<SEC-DOCUMENT>0000895345-19-000303.txt : 20191030
<SEC-HEADER>0000895345-19-000303.hdr.sgml : 20191030
<ACCEPTANCE-DATETIME>20191029192945
ACCESSION NUMBER:		0000895345-19-000303
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20191024
FILED AS OF DATE:		20191030
DATE AS OF CHANGE:		20191029

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRUPO TELEVISA, S.A.B.
		CENTRAL INDEX KEY:			0000912892
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEVISION BROADCASTING STATIONS [4833]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12610
		FILM NUMBER:		191176744

	BUSINESS ADDRESS:	
		STREET 1:		AV VASCO DE QUIROGA 2000
		STREET 2:		COLONIA SANTA FE
		CITY:			MEXICO, D.F.
		STATE:			O5
		ZIP:			01210
		BUSINESS PHONE:		(5255) 52612000

	MAIL ADDRESS:	
		STREET 1:		AV VASCO DE QUIROGA 2000
		STREET 2:		COLONIA SANTA FE
		CITY:			MEXICO, D.F.
		STATE:			O5
		ZIP:			01210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRUPO TELEVISA S A
		DATE OF NAME CHANGE:	19931202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRUPO TELEVISA S A DE CV
		DATE OF NAME CHANGE:	19931001
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>jw6k3qfinanshort_grupo.htm
<TEXT>
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    <div style="text-align: left; margin-bottom: 2pt;">&#160;</div>
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      <hr noshade="noshade" align="center" style="height: 2px; width: 100%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
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  <div style="text-align: center; margin-top: 4pt;"><font style="font-size: 18pt; font-weight: bold;">UNITED STATES</font></div>
  <div style="text-align: center;"><font style="font-size: 18pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
  <div style="text-align: center;"><font style="font-weight: bold;">Washington, D.C. 20549</font></div>
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    <div style="text-align: center; margin-bottom: 2pt;">&#160;</div>
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  <div style="text-align: center; margin-top: 12pt; margin-bottom: 10pt;"><font style="font-size: 18pt; font-weight: bold;">FORM 6-K</font></div>
  <div>
    <div style="text-align: center; margin-bottom: 2pt;">&#160;</div>
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      <hr noshade="noshade" align="center" style="height: 2px; width: 100%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
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  <div style="text-align: center; margin-top: 12pt;"><font style="font-weight: bold;">REPORT OF FOREIGN ISSUER</font></div>
  <div style="text-align: center;"><font style="font-weight: bold;">PURSUANT TO RULES 13a-16 OR 15d-16</font></div>
  <div style="text-align: center;"><font style="font-weight: bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</font></div>
  <div style="text-align: center; margin-top: 12pt; margin-bottom: 10pt;"><font style="font-weight: bold;">For the month of October, 2019</font></div>
  <div style="text-align: center; margin-top: 12pt; margin-bottom: 10pt;"><font style="font-weight: bold;"> <br>
    </font></div>
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      <hr noshade="noshade" align="center" style="height: 2px; width: 100%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"><font style="font-family: 'Times New Roman',Times,serif;">&#160;</font></div>
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  <div style="text-align: center; margin-top: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 24pt; font-weight: bold;">GRUPO TELEVISA, S.A.B.</font></div>
  <div style="text-align: center;"><font style="font-weight: bold;">(Translation of registrant&#8217;s name into English)</font></div>
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    <div style="text-align: center; margin-bottom: 2pt;">&#160;</div>
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      <hr noshade="noshade" align="center" style="height: 2px; width: 100%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
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  <div style="text-align: center; margin-top: 12pt;"><font style="font-weight: bold;">Av. Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico City, Mexico</font></div>
  <div style="text-align: center;"><font style="font-weight: bold;">(Address of principal executive offices)</font></div>
  <div>
    <div style="text-align: center; margin-bottom: 2pt;">&#160;</div>
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      <hr noshade="noshade" align="center" style="height: 2px; width: 100%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
  </div>
  <div style="text-align: left; margin-top: 12pt;">(Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.)</div>
  <div style="text-align: center; margin-top: 12pt;">Form 20-F &#9746; Form 40-F &#9744; </div>
  <div style="text-align: left; margin-top: 12pt;">(Indicate by check mark whether the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1).)</div>
  <div style="text-align: center; margin-top: 12pt;">Yes &#9744; No &#9746;&#160;</div>
  <div style="text-align: left; margin-top: 12pt;">(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7).)</div>
  <div style="text-align: center; margin-top: 12pt;">Yes &#9744; No &#9746;&#160;&#160;</div>
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    <div style="text-align: left; margin-bottom: 2pt;">&#160;</div>
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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" id="za167822e71e74871aa7235d884348d8f">

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            <div style="text-align: left;"><img width="87" height="71" src="image0.jpg"></div>
            <div>&#160;</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div>
              <div style="text-align: right; font-size: 14pt;">Investor Relations</div>
            </div>
            <div style="text-align: right;"><font style="font-size: 14pt; font-weight: bold;">PRESS RELEASE</font></div>
            <div>&#160;</div>
          </td>
        </tr>

    </table>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 14pt; font-weight: bold;">Televisa Reports Third Quarter 2019 Results</font></div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify; margin-bottom: 6pt;"><font style="font-weight: bold;">Consolidated</font></div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 6pt; width: 100%;" class="DSPFListTable" id="z889da750e1714cc0925bdfbff9fd23d1">

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          <td style="width: 36pt; vertical-align: top; text-align: center;"><font style="font-family: Times New Roman">&#9679;</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-bottom: 6pt; font-family: 'Times New Roman',Times,serif;">
              <div style="margin: 0px 0px 10pt; line-height: 12.55pt; font-family: 'Times New Roman', Times, serif; text-align: left;">Consolidated Sales and Consolidated Operating Segment Income, excluding the non-recurring licensing of certain rights of
                the World Cup in Latin America in 2018, increased 7.3% and 10.8%, respectively.</div>
            </div>
          </td>
        </tr>

    </table>
  </div>
  <div style="text-align: justify; margin-bottom: 6pt;"><font style="font-weight: bold;">Cable</font></div>
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            <div style="text-align: left; margin-left: 18pt; margin-bottom: 6pt;"><font style="font-family: Symbol, serif;"><font style="font-family: Times New Roman">&#9679;</font></font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-bottom: 6pt;">
              <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">Sales and Operating Segment Income grew 14.7%, both, reaching a margin of 42.4%.</div>
            </div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 6pt; width: 100%;" class="DSPFListTable" id="zb71f3e827dbb409cbbb337f1ed33fcda">

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            <div style="text-align: left; margin-left: 18pt; margin-bottom: 6pt;"><font style="font-family: Symbol, serif;"><font style="font-family: Times New Roman">&#9679;</font></font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-bottom: 6pt;">
              <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">Sales and Operating Segment Income in the MSO business grew 16.8% and 16.1%, respectively, adding 126 thousand Revenue Generating Units (&#8220;RGUs&#8221;).</div>
            </div>
          </td>
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    </table>
  </div>
  <div style="text-align: justify; margin-bottom: 6pt;">
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 6pt; width: 100%;" class="DSPFListTable">

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            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="text-align: left; margin-left: 18pt; margin-bottom: 6pt;"><font style="font-family: Symbol, serif;"><font style="font-family: Times New Roman">&#9679;</font></font></div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 6pt;">
                <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">Excluding the Axtel acquisition last year, organic top line growth in the MSO business was 9.7%.</div>
              </div>
            </td>
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    <div> </div>
    <div> </div>
    <font style="font-weight: bold;">Sky</font></div>
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            <div style="text-align: left; margin-left: 18pt; margin-bottom: 6pt;"><font style="font-family: Symbol, serif;"><font style="font-family: Times New Roman">&#9679;</font></font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-bottom: 6pt;">
              <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">Sky added 19 thousand video RGUs. Broadband RGUs reached 319 thousand after the addition of 81 thousand RGUs.</div>
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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 6pt; width: 100%;" class="DSPFListTable" id="zaa0f1d0b7d444217b1e0c85ac8c36c21">

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            <div style="text-align: left; margin-left: 18pt; margin-bottom: 6pt;"><font style="font-family: Symbol, serif;"><font style="font-family: Times New Roman">&#9679;</font></font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-bottom: 6pt;">
              <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">Revenue and Operating Segment Income were negatively impacted by the difficult year-over-year comparison given the loss of video RGUs following the World Cup.</div>
            </div>
          </td>
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  </div>
  <div> </div>
  <div style="text-align: justify; margin-bottom: 6pt;"><font style="font-weight: bold;">Content</font></div>
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            <div style="text-align: left; margin-left: 18pt; margin-bottom: 6pt;"><font style="font-family: Symbol, serif;"><font style="font-family: Times New Roman">&#9679;</font></font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-bottom: 6pt;">
              <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">Our new series &#8220;La Usurpadora&#8221; delivered the highest ratings during the 9:30 p.m. time slot in our flagship channel, since September 2017.</div>
            </div>
          </td>
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            <div style="text-align: left; margin-left: 18pt; margin-bottom: 6pt;"><font style="font-family: Symbol, serif;"><font style="font-family: Times New Roman">&#9679;</font></font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-bottom: 6pt;">
              <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">Content Sales and Operating Segment Income, excluding the non-recurring licensing of certain rights of the World Cup in Latin America in 2018, were relatively flat.</div>
            </div>
          </td>
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  </div>
  <div>
    <div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 6pt; width: 100%;" class="DSPFListTable">

