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Grupo Televisa, S.A.B.

Mexico 路 Market cap: $1.38B 路 P/E: loss 路 P/S: 0.5

Televisa is a Mexican media and telecom company that sells cable TV, internet, phone service, and advertising.

Televisa is Mexico's biggest media company, and it has two very different jobs. One is running the country's largest cable and internet business, selling TV packages, broadband, and phone service to homes and businesses. The other is making television鈥攄ramas, news, sports, and entertainment鈥攁nd selling advertising to companies that want to reach Mexican viewers, plus selling its shows abroad.

In recent years the company has been untangling itself. It merged its television content business with Univision-linked US Hispanic media assets, and it has been selling off smaller pieces to focus on the boring but reliable business of connecting Mexican households to the internet and pay TV. That cable and broadband arm, Izzi, is now the core: it competes with Am茅rica M贸vil's Telmex on internet and phone service, a fight that is tough because Telmex is enormous. The advertising side is cyclical鈥攚hen the economy slows, advertisers cut budgets. Televisa also faces a shifting media landscape: streaming has eaten into traditional TV viewing, so the old model of selling prime-time ads is under pressure. The company has responded by bundling streaming into its cable packages and pushing its own content onto digital platforms.


Televisa's big structural problem is debt and a complicated corporate history, including a controlling family鈥攖he Azc谩rraga family鈥攖hat has long shaped strategy. The company has been selling assets and restructuring to pay down borrowings and simplify its story for investors, but the cable business requires constant capital spending on network upgrades, which eats into free cash flow. It is a company in transition: a former broadcasting giant trying to become a leaner, more focused telecom provider.

Saved answer 路 last researched 12 Nov 2026