Another big announcement from hi5 today: the social network is teaming up with Televisa in a commercial partnership with Televisa representing hi5’s online ad inventory for Spanish Latin America, and hi5 distributing Televisa’s video content through its new video channel on the social networking site.

No monetary details of the commercial partnership have been released, but the deal is exclusive between the two companies. Televisa reports significant growth on a global scale, while hi5 cites that Internet usage in Latin America has increased nearly 17% in the past year, making it one of the fastest growing Internet markets in the world.
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