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              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="text-align: left; margin-left: 18pt; margin-bottom: 6pt;"><font style="font-family: Symbol, serif;"><font style="font-family: Times New Roman">&#9679;</font></font></div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; margin-bottom: 6pt;">
                  <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">
                    <div style="line-height: 12.55pt; margin-bottom: 10pt;">Excluding the effect of World Cup, core private sector advertising revenue was up by 5.1%.</div>
                  </div>
                </div>
              </td>
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      </div>
      <div> </div>
      <div> </div>
      <div><br>
      </div>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 100%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
  </div>
  <div><br>
  </div>
  <div style="background-color: #FFFFFF;">
    <div style="background-color: #FFFFFF; line-height: 14.4pt;">
      <div style="text-align: center; line-height: 11.4pt; font-weight: bold;">Earnings Call Date and Time: Friday, October 25, 2019, at 9:00 A.M. ET.</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="text-align: center; line-height: 11.4pt;">Conference ID # is 3277076</div>
      <div style="text-align: center; line-height: 11.4pt;">From the U.S.: +1 (877) 850 2115</div>
      <div style="text-align: center; line-height: 11.4pt;">From Mexico: 01 800 926 9157</div>
      <div style="text-align: center; line-height: 11.4pt;">International callers: +1 (478) 219 0648</div>
      <div style="text-align: center; line-height: 11.4pt;">Rebroadcast: +1 (404) 537-3406</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="text-align: center; line-height: 11.4pt;">The teleconference will be rebroadcast starting at 12:00 ET</div>
    </div>
    <div style="text-align: center; line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">on October 25 and will end at midnight on November 8.</div>
    <div style="text-align: center;"> <br>
    </div>
    <div style="text-align: left;"><font style="font-family: 'Times New Roman',Times,serif;"> <br>
      </font></div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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  </div>
  <div style="text-align: center;"><font style="font-size: 14pt; font-weight: bold;">Consolidated Results</font></div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify; line-height: 12.55pt;"><font style="font-weight: bold;">Mexico City, October 24, 2019</font> &#8212; Grupo Televisa, S.A.B. (NYSE:TV; BMV: TLEVISA CPO; &#8220;Televisa&#8221; or &#8220;the Company&#8221;), today announced results for third-quarter
    2019. The results have been prepared in accordance with International Financial Reporting Standards (&#8220;IFRS&#8221;).</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 10.25pt;">Last year, during third quarter, Content sales and operating segment income benefited by Ps.1,010.1&#160;million and by Ps.593.3 million, respectively, from the non-recurring licensing of certain
    broadcast and digital rights of the World Cup in Latin America in 2018 (the &#8220;non-recurring licensing revenue&#8221;).</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">The following table sets forth consolidated Net Sales and Operating Segment Income for the quarters ended September 30, 2019 and 2018, in millions of Mexican pesos excluding the non-recurring
    licensing revenue:</div>
  <div style="text-align: justify; line-height: 12.55pt;"> <br>
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">
    <table cellspacing="0" cellpadding="0" id="z968cf1cf6f1c4b2d8113003519d369cc" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 48.54%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;" rowspan="2">
            <div style="text-align: center; line-height: 10.25pt; font-weight: bold;">Excluding non-recurring licensing revenue for 3Q&#8217;18</div>
          </td>
          <td style="width: 8.86%; vertical-align: middle; border-left: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;" rowspan="2">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">Margin</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;" rowspan="2">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;18</div>
          </td>
          <td style="width: 9.26%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">Margin</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">Change</div>
          </td>
        </tr>
        <tr>
          <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">%</div>
          </td>
          <td style="width: 9.26%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">%</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.54%; vertical-align: middle; border-right: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt;">Net sales</div>
          </td>
          <td style="width: 8.86%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">25,786.1</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">100.0</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">24,023.1</div>
          </td>
          <td style="width: 9.26%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">100.0</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">7.3</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.54%; vertical-align: middle; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt;">Operating segment income<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
          </td>
          <td style="width: 8.86%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">10,764.4</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">39.6</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">9,714.8</div>
          </td>
          <td style="width: 9.26%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">38.4</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">10.8</div>
          </td>
        </tr>

    </table>
  </div>
  <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1 </sup>The operating segment income margin is calculated as a percentage of segment net sales.
  <div style="text-align: justify;"> <br>
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">Net sales, excluding non-recurring licensing revenue, increased by 7.3% to Ps.25,786.1 million in third-quarter 2019 compared with Ps.24,023.1 million in third-quarter 2018. This increase was mainly
    attributable to revenue growth in the Cable segment. Operating segment income grew 10.8%, reaching Ps.10,764.4 million with a margin of 39.6%.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">The following table sets forth condensed consolidated statements of income for the quarters ended September 30, 2019 and 2018, in millions of Mexican pesos. The table includes the abovementioned
    non-recurring licensing revenue and the results presented are not comparable year-over-year:</div>
  <div><br>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="zba775f1ed26d41e6ba06d9357b69d3e3" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 48.54%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;" rowspan="2">
            <div style="line-height: 10.25pt; font-weight: bold;">&#160;</div>
          </td>
          <td style="width: 8.86%; vertical-align: middle; border-left: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;" rowspan="2">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">Margin</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;" rowspan="2">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;18</div>
          </td>
          <td style="width: 9.26%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">Margin</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">Change</div>
          </td>
        </tr>
        <tr>
          <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">%</div>
          </td>
          <td style="width: 9.26%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">%</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.54%; vertical-align: middle; border-right: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt;">Net sales</div>
          </td>
          <td style="width: 8.86%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">25,786.1</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">100.0</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">25,033.2</div>
          </td>
          <td style="width: 9.26%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">100.0</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">3.0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.54%; vertical-align: middle; border-right: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt;">Net income</div>
          </td>
          <td style="width: 8.86%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">1,158.6</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">4.5</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">1,479.6</div>
          </td>
          <td style="width: 9.26%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">5.9</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">(21.7)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.54%; vertical-align: middle; border-right: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt;">Net income attributable to stockholders of the Company</div>
          </td>
          <td style="width: 8.86%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">755.2</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">2.9</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">978.0</div>
          </td>
          <td style="width: 9.26%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">3.9</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">(22.8)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.54%; vertical-align: middle; border-right: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt;">Segment net sales</div>
          </td>
          <td style="width: 8.86%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">27,202.5</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">100.0</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">26,283.8</div>
          </td>
          <td style="width: 9.26%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">100.0</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">3.5</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.54%; vertical-align: middle; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt;">Operating segment income <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
          </td>
          <td style="width: 8.86%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">10,764.4</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">39.6</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">10,308.1</div>
          </td>
          <td style="width: 9.26%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">39.2</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">4.4</div>
          </td>
        </tr>

    </table>
  </div>
  <div> </div>
  <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1) </sup>The operating segment income margin is calculated as a percentage of segment net sales. </div>
  <div style="text-align: justify;"> <br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">Net income attributable to stockholders of the Company amounted to Ps.755.2 million in third-quarter 2019 compared with&#160; Ps.978.0 million in
      third-quarter 2018. The net decrease of Ps.222.8 million, or 22.8%, reflected (i) a Ps.380.9 million increase in finance expense, net; (ii) a Ps.283.5 million increase in depreciation and amortization; (iii) a Ps.166.7 million decrease in share of
      income of associates and joint ventures, net; and (iv) a Ps.27.3 million increase in income taxes. These unfavorable variances were partially offset by (i) a Ps.494.3 million increase in operating income before depreciation and amortization; (ii) a
      Ps.98.2 million decrease in net income attributable to non-controlling interests; and (iii) a Ps.43.1 million decrease in other expense, net.</div>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div style="text-align: center;"><font style="font-size: 14pt; font-weight: bold;">Third-quarter Results by Business Segment</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">The following table presents third-quarter consolidated results ended September 30, 2019 and 2018, for each of our business segments. Consolidated results for third-quarter 2019
      and 2018 are presented in millions of Mexican pesos.</div>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" border="0" id="z988c29f672384c2db58a520460e73236" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="margin-left: 4pt; line-height: 10.25pt; font-style: italic; font-weight: bold;">Net Sales</div>
          </td>
          <td style="width: 9%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
          </td>
          <td style="width: 11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">%</div>
          </td>
          <td style="width: 11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;18</div>
          </td>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">&#160;%</div>
          </td>
          <td style="width: 11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">Change</div>
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 4pt; line-height: 10.25pt;">Cable</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">10,572.1</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">38.9</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">9,219.9</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">35.1</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">14.7</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 4pt; line-height: 10.25pt;">Sky</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">5,338.3</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">19.6</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">5,407.3</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">20.6</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">(1.3)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 4pt; line-height: 10.25pt;">Content<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">8,659.0</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">31.8</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">8,700.0</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">33.1</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">(0.5)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 4pt; line-height: 10.25pt;">Other Businesses</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">2,633.1</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">9.7</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">1,946.5</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">7.4</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">35.3</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 4pt; line-height: 10.25pt;"><font style="font-weight: bold;">Segment Net Sales</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">27,202.5</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">100.0</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">25,273.7</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">96.2</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">7.6</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 4pt; line-height: 10.25pt;">Intersegment Operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">(1,416.4)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">&#160;</td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">(1,250.6)</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">&#160;</td>
          <td style="width: 11%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 4pt; line-height: 10.25pt;"><font style="font-weight: bold;">Net Sales</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">25,786.1</div>
          </td>
          <td style="width: 11%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 12.55pt;">&#160;</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">24,023.1</div>
          </td>
          <td style="width: 9%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 12.55pt;">&#160;</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">7.3</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 4pt; line-height: 10.25pt;">Non-recurring licensing revenue</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">n/a</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">1,010.1</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">3.8</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">n/a</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 4pt; line-height: 10.25pt; font-weight: bold;">Net Sales</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">25,786.1</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">&#160;</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">25,033.2</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">&#160;</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">3.0</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 10.25pt; margin-bottom: 10pt;"><br style="line-height: 10.25pt;">
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="za98bed1a42554cdd98978a8c3ebfe8f9" style="border-collapse: collapse; width: 100%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; text-indent: 0pt;">

