Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Mexico
  4. Mexican Stock Exchange
  5. Grupo Televisa, S.A.B.
  6. News
  7. Summary
    TLEVISA CPO   MXP4987V1378

GRUPO TELEVISA, S.A.B.

(TLEVISA CPO)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Grupo Televisa B : Announces Management Changes

07/19/2021 | 07:58pm EDT

Investor Relations

PRESS RELEASE

Grupo Televisa Announces Management Changes

Mexico City, July 19, 2021 - Grupo Televisa, S.A.B. ("Grupo Televisa", "Televisa" or the "Company"; NYSE:TV; BMV:TLEVISA CPO) announced that Carlos Ferreiro, current Chief Financial Officer (CFO) of the Company, will step down on September 30th, 2021 to become Chief Financial Officer (CFO) of Univision Holdings Inc. ("Univision") effective October 1st, 2021. He will continue with this position for the combined company following the closing of the previously announced Televisa-Univision transaction.

Carlos Phillips, current Managing Director/Finance of Grupo Televisa, will become interim CFO of the Company after Mr. Ferreiro steps down. Mr. Phillips has held several positions in the finance group since he joined Televisa in 2019 and played a key role in the recently announced Televisa-Univision transaction. Previously, Mr. Phillips was an investment banker in New York, with nearly 20 years of experience at firms including JP Morgan, Goldman Sachs, BBVA and Itaú.

Messrs. Bernardo Gomez and Alfonso de Angoitia, Co-Chief Executive Officers of Grupo Televisa said: "We thank Carlos for his many valuable contributions to Televisa throughout these years. We are certain he will continue to perform an outstanding job as CFO of Univision. We are pleased to see Carlos remaining as part of the family. We also welcome Carlos Phillips as interim CFO. He is a very talented executive who will take on this new role and lead the exceptional financial team of Televisa".

Leopoldo Gomez, head of News at Televisa, is stepping down to become President, Univision Noticias to lead the News division. Gomez is a seasoned news executive, with proven business results and more than 20 years of experience leading a large and diversified news group in Mexico, the world's most populous Spanish-language market. Gomez has been awarded Mexico's Premio Nacional de Periodismo on two occasions and is the recipient of the Premio Ondas Iberoamericano de Radio y Television and the Premio Rey de España.

Daniel Badía, has been appointed head of News at Televisa following Mr. Gomez's departure. Mr. Badía holds a B.A. in business and a B.A. in law from Universidad Iberoamericana in Mexico, and a Master of Laws-LLM from New York University School of Law. Before joining Televisa as Managing Director of News, he worked at several law firms, including Sullivan & Cromwell LLP.

Grupo Televisa's Co-Chief Executive Officers said: "Leopoldo Gomez is a seasoned news executive, with proven business results and more than 20 years of experience. He redesigned and reorganized Televisa Noticias taking it to the highest professional, integrity and ethical levels. Leopoldo also led the transition to a new generation of journalists and anchors at Televisa Noticias. He has been the anchor and director of Mexico's highest rated weekly Public Affairs Analysis & Debate TV program, Tercer Grado. We thank Leopoldo for his invaluable dedication and contributions to Televisa throughout these years. We are confident that he will take Univision Noticias to the next level as President. We are delighted to see Leopoldo´s appointment. We are certain that Daniel Badía will do an outstanding job as head of News at Televisa".

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. Statements contained in this release relating to the COVID-19 outbreak, the impact of which on our business performance and financial results remains inherently uncertain, are forward-looking statements. 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.

Grupo Televisa, S.A.B.

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 70 countries through 27 pay-tv brands, 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"), a 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 representing approximately 36% on a fully-diluted basis of the equity capital in Univision Holdings II, 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. 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 also has interests in magazine publishing and distribution, professional sports and live entertainment, feature-film production and distribution, and gaming.

Investor Relations

Rodrigo Villanueva / Tel: (52 55) 5261 2445 / rvillanuevab@televisa.com.mx

Santiago Casado / Tel: (52 55) 5261 2438 / scasado@televisa.com.mx

Media Relations

Rubén Acosta / Tel: (52 55) 5224 6420 / racostamo@televisa.com.mx

Teresa Villa / Tel: (52 55) 4438 1205 / atvillas@televisa.com.mx

www.televisair.com

Grupo Televisa, S.A.B.

Disclaimer

Grupo Televisa SAB published this content on 19 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2021 23:57:05 UTC.


© Publicnow 2021
All news about GRUPO TELEVISA, S.A.B.
09/14UPDATE ON OCESA SALE TRANSACTION : Televisa announces agreement with Live Nation and CIE (..
PU
09/14Mexican telecoms regulator approves Univision, Televisa content tie-up
RE
09/13LIVE NATION ENTERTAINMENT : to Buy Controlling Stake in Mexican Concert Promoter OCESA as ..
MT
09/13CORPORACIÓN INTERAMERICANA DE ENTRET : Live Nation resumes stalled acquisition of Mexican ..
RE
09/13LIVE NATION ENTERTAINMENT : Revives Acquisition of OCESA
MT
09/13CORPORACIÓN INTERAMERICANA DE ENTRET : Live Nation resumes acquisition of Mexican entertai..
RE
09/13UPDATE ON OCESA SALE TRANSACTION : Televisa announces agreement with Live Nation and CIE
PU
07/26GRUPO TELEVISA B : Announces Engagement of Market Maker (Formador de Mercado) (Form 6-K)
PU
07/22GRUPO TELEVISA B : Announces Engagement of Market Maker (Formador de Mercado)
PU
07/22Spanish-language Hemisphere Media Group explores sale -sources
RE
More news
Analyst Recommendations on GRUPO TELEVISA, S.A.B.
More recommendations
Financials
Sales 2021 103 B 5 129 M 5 129 M
Net income 2021 4 859 M 242 M 242 M
Net Debt 2021 98 555 M 4 913 M 4 913 M
P/E ratio 2021 34,2x
Yield 2021 0,72%
Capitalization 137 B 6 822 M 6 816 M
EV / Sales 2021 2,29x
EV / Sales 2022 2,16x
Nbr of Employees 43 636
Free-Float 19,1%
Chart GRUPO TELEVISA, S.A.B.
Duration : Period :
Grupo Televisa, S.A.B. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GRUPO TELEVISA, S.A.B.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 48,90 MXN
Average target price 58,78 MXN
Spread / Average Target 20,2%
EPS Revisions
Managers and Directors
Bernardo Gómez Martínez Co-Chief Executive Officer, Director & EVP
Alfonso de Angoitia Noriega Co-Chief Executive Officer & Director
Carlos Ferreiro Rivas Corporate Vice President-Finance
Emilio Fernando Azcárraga Jean Executive Chairman
José Antonio Lara del Olmo Vice President-Administration
Sector and Competitors
1st jan.Capi. (M$)
GRUPO TELEVISA, S.A.B.49.36%6 822
WALT DISNEY COMPANY (THE)-2.72%320 269
COMCAST CORPORATION7.19%257 806
VIACOMCBS INC.7.51%26 053
THE LIBERTY SIRIUSXM GROUP9.54%15 865
FORMULA ONE GROUP19.67%11 702