Av. Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico, D.F.
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(Address of principal executive offices)
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Form 20-F
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x
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Form 40-F
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Yes
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No
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x
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Ø
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Growth in consolidated net sales and net income of 10.5% and 29.4% for the year, respectively; and of 8.8% and 181.8% for the quarter, respectively
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Ø
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Television Broadcasting net sales and operating segment income in line with guidance; solid weekday prime time audience share of 70.5% during 2010
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Ø
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Pay Television Networks net sales increased 15%, adding close to 3 million subscribers during 2010
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Ø
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Record-high net additions of more than 1 million subscribers achieved by Sky during 2010, reaching over 3 million subscribers
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Ø
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Cable and Telecom net sales and operating segment income grew 27.8% and 31.5%, respectively; Revenue Generating Units reached 3.3 million
|
2010
|
Margin %
|
2009
|
Margin
%
|
Change
%
|
|
Consolidated net sales
|
57,856.8
|
100.0
|
52,352.5
|
100.0
|
10.5
|
Operating segment income
|
23,062.9
|
39.0
|
20,744.7
|
38.8
|
11.2
|
Consolidated net income
|
8,515.9
|
14.7
|
6,582.7
|
12.6
|
29.4
|
Controlling interest net income
|
7,683.4
|
13.3
|
6,007.1
|
11.5
|
27.9
|
Net Sales
|
2010
|
%
|
2009
|
%
|
Inc. %
|
Television Broadcasting
|
22,750.1
|
38.5
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21,561.6
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40.3
|
5.5
|
Pay Television Networks
|
3,146.2
|
5.3
|
2,736.6
|
5.1
|
15.0
|
Programming Exports
|
3,074.8
|
5.2
|
2,845.9
|
5.3
|
8.0
|
Publishing
|
3,229.6
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5.5
|
3,356.1
|
6.3
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(3.8)
|
Sky
|
11,248.2
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19.0
|
10,005.2
|
18.7
|
12.4
|
Cable and Telecom
|
11,814.2
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20.0
|
9,241.8
|
17.3
|
27.8
|
Other Businesses
|
3,812.3
|
6.5
|
3,771.4
|
7.0
|
1.1
|
Segment Net Sales
|
59,075.4
|
100.0
|
53,518.6
|
100.0
|
10.4
|
Intersegment Operations1
|
(1,218.6)
|
(1,166.1)
|
(4.5)
|
||
Consolidated Net Sales
|
57,856.8
|
52,352.5
|
10.5
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Operating Segment Income (Loss)2
|
2010
|
Margin
%
|
2009
|
Margin
%
|
Inc. %
|
Television Broadcasting
|
10,714.3
|
47.1
|
10,323.9
|
47.9
|
3.8
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Pay Television Networks
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1,622.0
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51.6
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1,660.4
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60.7
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(2.3)
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Programming Exports
|
1,503.6
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48.9
|
1,437.2
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50.5
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4.6
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Publishing
|
425.3
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13.2
|
190.7
|
5.7
|
123.0
|
Sky
|
5,074.5
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45.1
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4,478.8
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44.8
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13.3
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Cable and Telecom
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3,907.2
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33.1
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2,971.9
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32.2
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31.5
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Other Businesses
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(184.0)
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(4.8)
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(318.2)
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(8.4)
|
42.2
|
Operating Segment Income
|
23,062.9
|
39.0
|
20,744.7
|
38.8
|
11.2
|
Corporate Expenses
|
(901.0)
|
(1.5)
|
(658.2)
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(1.2)
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(36.9)
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Depreciation and Amortization
|
(6,579.3)
|
11.4
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(4,929.6)
|
(9.4)
|
(33.5)
|
Consolidated Operating Income
|
15,582.6
|
26.9
|
15,156.9
|
29.0
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2.8
|
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1 For segment reporting purposes, intersegment operations are included in each of the segment operations.
|
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2 Operating segment income (loss) is defined as segment operating income (loss) before depreciation and amortization, and corporate expenses.
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Television
Broadcasting
|
Fourth-quarter sales increased 2.1% compared with the same period of 2009. Four of the top-five rated shows transmitted in Mexico through broadcast television during the quarter were transmitted and produced by Televisa.