        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 10.25pt; font-style: italic; font-weight: bold;">Operating Segment Income<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup></div>
          </td>
          <td style="width: 9%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
          </td>
          <td style="width: 11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">Margin</div>
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">&#160;%</div>
          </td>
          <td style="width: 11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;18</div>
          </td>
          <td style="width: 9%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">Margin</div>
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">%</div>
          </td>
          <td style="width: 11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">Change</div>
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 3.55pt; line-height: 10.25pt;">Cable</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">4,481.7</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">42.4</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">3,907.5</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">42.4</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">14.7</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 3.55pt; line-height: 10.25pt;">Sky</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">2,399.9</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">45.0</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">2,569.9</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">47.5</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">(6.6)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 3.55pt; line-height: 10.25pt;">Content<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">3,112.3</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">35.9</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">3,110.7</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">35.8</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">0.1</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 3.55pt; line-height: 10.25pt;">Other Businesses</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">770.5</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">29.3</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">126.7</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">6.5</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">508.1</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 3.55pt; line-height: 10.25pt;"><font style="font-weight: bold;">Operating Segment Income</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">10,764.4</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">39.6</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">9,714.8</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">38.4</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">10.8</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" rowspan="1">&#160; Non-recurring licensing income</td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); text-align: right; border-top: 2px solid rgb(0, 0, 0);" rowspan="1">n/a <br>
          </td>
          <td style="width: 11%; vertical-align: middle; text-align: right; border-top: 2px solid rgb(0, 0, 0);" rowspan="1">n/a <br>
          </td>
          <td style="width: 11%; vertical-align: middle; text-align: right; border-top: 2px solid rgb(0, 0, 0);" rowspan="1">593.3 <br>
          </td>
          <td style="width: 9%; vertical-align: middle; text-align: right; border-top: 2px solid rgb(0, 0, 0);" rowspan="1">58.7 <br>
          </td>
          <td style="width: 11%; vertical-align: middle; text-align: right; border-top: 2px solid rgb(0, 0, 0);" rowspan="1">n/a <br>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; width: 100%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; text-indent: 0pt;">

        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 3.55pt; line-height: 10.25pt; font-weight: bold;">Operating Segment Income</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">10,764.4</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">39.6</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">10,308.1</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">39.2</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">4.4</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 3.55pt; line-height: 10.25pt;">Corporate Expenses</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">(436.3)</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">(1.6)</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">(496.0)</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">(1.9)</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">12.0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 3.55pt; line-height: 10.25pt;">Depreciation and Amortization</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">(5,321.3)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">(20.6)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">(5,037.8)</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">(20.1)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">(5.6)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 3.55pt; line-height: 10.25pt;">Other (Expense) Income, net</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">(389.4)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">(1.5)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">(432.5)</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">(1.7)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">10.0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 4pt; line-height: 10.25pt;">Intersegment Operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup></div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt;">(21.7)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">(0.1)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">n/a</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">n/a</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">n/a</div>
          </td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; margin-left: 3.55pt; line-height: 10.25pt; font-weight: bold;">Operating Income</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">4,595.7</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">17.8</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">4,341.8</div>
          </td>
          <td style="width: 9%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">17.3</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">5.8</div>
          </td>
        </tr>

    </table>
    <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup><font style="font-style: italic;">&#160;</font>Excludes the non-recurring licensing revenue. </div>
  <div style="text-align: justify;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> For segment reporting purposes, intersegment operations are included in each of the segment operations.</div>
  <div style="text-align: justify;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup> Operating segment income is defined as operating income before depreciation and amortization, corporate expenses, and other expense, net.</div>
  <div style="text-align: justify;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4 </sup>As a result of IFRS 16 adoption, intersegment operations related to intercompany leases were not eliminated on the Operating Segment Income level as in prior years.</div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 14pt; font-weight: bold;">Cable</font></div>
  <div><br>
  </div>
  <div style="text-align: justify; line-height: 12.55pt;"><font style="font-weight: bold;">Third-quarter sales</font> increased by 14.7% to Ps.10,572.1 million compared with Ps.9,219.9 million in third-quarter 2018 driven by our pricing strategy and the
    increase in our load factor.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">Total revenue generating units reached 12.5 million. Quarterly growth was mainly driven by 18.5 thousand broadband net additions and 149.1 thousand voice net additions. Video RGUs decreased by 42.0
    thousand. Total net additions for the quarter were approximately 125.6 thousand.</div>
  <div><br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 12.55pt;">The following table sets forth the breakdown of RGUs per service type for our Cable segment as of September 30, 2019 and 2018.<br>
    </div>
    <div style="line-height: 12.55pt;"> <br>
    </div>
    <div style="text-align: center; line-height: 12.55pt; font-family: 'Times New Roman',Times,serif;">
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="z7fdaeffa35c544c084b53d1da42bee8c" style="border-collapse: collapse; width: 50%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

          <tr>
            <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">RGUs</div>
            </td>
            <td style="width: 32.01%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
            </td>
            <td style="width: 36.14%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;18</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Video</div>
            </td>
            <td style="width: 32.01%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">4,345,020</div>
            </td>
            <td style="width: 36.14%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">4,281,125</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Broadband</div>
            </td>
            <td style="width: 32.01%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">4,658,764</div>
            </td>
            <td style="width: 36.14%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">4,168,248</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Voice</div>
            </td>
            <td style="width: 32.01%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">3,534,461</div>
            </td>
            <td style="width: 36.14%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">2,519,972</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="line-height: 10.25pt; font-weight: bold;">Total RGUs</div>
            </td>
            <td style="width: 32.01%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">12,538,245</div>
            </td>
            <td style="width: 36.14%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">10,969,345</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 12.55pt;"><br>
    </div>
  </div>
  <font style="font-weight: bold;"> </font>
  <div style="text-align: justify; line-height: 12.55pt;"><font style="font-weight: bold;">Third-quarter operating segment income </font>increased by 14.7% to Ps.4,481.7 million compared with Ps.3,907.5 million in third-quarter 2018. Margin stayed in line
    with same quarter last year.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">The following tables set forth the breakdown of revenues and operating segment income, excluding consolidation adjustments, for our MSO and enterprise operations for third-quarter 2019 and 2018.</div>
  <div><br>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z6b3a9605ef0d4dd88086581a5fdbe5dc" style="border-collapse: collapse; width: 75%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

        <tr>
          <td style="width: 37.6%; vertical-align: top; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="line-height: 10.25pt;"><font style="font-weight: bold; font-style: italic;">MSO Operations</font>&#160;<sup style="font-style: italic; font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
            <div style="line-height: 10.25pt;">Millions of Mexican pesos</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; border-left: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;18</div>
          </td>
          <td style="width: 17.61%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">Change %</div>
          </td>
        </tr>
        <tr>
          <td style="width: 37.6%; vertical-align: bottom; border-right: #000000 2px solid;">
            <div style="line-height: 10.25pt;">Revenue</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; border-left: #000000 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">9,603.8</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">8,220.9</div>
          </td>
          <td style="width: 17.61%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">16.8</div>
          </td>
        </tr>
        <tr>
          <td style="width: 37.6%; vertical-align: bottom; background-color: #FFFFFF; border-right: #000000 2px solid;">
            <div style="line-height: 10.25pt;">Operating Segment Income</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; background-color: #FFFFFF; border-left: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">4,119.7</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 10.25pt;">3,548.5</div>
          </td>
          <td style="width: 17.61%; vertical-align: middle; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 10.25pt;">16.1</div>
          </td>
        </tr>
        <tr>
          <td style="width: 37.6%; vertical-align: bottom; background-color: #FFFFFF; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="line-height: 10.25pt;">Margin (%)</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; background-color: #FFFFFF; border-left: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">42.9</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">43.2</div>
          </td>
          <td style="width: 17.61%; vertical-align: middle; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">&#160;</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 10.25pt;"><br style="line-height: 10.25pt;">
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z09dd15566dae415dba36cf61f7ea7b09" style="border-collapse: collapse; width: 75%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

