UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

FORM 6-K

 
REPORT OF FOREIGN ISSUER
PURSUANT TO RULES 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August, 2023
Commission File Number: 001-12610
 

GRUPO TELEVISA, S.A.B.
(Translation of registrant’s name into English)
 

Av. Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico City, Mexico
(Address of principal executive offices)
 

(Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.)
Form 20-F ☒ Form 40-F  ☐





 
 Investor Relations
 
PRESS RELEASE
 



The consolidated securities class action litigation against Televisa is dismissed with prejudice following court approval of the parties’ stipulation of settlement

Mexico City, August 8, 2023 – Grupo Televisa, S.A.B. (“Televisa” or the “Company”; NYSE: TV; BMV:TLEVISA CPO) announced today that the consolidated securities class action lawsuit captioned In re Grupo Televisa Securities Litigation, Case No. 18 Civ. 1979 (LLS), which was pending against the Company and two other defendants in the U.S. District Court for the Southern District of New York, has been dismissed with prejudice following the court’s approval of the parties’ stipulation of settlement and entry of final judgment. The consolidated class action complaint was filed in 2018, as described in the Company’s Annual Report filed with the Mexican Stock Exchange and the Mexican Banking and Securities Commission, and its Annual Report on Form 20-F filed with the Securities and Exchange Commission.
The stipulation of settlement provides a full release of all claims as described in the court’s order, and contains express denials of any fault, liability, wrongdoing or damages on the part of the defendants.
While Televisa continues to believe that the allegations in the case were without merit, it also believed that eliminating the distraction, expense and risk of continued litigation was in the best interests of the Company and its shareholders.






About Televisa
Grupo Televisa S.A.B. (“Televisa”) is a major telecommunications corporation which owns and operates one of the most significant cable companies as well as a leading direct-to-home satellite pay television system in Mexico. Televisa’s cable business offers integrated services, including video, high-speed data and voice to residential and commercial customers as well as managed services to domestic and international carriers. Televisa owns a majority interest in Sky, a leading direct-to-home satellite pay television system and broadband provider in Mexico, operating also in the Dominican Republic and Central America. Televisa holds a number of concessions by the Mexican government that authorizes it to broadcast programming over television stations for the signals of TelevisaUnivision, Inc. (“TelevisaUnivision”), and Televisa’s cable and DTH systems. In addition, Televisa is the largest shareholder of TelevisaUnivision, a leading media company producing, creating, and distributing Spanish-speaking content through several broadcast channels in Mexico, the US and over 50 countries through television networks, cable operators and over- the-top or “OTT” services. Televisa also has interests in magazine publishing and distribution, professional sports and live entertainment, 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.












Contact Information

Investor Relations
www.televisair.com.mx
Tel: (52 55) 5261 2445

Rodrigo Villanueva, VP, Head of Investor Relations / rvillanuevab@televisa.com.mx
Andrés Audiffred, Investor Relations Director / aaudiffreda@televisa.com.mx

Media Relations

Rubén Acosta / Tel: (52 55) 5224 6420 / racostamo@televisa.com.mx
Alejandra García / Tel: (52 55) 4438 1205 / agarcial@televisa.com.mx




SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
               
 
 
 
 
GRUPO TELEVISA, S.A.B.
 
 
 
 
 

(Registrant)
 
         
Dated: August 9, 2023
 
 
 
By
 
/s/ Luis Alejandro Bustos Olivares
 
 
 
 
 

Name:
 

Luis Alejandro Bustos Olivares
 
 
 
 
 

Title:
 

Legal Vice President and General Counsel
 




Grupo Televisa (NYSE:TV)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Grupo Televisa Charts.
Grupo Televisa (NYSE:TV)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Grupo Televisa Charts.