MEXICO CITY, March 2, 2017 /PRNewswire/ -- Grupo Televisa,
S.A.B. ("Televisa" or the "Company"; NYSE:TV; BMV:TLEVISA CPO)
announced today that it, together with some of its subsidiaries,
has been declared by the Federal Telecommunications Institute
("IFT") to be an economic agent with substantial power in the
market of restricted television and audio, based on data relevant
up to 2014.
On September 30, 2015, IFT had
resolved that there were no elements to determine the existence of
substantial power by the Company in that market (the "Original
Ruling").
On January 19, 2017, as a result
of an injunction filed by a competitor, a Circuit Court ordered IFT
to revoke the Original Ruling and issue a new ruling. In summary,
the Court determined that in IFT's original examination, IFT took
into consideration elements of information outside the relevant
period of time under review, which should have been exclusively the
period between January 2009 and
August 2014.
As a consequence of the ruling notified to the Company, IFT will
begin a new proceeding by which it may or may not determine the
imposition of certain measures on the Company in respect to the
relevant market. The Company will be heard in this proceeding.
The Company considers that the reversal of IFT's Original Ruling
is unconstitutional and does not comply with the guidelines of the
Circuit Court and, therefore, it will pursue all options in its
defense. Even though the Company will vigorously defend its stance,
it is not possible to determine the outcome.
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 50 countries through 26
pay-tv brands, and 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") the 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
and warrants which upon their exercise would represent
approximately 36% on a fully-diluted, as-converted basis of the
equity capital in Univision Holdings, 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 through five cable Multiple System
Operators in Mexico. Televisa owns
a majority interest in Sky, a leading direct-to-home satellite pay
television system in Mexico,
operating also in the Dominican
Republic and Central
America. Televisa also has interests in magazine publishing
and distribution, radio production and broadcasting, professional
sports and live entertainment, feature-film production and
distribution, and gaming.
Investor Relations:
Carlos
Madrazo / Tel: (52 55) 5261
2445 / cmadrazov@televisa.com.mx
Media Relations:
Alejandro
Olmos / Tel: (52 55) 4438 1205 /
aolmosc@televisa.com.mx
María Eugenia Zurita / Tel:
(52 55) 52 24 63 60 / mezurita@televisa.com.mx
www.televisair.com
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SOURCE Grupo Televisa, S.A.B.