Full-year sales increased 5.5% to Ps.22,750.1 million compared with Ps.21,561.6 million in 2009, which is in line with our guidance for the year. Televisa’s content continued to outperform with the final episode of the novela “Soy tu Dueña” being the highest rated program transmitted in Mexico through broadcast television during the year. Additionally, nine of the top-ten rated shows on over-the-air television in Mexico were transmitted by Televisa. Upfront deposits represented 78.3% of revenues during the year and the remaining were sales in the spot market. This figure compares with 78.9% in 2009.
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|||
Fourth-quarter operating segment income increased 2.8% compared with the same period of 2009, and the margin was 49.9%.
Full-year operating segment income increased 3.8% to Ps.10,714.3 million compared with Ps.10,323.9 million in 2009; the margin was 47.1%. The decrease in margin of 80 basis points was in line with guidance and is primarily explained by the transmission during the year of programs produced around the Soccer World Cup and the soccer matches, which are less profitable than Televisa’s regular programming.
|
||||
Pay Television Networks
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Fourth-quarter sales increased 15.7% compared with the same period of 2009, mainly driven by the success of our pay-TV channels and the growth in pay-TV penetration in Mexico.
Full-year sales increased 15% to Ps.3,146.2 million compared with Ps.2,736.6 million in 2009. The annual increase was achieved in spite of a negative translation effect of foreign-currency-denominated sales; and was driven by higher revenues from channels sold in Mexico as well as higher advertising sales, which represented 22.7% of segment revenue in 2010. As of December 31, 2010, and through our cable and DTH affiliates worldwide, our Pay Television Networks business reached 26 million subscribers. Subscribers abroad carry an average of 3 Televisa pay-TV channels each, meanwhile subscribers in Mexico carry an average of 11.4 Televisa pay-TV channels each. Some of the most successful channels during the year included “Clásico TV” and the 2-hour delayed version of Channel 2. Additionally, during the year, Televisa successfully added to its portfolio of high-definition channels “Golden” and “American Network”, and launched the “TL Novela” channel in Brazil.
|
|||
Fourth-quarter operating segment income increased 27.6% compared with the same period of 2009, and the margin increased to 59.9%, mainly due to the absence of amortization costs related to the transmission of the 2010 Soccer World Cup.
Full-year operating segment income decreased marginally 2.3% to Ps.1,622 million compared with Ps.1,660.4 million in 2009, and the margin was 51.6%. This decrease reflects an increase in cost of sales and operating expenses, driven mainly by investments made in the production and launch of two new channels. In August 2009 we launched our sports pay-TV channel, Televisa Deportes Network (“TDN”), which carried on an exclusive basis ten of the 64 games of the 2010 Soccer World Cup. Additionally, in February 2010 we launched Foro TV, our 24-hours news pay-TV channel, which as of September 2010 is broadcast on our free-to-air channel 4.
|
||||
Programming
Exports
|
Fourth-quarter sales increased 32% compared with the same period of 2009. The royalty from Univision increased 12.6% compared with the fourth quarter in 2009. The rest of the growth was driven by higher revenue abroad, specifically in Brazil.
Full-year sales increased 8% to Ps.3,074.8 million compared with Ps.2,845.9 million in 2009. The annual increase was attributable to i) an increase in royalties from Univision, from US$143 million in 2009 to US$156.1 million in 2010; and ii) higher programming sales mainly in Europe as well as higher revenue from co-productions abroad. This increase was partially offset by a negative translation effect on foreign-currency-denominated sales amounting to Ps.160.2 million.
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|||
Fourth-quarter operating segment income increased 43.5% compared with the same period of 2009, and the margin reached a fourth-quarter record high of 53.8%.
Full-year operating segment income increased 4.6% to Ps.1,503.6 million compared with Ps.1,437.2 million in 2009, and the margin was 48.9%. These results reflect higher sales that were partially offset by higher cost of sales and operating expenses.
|
||||
Publishing
|
Fourth-quarter sales reached the same level of sales as in 2009.
Full-year sales decreased 3.8% to Ps.3,229.6 million compared with Ps.3,356.1 million in 2009. Advertising sales abroad increased, but were impacted by a negative translation effect on foreign-currency-denominated sales which partly explains the decrease in revenue. As part of the restructuring of the business, which included taking some magazines off the market, magazine circulation in Mexico was lower and consequently so was advertising revenue.
