MEXICO CITY, Oct. 27, 2016
/PRNewswire/ -- Grupo Televisa, S.A.B. (NYSE:TV; BMV: TLEVISA CPO;
"Televisa" or the "Company"), today announced results for the
third-quarter 2016. The results have been prepared in accordance
with International Financial Reporting Standards ("IFRS").
Highlights
- Consolidated net sales and operating segment income grew by
6.6% and 4.1%, respectively
- Solid growth in Sky revenues and operating segment income of
12.5% and 8.7%, respectively
- Strong revenue and operating segment income growth in our Cable
segment of 11.8% and of 15.8%, respectively
- In the aggregate our two distribution businesses Sky and Cable
reached 12.2 million video RGUs, 3.3 million data RGUs, and 2.1
million voice RGUs
For a full version of this release, please visit
www.televisair.com
About Televisa
Televisa is a leading media company in the Spanish-speaking
world, an important cable operator in Mexico and a leading direct-to-home satellite
pay television system in Mexico.
Televisa distributes the content it produces through several
broadcast channels in Mexico and
26 pay-tv brands in Mexico and
abroad, and television networks, cable operators and over-the-top
or "OTT" services in over 50 countries. In the United States, Televisa's audiovisual
content is distributed through Univision Communications Inc.
("Univision") the leading media company serving the Hispanic
market. Univision broadcasts Televisa's audiovisual content through
multiple platforms in exchange for a royalty payment. In addition,
Televisa has equity and warrants which upon their exercise and
subject to any necessary approval from the Federal Communications
Commission of the United States
would represent approximately 36% on a fully-diluted, as-converted
basis of the equity capital in Univision Holdings Inc., the
controlling company of Univision. Televisa's cable business offers
integrated services, including video, high-speed data and voice
services to residential and commercial customers as well as managed
services to domestic and international carriers through five cable
Multiple System Operators in Mexico. Televisa owns a majority interest in
Sky, a leading direct-to-home satellite pay television system in
Mexico, operating also in the
Dominican Republic and
Central America. Televisa also has
interests in magazine publishing and distribution, radio production
and broadcasting, professional sports and live entertainment,
feature-film production and distribution, and gaming.
Disclaimer
This press release contains forward-looking statements regarding
the Company's results and prospects. Actual results could differ
materially from these statements. The forward-looking statements in
this press release should be read in conjunction with the factors
described in "Item 3. Key Information – Forward-Looking Statements"
in the Company's Annual Report on Form 20-F, which, among others,
could cause actual results to differ materially from those
contained in forward-looking statements made in this press release
and in oral statements made by authorized officers of the Company.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of their dates. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Investor Relations:
Carlos Madrazo / Tel: (52 55) 5261
2445 / cmadrazov@televisa.com.mx
Eduardo Nestel / Tel: (52 55) 5261
2438 / enestel@televisa.com.mx
Media Relations:
Alejandro Olmos / Tel: (52 55) 5224
6420 / aolmosc@televisa.com.mx
María Eugenia Zurita / Tel: (52 55)
52 24 63 60 / mezurita@televisa.com.mx
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/grupo-televisa-announces-results-for-3rd-quarter-2016-300353079.html
SOURCE Grupo Televisa, S.A.B.