Televisa Faces DOJ Investigation

TL;DR

DOJ is investigating Televisa, details TBD.

AI Summary

Grupo Televisa, S.A.B. (Televisa) announced on August 30, 2024, that it became aware on August 29, 2024, of a Department of Justice investigation. The filing does not specify the nature or scope of this investigation.

Why It Matters

A Department of Justice investigation can lead to significant legal and financial repercussions for a company, potentially impacting its stock price and operations.

Risk Assessment

Risk Level: medium — The announcement of a Department of Justice investigation introduces uncertainty and potential legal risks for the company.

Key Players & Entities

• Grupo Televisa, S.A.B. (company) — Filer of the report and subject of the announcement
• Televisa (company) — Abbreviated name for Grupo Televisa, S.A.B.
• Department of Justice (company) — Investigating entity
• August 29, 2024 (date) — Date Televisa learned of the investigation
• August 30, 2024 (date) — Date of the press release and filing

FAQ

Filing Documents

• tm2423178d1_6k.htm (6-K) — 20KB
• image_001.jpg (GRAPHIC) — 3KB
• 0001104659-24-095756.txt ( ) — 25KB

From the Filing

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, 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 x Form 40-F Investor Relations PRESS RELEASE Mexico City, August 30, 2024 – Grupo Televisa, S.A.B. (“Televisa” or the “Company”; NYSE:TV; BMV:TLEVISA CPO) announced today that on August 29, 2024, the Company learned that a Department of Justice investigation of FIFA-related activity may have a material impact on the Company’s financial condition or results of operations. The Company cannot predict the outcome of the investigation or whether it will in fact have a material impact. We are cooperating with the investigation. 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 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 Garcia / 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) Date: August 30, 2024 By: /s/ Luis Alejandro Bustos Olivares Name: Luis Alejandro Bustos Olivares Title: Legal Vice President and General Counsel

View Full Filing

View this 6-K filing on SEC EDGAR