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|||
Fourth-quarter operating segment income increased Ps.175.1 million compared with the same period of 2009, and the margin reached 18.7%.
Full-year operating segment income increased 123% to Ps.425.3 million compared with Ps.190.7 million in 2009, and the margin improved to 13.2%. This increase reflects i) lower paper and printing costs in connection with the restructuring process; and ii) lower operating expenses due to nonrecurrent charges such as a decrease in allowances and doubtful accounts.
|
||||
Sky
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Fourth-quarter sales increased 9% compared with the same period of 2009. During the quarter, Sky added a total of 291 thousand subscribers mainly in Mexico.
Full-year sales increased 12.4% to Ps.11,248.2 million compared with Ps.10,005.2 million in 2009. The annual increase was driven by solid growth in the subscriber base in Mexico explained mainly by the success of Sky´s new low-cost offerings. Additionally, Sky transmitted exclusively 24 matches of the 2010 Soccer World Cup and in some packages sold it as a pay-per-view event. As of December 31, 2010, the number of gross active subscribers increased to 3,044,028 (including 149,899 commercial subscribers), compared with 1,959,722 (including 144,326 commercial subscribers) as of December 31, 2009. Sky closed the quarter with more than 145 thousand subscribers in Central America and the Dominican Republic.
|
|||
Fourth-quarter operating segment income increased 11.3% compared with the same period of 2009, and the margin increased to 44.3%, mainly due to the absence of costs amortized related with the exclusive transmission of certain matches of the 2010 Soccer World Cup.
Full-year operating segment income increased 13.3% to Ps.5,074.5 million compared with Ps.4,478.8 million in 2009, and the margin increased to 45.1%. This increase reflects higher sales as well as a reduction in the amount of costs amortized related to the exclusive transmission of certain 2010 World Cup matches. These variances were partially offset by higher operating expenses.
|
||||
Cable and Telecom
|
Fourth-quarter sales increased 19.4% compared with the same period of 2009 driven by the growth in all our cable platforms.
|
|||
Full-year sales increased 27.8% to Ps.11,814.2 million compared with Ps.9,241.8 million in 2009. This increase was attributable to i) the consolidation of Cablevision de Monterrey (“TVI”) starting October 1, 2009, which represented incremental sales of Ps.1,463.5 million; and ii) the addition of more than 356 thousand revenue generating units (RGUs) in Cablevisión and Cablemás during the year driven mainly by the success of our competitive triple-play bundles. During the year, Cablevisión, Cablemás, and Bestel net sales increased 15.7%, 11.3%, and 15.4%, respectively.
The following table sets forth the breakdown of subscribers for each of our three cable and telecom subsidiaries as of December 31, 2010.
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2010
|
Cablevisión
|
Cablemás
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TVI
|
|
Video
|
668,985
|
997,239
|
301,698
|
|
Broadband
|
299,157
|
360,049
|
147,268
|
|
Telephony
|
190,441
|
205,180
|
106,129
|
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RGUs
|
1,158,583
|
1,562,468
|
555,095
|
|
Fourth-quarter operating segment income increased 39% compared with the same period of 2009, and the margin increased to 34.5%. Bestel contributed to the margin expansion by improving the mix of the services sold, decreasing the revenue share of less profitable services such as long distance calls. Excluding Bestel, the margin for the cable operations alone was, on the aggregate, 37.7%, compared with 33.7% during fourth-quarter 2009.
Full-year operating segment income increased 31.5% to Ps.3,907.2 million compared with Ps.2,971.9 million in 2009, and the margin increased to 33.1%. These results reflect continued growth in the cable platforms as well as a positive translation effect on foreign-currency-denominated costs. The margin expansion is mainly explained by the homologation of accounting criteria between TVI and our other cable platforms, resulting in a positive effect in TVI’s margins.
The following table sets forth the breakdown of revenues and operating segment income, excluding consolidation adjustments, for our four cable and telecom subsidiaries for the year.
|
||||
Millions of Mexican pesos
|
Cablevisión
|
Cablemás
|
TVI
|
Bestel
|
|
Revenue(1)
|
3,910.2
|
4,065.2
|
1,854.5
|
2,280.3
|
|
Operating Segment Income(1)
|
1,505.1
|
1,523.2
|
764.4
|
318.0
|
|
Margin
|
38.5%
|
37.5%
|
41.2%
|
13.9%
|
Other Businesses
|
Fourth-quarter sales increased 8.8% compared with the same period of 2009 driven principally by our soccer and gaming businesses. These positive variances were partially offset by lower revenues in our feature-film distribution business.
