<SEC-DOCUMENT>0000895345-20-000247.txt : 20200224
<SEC-HEADER>0000895345-20-000247.hdr.sgml : 20200224
<ACCEPTANCE-DATETIME>20200224161515
ACCESSION NUMBER:		0000895345-20-000247
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200220
FILED AS OF DATE:		20200224
DATE AS OF CHANGE:		20200224

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:		20644461

	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>jw6k4qfinanshort_grupo.htm
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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-top: 12pt; margin-bottom: 10pt;"><font style="font-size: 18pt; font-weight: bold;">FORM 6-K</font></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 February, 2020</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-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>
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  <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: right; font-size: 14pt;">Investor Relations</div>
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            <div style="text-align: right;"><font style="font-size: 14pt; font-weight: bold;">PRESS RELEASE</font></div>
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  <div style="text-align: center;"><font style="font-size: 14pt; font-weight: bold;">Televisa Reports Fourth Quarter and Full Year 2019 Results</font></div>
  <div style="text-align: center;"><font style="font-size: 14pt; font-weight: bold;"> <br>
    </font></div>
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    <div style="line-height: 14.4pt; margin-bottom: 6pt; font-family: 'Times New Roman',Times,serif; font-size: 11pt; font-weight: bold;">2019 Highlights</div>
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  <div style="text-align: justify; margin-bottom: 6pt;"><font style="font-weight: bold;">Consolidated</font></div>
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              <div style="margin: 0px 0px 10pt; line-height: 12.55pt; text-align: left;">
                <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',serif;">Sales and Operating Segment Income (&#8220;OSI&#8221;) increased 3.0% and 5.4%, respectively.<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
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                    <div style="line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">Ongoing financial discipline with cost and expenses declining by Ps.579 million.</div>
                    <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"></sup></div>
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    <div style="margin-bottom: 6pt;"><font style="font-weight: bold;">&#160;Cable</font></div>
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              <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">
                <div style="line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">Reached 12.7 million Revenue Generating Units (&#8220;RGUs&#8221;).</div>
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              <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">
                <div style="line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">Continued to position IZZI as the premier aggregator of OTT offers.</div>
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                  <div style="line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">Double digit growth in Revenue and in OSI of 15.1% and 16.3%, respectively.</div>
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                    <div style="line-height: 11.4pt; margin-bottom: 10pt;">Operating Cash Flow<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> (&#8220;OCF&#8221;) increased 76.6% in 2019, reaching Ps.5.3 billion.</div>
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      <font style="font-weight: bold;">Sky</font></div>
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                <div style="line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">Resumed growth in video RGUs with positive net adds each of the last three quarters.</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>
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              <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">
                <div style="line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">Continued building scale in the broadband business reaching 386 thousand RGUs.</div>
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                <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">
                  <div style="line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">Strong contributor to OCF, generating Ps.5.3 billion in 2019.</div>
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    <font style="font-weight: bold;">Content</font></div>
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                <div style="line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">Top 18 of the 20 most watched programs during weekdays were broadcast on Televisa.</div>
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              <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">
                <div style="line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">Resilient core<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup> advertising revenue: down 1.8%, in spite of macroeconomic uncertainty.</div>
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                    <div style="line-height: 12.55pt; margin-bottom: 10pt;">
                      <div style="line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">Strong performance of Televisa content in Univision: U.S.$389.1 million dollars in Royalties.</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>
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                    <div style="line-height: 12.55pt; margin-bottom: 10pt;">
                      <div style="line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">Maintained strong OSI margin, reaching 36.3%.</div>
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  <div style="background-color: #FFFFFF;">
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">Earnings Call Date and Time: Friday, February 21, 2020, at 10:00 A.M. ET.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
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    <div style="background-color: #FFFFFF; line-height: 14.4pt;">
      <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Conference ID # is <font style="font-style: italic;">9145506</font></div>
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            <div style="background-color: #FFFFFF; line-height: 14.4pt;">
              <div style="text-align: center; line-height: 11.4pt; font-family: Cambria, serif;">From the U.S.: +1 (877) 850 2115</div>
