Grupo Televisa Faces Financial Downturn in 2023

Grupo Televisa, S.A.B. (TV) has released an update.

Grupo Televisa, S.A.B., a major Mexican telecommunications and media company, reported a decrease in revenues and a significant net loss for the full year of 2023, contrasting sharply with the net income of the previous year. The financial results were heavily impacted by the absence of income from discontinued operations related to the TelevisaUnivision transaction, along with a decrease in operating income and other financial variances. Despite these challenges, the company remains focused on growth through strategic investments and exploring new business opportunities.

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