Full-year sales increased marginally 1.1% to Ps.3,812.3 million compared with Ps.3,771.4 million in 2009. Businesses that performed well include gaming, soccer, and radio. The results of our gaming business were driven by the continued success of the soccer-related lottery game launched in January and the radio business benefited from Soccer World Cup advertising revenues. These favorable variances were offset by the termination of a distribution agreement with Warner Brothers Pictures in December 2009.
|
Fourth-quarter operating segment loss decreased 50.9% compared with the same period of 2009.
Full-year operating segment loss decreased 42.2% to Ps.184 million compared with Ps.318.2 million in 2009, reflecting a reduction in losses in our soccer, gaming, and publishing distribution businesses, as well as an increase in the operating income of our radio business.
|
2010
|
2009
|
Increase
(decrease)
|
|
Interest expense
|
3,615.3
|
3,136.4
|
478.9
|
Interest income
|
(1,047.5)
|
(1,053.4)
|
5.9
|
Foreign exchange loss, net
|
460.8
|
890.3
|
(429.5)
|
Integral cost of financing
|
3,028.6
|
2,973.3
|
55.3
|
Dec 31, 2010
|
Dec 31, 2009
|
Increase
(decrease)
|
|
Current portion of long-term debt
|
1,469.1
|
1,433.0
|
346.1
|
Long-term debt (excluding current portion)
|
46,495.7
|
41,983.2
|
4,512.5
|
Total debt
|
47,964.8
|
43,416.2
|
4,548.6
|
Current portion of long-term capital lease obligations
|
280.1
|
235.3
|
44.8
|
Long-term capital lease obligations (excluding current portion)
|
349.7
|
1,166.5
|
(816.8)
|
Total capital lease obligations
|
629.8
|
1,401.8
|
(772.0)
|
|
(Please see attached tables for financial information and ratings data)
|
|
###
|
Investor Relations:
|
Media Relations:
|
Carlos Madrazo
|
Manuel Compeán
|
María José Cevallos
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Tel: (5255) 5728 3815
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Tel: (5255) 5261-2445
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Fax: (5255) 5728 3632
|
Fax: (5255)5261-2494
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mcompean@televisa.com.mx
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ir@televisa.com.mx
|
http://www.televisa.com
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http://www.televisa.com
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http://www.televisair.com
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|
GRUPO TELEVISA, S.A.B.
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|
December 31,
|
December 31,
|
|||||||
2010
|
2009
|
||||||||
ASSETS
|
(Unaudited)
|
(Audited)
|
|||||||
Current:
|
|||||||||
Cash and cash equivalents
|
Ps. | 20,942.5 | Ps. | 29,941.5 | |||||
Temporary investments
|
10,446.9 | 8,902.3 | |||||||
31,389.4 | 38,843.8 | ||||||||
Trade notes and accounts receivable, net
|
17,701.1 | 18,399.2 | |||||||
Other accounts and notes receivable, net
|
4,180.2 | 3,530.5 | |||||||
Due from affiliated companies
|
196.3 | 135.7 | |||||||
Transmission rights and programming
|
4,004.4 | 4,373.0 | |||||||
Inventories
|
1,254.5 | 1,665.1 | |||||||
Other current assets
|
1,117.8 | 1,435.1 | |||||||
Total current assets
|
59,843.7 | 68,382.4 | |||||||
Derivative financial instruments
|