            </div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="background-color: #FFFFFF; line-height: 14.4pt;">
              <div style="text-align: center; line-height: 11.4pt; font-family: Cambria, serif;">From Mexico: 800 926 9157</div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="background-color: #FFFFFF; line-height: 14.4pt;">
              <div style="text-align: center; line-height: 11.4pt; font-family: Cambria, serif;">International callers: +1 (478) 219 0648</div>
            </div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="background-color: #FFFFFF; line-height: 14.4pt;">
              <div style="text-align: center; line-height: 11.4pt; font-family: Cambria, serif;">Rebroadcast: +1 (404) 537-3406</div>
            </div>
          </td>
        </tr>

    </table>
    <div style="background-color: #FFFFFF; line-height: 14.4pt;">
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">The teleconference will be rebroadcast starting at 01:00 P.M. ET</div>
      <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">on February 21 and will end at midnight on March 6.</div>
    </div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">Televisa's fourth quarter and full year 2019 investor presentation is available at www.televisair.com</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="text-align: left; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1 </sup>Excluding the non-recurring licensing of certain rights of the World Cup in Latin America in 2018,</div>
    <div style="text-align: left; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2 </sup>Defined as Operating Segment Income minus Capital Expenditures in property, plant and equipment.</div>
    <div style="text-align: left; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3 </sup>Does not include non-recurrent effects.</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 style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">1</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
  </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: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Mexico City, February 20, 2020</font> &#8212; Grupo Televisa, S.A.B. (NYSE:TV; BMV: TLEVISA CPO; &#8220;Televisa&#8221; or &#8220;the Company&#8221;), today
    announced results for full year and fourth quarter&#160;2019. The results have been prepared in accordance with International Financial Reporting Standards (&#8220;IFRS&#8221;).</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">In 2018, Content sales and operating segment income benefited by Ps.2,733.6 million and by Ps.1,410.5 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: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">The following table sets forth condensed consolidated statements of income for the years ended December 31, 2019 and 2018, in millions of Mexican pesos,
    excluding the non-recurring licensing revenue:</div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"> <br>
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">
    <div style="line-height: 12.55pt;"> <br>
    </div>
    <div style="line-height: 12.55pt;"> <br>
    </div>
    <div style="line-height: 12.55pt;">
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td rowspan="2" style="width: 48.54%; 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;">Excluding non-recurring licensing revenue for 2018</div>
            </td>
            <td rowspan="2" style="width: 8.86%; 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;">2019</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 rowspan="2" style="width: 11.11%; 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;">2018</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;">101,492.2</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;">98,548.7</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; 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;">41,015.1</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt;">38.7</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt;">38,924.9</div>
            </td>
            <td style="width: 9.26%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt;">38.0</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 10.25pt;">5.4</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. <font style="font-size:10.0pt;font-family:'Times New Roman',serif"></font>&#160;</div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"> <br>
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">
    <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Net sales, excluding non-recurring licensing revenue, increased by 3.0% to Ps.101,492.2 million in 2019 compared with Ps.98,548.7 million in 2018. This increase was mainly
      attributable to revenue growth in the Cable segment. Operating segment income grew 5.4%, reaching Ps.41,015.1 million with a margin of 38.7%.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">The following table sets forth condensed consolidated statements of income for the years ended December 31, 2019 and 2018, in millions of Mexican pesos. The table includes the
      abovementioned non-recurring licensing revenue so the results presented are not comparable year-over-year:</div>
    <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;"> <br>
    </div>
    <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">
      <table cellspacing="0" cellpadding="0" border="0" id="ze657978fbbfe406a8e5cd70abfa31a09" 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: middle; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" rowspan="2">
              <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">&#160;</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); border-bottom: 2px solid rgb(0, 0, 0);" rowspan="2">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">2019</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; 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: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">2018</div>
            </td>
            <td style="width: 9.26%; vertical-align: middle; border-top: #000000 2px solid;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; 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: 11.4pt; font-family: 'Times New Roman', serif; 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: 11.4pt; font-family: 'Times New Roman', serif; 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: 11.4pt; font-family: 'Times New Roman', serif; 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: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Net sales</div>
            </td>
            <td style="width: 9%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">101,492.2</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">100.0</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">101,282.3</div>
            </td>