        <tr>
          <td style="width: 37.6%; vertical-align: top; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="line-height: 10.25pt;"><font style="font-weight: bold; font-style: italic;">Enterprise Operations </font><sup style="font-style: italic; font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
            <div style="line-height: 10.25pt;">Millions of Mexican pesos</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; border-left: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;18</div>
          </td>
          <td style="width: 17.61%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">Change %</div>
          </td>
        </tr>
        <tr>
          <td style="width: 37.6%; vertical-align: bottom; border-right: #000000 2px solid;">
            <div style="line-height: 10.25pt;">Revenue</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; border-left: #000000 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">1,437.7</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">1,358.2</div>
          </td>
          <td style="width: 17.61%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">5.9</div>
          </td>
        </tr>
        <tr>
          <td style="width: 37.6%; vertical-align: bottom; background-color: #FFFFFF; border-right: #000000 2px solid;">
            <div style="line-height: 10.25pt;">Operating Segment Income</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; background-color: #FFFFFF; border-left: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">504.0</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 10.25pt;">492.3</div>
          </td>
          <td style="width: 17.61%; vertical-align: middle; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 10.25pt;">2.4</div>
          </td>
        </tr>
        <tr>
          <td style="width: 37.6%; vertical-align: bottom; background-color: #FFFFFF; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="line-height: 10.25pt;">Margin (%)</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; background-color: #FFFFFF; border-left: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">35.1</div>
          </td>
          <td style="width: 22.39%; vertical-align: middle; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">36.2</div>
          </td>
          <td style="width: 17.61%; vertical-align: middle; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">&#160;</div>
          </td>
        </tr>

    </table>
  </div>
  <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 75%; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify;">

      <tr>
        <td rowspan="1" style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255); text-align: left;">&#160;<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></td>
        <td rowspan="1" style="width: 44%; vertical-align: middle; background-color: rgb(255, 255, 255);">
          <div style="text-align: left;">
            <div style="text-align: justify; line-height: 9.1pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">
              <div style="line-height: 11.4pt; margin-bottom: 10pt;">These results do not include consolidation adjustments of Ps.469.4 million in revenues nor Ps.142.0 million in Operating Segment Income for third quarter 2019, neither the consolidation
                adjustments of Ps.359.2 million in revenues nor Ps.133.3 million in Operating Segment Income for third quarter 2018. Consolidation adjustments are considered in the consolidated results of the Cable segment.</div>
            </div>
          </div>
          &#160;&#160; <br>
        </td>
      </tr>

  </table>
  <div>
    <div><br>
    </div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">Third-quarter operating segment income in our MSO operations increased by 16.1%, reaching a margin of 42.9%. Consolidated Sales and Consolidated Operating Segment Income in our
      Enterprise Operations increased by 5.9% and 2.4%, respectively.</div>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 14pt; font-weight: bold;">Sky</font></div>
  <div><br>
  </div>
  <div style="text-align: justify; line-height: 12.55pt;"><font style="font-weight: bold;">Third-quarter sales</font> decreased by 1.3% to Ps.5,338.3 million compared with Ps.5,407.3 million in third-quarter 2018. This is mainly explained by a lower number
    video RGUs given the disconnections that followed Sky&#8217;s transmission of the Soccer World Cup in 2018.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">During the quarter, Sky continued growing in video RGUs adding 19.0 thousand, and also kept on growing its broadband business after adding 80.6 thousand broadband RGUs. It reached a total of 319.0
    thousand broadband RGUs.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">Sky ended the quarter with 7.7 million video and broadband RGUs, of which 166,173 were video RGUs in Central America and the Dominican Republic.</div>
  <div><br>
  </div>
  <div style="text-align: justify;"> <br>
  </div>
  <div style="text-align: justify;"> <br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div style="text-align: justify;"> <br>
  </div>
  <div style="text-align: justify;">
    <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">The following table sets forth the breakdown of RGUs per service type for Sky as of September 30, 2019 and 2018.</div>
    <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="z8985d935a35c4897969b2dd4aba967bb" style="border-collapse: collapse; width: 50%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

          <tr>
            <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="line-height: 10.25pt; font-style: italic; font-weight: bold;">RGUs</div>
            </td>
            <td style="width: 32.01%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
            </td>
            <td style="width: 36.14%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;18</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Video</div>
            </td>
            <td style="width: 32.01%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">7,412,728</div>
            </td>
            <td style="width: 36.14%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">7,835,657</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Broadband</div>
            </td>
            <td style="width: 32.01%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">318,977</div>
            </td>
            <td style="width: 36.14%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">51,246</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Voice</div>
            </td>
            <td style="width: 32.01%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">1,252</div>
            </td>
            <td style="width: 36.14%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">n/a</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="line-height: 10.25pt; font-weight: bold;">Total RGUs</div>
            </td>
            <td style="width: 32.01%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">7,732,957</div>
            </td>
            <td style="width: 36.14%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">7,886,903</div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="text-align: justify;"> <br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;"><font style="font-weight: bold;">Third-quarter operating segment income</font> decreased 6.6% to Ps.2,399.9 million compared with Ps.2,569.9 million in
      third-quarter 2018. The margin was 45.0%.</div>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 14pt; font-weight: bold;">Content</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">Excluding the non-recurring licensing revenue<font style="font-weight: bold;">, third-quarter sales </font>decreased by 0.5% to Ps.8,659.0 million
      compared with Ps.8,700.0 million in third-quarter 2018. <font style="font-weight: bold;">Third-quarter sales, </font>including 2018 non-recurring licensing revenue, declined 10.8%.</div>
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="zc7adb2bd4a0f47be9076b110b5f1a905" style="border-collapse: collapse; width: 75%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

          <tr>
            <td style="width: 38.54%; vertical-align: top; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Millions of Mexican pesos</div>
            </td>
            <td style="width: 14.47%; vertical-align: top; border-left: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
            </td>
            <td style="width: 10.48%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">%</div>
            </td>
            <td style="width: 14.48%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;18</div>
            </td>
            <td style="width: 10.32%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">%</div>
            </td>
            <td style="width: 11.72%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">Change %</div>
            </td>
          </tr>
          <tr>
            <td style="width: 38.54%; vertical-align: top; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Advertising</div>
            </td>
            <td style="width: 14.47%; vertical-align: middle; border-left: #000000 2px solid; border-top: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt;">4,786.6</div>
            </td>
            <td style="width: 10.48%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt;">55.3</div>
            </td>
            <td style="width: 14.48%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt;">5,051.2</div>
            </td>
            <td style="width: 10.32%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt;">58.1</div>
            </td>
            <td style="width: 11.72%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt;">(5.2)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 38.54%; vertical-align: top; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Network Subscription</div>
            </td>
            <td style="width: 14.47%; vertical-align: middle; border-left: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt;">1,238.9</div>
            </td>
            <td style="width: 10.48%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">14.3</div>
            </td>
            <td style="width: 14.48%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">1,182.8</div>
            </td>
            <td style="width: 10.32%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">13.6</div>
            </td>
            <td style="width: 11.72%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">4.7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 38.54%; vertical-align: top; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Licensing and Syndication</div>
            </td>
            <td style="width: 14.47%; vertical-align: middle; border-left: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt;">2,633.5</div>
            </td>
            <td style="width: 10.48%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">30.4</div>
            </td>
            <td style="width: 14.48%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">2,466.0</div>
            </td>
            <td style="width: 10.32%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">28.3</div>
            </td>
            <td style="width: 11.72%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">6.8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 38.54%; vertical-align: top; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt; font-weight: bold;">Net Sales</div>
            </td>
            <td style="width: 14.47%; vertical-align: middle; border-left: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">8,659.0</div>
            </td>
            <td style="width: 10.48%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">100.0</div>
            </td>
            <td style="width: 14.48%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">8,700.0</div>
            </td>
            <td style="width: 10.32%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">100.0</div>
            </td>
            <td style="width: 11.72%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">(0.5)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 38.54%; vertical-align: top; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Non-recurring licensing revenue</div>
            </td>
            <td style="width: 14.47%; vertical-align: middle; border-left: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt;">n/a</div>
            </td>
            <td style="width: 10.48%; vertical-align: middle;">&#160;</td>
            <td style="width: 14.48%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">1,010.1</div>
            </td>
            <td style="width: 10.32%; vertical-align: middle;">&#160;</td>
            <td style="width: 11.72%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt;">n/a</div>
            </td>
          </tr>
          <tr>
            <td style="width: 38.54%; vertical-align: top; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="line-height: 10.25pt; font-weight: bold;">Net Sales</div>
            </td>
            <td style="width: 14.47%; vertical-align: middle; border-left: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">8,659.0</div>
            </td>
            <td style="width: 10.48%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt;">&#160;</div>
            </td>
            <td style="width: 14.48%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">9,710.1</div>
            </td>
            <td style="width: 10.32%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt;">&#160;</div>
            </td>
            <td style="width: 11.72%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">(10.8)</div>
            </td>
          </tr>

