Grupo Televisa SAB (MEX:TLEVISAA)
MXN 0.18 0 (0%) Market Cap: 326.57 Bil Enterprise Value: 397.53 Bil PE Ratio: 0.12 PB Ratio: 0.19 GF Score: 59/100
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Q2 2019 Grupo Televisa SAB Earnings Call Transcript

Jul 09, 2019 / 03:30PM GMT
Release Date Price: MXN0.18
Operator

Good morning, everyone, and welcome to Grupo Televisa's Second Quarter 2019 Conference Call. Before we begin, I would like to draw your attention to the press release, which explains the use of forward-looking statements and applies to everything we discuss in today's call and in the earnings release.

I will now turn the call over to Mr. Alfonso de Angoitia, Co-Chief Executive Officer of Grupo Televisa. Please go ahead, sir.

Alfonso de Angoitia Noriega
Grupo Televisa, S.A.B. - Co-CEO & Director

Thank you, Elsa. Good morning, everyone, and thanks for joining us today. With me are the heads of our 2 key business segments: Salvi Folch, CEO of Cable; Patricio Wills, Head of Televisa Estudios. We will talk -- I'll walk you through the highlight of our 2019 second quarter results. And following our opening remarks, we will answer all your questions.

I will start by addressing the many factors that impacted our second quarter results, particularly as it relates to advertising sales. First, the economy continued to soften. For example, according

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