            <td style="width: 9.26%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">100.0</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">0.2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Net income</div>
            </td>
            <td style="width: 9%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">6,202.8</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">6.1</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">7,615.3</div>
            </td>
            <td style="width: 9.26%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">7.5</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(18.5)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Net income attributable to stockholders of the Company</div>
            </td>
            <td style="width: 9%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">4,722.1</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">4.7</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">6,009.4</div>
            </td>
            <td style="width: 9.26%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">5.9</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(21.4)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Segment net sales</div>
            </td>
            <td style="width: 9%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">106,044.9</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">100.0</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">105,174.4</div>
            </td>
            <td style="width: 9.26%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">100.0</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">0.8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Operating segment income <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
            </td>
            <td style="width: 9%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">41,015.1</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">38.7</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">40,335.4</div>
            </td>
            <td style="width: 9.26%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">38.4</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">1.7</div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">
    <div style="line-height: 11.4pt;"><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="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="margin-right: 2.15pt; line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">Net income attributable to stockholders of the Company amounted to Ps.4,722.1 million for 2019, compared with Ps.6,009.4 million for
      2018. The net decrease of Ps.1,287.3 million, or 21.4%, mainly reflected:</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z163212f87cc14560b554b352306ca436" 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: 11.4pt; font-family: 'Times New Roman', serif;">I.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">a Ps.2,657.9 million unfavorable change in other income or expense, net; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z71d0ac66ffbc40dfb9d77f40de900b48" 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: 11.4pt; font-family: 'Times New Roman', serif;">II.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">a Ps.1,174.6 million increase in depreciation and amortization.</div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <br>
  <div>
    <div style="text-align: justify; margin-right: 2.15pt; line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <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; margin-right: 2.15pt; line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">These unfavorable variances were primarily offset by:</div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zd9a8581df4004be7bd4c7b7bb546e919" 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: 11.4pt; font-family: 'Times New Roman', serif;">I.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">a Ps.1,614.0 million decrease in income taxes;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zdff2cffa378b4f41886c4bac15b9b7d7" 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: 11.4pt; font-family: 'Times New Roman', serif;">II.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">a Ps.788.9 million increase in operating income before depreciation and amortization and other income or expenses, net; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z3af0c91f6d914d0e8450c976048bc691" 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: 11.4pt; font-family: 'Times New Roman', serif;">III.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">a Ps.125.2 million decrease in net income attributable to non-controlling interests.</div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="text-align: center;"><font style="font-size: 14pt; font-weight: bold;"> <br>
    </font></div>
  <div style="text-align: center;"><br>
    <div style="line-height: 11.4pt; font-family: 'Times New Roman',serif; font-size: 14pt; font-weight: bold;">Full year results by business segment</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">The following table presents full year consolidated results ended December 31, 2019 and 2018, for each of our business segments, in millions of Mexican pesos.</div>
  </div>
  <div><font style="font-family: 'Times New Roman',Times,serif;"><br>
    </font> </div>
  <font style="font-family: 'Times New Roman',Times,serif;"> </font>
  <div><font style="font-family: 'Times New Roman',Times,serif;"> </font>
    <table cellspacing="0" cellpadding="0" border="0" id="z8adadb71090840b1bd4a788482f118f0" 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-family: 'Times New Roman',Times,serif; 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-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">2019</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-family: 'Times New Roman',Times,serif; 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-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">2018</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-family: 'Times New Roman',Times,serif; 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-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Change</div>
