SCHEDULE: Televisa Major Shareholder Sells Ps. 1.9B in Shares

Emilio Fernando Azcarraga Jean completed the sale of Ps. 1.9 billion worth of Grupo Televisa shares to AAN and BGM.

Summary

• Emilio Fernando Azcarraga Jean, the Reporting Person, completed the sale of Acquired Shares to AAN and BGM on April 1, 2026.
• The transaction was executed in exchange for available cash on hand totaling Ps. 1,926,303,610.
• Following the transaction, the Reporting Person beneficially owns an aggregate of 67,417,116,707 shares, representing 19.8% of the class.
• This beneficial ownership includes 30,978,006,365 shares with sole voting and dispositive power, and 36,439,110,342 shares with shared voting power.
• The shares beneficially owned consist of 58,850,673,929 A Shares (49.6% of outstanding A Shares), 2,048,497,186 B Shares (3.7% of outstanding B Shares), 3,258,972,796 D Shares (3.9% of outstanding D Shares), and 3,258,972,796 L Shares (3.9% of outstanding L Shares).
• A significant portion of the shares (36,439,110,342) are subject to Special Voting Rights pursuant to the Transaction Agreement.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a factual update on a significant shareholder's transaction, providing no direct positive or negative operational implications for Grupo Televisa, S.A.B. itself.

Positives

• Reporting Person Emilio Fernando Azcarraga Jean received Ps. 1,926,303,610 in cash from the sale of shares.

Future Outlook

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

Industry Context

StockSavvy.ai notes this filing details a significant change in beneficial ownership by a key individual in Grupo Televisa, S.A.B., a major Mexican media and telecommunications conglomerate. Such transactions by prominent shareholders are closely watched by the market for potential implications on corporate control and strategic direction.

Stakeholder Impact

• Shareholders may react to the change in beneficial ownership by a significant individual, potentially influencing market perception and share price.

Key Dates

Recommendation

The filing details a significant beneficial ownership transaction by a key individual, Emilio Fernando Azcarraga Jean, involving a substantial cash amount. However, it does not provide operational or strategic updates for Grupo Televisa, S.A.B. that would warrant a change in investment thesis. A 'hold' recommendation is appropriate as investors should await further company-specific news or broader market context before making definitive investment decisions based solely on this ownership change.

Keywords

Grupo Televisa, Televisa, Schedule 13D, beneficial ownership, share sale, Emilio Fernando Azcarraga Jean, Mexico, media, telecommunications