      </table>
    </div>
    <u>Advertising</u></div>
  <div><br>
  </div>
  <div style="text-align: justify; line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">Third-quarter advertising sales decreased by 5.2% to Ps.4,786.6 million compared with Ps.5,051.2 million in third-quarter 2018. The
    decline was mostly driven by lower government advertising revenue. Private sector advertising grew 1.3%, including the transmission of the World Cup last year. Excluding the effect of the World Cup, core private sector advertising revenue was up by
    5.1%.</div>
  <div style="text-align: left;"><u>Network Subscription</u></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">Third-quarter Network Subscription revenues increased by 4.7% to Ps.1,238.9 million compared with Ps.1,182.8 million in third-quarter 2018.</div>
  </div>
  <div style="text-align: justify;"><u>Licensing and Syndication</u></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">Third-quarter Licensing and Syndication sales increased by 6.8% to Ps.2,633.5 million from Ps.2,466.0 million in third-quarter 2018. Royalties from
      Univision increased 2.7%, reaching U.S.$100.2 million dollars in third-quarter 2019 compared to U.S.$97.6 million dollars in third-quarter 2018.</div>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;"><font style="font-weight: bold;">Third-quarter operating segment income,</font> excluding the non-recurring licensing revenue, increased by 0.1% to
      Ps.3,112.3 million compared with Ps.3,110.7 million in third-quarter 2018. The margin was 35.9%, in line with third-quarter 2018.</div>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 14pt; font-weight: bold;">Other Businesses</font></div>
  <div><br>
  </div>
  <div style="text-align: justify; line-height: 12.55pt;"><font style="font-weight: bold;">Third-quarter sales </font>increased by 35.3% to Ps.2,633.1 million compared with Ps.1,946.5 million in third-quarter 2018. The increase is mainly explained by
    non-recurring soccer revenue and by growth in our gaming business, partially compensated by the publishing business.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt;"><font style="font-weight: bold;">Third-quarter operating segment income</font> increased by 508.1% to Ps.770.5 million compared with Ps.126.7 million in third-quarter 2018. The increase was mainly
    explained by the abovementioned non-recurrent soccer revenue and growth in our gaming business, mainly compensated by the publishing business.</div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-weight: bold;">Corporate Expense</font></div>
  <div><br>
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">Corporate expense decreased by Ps.59.7 million, or 12.0%, to Ps.436.3 million in third-quarter 2019, from Ps.496.0 million in third-quarter 2018. Corporate expense reflected primarily a share-based
    compensation expense.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">Share-based compensation expense in third quarter 2019 and 2018 amounted to Ps.251.8 million and Ps.317.2 million, respectively, and was accounted for as corporate expense. Share-based compensation
    expense is measured at fair value at the time the equity benefits are conditionally sold to officers and employees and is recognized over the vesting period.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">Some of our outstanding awards&#160;("Awards") under Televisa's Long-Term Retention Plan (the "Plan") currently have purchase prices that greatly exceed the current market price of the underlying CPOs or
    CPO equivalents.&#160;In order to provide long-term incentives, align our officers' and employees' interests with those of our stockholders and retain officers and employees, the Board of Directors, with the favorable opinion of the Corporate Practices
    Committee, which oversees executive compensation, has authorized Televisa to terminate certain Awards, subject to the consent of their respective holders, and to substitute it with an award for half the number of CPOs or CPO equivalents that were
    terminated, with an initial price to be based on market price on the date hereof, subject to potential upward adjustments. This action could terminate Awards for up to 82 million CPO equivalents in the aggregate.&#160;This will represent a non-cash cost for
    the Company of up to the equivalent of approximately U.S.$30 million dollars in the aggregate over a period of three years.</div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-weight: bold;">Other Expense, Net</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">Other expense, net, decreased by Ps.43.1 million, or 10.0%, to Ps.389.4 million in third-quarter 2019, from Ps.432.5 million in third-quarter 2018. This
      decrease reflected&#160; primarily a lower non-recurrent severance expense in connection with dismissal of personnel in our Content segment, as well as the absence of a loss on disposition of investments, which was partially offset by an increase in other
      expense related to legal and financial advisory professional services, as well as a higher loss on disposition of property and equipment.</div>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify; line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">The following table sets forth the breakdown of cash and non-cash other expense, net, stated in millions of Mexican pesos, for the
    three months ended September 30, 2019 and 2018.</div>
  <div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z4b2a9978d99d41c5ac317c9b45e550a4" style="border-collapse: collapse; width: 50%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

        <tr>
          <td style="width: 42.86%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="line-height: 10.25pt; font-style: italic; font-weight: bold;">Other expense, net</div>
          </td>
          <td style="width: 23.8%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
          </td>
          <td style="width: 33.34%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;18</div>
          </td>
        </tr>
        <tr>
          <td style="width: 42.86%; vertical-align: middle; border-right: #000000 2px solid;">
            <div style="line-height: 10.25pt;">Cash expenses, net</div>
          </td>
          <td style="width: 23.8%; vertical-align: top;">
            <div style="text-align: right; line-height: 10.25pt;">183.9</div>
          </td>
          <td style="width: 33.34%; vertical-align: top;">
            <div style="text-align: right; line-height: 10.25pt;">245.2</div>
          </td>
        </tr>
        <tr>
          <td style="width: 42.86%; vertical-align: middle; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="line-height: 10.25pt;">Non-cash expenses, net</div>
          </td>
          <td style="width: 23.8%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">205.5</div>
          </td>
          <td style="width: 33.34%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">187.3</div>
          </td>
        </tr>
        <tr>
          <td style="width: 42.86%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="line-height: 10.25pt; font-weight: bold;">Total</div>
          </td>
          <td style="width: 23.8%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">389.4</div>
          </td>
          <td style="width: 33.34%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">432.5</div>
          </td>
        </tr>

    </table>
  </div>
  <br>
  <div style="text-align: left;"><font style="font-weight: bold;">Finance Expense, Net</font></div>
  <div><br>
  </div>
  <div style="text-align: justify; margin-right: 2.15pt;">
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">The following table sets forth finance (expense) income, net, stated in millions of Mexican pesos for the quarters ended September 30, 2019 and 2018.</div>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="ze1e68f2f07b44186ab1c10a0ae7f108e" style="border-collapse: collapse; width: 75%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

        <tr>
          <td style="width: 52.46%; vertical-align: top; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 14.97%; vertical-align: top; border-left: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
          </td>
          <td style="width: 16.75%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;18</div>
          </td>
          <td style="width: 15.82%; vertical-align: top; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">(Increase)</div>
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">Decrease</div>
          </td>
        </tr>
        <tr>
          <td style="width: 52.46%; vertical-align: top; border-right: #000000 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt;">Interest expense</div>
          </td>
          <td style="width: 14.97%; vertical-align: top; border-left: #000000 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">(2,861.5)</div>
          </td>
          <td style="width: 16.75%; vertical-align: top; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">(2,395.1)</div>
          </td>
          <td style="width: 15.82%; vertical-align: top; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">(466.4)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 52.46%; vertical-align: top; border-right: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt;">Interest income</div>
          </td>
          <td style="width: 14.97%; vertical-align: top; border-left: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">565.4</div>
          </td>
          <td style="width: 16.75%; vertical-align: top;">
            <div style="text-align: right; line-height: 10.25pt;">419.3</div>
          </td>
          <td style="width: 15.82%; vertical-align: top;">
            <div style="text-align: right; line-height: 10.25pt;">146.1</div>
          </td>
        </tr>
        <tr>
          <td style="width: 52.46%; vertical-align: top; border-right: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt;">Foreign exchange (loss) gain, net</div>
          </td>
          <td style="width: 14.97%; vertical-align: top; border-left: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">(929.5)</div>
          </td>
          <td style="width: 16.75%; vertical-align: top;">
            <div style="text-align: right; line-height: 10.25pt;">17.0</div>
          </td>
          <td style="width: 15.82%; vertical-align: top;">
            <div style="text-align: right; line-height: 10.25pt;">(946.5)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 52.46%; vertical-align: top; border-right: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt;">Other finance income (expense), net</div>
          </td>
          <td style="width: 14.97%; vertical-align: top; border-left: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">355.4</div>
          </td>
          <td style="width: 16.75%; vertical-align: top;">
            <div style="text-align: right; line-height: 10.25pt;">(530.5)</div>
          </td>
          <td style="width: 15.82%; vertical-align: top;">
            <div style="text-align: right; line-height: 10.25pt;">885.9</div>
          </td>
        </tr>
        <tr>
          <td style="width: 52.46%; vertical-align: top; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt; font-weight: bold;">Finance expense, net</div>
          </td>
          <td style="width: 14.97%; vertical-align: top; border-left: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">(2,870.2)</div>
          </td>
          <td style="width: 16.75%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">(2,489.3)</div>
          </td>
          <td style="width: 15.82%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">(380.9)</div>
          </td>
        </tr>

    </table>
  </div>
  <br>
  <div style="text-align: justify; margin-right: 2.25pt;">
    <div style="margin-right: 2.15pt; line-height: 12.55pt;">The finance expense, net, increased by Ps.380.9 million, or 15.3%, to Ps.2,870.2 million in third-quarter 2019 from Ps.2,489.3 million in third-quarter 2018.</div>
    <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
    </div>
    <div style="margin-right: 2.15pt; line-height: 12.55pt;">This increase reflected</div>
  </div>
  <div><br>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zb08602fc21bc4083ad8a2b32f23619ce">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt;">I.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify;">
              <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">a Ps.946.5 million unfavorable change in foreign exchange gain or loss, net, resulting primarily from a 2.9% depreciation of the Mexican peso
                against the U.S. dollar in comparison to a 5.7% appreciation in third-quarter 2018, on a higher average net U.S. dollar liability position in third-quarter 2019; and</div>
            </div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z9f9b69ec0e574656ad2711c8a8ab9f45">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt;">II.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify;">
              <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">a Ps.466.4 million increase in interest expense, primarily due to a higher average principal amount of debt in third-quarter 2019, as well as
                a Ps.106.8 million interest expense related to lease liabilities recognized on January 1, 2019, in connection with the adoption of IFRS 16 <font style="font-style: italic;">Leases</font>, which became effective on that date.</div>
            </div>
          </td>
        </tr>