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; 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; font-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">41,702.0</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; font-family: 'Times New Roman',Times,serif;">39.3</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; font-family: 'Times New Roman',Times,serif;">36,233.0</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; font-family: 'Times New Roman',Times,serif;">34.5</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; font-family: 'Times New Roman',Times,serif;">15.1</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: 4pt; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">21,347.1</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">20.1</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">22,002.2</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">20.9</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">(3.0)</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; font-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">34,795.5</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">32.8</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">36,490.1</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">34.7</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">(4.6)</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; font-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">8,200.3</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">7.8</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">7,715.5</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">7.3</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">6.3</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-family: Arial, sans-serif; font-size: 9pt;"><font style="font-weight: bold; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">Segment Net Sales</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></font></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-family: 'Times New Roman',Times,serif; font-weight: bold;">106,044.9</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">100.0</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">102,440.8</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">97.4</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">3.5</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; font-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">(5,394.1)</div>
          </td>
          <td style="width: 11%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">(4,812.1)</div>
          </td>
          <td style="width: 9%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 11%; vertical-align: middle; font-family: 'Times New Roman',Times,serif;">&#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-family: Arial, sans-serif; font-size: 9pt;"><font style="font-weight: bold; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">Net Sales</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></font></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-family: 'Times New Roman',Times,serif; font-weight: bold;">100,650.8</div>
          </td>
          <td style="width: 11%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 12.55pt; font-family: 'Times New Roman',Times,serif;">&#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-family: 'Times New Roman',Times,serif; font-weight: bold;">97,628.7</div>
          </td>
          <td style="width: 9%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 12.55pt; font-family: 'Times New Roman',Times,serif;">&#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-family: 'Times New Roman',Times,serif;">3.1</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; font-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">n/a</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#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; font-family: 'Times New Roman',Times,serif;">2,733.6</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; font-family: 'Times New Roman',Times,serif;">2.6</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; font-family: 'Times New Roman',Times,serif;">n/a</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-family: 'Times New Roman',Times,serif;">Held-to-sale Operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</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-family: 'Times New Roman',Times,serif;">841.4</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">n/a</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">920.0</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">n/a</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">(8.5)</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-family: 'Times New Roman',Times,serif; 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-family: 'Times New Roman',Times,serif; font-weight: bold;">101,492.2</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-family: 'Times New Roman',Times,serif; 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-family: 'Times New Roman',Times,serif; font-weight: bold;">101,282.3</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-family: 'Times New Roman',Times,serif; 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-family: 'Times New Roman',Times,serif; font-weight: bold;">0.2</div>
          </td>
        </tr>

    </table>
    <font style="font-family: 'Times New Roman',Times,serif;"> </font>
    <div style="text-align: left; line-height: 10.25pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman',Times,serif; font-style: italic;"> </font><font style="font-family: 'Times New Roman',Times,serif;"><br style="line-height: 10.25pt;">
      </font> </div>
    <font style="font-family: 'Times New Roman',Times,serif;"> </font>
    <div style="line-height: 13.7pt;"><font style="font-family: 'Times New Roman',Times,serif;"> </font>
      <table cellspacing="0" cellpadding="0" border="0" id="z0038cb4c758c4ab083ffdc84caf07be6" 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="line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; 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-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">2019</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-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Margin</div>
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; 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-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">2018</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-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Margin</div>
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; 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-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Change</div>
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; 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; font-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">17,797.6</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; font-family: 'Times New Roman',Times,serif;">42.7</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; font-family: 'Times New Roman',Times,serif;">15,302.5</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; font-family: 'Times New Roman',Times,serif;">42.2</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; font-family: 'Times New Roman',Times,serif;">16.3</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: 3.55pt; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">9,121.2</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">42.7</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">9,767.3</div>
