BlackRock discloses 5.3% stake in Grupo Televisa (TV)

Rhea-AI Filing Summary

BlackRock, Inc. has filed a Schedule 13G showing beneficial ownership of 134,408,681 shares of Grupo Televisa SAB common stock, representing 5.3% of the class as of 12/31/2025. BlackRock has sole voting and dispositive power over these shares, with no shared voting or dispositive authority.

The filing explains that the position is held by certain BlackRock business units in the ordinary course of business. BlackRock certifies that the shares were not acquired and are not held for the purpose of changing or influencing control of Grupo Televisa, and that no individual underlying investor holds more than five percent of the company’s outstanding common shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

GRUPO TELEVISA SAB

(Name of Issuer)

Common Stock

(Title of Class of Securities)

P4987V137

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. P4987V137

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 134,408,681.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 134,408,681.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

134,408,681.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GRUPO TELEVISA SAB
(b)	Address of issuer's principal executive offices: AVENIDA VASCO DE QUIROGA NO. 2000 COLONIA SANTA FE MEXICO CITY Mexico 01210
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: P4987V137
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 134408681
(b)	Percent of class: 5.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 134408681
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 134408681
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of GRUPO TELEVISA SAB. No one person's interest in the common stock of GRUPO TELEVISA SAB is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	01/21/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

What stake in Grupo Televisa (TV) does BlackRock report in this Schedule 13G?

BlackRock, Inc. reports beneficial ownership of 134,408,681 Grupo Televisa SAB common shares, representing 5.3% of the outstanding class as of 12/31/2025.

Does BlackRock have voting and dispositive power over its Grupo Televisa (TV) shares?

Yes. BlackRock reports sole power to vote or direct the vote and sole power to dispose or direct the disposition of 134,408,681 shares, with 0 shared voting or dispositive power.

Is BlackRock seeking to influence control of Grupo Televisa (TV) with this ownership?

No. BlackRock certifies the shares were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Grupo Televisa SAB.

Are any other investors entitled to dividends or sale proceeds from these Grupo Televisa shares?

The filing states that various persons have the right to receive dividends or sale proceeds from the Grupo Televisa SAB common stock, but no one person’s interest exceeds 5% of the total outstanding common shares.

Who signed the Grupo Televisa (TV) Schedule 13G on behalf of BlackRock?

The Schedule 13G was signed by Spencer Fleming, Managing Director of BlackRock, Inc., who certified that the information is true, complete, and correct.

What type of reporting person is BlackRock in this Grupo Televisa (TV) filing?

BlackRock identifies itself as a parent holding company or control person, with the type of reporting person indicated as HC in the ownership section.