    </table>
  </div>
  <div> </div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">These unfavorable variances were partially offset by (i) a Ps.146.1 million increase in interest income explained primarily by a higher average amount
      of Mexican peso cash equivalents in third-quarter 2019, as well as higher interest rates applicable in such quarter; and (ii) a favorable change of Ps.885.9 million in other finance income or expense, net, resulting primarily from a net gain in fair
      value of our derivative contracts in third-quarter 2019.</div>
  </div>
  <div><br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-weight: bold;">Share of Income of Associates and Joint Ventures, Net</font></div>
  <div><br>
  </div>
  <div style="text-align: justify; margin-right: 2.15pt; line-height: 12.55pt;">Share of income of associates and joint ventures, net, decreased by Ps.166.7 million, or 51.0%, to Ps.159.9 million in third-quarter 2019 from Ps.326.6 million in third-quarter
    2018. This decrease reflected mainly:</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="zc2e45896becb4e268d3b50cc72fceab7" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="margin-left: 18pt; line-height: 12.55pt;">I.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12.55pt;">the absence of share of income of Ocesa Entretenimiento, S.A. de C.V. (&#8220;OCEN&#8221;), a live entertainment company with operations in Mexico, Central America and Colombia, where we maintain a
              40% stake, as we classified this investment as held for sale as of July 31, 2019, and discontinued the recognition of share of income of OCEN beginning on August 1, 2019, in connection with an agreement to dispose of this associate, subject
              to certain customary closing conditions; and</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z64518a677a0d49f4ae6cbcf83116ce07" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="margin-left: 18pt; line-height: 12.55pt;">II.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12.55pt;">a lower share of income of Univision Holdings, Inc. (&#8220;UHI&#8221;), the controlling company of Univision Communications Inc.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; margin-right: 2.15pt; line-height: 12.55pt;">Share of income of associates and joint ventures, net, for the third-quarter 2019, includes primarily our share of income of UHI.</div>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-weight: bold;">Income Taxes</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">Income taxes increased by Ps.27.3 million, or 3.9%, to Ps.726.8 million in third-quarter 2019 compared with Ps.699.5 million in third-quarter 2018. This
      increase reflected primarily a higher effective income tax rate.</div>
  </div>
  <div style="text-align: left;"><font style="font-weight: bold;">Net Income Attributable to Non-controlling Interests</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">Net income attributable to non-controlling interests decreased by Ps.98.2 million, or&#160; 19.6%, to Ps.403.4 million in third-quarter 2019, compared with
      Ps.501.6 million in third-quarter 2018. This decrease reflected primarily a lower portion of net income attributable to non-controlling interests in our Cable and Sky segments.</div>
  </div>
  <div style="text-align: left;"><font style="font-weight: bold;">Capital Expenditures</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">During third-quarter 2019, we invested approximately U.S.$250.9 million dollars in property, plant and equipment as capital expenditures. The following
      table sets forth the breakdown of capital expenditures for third-quarter 2019 and 2018.</div>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="zbb89e99390874d4b95ba050a223eefea" style="border-collapse: collapse; width: 50%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

        <tr>
          <td style="width: 47.42%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center; line-height: 10.25pt; font-weight: bold;">Capital Expenditures</div>
            <div style="text-align: center; line-height: 10.25pt;">Millions of U.S. Dollars</div>
          </td>
          <td style="width: 24.81%; vertical-align: middle; border-left: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
          </td>
          <td style="width: 27.77%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">3Q&#8217;18</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.42%; vertical-align: top; border-right: #000000 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt;">Cable</div>
          </td>
          <td style="width: 24.81%; vertical-align: top; border-left: #000000 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">178.1</div>
          </td>
          <td style="width: 27.77%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">207.6</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.42%; vertical-align: top; border-right: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt;">Sky</div>
          </td>
          <td style="width: 24.81%; vertical-align: top; border-left: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">50.5</div>
          </td>
          <td style="width: 27.77%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">45.3</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.42%; vertical-align: top; border-right: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt;">Content and Other Businesses</div>
          </td>
          <td style="width: 24.81%; vertical-align: top; border-left: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt;">22.3</div>
          </td>
          <td style="width: 27.77%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt;">36.7</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.42%; vertical-align: top; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: justify; line-height: 10.25pt; font-weight: bold;">Total</div>
          </td>
          <td style="width: 24.81%; vertical-align: top; border-left: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">250.9</div>
          </td>
          <td style="width: 27.77%; vertical-align: middle; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-weight: bold;">289.6</div>
          </td>
        </tr>