            </td>
            <td style="width: 9%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">44.4</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">(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; font-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">12,632.1</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">36.3</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">13,444.6</div>
            </td>
            <td style="width: 9%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">36.8</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">(6.0)</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; font-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">1,464.2</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">17.9</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">410.5</div>
            </td>
            <td style="width: 9%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">5.3</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">256.7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; line-height: 10.25pt; font-family: Arial, sans-serif; font-size: 9pt;"><font style="font-weight: bold; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">Operating Segment
                  Income</font><font style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></font></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-family: 'Times New Roman',Times,serif; font-weight: bold;">41,015.1</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-family: 'Times New Roman',Times,serif;">38.7</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-family: 'Times New Roman',Times,serif; font-weight: bold;">38,924.9</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-family: 'Times New Roman',Times,serif;">38.0</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-family: 'Times New Roman',Times,serif;">5.4</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; font-family: 'Times New Roman',Times,serif;">Non-recurring licensing income</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; font-family: 'Times New Roman',Times,serif;">n/a</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; font-family: 'Times New Roman',Times,serif;">n/a</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; font-family: 'Times New Roman',Times,serif;">1,410.5</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; font-family: 'Times New Roman',Times,serif;">51.6</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; font-family: 'Times New Roman',Times,serif;">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-family: 'Times New Roman',Times,serif; 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-family: 'Times New Roman',Times,serif; font-weight: bold;">41,015.1</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-family: 'Times New Roman',Times,serif; font-weight: bold;">38.7</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-family: 'Times New Roman',Times,serif; font-weight: bold;">40,335.4</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-family: 'Times New Roman',Times,serif; font-weight: bold;">38.4</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-family: 'Times New Roman',Times,serif; font-weight: bold;">1.7</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; font-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">(1,888.4)</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; font-family: 'Times New Roman',Times,serif;">(1.8)</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; font-family: 'Times New Roman',Times,serif;">(2,154.7)</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; font-family: 'Times New Roman',Times,serif;">(2.0)</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; font-family: 'Times New Roman',Times,serif;">12.4</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-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">(21,008.8)</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">(20.7)</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">(19,834.2)</div>
            </td>
            <td style="width: 9%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">(19.6)</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">(5.9)</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-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">(1,095.6)</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">(1.1)</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">1,562.3</div>
            </td>
            <td style="width: 9%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">1.5</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">n/a</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-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">(72.2)</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">(0.1)</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">n/a</div>
            </td>
            <td style="width: 9%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">n/a</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">n/a</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-family: 'Times New Roman',Times,serif;">Held-to-sale Operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</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-family: 'Times New Roman',Times,serif;">258.9</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">n/a</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">343.8</div>
            </td>
            <td style="width: 9%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">n/a</div>
            </td>
            <td style="width: 11%; vertical-align: middle;">
              <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">(24.7)</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-family: 'Times New Roman',Times,serif; 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-family: 'Times New Roman',Times,serif; font-weight: bold;">17,209.0</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-family: 'Times New Roman',Times,serif; font-weight: bold;">17.0</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-family: 'Times New Roman',Times,serif; font-weight: bold;">20,252.6</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-family: 'Times New Roman',Times,serif; font-weight: bold;">20.0</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-family: 'Times New Roman',Times,serif; font-weight: bold;">(15.0)</div>
            </td>
          </tr>

      </table>
      <font style="font-family: 'Times New Roman',Times,serif;"> </font>
      <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
      </div>
    </div>
  </div>
  <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>Excludes the non-recurring licensing revenue.
