Grupo Televisa Issues Statement Regarding Univision Board Action
Grupo Televisa Issues Statement Regarding Univision Board Action
NEW YORK and MEXICO CITY, June 27 /PRNewswire-FirstCall/ -- Grupo Televisa, S.A. ("Televisa"; NYSE: TV; BMV: TLEVISA CPO) is disappointed about the outcome of the Univision auction. Notwithstanding our repeated offers to discuss all aspects of our proposal including price, Univision and its advisers refused to enter into any discussions with us after we submitted our initial bid. Given this action by Univision's board, Televisa has a number of alternatives it is considering.
Moreover, Televisa will vigorously pursue its options to build its potential in the growing U.S. Hispanic marketplace.
Grupo Televisa, S.A., is the largest media company in the Spanish-speaking world and a major participant in the international entertainment business. It has interests in television production and broadcasting, production of pay television networks, international distribution of television programming, direct-to-home satellite services, publishing and publishing distribution, cable television, radio production and broadcasting, professional sports and live entertainment, feature film production and distribution, and the operation of a horizontal internet portal. Grupo Televisa also owns an unconsolidated equity stake in Univision, the leading Spanish-language media company in the United States, and in La Sexta, a free-to-air television venture in Spain.
Televisa Investor Relations Contacts: Media Relations Contacts:
Michel Boyance / Alejandro Eguiluz Manuel Compean
Tel: +52 (55) 5261-2445 Tel: +52 (55) 5728-3815
Fax: +52 (55) 5261-2494 Fax: + 52 (55) 5728-3632
ir@televisa.com.mxmcompean@televisa.com.mx
Lin Wu/Jeremy Fielding/Scott Hynes
Kekst and Company
Tel: +1 (212) 521-4800
Source: Grupo Televisa, S.A.
CONTACT: Televisa Investor Relations Contacts, Michel Boyance or
Alejandro Eguiluz, +52-(55)-5261-2445, Fax: +52-(55)-5261-2494,
ir@televisa.com.mx; Media Relations Contacts, Manuel Compean,
+52-(55)-5728-3815, Fax: +52-(55)-5728-3632, mcompean@televisa.com.mx; Lin Wu,
Jeremy Fielding, Scott Hynes, Kekst and Company, +1-212-521-4800
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