Televisa Insider Azcarraga Files 13D/A Amendment

TL;DR

An insider just updated their stake in Televisa, signaling a change in their holdings or plans.

AI Summary

Azcarraga Jean Emilio Fernando filed an Amendment No. 2 to Schedule 13D (SC 13D/A) on February 15, 2024, regarding his beneficial ownership in Grupo Televisa, S.A.B. The filing pertains to Series A, Series B, Dividend Preferred, and Series L Shares of the issuer. This amendment updates previous disclosures concerning his stake in the Mexican media conglomerate.

Why It Matters

An amended 13D filing by a significant insider like Emilio Fernando Azcarraga Jean indicates a change in beneficial ownership or investment intent, which can signal strategic shifts for Grupo Televisa, S.A.B.

Risk Assessment

Risk Level: low — This is an amendment to a beneficial ownership filing by a known insider, which is a routine disclosure unless specific adverse changes are detailed, which are not present in this snippet.

Key Numbers

• 40049J206 — CUSIP Number (Identifies the class of securities)

Key Players & Entities

• GRUPO TELEVISA, S.A.B. (company) — Subject Company
• AZCARRAGA JEAN EMILIO FERNANDO (person) — Filer
• Luis Alejandro Bustos Olivares (person) — Contact Person

FAQ

Filing Documents

• tm245974d1_sc13da.htm (SC 13D/A) — 38KB
• 0001104659-24-024612.txt ( ) — 40KB

(D) OR 2(E)

ITEM 2(D) OR 2(E) Not Applicable 6 CITIZENSHIP OR PLACE OF ORGANIZATION Mexico NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 56,543,928,029 A Shares, 276,032,856 B Shares, 439,143,180 D Shares and 439,143,180 L Shares (See Items 5(a) and 5(b)) 8 SHARED VOTING POWER -0- 9 SOLE DISPOSITIVE POWER 56,543,928,029 A Shares, 276,032,856 B Shares, 439,143,180 D Shares and 439,143,180 L Shares (See Items 5(a) and 5(b)) 10 SHARED DISPOSITIVE POWER -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 56,543,928,029 A Shares, 276,032,856 B Shares, 439,143,180 D Shares and 439,143,180 L Shares (See Items 5(a) and 5(b)) 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 49.6706% of A Shares, 0.5445% of B Shares, 0.5445% of D Shares and 0.5445% of L Shares (1) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN (1) Based on approximately 113,837,900,000 A Shares, 50,694,000,000 B Shares, 80,649,300,000 D Shares and 80,649,300,000 L Shares issued and outstanding as of September 30, 2023, as reported in the Issuer’s Form 6-K filed with the Securities and Exchange Commission (“ SEC ”) on November 2, 2023. CUSIP No. 40049J206 GDSs 13D Page 3 of 5

Security and Issuer

Item 1. Security and Issuer This Amendment No. 2 (the “ Amendment ”) amends the Schedule 13D (the “ Schedule 13D ”) and the Schedule 13D/A (the “ Schedule 13D/A ”), filed by the Reporting Person (as defined below) with the SEC on April 5, 2004 and January 19, 2006, respectively, with respect to the Series A Shares of common stock, no par value (the “ A Shares ”), the Series B Shares of common stock, no par value (the “ B Shares ”), the Dividend Preferred Shares, no par value (the “ D Shares ”), and the limited-voting Series L Shares, no par value (“ L Shares ” and, together with the A Shares, the B Shares and the D Shares, the “ Shares ”) of Grupo Televisa, S.A.B. (the “ Issuer ”). Capitalized terms used but not otherwise defined in the Amendment have the meanings ascribed to such term in the Schedule 13D and in the Schedule 13D/A. The Issuer is a sociedad anónima bursátil organized under the laws of Mexico, whose principal executive offices are located at Av. Vasco de Quiroga No. 2000, Colonia Santa Fe, 01210, Ciudad de México, México.