  <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 income or 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 the adoption of IFRS 16 <font style="font-family: 'Times New Roman', serif; font-size: 9pt; font-style: italic;">Leases</font> (&#8220;IFRS 16&#8221;), intersegment operations related to intercompany
    leases were not eliminated on the Operating Segment Income level as in prior years.</div>
  <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup>The assets and related liabilities of the Radio business are classified as held to sale in the Company&#8217;s consolidated statement of financial position as of December 31, 2019. Accordingly, the net sales and the operating segment income
    associated with the Radio business, which was part of the Company&#8217;s Other Businesses segment, &#160;are presented separately as held-to-sale operations for the years ended December 31, 2019 and 2018. The foregoing, notwithstanding that the transaction was
    consummated for legal purposes. </div>
  <div> <br>
  </div>
  <div> <br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
    <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; line-height: 14.8pt; font-family: 'Times New Roman',serif; font-size: 14pt; font-weight: bold;">Fourth quarter results by business segment</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt; font-family: 'Times New Roman',serif;">The following table presents fourth quarter consolidated results ended December 31, 2019 and 2018, for each of our business segments. Fourth quarter
    consolidated results for 2019 and 2018 are presented in millions of Mexican pesos.</div>
  <div><br>
  </div>
  <div style="text-align: justify;">
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zc79e1f62d8e24a3aa633f193e832957f">

        <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-family: 'Times New Roman', serif; font-size: 9pt; 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-family: 'Times New Roman', serif; font-size: 9pt; font-style: italic; font-weight: bold;">4Q&#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-family: 'Times New Roman', serif; font-size: 9pt; 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-family: 'Times New Roman', serif; font-size: 9pt; font-style: italic; font-weight: bold;">4Q&#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-family: 'Times New Roman', serif; font-size: 9pt; 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-family: 'Times New Roman', serif; font-size: 9pt; font-style: italic; font-weight: bold;">Change</div>
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt; 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; font-family: 'Times New Roman', serif; font-size: 9pt;">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; font-family: 'Times New Roman', serif; font-size: 9pt;">11,016.1</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; font-family: 'Times New Roman', serif; font-size: 9pt;">37.7</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; font-family: 'Times New Roman', serif; font-size: 9pt;">9,517.7</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; font-family: 'Times New Roman', serif; font-size: 9pt;">34.0</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; font-family: 'Times New Roman', serif; font-size: 9pt;">15.7</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; font-family: 'Times New Roman', serif; font-size: 9pt;">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; font-family: 'Times New Roman', serif; font-size: 9pt;">5,379.1</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">18.4</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">5,461.9</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">19.5</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">(1.5)</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; font-family: 'Times New Roman', serif; font-size: 9pt;">Content</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-family: 'Times New Roman', serif; font-size: 9pt;">10,901.6</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">37.3</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">10,642.8</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">38.1</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">2.4</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-family: 'Times New Roman', serif; font-size: 9pt;">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; font-family: 'Times New Roman', serif; font-size: 9pt;">1,933.9</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">6.6</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">2,344.0</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">8.4</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">(17.5)</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; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">Segment Net Sales</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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">29,230.7</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">100.0</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">27,966.4</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">100.0</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">4.5</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; font-family: 'Times New Roman', serif; font-size: 9pt;">Intersegment Operations<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-family: 'Times New Roman', serif; font-size: 9pt;">(1,495.3)</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; font-family: 'Times New Roman', serif; font-size: 9pt;">(1,485.1)</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-family: 'Times New Roman', serif; font-size: 9pt; 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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">27,735.4</div>
          </td>
          <td style="width: 11%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">&#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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">26,481.3</div>
          </td>
          <td style="width: 9%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">&#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-family: 'Times New Roman', serif; font-size: 9pt;">4.7</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; font-family: 'Times New Roman', serif; font-size: 9pt;">Held-to-sale Operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;</sup><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); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">267.8</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; font-family: 'Times New Roman', serif; font-size: 9pt;">254.0</div>
          </td>
          <td style="width: 9%; 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; font-family: 'Times New Roman', serif; font-size: 9pt;">5.4</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-family: 'Times New Roman', serif; font-size: 9pt; 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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">28,003.2</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-family: 'Times New Roman', serif; font-size: 9pt; 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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">26,735.3</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-family: 'Times New Roman', serif; font-size: 9pt; 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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">4.7</div>
