Grupo Televisa Announces Results for 3rd Quarter 2016

Grupo Televisa, S.A.B. (NYSE: TV; BMV: TLEVISA CPO) reported third quarter 2016 consolidated net sales and operating segment income grew by 6.6% and 4.1%, respectively, the company said.

Sky revenues and operating segment income grew 12.5% and 8.7%, respectively.

Revenue and operating segment income growth in cable segment were up 11.8% and of 15.8%, respectively.

Televisa is a cable operator in Mexico and a direct-to-home satellite pay television system in Mexico. It distributes the content it produces through several broadcast channels in Mexico and 26 pay-tv brands in Mexico and abroad, and television networks, cable operators and over-the-top or “OTT” services in over 50 countries.