    </table>
  </div>
  <div><br>
  </div>
  <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">For the full year, we are maintaining our guidance of approximately one billion U.S. dollars of capital expenditures in property, plant and equipment.</div>
  <div style="text-align: justify; line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;"> <br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-weight: bold;">Debt, Lease Liabilities and Other Notes Payable</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">The following table sets forth our total consolidated debt, lease liabilities and other notes payable as of September 30, 2019 and December 31, 2018.
      Amounts are stated in millions of Mexican pesos.</div>
    <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">
      <table cellspacing="0" cellpadding="0" id="z8536294503c34f2fa82bcb4a28cdb3fe" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 52.04%; vertical-align: top; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 16.27%; vertical-align: middle; border-left: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">September 30, 2019</div>
            </td>
            <td style="width: 16.32%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">December 31, 2018</div>
            </td>
            <td style="width: 15.37%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">Increase</div>
              <div style="text-align: right; line-height: 10.25pt; font-style: italic; font-weight: bold;">(Decrease)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 52.04%; vertical-align: middle; border-right: #000000 2px solid; border-top: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Current portion of long-term debt</div>
            </td>
            <td style="width: 16.27%; vertical-align: middle; border-left: #000000 2px solid; border-top: #000000 2px solid;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">10,484.4</div>
            </td>
            <td style="width: 16.32%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">988.4</div>
            </td>
            <td style="width: 15.37%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">9,496.0</div>
            </td>
          </tr>
          <tr>
            <td style="width: 52.04%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Long-term debt, net of current portion</div>
            </td>
            <td style="width: 16.27%; vertical-align: middle; border-left: #000000 2px solid;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">124,283.3</div>
            </td>
            <td style="width: 16.32%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">120,983.6</div>
            </td>
            <td style="width: 15.37%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">3,299.7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 52.04%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="margin-left: 22.05pt; line-height: 10.25pt; font-weight: bold;">Total debt <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
            </td>
            <td style="width: 16.27%; vertical-align: middle; border-left: #000000 2px solid;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt; font-weight: bold;">134,767.7</div>
            </td>
            <td style="width: 16.32%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt; font-weight: bold;">121,972.0</div>
            </td>
            <td style="width: 15.37%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt; font-weight: bold;">12,795.7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 52.04%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Current portion of long-term lease liabilities</div>
            </td>
            <td style="width: 16.27%; vertical-align: middle; border-left: #000000 2px solid;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">1,213.8</div>
            </td>
            <td style="width: 16.32%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">651.8</div>
            </td>
            <td style="width: 15.37%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">562.0</div>
            </td>
          </tr>
          <tr>
            <td style="width: 52.04%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Long-term lease liabilities, net of current portion</div>
            </td>
            <td style="width: 16.27%; vertical-align: middle; border-left: #000000 2px solid;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">8,442.8</div>
            </td>
            <td style="width: 16.32%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">4,666.1</div>
            </td>
            <td style="width: 15.37%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">3,776.7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 52.04%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="text-align: justify; margin-left: 22.05pt; line-height: 10.25pt; font-weight: bold;">Total lease liabilities</div>
            </td>
            <td style="width: 16.27%; vertical-align: middle; border-left: #000000 2px solid;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt; font-weight: bold;">9,656.6</div>
            </td>
            <td style="width: 16.32%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt; font-weight: bold;">5,317.9</div>
            </td>
            <td style="width: 15.37%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt; font-weight: bold;">4,338.7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 52.04%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Current portion of other notes payable</div>
            </td>
            <td style="width: 16.27%; vertical-align: middle; border-left: #000000 2px solid;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">1,315.2</div>
            </td>
            <td style="width: 16.32%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">1,288.4</div>
            </td>
            <td style="width: 15.37%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">26.8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 52.04%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="line-height: 10.25pt;">Other notes payable, net of current portion</div>
            </td>
            <td style="width: 16.27%; vertical-align: middle; border-left: #000000 2px solid;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">-</div>
            </td>
            <td style="width: 16.32%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">1,288.4</div>
            </td>
            <td style="width: 15.37%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt;">(1,288.4)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 52.04%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="margin-left: 22.05pt; line-height: 10.25pt; font-weight: bold;">Total other notes payable<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
            </td>
            <td style="width: 16.27%; vertical-align: middle; border-left: #000000 2px solid;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt; font-weight: bold;">1,315.2</div>
            </td>
            <td style="width: 16.32%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt; font-weight: bold;">2,576.8</div>
            </td>
            <td style="width: 15.37%; vertical-align: middle;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt; font-weight: bold;">(1,261.6)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 52.04%; vertical-align: middle; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="margin-left: 22.05pt; line-height: 10.25pt; font-weight: bold;">Total debt, lease liabilities and other notes payable</div>
            </td>
            <td style="width: 16.27%; vertical-align: middle; border-left: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt; font-weight: bold;">145,739.5</div>
            </td>
            <td style="width: 16.32%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt; font-weight: bold;">129,866.7</div>
            </td>
            <td style="width: 15.37%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; margin-left: 22.5pt; line-height: 10.25pt; font-weight: bold;">15,872.8</div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="text-align: justify;"><font style="font-weight: normal;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></font> As of September 30, 2019 and December 31, 2018, total debt is presented net of finance costs in the amount of Ps.1,478.6 million and Ps.1,152.7 million,
    respectively, and does not include related accrued interest payable in the amount of Ps. 2,240.2 million and Ps.1,120.0 million, respectively. On October 3, 2019, we prepaid all of the outstanding Notes due 2020, in the principal amount of Ps.10,000.0
    million. Accordingly, we classified this debt as current as of September 30, 2019, net of related finance costs, in the amount of Ps.9,992.4 million.</div>
  <div style="text-align: justify;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> Notes payable issued in 2016 in connection with the acquisition of a non-controlling interest in Televisi&#243;n Internacional, S.A. de C.V., one of our Cable segment subsidiaries.</div>
  <div><br>
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">In July 2019, we announced that we executed a credit agreement for a five-year term in the principal amount of Ps.10,000 million, which was funded by a syndicate of banks. This loan was primarily
    used for refinancing of existing indebtedness.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">In July 2019, we prepaid all of the outstanding Notes (&#8220;Certificados Burs&#225;tiles&#8221;) due 2021 and 2022, in the aggregate principal amount of Ps.11,000 million. Also, in October 2019, we prepaid all of
    the outstanding Notes (&#8220;Certificados Burs&#225;tiles&#8221;) due 2020, in the aggregate principal amount of Ps.10,000 million.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">As of September 30, 2019, our consolidated net debt position (total debt, lease liabilities and other notes payable less cash and cash
    equivalents, temporary investments, and certain non-current investments in financial instruments) was Ps.94,994.7 million. The aggregate amount of non-current investments in financial instruments included in our consolidated net debt position as of
    September 30, 2019, amounted to Ps.12,021.6 million.</div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div><br>
  </div>
  <font style="font-weight: bold;">Share Repurchase Program</font>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 12.55pt;">In the context of the repurchase program previously approved by the Board of Directors, the Company repurchased, during the third quarter 2019, 8.3 million CPOs, equivalent to approximately Ps.291.7 million.</div>
    <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
    </div>
    <div style="line-height: 12.55pt;">So far during 2019, the Company has repurchased 39.0 million CPOs for up to Ps.1,385.8 million in the open market.&#160;The Company has considered from time to time additional repurchases of its CPOs, and is considering
      additional repurchases by any available method,&#160;including open market purchases, block trades or tender offers pursuant and subject to applicable laws.&#160;Any repurchase would result in a reverse dilution for outstanding CPOs, including under Awards
      granted under the Long-Term Retention Plan, and could affect the trading price of CPOs.</div>
  </div>
  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-weight: bold;">Radiopolis</font></div>
  <div><br>
  </div>
  <div style="text-align: justify; line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: normal;">In connection with the sale of Televisa&#8217;s 50% equity participation in Sistema Radi&#243;polis, S.A. de C.V. announced
    on July 17, 2019, Corporativo Coral, S.A. de C.V. and Miguel Alem&#225;n Magnani (jointly, the &#8220;Obligors&#8221;) failed to make an initial payment for approximately U.S.$32 million dollars. According to the Obligors, they have experienced delays in securing the
    necessary financing. Access to financing was not agreed as a condition precedent to payment. The Company will commence the corresponding legal actions if the Obligors remain in breach of its payment obligations.</div>
  <div style="text-align: left;">
    <div><font style="font-weight: bold;">Shares Outstanding<br>
      </font></div>
    <div><br>
    </div>
    <div style="text-align: justify;">
      <div style="line-height: 12.55pt;">As of September 30, 2019 and December 31, 2018, our shares outstanding amounted to 337,244.3 million and 338,329.1 million shares, respectively, and our CPO equivalents outstanding amounted to 2,882.4 million and
        2,891.7 million, respectively. Not all of our shares are in the form of CPOs. The number of CPO equivalents is calculated by dividing the number of shares outstanding by 117.</div>
      <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
      </div>
      <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">As of September 30, 2019 and December 31, 2018, the GDS (Global Depositary Shares) equivalents outstanding amounted to 576.5 million and 578.3
        million, respectively. The number of GDS equivalents is calculated by dividing the number of CPO equivalents by five.</div>
    </div>
    <font style="font-weight: bold;">Sustainability</font></div>
  <div><br>
  </div>
  <div style="text-align: justify; line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">In September, Televisa was selected as a member of the 2019 Dow Jones Sustainability MILA Pacific Alliance Index, which is comprised
    of sustainability leaders from Chile, Peru, Mexico, and Colombia. In addition, Televisa was selected as one of three Mexican companies to be included in the 2019 Dow Jones Sustainability Emerging Markets Index, which is comprised of sustainability
    leaders from Western Europe, India, China, South Africa, Central America, South America, and other countries.</div>
  <div style="text-align: left;"><font style="font-weight: bold;">Additional Information Available on Website</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">The information in this press release should be read in conjunction with the financial statements and footnotes contained in the Company's Annual Report
      and on Form 20-F for the year ended December 31, 2018, which is posted on the &#8220;Reports and Filings&#8221; section of our investor relations website at televisair.com.</div>
  </div>
  <div><br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div><br>
  </div>
  <div style="text-align: justify;"><font style="font-weight: bold;">About Televisa</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 10.25pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif; font-style: italic;">Televisa is a leading media company in the Spanish-speaking world, an important cable operator in Mexico and an operator of a
      leading direct-to-home satellite pay television system in Mexico. Televisa distributes the content it produces through several broadcast channels in Mexico and in over 75 countries through 26 pay-tv brands, television networks, cable operators and
      over-the-top or &#8220;OTT&#8221; services. In the United States, Televisa&#8217;s audiovisual content is distributed through Univision Communications Inc. (&#8220;Univision&#8221;) the leading media company serving the Hispanic market. Univision broadcasts Televisa&#8217;s audiovisual
      content through multiple platforms in exchange for a royalty payment. In addition, Televisa has equity and warrants which upon their exercise would represent approximately 36% on a fully-diluted, as-converted basis of the equity capital in Univision
      Holdings, Inc., the controlling company of Univision. Televisa&#8217;s cable business offers integrated services, including video, high-speed data and voice services to residential and commercial customers as well as managed services to domestic and
      international carriers. Televisa owns a majority interest in Sky, a leading direct-to-home satellite pay television system and broadband provider in Mexico, operating also in the Dominican Republic and Central America. Televisa also has interests in
      magazine publishing and distribution, radio production and broadcasting, professional sports and live entertainment, feature- film production and distribution, and gaming.</div>
  </div>
  <div style="text-align: justify;"><font style="font-weight: bold;">Disclaimer</font></div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <div style="line-height: 10.25pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif; font-style: italic;">This press release contains forward-looking statements regarding the Company&#8217;s results and prospects. Actual results could differ
      materially from these statements. The forward-looking statements in this press release should be read in conjunction with the factors described in &#8220;Item 3. Key Information &#8211; Forward-Looking Statements&#8221; in the Company&#8217;s Annual Report on Form 20-F,
      which, among others, could cause actual results to differ materially from those contained in forward-looking statements made in this press release and in oral statements made by authorized officers of the Company. Readers are cautioned not to place
      undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or
      otherwise.</div>
  </div>
  <div style="text-align: justify;"><font style="font-style: italic;">(Please see attached tables for financial information and ratings data)</font></div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-style: italic;">###</font></div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 14pt; font-weight: bold;">Contact Information</font></div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div style="text-align: center; line-height: 12.55pt; font-weight: bold;">Investor Relations</div>
  <div style="text-align: center; line-height: 12.55pt;"><u>www.televisair.com.mx</u></div>
  <div style="text-align: center; line-height: 12.55pt;">Tel: (52 55) 5261 2445</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: center; line-height: 12.55pt;">Carlos Madrazo. VP, Head of Investor Relations <u>cmadrazov@televisa.com.mx</u></div>
  <div style="text-align: center; line-height: 12.55pt;">Santiago Casado. Investor Relations Director. <u>scasado@televisa.com.mx</u></div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: center; line-height: 12.55pt; font-weight: bold;">Media Relations:</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: center; line-height: 12.55pt;">Alejandro Olmos / Tel: (52 55) 4438 1205 / <u>aolmosc@televisa.com.mx</u></div>
  <div style="text-align: center; line-height: 12.55pt;">Artemisa Padilla / Tel: (52 55)&#160; 5224 6360 / <u>apadillagu@televisa.com.mx</u></div>
  <div><br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div><br>
  </div>
  <div style="text-align: center; line-height: 10.5pt; font-weight: bold;">GRUPO TELEVISA, S.A.B.</div>
  <div style="text-align: center; line-height: 10.5pt; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION</div>
  <div style="text-align: center; line-height: 10.5pt; font-weight: bold;">AS OF SEPTEMBER 30, 2019 AND DECEMBER 31, 2018</div>
  <div style="text-align: center; line-height: 10.5pt; font-weight: bold;">(Millions of Mexican Pesos)</div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;" id="z4b0cb3e96ab0459aaa0eba44729e4919">