          </td>
        </tr>

    </table>
    <div style="text-align: left; line-height: 10.25pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 9pt; font-style: italic;"> </font><br style="line-height: 10.25pt;">
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z8c3c4dba870a4be79860b6d1f54c5ec4">

        <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-family: 'Times New Roman', serif; font-size: 9pt; 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-family: 'Times New Roman', serif; font-size: 9pt; font-style: italic; font-weight: bold;">4Q&#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-family: 'Times New Roman', serif; font-size: 9pt; 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-family: 'Times New Roman', serif; font-size: 9pt; font-style: italic; font-weight: bold;">4Q&#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-family: 'Times New Roman', serif; font-size: 9pt; 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-family: 'Times New Roman', serif; font-size: 9pt; font-style: italic; font-weight: bold;">Change</div>
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt; 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; font-family: 'Times New Roman', serif; font-size: 9pt;">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; font-family: 'Times New Roman', serif; font-size: 9pt;">4,545.0</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; font-family: 'Times New Roman', serif; font-size: 9pt;">41.3</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; font-family: 'Times New Roman', serif; font-size: 9pt;">4,005.7</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; font-family: 'Times New Roman', serif; font-size: 9pt;">42.1</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; font-family: 'Times New Roman', serif; font-size: 9pt;">13.5</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: 3.55pt; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">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; font-family: 'Times New Roman', serif; font-size: 9pt;">2,108.9</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">39.2</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">2,214.6</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">40.5</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">(4.8)</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-family: 'Times New Roman', serif; font-size: 9pt;">Content</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-family: 'Times New Roman', serif; font-size: 9pt;">4,324.2</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">39.7</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">4,036.7</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">37.9</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">7.1</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-family: 'Times New Roman', serif; font-size: 9pt;">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; font-family: 'Times New Roman', serif; font-size: 9pt;">96.7</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">5.0</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">133.9</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">5.7</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">(27.8)</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-family: 'Times New Roman', serif; font-size: 9pt; 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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">11,074.8</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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">37.9</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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">10,390.9</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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">37.2</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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">6.6</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; font-family: 'Times New Roman', serif; font-size: 9pt;">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; font-family: 'Times New Roman', serif; font-size: 9pt;">(496.7)</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; font-family: 'Times New Roman', serif; font-size: 9pt;">(1.7)</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; font-family: 'Times New Roman', serif; font-size: 9pt;">(586.8)</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; font-family: 'Times New Roman', serif; font-size: 9pt;">(2.1)</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; font-family: 'Times New Roman', serif; font-size: 9pt;">15.4</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-family: 'Times New Roman', serif; font-size: 9pt;">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; font-family: 'Times New Roman', serif; font-size: 9pt;">(5,392.4)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">(19.3)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">(5,147.5)</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">(19.3)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">(4.8)</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-family: 'Times New Roman', serif; font-size: 9pt;">Other Expense, 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; font-family: 'Times New Roman', serif; font-size: 9pt;">(234.3)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">(0.8)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">(1,089.0)</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">(4.1)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">78.5</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; font-family: 'Times New Roman', serif; font-size: 9pt;">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; font-family: 'Times New Roman', serif; font-size: 9pt;">(18.8)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">(0.1)</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">n/a</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">n/a</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">n/a</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-family: 'Times New Roman', serif; font-size: 9pt;">Held-to-sale Operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;</sup><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; font-family: 'Times New Roman', serif; font-size: 9pt;">100.3</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">n/a</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">96.7</div>
          </td>
          <td style="width: 9%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">n/a</div>
          </td>
          <td style="width: 11%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;">3.7</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-family: 'Times New Roman', serif; font-size: 9pt; 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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">5,032.9</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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">18.0</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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">3,664.3</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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">13.7</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-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;">37.3</div>