189.4 | 1,538.7 | |||||||
Transmission rights and programming
|
5,627.6 | 5,915.5 | |||||||
Investments
|
21,477.8 | 6,361.0 | |||||||
Property, plant, and equipment, net
|
38,651.9 | 33,071.5 | |||||||
Intangible assets and deferred charges, net
|
10,600.6 | 11,218.9 | |||||||
Other assets
|
79.6 | 80.4 | |||||||
Total assets
|
Ps. | 136,470.6 | Ps. | 126,568.4 | |||||
|
December 31,
|
December 31,
|
||||||
2010
|
2009
|
|||||||
LIABILITIES
|
(Unaudited)
|
(Audited)
|
||||||
Current:
|
||||||||
Short-term debt and current portion of long-term debt
|
Ps. | 1,469.1 | Ps. | 1,433.0 | ||||
Current portion of capital lease obligations
|
280.1 | 235.3 | ||||||
Trade accounts payable
|
7,472.3 | 6,432.9 | ||||||
Customer deposits and advances
|
18,587.9 | 19,858.3 | ||||||
Taxes payable
|
1,443.9 | 941.0 | ||||||
Accrued interest
|
750.7 | 464.6 | ||||||
Employee benefits
|
199.6 | 200.2 | ||||||
Due to affiliated companies
|
48.8 | 34.2 | ||||||
Other accrued liabilities
|
3,056.6 | 2,577.8 | ||||||
Total current liabilities
|
33,309.0 | 32,177.3 | ||||||
Long-term debt, net of current portion
|
46,495.7 | 41,983.2 | ||||||
Capital lease obligations, net of current portion
|
349.7 | 1,166.5 | ||||||
Derivative financial instruments
|
103.5 | 523.6 | ||||||
Customer deposits and advances
|
495.5 | 1,054.8 | ||||||
Other long-term liabilities
|
2,747.5 | 3,078.4 | ||||||
Deferred income taxes
|
681.8 | 1,765.4 | ||||||
Retirement and termination benefits
|
430.1 | 347.0 | ||||||
Total liabilities
|
84,612.8 | 82,096.2 | ||||||
STOCKHOLDERS’ EQUITY
|
||||||||
Capital stock issued, no par value
|
10,019.9 | 10,019.9 | ||||||
Additional paid-in capital
|
4,547.9 | 4,547.9 | ||||||
14,567.8 | 14,567.8 | |||||||
Retained earnings:
|
||||||||
Legal reserve
|
2,135.4 | 2,135.4 | ||||||
Unappropriated earnings
|
23,583.4 | 17,244.7 | ||||||
Controlling interest net income for the year
|
7,683.4 | 6,007.1 | ||||||
33,402.2 | 25,387.2 | |||||||
Accumulated other comprehensive income, net
|
3,251.1 | 3,401.8 | ||||||
Shares repurchased
|
(6,156.6 | ) | (5,187.0 | ) | ||||
30,496.7 | 23,602.0 | |||||||
Total controlling interest
|
45,064.5 | 38,169.8 | ||||||
Noncontrolling interest
|
6,793.3 | 6,302.4 | ||||||
Total stockholders’ equity
|
51,857.8 | 44,472.2 | ||||||
Total liabilities and stockholders’ equity
|
Ps. | 136,470.6 | Ps. | 126,568.4 | ||||
Three months ended December 31,
|
Twelve months ended December 30,
|
|||||||||||||||
2010
|
2009
|
2010
|
2009
|
|||||||||||||
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
(Audited)
|
|||||||||||||
|
||||||||||||||||
Net sales
|
Ps. | 16,491.1 | Ps. | 15,163.4 | Ps. | 57,856.8 | Ps. | 52,352.5 | ||||||||
|
||||||||||||||||
Cost of sales 1
|
7,304.1 | 6,842.0 | 26,294.8 | 23,768.4 | ||||||||||||
|
||||||||||||||||
Operating expenses:
|
||||||||||||||||
Selling 1
|
1,296.1 | 1,548.4 | 4,797.7 | 4,672.1 | ||||||||||||
Administrative 1
|
1,281.0 | 1,105.5 | 4,602.4 | 3,825.5 | ||||||||||||
Depreciation and amortization
|
1,939.1 | 1,372.4 | 6,579.3 | 4,929.6 | ||||||||||||
Operating income
|
4,670.8 | 4,295.1 | 15,582.6 | 15,156.9 | ||||||||||||
Other expense, net
|
659.1 | 1,408.5 | 567.2 | 1,764.9 | ||||||||||||
Integral cost of financing:
