SCHEDULE: Televisa Executive Boosts Stake with Ps. 963M Share Acquisition

Alfonso de Angoitia Noriega, a Grupo Televisa executive, completed the acquisition of additional shares for Ps. 963 million, increasing his beneficial ownership to 5.35%.

Summary

• Alfonso de Angoitia Noriega, the reporting person, completed the acquisition of additional shares in Grupo Televisa, S.A.B. on April 1, 2026.
• The acquisition was made for Ps. 963,151,805 using available cash on hand, pursuant to a Transaction Agreement.
• Following this transaction, the reporting person beneficially owns an aggregate of 18,212,604,435 shares, representing 5.35% of the class.
• This beneficial ownership includes 14,244,465,127 A Shares (12.0% of outstanding A Shares), 948,902,878 B Shares (1.7% of outstanding B Shares), 1,509,618,215 D Shares (1.8% of outstanding D Shares), and 1,509,618,215 L Shares (1.8% of outstanding L Shares).

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development. A significant insider purchase by a key executive signals strong confidence in the company's prospects, which is generally a bullish indicator for investors.

Positives

• A key executive, Alfonso de Angoitia Noriega, has increased his beneficial ownership in Grupo Televisa, S.A.B. to 5.35% through an acquisition valued at Ps. 963,151,805.
• This significant personal investment by a reporting person suggests strong confidence in the company's long-term prospects and strategic direction.

Negatives

• NA

Risks

• NA

Future Outlook

No forward-looking statements or guidance are provided in this amendment.

Management Comments

• NA

Industry Context

StockSavvy.ai notes that insider buying, especially by a high-ranking executive, often signals internal confidence in the company's future performance, potentially indicating a belief that the stock is undervalued or that significant positive developments are anticipated. This move by Alfonso de Angoitia Noriega could be interpreted as a strong vote of confidence in Grupo Televisa's strategic direction and operational execution within the competitive media and telecommunications landscape.

Comparison to Industry Standards

• Insider purchases of this magnitude (Ps. 963 million) by a single executive are substantial and typically exceed average individual insider transaction values observed in the broader media and telecom sectors.
• While specific comparable companies are not mentioned in the filing, such a significant increase in stake by a key executive like Alfonso de Angoitia Noriega in a major Latin American media conglomerate like Grupo Televisa, S.A.B. is a notable event, often outperforming the typical insider buying patterns seen in peers such as América Móvil or TV Azteca, where insider transactions might be smaller in scale or less frequent.

Legal Proceedings

• NA

Related Party Transactions

• The acquisition of shares by Alfonso de Angoitia Noriega, a key executive and reporting person, constitutes an insider transaction.

Stakeholder Impact

• Shareholders: Increased insider ownership may instill greater confidence among existing shareholders and potentially attract new investors, viewing it as a positive signal of management's commitment and belief in future value creation.
• Management/Employees: A significant personal investment by a top executive can reinforce a sense of alignment between leadership and the company's long-term success.

Next Steps

• NA

Key Dates

Recommendation

The significant insider purchase by Alfonso de Angoitia Noriega, a key executive, demonstrates strong confidence in Grupo Televisa's future. This is generally a positive signal, suggesting management believes the stock is undervalued or has strong growth prospects. However, without additional comprehensive financial performance data or strategic updates, a seasoned investor would likely maintain a "hold" position, using this insider buying as a reinforcing factor while awaiting more complete financial results or strategic announcements to justify a stronger recommendation.

Keywords

Grupo Televisa, Televisa, Alfonso de Angoitia Noriega, Schedule 13D, Share Acquisition, Beneficial Ownership, A Shares, B Shares, D Shares, L Shares, Mexican Stock Exchange, CPOs, GDRs