Grupo Televisa B : IFT repeals Grupo Televisa’s Determination of Substantial Power in the Market of Restricted Television and Audio Services Form 6 K
June 24, 2024 at 06:07 am
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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 June, 2024
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
IFT repeals Grupo Televisa's Determination of Substantial Power in the
Market of Restricted Television and Audio Services
Mexico City, June 21, 2024- Grupo Televisa, S.A.B. ("Televisa" or the "Company"; NYSE:TV; BMV:TLEVISA CPO) announced today it has been notified by the Mexican Institute of Telecommunications (Instituto Federal de Telecomunicaciones, or "IFT") of the resolution through which such authority determined to repeal the determination that declared the Company, its concessionaires of restricted television and audio services ("STAR" for its acronym in Spanish) and other entities as Economic Agent with Substantial Power in 35 relevant markets of the STAR in Aguascalientes, Chihuahua, Mexico City, Estado de México, Jalisco, Nuevo León and San Luis Potosí. This, in compliance with the guidelines issued by a federal court.
With this resolution, a procedure initiated by the IFT to impose asymmetric measures to the Company and its subsidiaries has also been repealed, and the measures provided in the current regulations for these purposes are no longer applicable.
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 Sky, a leading direct-to-home satellite pay television system and broadband provider in Mexico. 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.
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
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)
Date: June 24, 2024
By:
/s/ Luis Alejandro Bustos Olivares
Name:
Luis Alejandro Bustos Olivares
Title:
Legal Vice President and General Counsel
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Grupo Televisa SAB published this content on
24 June 2024 and is solely responsible for the information contained therein. Distributed by
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24 June 2024 10:06:52 UTC.
Grupo Televisa, S.A.B. is a media company, cable operator in Mexico and an operator of a direct-to-home (DTH) satellite pay television system in Mexico. The Company operates through four segments: Content, Sky, Cable and Other Businesses. The Content segment includes Advertising, Network Subscription, and Licensing and Syndication. The Sky segment includes DTH broadcast satellite pay television services in Mexico, Central America and the Dominican Republic. The Cable segment includes the operation of a cable multiple system in the Mexico City metropolitan area; the operation of telecommunication, and the operation of a cable multiple system. The Other Businesses segment includes its domestic operations in sports and show business promotion, soccer, feature film production and distribution, gaming, radio, publishing and publishing distribution. The Company distributes the content it produces through various broadcast channels in Mexico and in approximately 50 other countries.