MEXICO CITY, April 26, 2017 /PRNewswire/ -- Grupo Televisa,
S.A.B. (NYSE:TV; BMV: TLEVISA CPO; "Televisa" or the "Company"),
today announced results for the First Quarter 2017. The results
have been prepared in accordance with International Financial
Reporting Standards ("IFRS").
Highlights
- Growth in Consolidated Net Sales and Operating Segment Income
of 2.0% and 2.4%, respectively
- Revenue and operating segment income growth in our Cable
segment of 6.2% and of 7.8%, respectively
- Continued discipline in cost and expenses across all our
business segments
- Operating segment income margin in line with last year in spite
of peso depreciation
- Univision royalties reached US$72.6
million during the first-quarter
- Capital expenditures came down by 34% to US$217.9 million
For a full version of this release, please
visit
http://www.televisair.com/en/reports-and-filings/quarterly/2017
About Televisa
Televisa is a leading media company in
the Spanish-speaking world, an important cable operator in
Mexico and an operator of a
leading direct-to-home satellite pay television system in
Mexico. Televisa distributes the
content it produces through several broadcast channels in
Mexico and in over 50 countries
through 26 pay-tv brands, and television networks, cable operators
and over-the-top or "OTT" services. 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 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
Santiago Casado / Tel: (52 55) 5261
2438 / scasado@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-first-quarter-2017-300446834.html
SOURCE GRUPO TELEVISA S.A.B