|
||||||||||||||||
Interest expense
|
925.0 | 796.5 | 3,615.3 | 3,136.4 | ||||||||||||
Interest income
|
(306.0 | ) | (272.4 | ) | (1,047.5 | ) | (1,053.4 | ) | ||||||||
Foreign exchange loss, net
|
85.2 | 392.8 | 460.8 | 890.3 | ||||||||||||
704.2 | 916.9 | 3,028.6 | 2,973.3 | |||||||||||||
Equity in losses of affiliates, net
|
(23.7 | ) | (124.6 | ) | (211.9 | ) | (715.3 | ) | ||||||||
Income before income taxes
|
3,283.8 | 1,845.1 | 11,774.9 | 9,703.4 | ||||||||||||
Income taxes
|
565.5 | 880.6 | 3,259.0 | 3,120.7 | ||||||||||||
Consolidated net income
|
2,718.3 | 964.5 | 8,515.9 | 6,582.7 | ||||||||||||
Noncontrolling interest net (income) loss
|
(93.8 | ) | 223.6 | (832.5 | ) | (575.6 | ) | |||||||||
Controlling interest net income
|
Ps. | 2,624.5 | Ps. | 1,188.1 | Ps. | 7,683.4 | Ps. | 6,007.1 | ||||||||
|
||||||||||||||||
1 Excluding depreciation and amortization.
|
||||||||||||||||
Net Sales
|
4Q 2010
|
%
|
4Q 2009
|
%
|
Inc. %
|
Television Broadcasting
|
6,889.4
|
41.1
|
6,746.5
|
43.7
|
2.1
|
Pay Television Networks
|
858.0
|
5.1
|
741.8
|
4.8
|
15.7
|
Programming Exports
|
1,010.2
|
6.0
|
765.4
|
4.9
|
32.0
|
Publishing
|
944.4
|
5.6
|
945.3
|
6.1
|
(0.1)
|
Sky
|
2,874.7
|
17.1
|
2,637.5
|
17.1
|
9.0
|
Cable and Telecom
|
3,171.2
|
18.9
|
2,655.0
|
17.2
|
19.4
|
Other Businesses
|
1,043.8
|
6.2
|
959.4
|
6.2
|
8.8
|
Segment Net Sales
|
16,791.7
|
100.0
|
15,450.9
|
100.0
|
8.7
|
Intersegment Operations1
|
(300.6)
|
(287.5)
|
(4.6)
|
||
Consolidated Net Sales
|
16,491.1
|
15,163.4
|
8.8
|
Operating Segment Income (Loss)2
|
4Q 2010
|
Margin %
|
4Q 2009
|
Margin %
|
Inc. %
|
Television Broadcasting
|
3,438.2
|
49.9
|
3,345.0
|
49.6
|
2.8
|
Pay Television Networks
|
514.2
|
59.9
|
403.0
|
54.3
|
27.6
|
Programming Exports
|
543.9
|
53.8
|
379.1
|
49.5
|
43.5
|
Publishing
|
176.2
|
18.7
|
1.1
|
0.1
|
15,918.2
|
Sky
|
1,273.9
|
44.3
|
1,144.3
|
43.4
|
11.3
|
Cable and Telecom
|
1,094.0
|
34.5
|
787.0
|
29.6
|
39.0
|
Other Businesses
|
(107.1)
|
(10.3)
|
(218.2)
|
(22.7)
|
50.9
|
Operating Segment Income
|
6,933.3
|
41.3
|
5,841.3
|
37.8
|
18.7
|
Corporate Expenses
|
(323.4)
|
(1.9)
|
(173.8)
|
(1.1)
|
(86.1)
|
Depreciation and Amortization
|
(1,939.1)
|
(11.8)
|
(1,372.4)
|
(9.1)
|
(41.3)
|
Consolidated Operating Income
|
4,670.8
|
28.3
|
4,295.1
|
28.3
|
8.7
|
|
1 For segment reporting purposes, intersegment operations are included in each of the segment operations.
|
|
2 Operating segment income (loss) is defined as segment operating income (loss) before depreciation and amortization, and corporate expenses.
