Grupo Televisa SAB (NYSE:TV)
$ 3.34 0.06 (1.83%) Market Cap: 1.85 Bil Enterprise Value: 6.37 Bil PE Ratio: 0.30 PB Ratio: 0.28 GF Score: 71/100

Q2 2019 Grupo Televisa SAB Earnings Call Transcript

Jul 09, 2019 / 03:30PM GMT
Release Date Price: $8.74 (+1.63%)
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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