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          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">
            <div style="text-align: center; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">December 31<font style="font-weight: bold;">,</font></div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">
            <div style="text-align: center; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;"> 2019</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">
            <div style="text-indent: 76.55pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ASSETS</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">(Unaudited)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">
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          </td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
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          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
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            </div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">38,710.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Ps.<br>
            </div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">32,068.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Temporary investments</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">12.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">31.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Trade notes and accounts receivable, net</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">17,204.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">19,748.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Other accounts and notes receivable, net</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">10,417.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">6,376.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Derivative financial instruments</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">3.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">115.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Due from related parties</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">863.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">1,078.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Transmission rights and programming</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">6,803.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">7,785.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Inventories</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">1,354.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">1,026.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Contract costs</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">1,309.1</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">1,143.0</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Assets held for sale</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">1,094.6</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Other current assets</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">3,807.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">2,679.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 49.9pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Total current assets</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">81,581.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Derivative financial instruments</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">919.8</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Transmission rights and programming</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">9,606.8</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">9,229.8</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Investments in financial instruments</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">47,280.1</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">49,203.4</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Investments in associates and joint ventures</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">9,352.2</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">10,546.7</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Property, plant and equipment, net</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">83,368.4</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">87,342.5</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
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          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">7,676.2</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">-</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Intangible assets, net</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">42,920.1</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">43,063.5</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Deferred income tax assets</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">24,293.4</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">22,181.8</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Contract costs</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">2,267.5</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">2,227.7</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Other assets</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">290.6</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">402.5</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 49.9pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Total non-current assets</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">227,058.5</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">225,117.7</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 4px;">
            <div style="text-indent: 49.9pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Total assets</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Ps.<br>
            </div>
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          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">308,639.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Ps.<br>
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          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">297,170.6</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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  </div>
  <div><br>
  </div>
  <br>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman',Times,serif;"><br>
    </font><br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div style="text-align: center;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div style="text-align: center;"><font style="font-weight: bold;">GRUPO TELEVISA, S.A.B.</font></div>
  <div style="text-align: center;"><font style="font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION</font></div>
  <div style="text-align: center;"><font style="font-weight: bold;">AS OF SEPTEMBER 30, 2019 AND DECEMBER 31, 2018</font></div>
  <div style="text-align: center;"><font style="font-weight: bold;">(Millions of Mexican Pesos)</font></div>
  <div style="text-align: center;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div style="text-align: center;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div><br>
  </div>
  <div>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">
            <div style="text-align: center; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">September 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">
            <div style="text-align: center; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">December 31<font style="font-weight: bold;">,</font></div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">
            <div style="text-align: center; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;"> 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">
            <div style="text-align: center; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">
            <div style="text-indent: 76.55pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">LIABILITIES</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">(Unaudited)</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">(Audited)</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">
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          </td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Current portion of long-term debt and interest payable</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Ps.<br>
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          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">12,724.6</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Ps.<br>
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          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">2,108.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Current portion of lease liabilities</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">1,213.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">651.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Current portion of other notes payable</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">1,315.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">1,288.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Derivative financial instruments</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">101.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">148.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Trade accounts payable and accrued expenses</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">22,361.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">22,029.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Customer deposits and advances</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">10,920.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">13,637.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Income taxes payable</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">2,385.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">3,054.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Other taxes payable</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">2,709.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">1,280.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Employee benefits</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">869.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">1,067.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Due to related parties</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">649.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">714.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 28.35pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Other current liabilities</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">2,195.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">2,550.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 49.65pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Total current liabilities</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">57,448.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">48,531.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Non-current liabilities:</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.35pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Long-term debt, net of current portion</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">124,283.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">120,983.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.35pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Lease liabilities, net of current portion</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">8,442.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">4,666.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.35pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Other notes payable, net of current portion</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">1,288.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.35pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Derivative financial instruments</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">392.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">-</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Income taxes payable</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">1,736.6</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">3,141.4</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Deferred income tax liabilities</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">7,885.5</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">8,390.5</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Post-employment benefits</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">1,051.9</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">962.5</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 28.6pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Other long-term liabilities</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">4,502.4</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">4,676.0</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
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          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">148,295.1</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">144,108.5</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 49.65pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Total liabilities</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">205,743.1</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">192,640.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 92.15pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">EQUITY</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Capital stock</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">4,907.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">4,907.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Additional paid-in-capital</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">15,889.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">15,889.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">20,797.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">20,797.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Retained earnings:</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.35pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Legal reserve</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">2,139.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">2,139.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.35pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Unappropriated earnings</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">75,568.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">70,362.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 28.35pt; line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Net income for the period</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">2,216.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">6,009.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">79,923.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">78,510.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Accumulated other comprehensive income, net</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">2,270.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">4,427.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">Shares repurchased</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">(14,618.9</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">)</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">(14,219.1</div>
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          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">67,575.3</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">68,719.2</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
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          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">88,372.9</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">14,523.7</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">15,013.8</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">102,896.6</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">104,530.6</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 4px;">
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          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">308,639.7</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 10.5pt; font-family: 'Times New Roman', Times, serif;">297,170.6</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
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          <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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  </div>
  <div><br>
  </div>
  <br>
  <div><br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div><br>
  </div>
  <div style="text-align: center;"><font style="font-weight: bold;">GRUPO TELEVISA, S.A.B.</font></div>
  <div style="text-align: center;"><font style="font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF INCOME FOR THE&#160; THREE AND</font></div>
  <div style="text-align: center;"><font style="font-weight: bold;">NINE MONTHS ENDED SEPTEMBER 30, 2019 AND 2018</font></div>
  <div style="text-align: center;"><font style="font-weight: bold;">(Millions of Mexican Pesos)</font></div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;" id="z7607b398090f45fcbda70fd3ddcbc1e9">

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          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
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          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="6">
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">
            <div style="text-align: center; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;"> 2019</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">
            <div style="text-align: center; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;"> 2019</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">
            <div style="text-align: center; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;"> 2018</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">(Unaudited)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">(Unaudited)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">(Unaudited)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div style="text-align: center; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">(Unaudited)</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%;">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Net sales</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Ps.<br>
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          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">25,786.1</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Ps.</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">25,033.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
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          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">73,489.0</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Ps.</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">74,547.1</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%;">
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          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">14,946.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">14,208.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">42,025.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">42,348.9</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%;">
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          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">2,797.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">2,609.7</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">8,344.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">8,037.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
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          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">3,057.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">10,081.5</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">10,223.8</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%;">
            <div style="text-indent: 21.55pt; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Income before other expense</div>
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          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">4,985.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">4,774.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">13,037.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">13,937.0</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
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          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">(389.4</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">)</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">(432.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">)</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">(861.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">)</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">2,651.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
            <div style="text-indent: 21.25pt; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Operating income</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">4,595.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">4,341.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">12,176.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">16,588.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%;">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Finance expense</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">(3,791.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">)</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">(2,925.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">)</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">(8,623.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">)</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">(8,150.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Finance income</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">920.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">436.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">1,210.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">1,685.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
            <div style="text-indent: 21.25pt; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Finance expense, net</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">(2,870.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">)</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">(2,489.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">)</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">(7,412.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">)</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">(6,465.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Share of income of associates and joint</div>
            <div style="text-indent: 14.15pt; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">ventures, net</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">159.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">326.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">489.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">910.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%;">
            <div style="text-indent: 21.25pt; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Income before income taxes</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">1,885.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">2,179.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">5,252.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
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          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">726.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">699.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">1,972.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">3,798.7</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 4px;">
            <div style="text-indent: 21.25pt; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Net income</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Ps.</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">1,158.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Ps.</div>
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          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">1,479.6</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Ps.</div>
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          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">3,280.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Ps.</div>
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          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">7,235.3</div>
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          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%;">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Net income attributable to:</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%;">
            <div style="text-indent: 14.15pt; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Stockholders of the Company</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Ps.</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">755.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Ps.</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">978.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Ps.</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">2,216.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Ps.</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">5,952.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
            <div style="text-indent: 14.15pt; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Non-controlling interests</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">403.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">501.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">1,064.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">1,282.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 4px;">
            <div style="text-indent: 21.25pt; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Net income</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Ps.</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">1,158.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Ps.</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">1,479.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Ps.</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">3,280.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Ps.</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">7,235.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%;">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 4px;">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">Basic earnings per CPO attributable to</div>
            <div style="text-indent: 14.15pt; line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">stockholders of the Company</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">0.26</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">0.34</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">0.77</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">$</div>
          </td>
          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
            <div style="line-height: 9.1pt; font-family: 'Times New Roman', Times, serif;">2.05</div>
          </td>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
        </tr>

    </table>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <br>
  <div><br>
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          <div style="text-align: left;">Dated: October 29, 2019</div>
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            <div>/s/ Luis Alejandro Bustos Olivares&#160;</div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