|
Jan
|
Feb
|
Mar
|
1Q10
|
Apr
|
May
|
Jun
|
2Q10
|
Jul
|
Aug
|
Sep
|
3Q10
|
Oct
|
Nov
|
Dec
|
4Q10
|
2010
|
|
Channel 2
|
|||||||||||||||||
Rating
|
11
|
11.3
|
11.2
|
11.2
|
11
|
10.5
|
11.2
|
10.9
|
10.5
|
10.7
|
11.1
|
10.8
|
11.2
|
11.5
|
10.5
|
11.0
|
11.0
|
Share (%)
|
30.6
|
31.3
|
30.9
|
30.9
|
31.2
|
29.7
|
30.3
|
30.4
|
29.2
|
29.9
|
30.9
|
30.0
|
32.5
|
32.3
|
31.2
|
32.0
|
30.8
|
Total Televisa(2)
|
|||||||||||||||||
Rating
|
25
|
25.4
|
25.8
|
25.4
|
24.8
|
24.5
|
25.7
|
25.0
|
25.2
|
24.7
|
24.6
|
24.8
|
23.8
|
24.6
|
22.9
|
23.8
|
24.8
|
Share (%)
|
69.8
|
70.6
|
71
|
70.5
|
70.1
|
69.6
|
69.5
|
69.7
|
70
|
69.4
|
68.5
|
69.3
|
69.3
|
69.4
|
68.2
|
69.0
|
69.6
|
Jan
|
Feb
|
Mar
|
1Q10
|
Apr
|
May
|
Jun
|
2Q10
|
Jul
|
Aug
|
Sep
|
3Q10
|
Oct
|
Nov
|
Dec
|
4Q10
|
2010
|
|
Channel 2
|
|||||||||||||||||
Rating
|
15.8
|
17
|
16.9
|
16.6
|
16
|
14.8
|
15.4
|
15.4
|
15.6
|
15.6
|
16.4
|
15.9
|
16.9
|
17.2
|
15.3
|
16.5
|
16.1
|
Share (%)
|
32.2
|
34.2
|
33.8
|
33.4
|
33.6
|
31.4
|
32.4
|
32.5
|
32.4
|
32.4
|
33.1
|
32.6
|
35.5
|
34.7
|
33.6
|
34.6
|
33.3
|
Total Televisa(2)
|
|||||||||||||||||
Rating
|
33.7
|
34.4
|
34.7
|
34.3
|
32.9
|
32
|
32.8
|
32.6
|
32.5
|
32
|
32.8
|
32.4
|
32.3
|
33.4
|
30.5
|
32.1
|
32.8
|
Share (%)
|
68.6
|
69.3
|
69.5
|
69.1
|
69.2
|
68
|
69.2
|
68.8
|
67.6
|
66.4
|
66.5
|
66.8
|
67.7
|
67.7
|
66.8
|
67.4
|
68.0
|
Jan
|
Feb
|
Mar
|
1Q10
|
Apr
|
May
|
Jun
|
2Q10
|
Jul
|
Aug
|
Sep
|
3Q10
|
Oct
|
Nov
|
Dec
|
4Q10
|
2010
|
|
Channel 2
|
|||||||||||||||||
Rating
|
21.9
|
23
|
22.4
|
22.4
|
21.7
|
19.6
|
19.1
|
20.1
|
19.5
|
19.9
|
20.9
|
20.1
|
22.8
|
21.0
|
18.8
|
20.9
|
20.9
|
Share (%)
|
38
|
39
|
38.3
|
38.4
|
39.2
|
36.1
|
35.9
|
37.1
|
36.3
|
36.7
|
38.2
|
37.1
|
41.8
|
38.4
|
36.9
|
39.0
|
37.9
|
Total Televisa(2)
|
|||||||||||||||||
Rating
|
41
|
42.1
|
42.2
|
41.8
|
40.1
|
38
|
37.9
|
38.7
|
37.6
|
37.3
|
37.5
|
37.5
|
39.0
|
38.6
|
34.8
|
37.4
|
38.8
|
Share (%)
|
71.1
|
71.5
|
72
|
71.5
|
72.7
|
70.2
|
71.3
|
71.4
|
69.8
|
68.8
|
68.4
|
69.0
|
71.3
|
70.5
|
68.2
|
70.0
|
70.5
|
GRUPO TELEVISA, S.A.B.
|
|||
(Registrant)
|
|||
Dated: February 25, 2011
|
By:
|
/s/ Jorge Lutteroth Echegoyen
|
|
Name:
|
Jorge Lutteroth Echegoyen
|
||
Title:
|
Controller, Vice President
|