GRUPO TELEVISA, S.A.B. Co-CEO Bernardo Gómez reported compensation-related awards rather than market trades. He acquired indirect derivative interests over 12,574,570 and 12,066,300 CPO-linked units under long-term retention plans and 268,470 CPO-linked units under a stock purchase plan. He also acquired zero-coupon Mandatory Convertible Debentures that will convert in one year into 6,307,262,714 Series “A” shares at a stated conversion price of 0.0048 per share, with a total subscription price equivalent to 30,518,001 U.S. dollars, determined using a peso–dollar rate of 17.3498.
Grupo Televisa, S.A.B. issued zero-coupon mandatory convertible debentures for $6,917,800,007.42 Mexican pesos, as approved at its April 28, 2026 extraordinary shareholders’ meeting. These debentures will convert into Series A, B, D, L shares and/or CPOs one year after issuance, subject to regulatory approvals.
The shares issued upon conversion will represent 19.48% of Televisa’s capital stock and will be subject to a one-year lock-up after conversion. Proceeds will be used for general corporate purposes, including potential strategic telecom transactions in Mexico, capital expenditures and debt prepayment.
The debentures were privately placed with several investors, including Emilio Azcárraga Jean, Bernardo Gómez Martínez, Alfonso de Angoitia Noriega, Fintech Latam S.à r.l. and Eduardo Tricio Haro. After conversion, Fintech is expected to hold a 22.3% direct and indirect stake and has characterized its investment as passive.
Grupo Televisa, S.A.B. director Jean Michel Enriquez Dahlhaus reported an open-market sale of 116,500 CPOs on May 26, 2026, at a volume-weighted average price of about $0.57 per CPO.
After this transaction, he directly holds 116,500 CPOs. The filing notes that actual sale prices ranged from 9.76 to 9.88 Mexican pesos per CPO, using a currency conversion rate of 17.3241 pesos per US dollar.
GRUPO TELEVISA, S.A.B. director Salvi Rafael Folch Viadero reported selling a total of 233,000 CPOs in open-market transactions. The sales occurred on May 25 and 26, 2026 at a reported volume-weighted average price of $0.56 per CPO, reflecting peso prices around 9.68. After these trades, his directly held CPO position fell to zero. Each CPO represents a bundle of underlying Televisa share classes, so this filing shows a complete exit from his disclosed direct CPO holdings.
Grupo Televisa reported that S&P Global Ratings downgraded its issuer credit and issue-level ratings to 'BBB-' from 'BBB'. S&P Global’s Mexican national scale issuer and issue-level ratings were also lowered to 'mxAA+' from 'mxAAA', and the outlook is negative. Televisa highlights its position as a major Mexican telecommunications and media company, with significant cable, satellite pay TV, broadband operations and a large ownership stake in TelevisaUnivision.
GRUPO TELEVISA, S.A.B. officer Francisco Valim exercised and sold compensation-linked CPOs. He exercised 225,000 CPOs from a Long Term Retention Plan at a stated exercise price of 0.0900 per CPO, then sold 225,000 CPOs in an open-market transaction at 0.5700 per CPO.
Following these transactions, he reported holding no CPOs directly. A footnote states the sale price reflects a volume weighted average, with actual prices ranging from 9.9100 to 9.9900 Mexican Pesos per CPO and a currency conversion rate of 17.3969 Mexican Pesos per US dollar as of May 1, 2026.
Grupo Televisa reported 2025 telecom revenue of Ps.58,878.2 million, down 5.4% from 2024, mainly from a 17.5% decline in Satellite revenue. Residential revenue slipped 1.8% and Enterprise grew slightly.
Operating segment income was Ps.23,021.9 million with a 39.1% margin, while operating income improved to Ps.4,224.9 million from a loss in 2024. Despite this, net loss attributable to stockholders widened to Ps.9,168.3 million, driven largely by non‑cash deferred tax asset write‑offs and higher losses from TelevisaUnivision.
Fourth‑quarter telecom revenue fell 4.5% year‑on‑year, but operating segment margin rose to 40.9% as cost efficiencies took hold. Residential RGUs grew in mobile, broadband, and voice, while video and Satellite RGUs declined sharply.
Televisa invested about U.S.$645.0 million (Ps.12,186.6 million) in capex and cut total debt and lease liabilities to Ps.91,430.2 million, with consolidated net debt of Ps.48,999.8 million. The Board approved suspending the 2026 dividend while analyzing Mexican telecom investment opportunities and potential capital raising.
GRUPO TELEVISA, S.A.B. director Carlos Hank González reported both a sale and an exercise of CPOs. He completed an open-market sale of 44,500 CPOs at an average price of $0.57 per CPO, executed by a trust on his behalf together with other participants. He also exercised 277,500 CPOs held in a Stock Purchase Plan at a conversion price of $0.09 per CPO. After these transactions, he directly holds 841,900 CPOs.
Grupo Televisa, S.A.B. director Eduardo Tricio Haro reported exercising rights under a Stock Purchase Plan to acquire 277,500 CPOs at US$0.09 per CPO on May 4, 2026. On the same date, he sold 44,500 CPOs at US$0.57 per CPO. After these transactions, he directly holds 212,816,900 CPOs.
Grupo Televisa director Michael T. Fries exercised 277,500 CPOs from a Stock Purchase Plan on May 4, 2026 at 0.0900 per CPO, then sold 44,500 CPOs at 0.5700 per CPO in a market transaction. After these moves he holds 838,275 CPOs directly.