GRUPO TELEVISA, S.A.B. (TV) reports that it observed unusual trading volume in its ordinary participation certificates (CPOs) on September 18, 2026 and states it is not aware of any specific causes, indicating the movements may be attributable to market conditions.
The company also states it is not aware of any CPO transactions by members of its Board of Directors or Relevant Officers on that date and confirms it did not execute trades under its share repurchase program. Televisa indicates it will disclose any additional information if identified after a more exhaustive review, and notes that this communication is made at the request of the Mexican Banking and Securities Commission.
GRUPO TELEVISA, S.A.B. (TV) reports that, despite unusual trading in its CPOs, there has been no change in its results or financial condition that would justify the price movements. The company states it has not executed transactions under its share repurchase program and is not aware of any trading in its CPOs by members of its Board of Directors or Relevant Officers.
Televisa notes that on September 4, 2026, S&P Dow Jones Indices announced preliminary S&P/BMV IPC rebalancing results indicating the company may cease to be a constituent of that index effective September 21, 2026, with final results expected on September 11, 2026. Televisa believes the unusual trading could be attributable to this publication and reiterates its position as a major Mexican telecommunications and media company and the largest shareholder of TelevisaUnivision.
Grupo Televisa, S.A.B. renewed its agreement with Santander Casa de Bolsa, S.A. de C.V. to provide market maker (formador de mercado) services for its shares listed on the Mexican Stock Exchange under ticker TLEVISA CPO. The renewed agreement is effective until August 8, 2027.
Televisa is a major Mexican telecommunications company with significant cable networks and a direct-to-home satellite pay TV system, offering high-speed data, video, mobile and voice services. It also holds broadcast concessions and is the largest shareholder of TelevisaUnivision, Inc., a leading Spanish-language media content producer and distributor.
BlackRock, Inc. reports beneficial ownership of common stock of GRUPO TELEVISA, S.A.B. on a Schedule 13G. BlackRock lists beneficial ownership of 157,496,332 shares, representing 5.2% of the company’s common stock. It reports 156,073,748 shares with sole voting power and 157,496,332 shares with sole dispositive power, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no single client holds more than five percent of the outstanding common shares.
Grupo Televisa reported second-quarter 2026 Telecom revenues of Ps.14,288.9 million, down 3.0% year-on-year as strong Residential growth was offset by a sharp Satellite decline. Residential revenues rose 1.8%, Enterprise grew 0.8%, while Satellite fell 20.3% on substantial RGU losses.
Operating segment income increased 5.0% to Ps.5,978.1 million, expanding margin to 41.8%, and operating income rose 64.9% to Ps.1,572.3 million, helped by lower other expense and finance expense. Despite this, net income attributable to stockholders swung to a Ps.497.4 million loss from a Ps.474.5 million profit, mainly due to a Ps.1,136.7 million drop in share of income from associates and joint ventures (principally TelevisaUnivision), a Ps.540.2 million adverse change in income taxes, and higher non-controlling interests.
Televisa generated Ps.10,600.3 million of operating cash flow in the first half of 2026 and invested Ps.3,612.7 million (U.S.$208.0 million) in Q2 capital expenditures. Total debt fell to Ps.80,649.6 million, with net debt of Ps.41,932.1 million. The company issued Ps.6,917.8 million in zero-coupon Convertible Debentures, classified in equity and expected to represent 19.48% of capital at mandatory conversion in 2027, and advanced sustainability reporting aligned with IFRS S1 and IFRS S2.
Grupo Televisa reported mixed 2Q 2026 results. Telecom revenues declined 3.0% year-on-year to Ps.14,288.9 million, mainly from a 20.3% drop in Satellite Services revenue, partially offset by 1.8% growth in Residential and 0.8% growth in Enterprise revenues.
Profitability improved at the operating level. Operating segment income rose 5.0% to Ps.5,978.1 million, expanding margin to 41.8%, while operating income increased 64.9% to Ps.1,572.3 million. However, lower share of income from associates and joint ventures, higher income taxes, and higher net income attributable to non-controlling interests led to a net loss attributable to stockholders of Ps.497.4 million, versus a Ps.474.5 million profit a year earlier.
Televisa invested US$208.0 million (Ps.3,612.7 million) in 2Q 2026 capex and reduced total debt to Ps.80,649.6 million, bringing total debt and lease liabilities to Ps.87,811.6 million. It issued Ps.6,917.8 million zero-coupon convertible debentures, classified as equity, which will represent 19.48% of capital stock upon mandatory conversion, and advanced climate-related disclosures aligned with IFRS S1 and IFRS S2.
Grupo Televisa director David Zaslav sold 110,826 Global Depositary Shares (GDSs) in an open-market transaction. The shares were sold on July 1, 2026 at a volume-weighted average price of $2.6952 per GDS. After the sale, he directly held 46,600 GDSs. Each GDS represents a financial interest in five CPOs, which in turn are linked to multiple series of Televisa shares, so changes in GDS holdings reflect exposure to a bundled interest in the company’s equity.
GRUPO TELEVISA, S.A.B. director David Zaslav filed an amended ownership report showing his current positions in the company’s Global Depositary Shares (GDSs). The filing lists 110,826 GDSs held directly, each linked to underlying Certificados de Participacion Ordinarios (CPOs).
It also shows an additional 55,500 GDSs held indirectly through a Stock Purchase Plan for directors. According to the plan terms, at vesting the administering trust will sell some GDSs or related CPOs at a price of Ps.8.00 per GDS to fund the purchase and deliver the remaining GDSs to Zaslav, using a peso‑to‑dollar conversion rate of 17.9437 as of March 13, 2026.
TV filed a Form 144 reporting proposed sales of Series "A" shares. The filing lists proposed transactions of 17,105 shares dated 05/24/2023, 45,852 shares dated 11/01/2024, and 47,869 shares dated 05/30/2025
Grupo Televisa reported that Moody’s Ratings downgraded its senior unsecured and senior unsecured shelf ratings to Ba2 from Ba1. Moody’s also assigned Televisa a Ba2 corporate family rating and set the Rating Outlook to Stable, indicating no current expectation of further near-term rating changes.
The company highlights its position as a major Mexican telecommunications provider, with extensive cable networks, a direct-to-home satellite pay TV platform, and a significant equity stake in TelevisaUnivision, which distributes Spanish-language content across Mexico, the U.S., and more than 50 countries.