Identity and Background

Item 2. Identity and Background (a) – (c) and (f): This Statement is filed by Emilio Fernando Azcárraga Jean (“ EAJ ” or the “ Reporting Person ”). EAJ’s business address is: Paseo de la Reforma 760, Lomas de Chapultepec, Miguel Hidalgo, Ciudad de México, 11000, México. EAJ is a Mexican citizen whose present principal occupation is Executive Chairman of the Board and Chairman of the Executive Committee of the Issuer, as well as Member and Chairman of the Board of Empresas Cablevisión (subsidiary of the Issuer). The Issuer’s principal business address is: Av. Vasco de Quiroga No. 2000, Colonia Santa Fe, 01210, Ciudad de México, México. EAJ is the sole beneficiary of Trust No. 80370, a trust organized under the laws of Mexico for the benefit of EAJ (the “ Azcárraga Trust ”) and has the power to determine the investment and voting decisions made by the Azcárraga Trust. Trust No. 16188-6 (the “ LTRP Trust ”) is a trust organized under the laws of Mexico as an equity compensation plan for employees of the Issuer. The LTRP Trust holds the following Shares, directly and indirectly through 94,558,063 CPOs: 5,059,225,911 A Shares, 4,437,298,541 B Shares, 3,309,532,259 D Shares and 3,309,532,259 L Shares. Shares held in the LTRP Trust become vested over a period of years, reducing the number of Shares held in the LTRP Trust accordingly. A technical committee, all of whose members are employees of the Issuer, has the power to control the voting of Shares held by the LTRP Trust. Thus, the LTRP Trust may be deemed to be controlled by the Issuer, and the Issuer and EAJ may be deemed to share beneficial ownership of all Shares beneficially owned by the LTRP Trust. The Issuer and EAJ expressly disclaim such beneficial ownership. (d) and (e): EAJ has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or

Purpose of the Transaction

Item 4. Purpose of the Transaction

is hereby amended and restated in its entirety as follows

Item 4 is hereby amended and restated in its entirety as follows: Issuer’s Spin-off - Ollamani On February 12, 2024, the Mexican National Banking and Securities Commission authorized the registration with the Mexican National Securities Registry of (i) the Series “A”, Series “B”, Series “D” and Series “L” nominative shares, without par value, representing the capital stock of Ollamani, S.A.B. (“ Ollamani ”), a new company incorporated as a result of the Issuer’s spin-off; and (ii) the ordinary participation certificates issued based on such shares (the “ Ollamani CPOs ”). The Ollamani CPOs will be listed and begin trading on the Mexican Stock Exchange on February 20, 2024. Ollamani holds the gaming operations, futbol operations, the Estadio Azteca , and publishing and distribution of magazines businesses, as well as certain related assets and real estate previously owned by the Issuer. The spin-off did not result in any change in the Issuer’s share structure, and therefore did not result in any change in the number of outstanding Shares beneficially owned by the Reporting Person. The Reporting Person may, from time to time, evaluate the possibility of acquiring additional Ollamani CPOs, subject to market and other conditions, as it has been disclosed in the materials related to the spin-off. CUSIP No. 40049J206 GDSs 13D Page 4 of 5 Intentions Relating to the Issuer’s CPOs Subject to Market Conditions Except as disclosed in this Item 4, the Reporting Person has no plans or proposals that relate to or would result in any of the actions or transactions described in paragraphs (a) through (j) of Item 4 of the instructions to this Schedule. may in the future acquire CPOs or other securities of the Issuer from the Issuer, in the open market, in privately-negotiated purchases, through a tender offer or otherwise. The

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer (a) The Reporting Person is no longer member of a group within the meaning of Section 13(d)(3) of the Exchange Act (as had been previously disclosed). See items 11 and 13 of the cover pages to this Schedule 13D for the aggregate number and percentage of A Shares, B Shares, D Shares and L Shares beneficially owned by the Reporting Person. (b) See items 7 through 10 of the cover pages to this Schedule 13D for the number and percentage of A Shares, B Shares, D Shares and L Shares beneficially owned by the Reporting Person as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote and sole or shared power to dispose or to direct the disposition. (c) None. (d) Not applicable. (e) Not applicable. CUSIP No. 40049J206 GDSs 13D Page 5 of 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 15, 2024 By: /s/ Emilio Fernando Azcárraga Jean Emilio Fernando Azcárraga Jean

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View this SC 13D/A filing on SEC EDGAR