          </td>
        </tr>

    </table>
    <div style="margin-right: 22.5pt; margin-left: 28.35pt; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> For segment reporting purposes, intersegment operations are included in each of the segment operations.</div>
    <div style="margin-right: 22.5pt; margin-left: 28.35pt; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2 </sup>The assets and related liabilities of the Radio business are classified as held to sale in the Company&#8217;s
      consolidated statement of financial position as of December 31, 2019. Accordingly, the net sales and the operating segment income associated with the Radio business, which was part of the Company&#8217;s Other Businesses segment, &#160;are presented separately
      as held-to-sale operations for the years ended December 31, 2019 and 2018. The foregoing, notwithstanding that the transaction was consummated for legal purposes.</div>
    <div style="margin-right: 22.5pt; margin-left: 28.35pt; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;"><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="margin-right: 22.5pt; margin-left: 28.35pt; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt;"><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 style="line-height: 12.55pt;"> <br>
    </div>
    <div style="line-height: 12.55pt;"> <br>
    </div>
    <div style="line-height: 12.55pt;"> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
      <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="line-height: 12.55pt;">
      <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman',serif; font-size: 14pt; font-weight: bold;">Cable</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Total net additions for the quarter</font> were approximately 114.7 thousand RGUs. Quarterly growth was mainly driven by 37.3 thousand broadband
        net additions and 103.5 thousand voice net additions. Video RGUs decreased by 26.1 thousand.</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">The following table sets forth the breakdown of RGUs per service type for our Cable segment as of December 31, 2019 and 2018.</div>
    </div>
    <div style="line-height: 12.55pt;"> <br>
    </div>
    <div style="line-height: 12.55pt;">
      <table cellspacing="0" cellpadding="0" border="0" align="center" style="border-collapse: collapse; width: 50%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" id="zdd7ee7570f6d4a62b122e9ba718a0d07">

          <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: 11.4pt; font-family: 'Times New Roman', serif; 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: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">2019</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: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">2018</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Video</div>
            </td>
            <td style="width: 32.01%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">4,318,863</div>
            </td>
            <td style="width: 36.14%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">4,384,247</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Broadband</div>
            </td>
            <td style="width: 32.01%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman',serif;">4,696,054</div>
            </td>
            <td style="width: 36.14%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">4,479,017</div>
            </td>
          </tr>
          <tr>
            <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid;">
              <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Voice</div>
            </td>
            <td style="width: 32.01%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">3,637,992</div>
            </td>
            <td style="width: 36.14%; vertical-align: middle;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">2,978,508</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: 11.4pt; font-family: 'Times New Roman', serif; 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: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">12,652,909</div>
            </td>
            <td style="width: 36.14%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">11,841,772</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 12.55pt;"> <br>
    </div>
    <br>
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Fourth quarter sales</font> increased by 15.7% to Ps.11,016.1 million compared with Ps.9,517.7 million in fourth quarter 2018
    driven by our pricing strategy, our broadband and voice net additions and the acquisition of part of the residential fiber-to-the-home business of Axtel, S.A.B. de C.V. in December 2018.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Full year sales</font> increased by 15.1% to Ps.41,702.0 million compared with Ps.36,233.0 million in 2018. Total RGUs reached
    12.7 million. Total net additions for the year were approximately 811.1 thousand.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Fourth quarter operating segment income </font>increased by 13.5% to Ps.4,545.0 million compared with Ps.4,005.7 million in
    fourth quarter 2018.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Full year operating segment income </font>increased by 16.3% to Ps.17,797.6 million compared with Ps.15,302.5 million in 2018.
    The margin reached 42.7%, 50 bps above the margin reached in 2018.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">The following tables set forth the breakdown of revenues and operating segment income, excluding consolidation adjustments, for our MSO and enterprise
    operations for fourth quarters 2019 and 2018, and for full year 2019 and 2018.</div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"> <br>
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">
    <table cellspacing="0" cellpadding="0" border="0" align="center" style="border-collapse: collapse; width: 75%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" id="zd98c094ff92e4cf7b5e37ef2560bdbcd">

        <tr>
          <td style="width: 28.57%; 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); font-family: 'Times New Roman',Times,serif;">
            <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: 11%; 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-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">2019</div>
          </td>
          <td style="width: 10.91%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">2018</div>
          </td>
          <td style="width: 13.26%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Change %</div>
          </td>
          <td style="width: 12.46%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">4Q&#8217;19</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">4Q&#8217;18</div>
          </td>
          <td style="width: 12.7%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Change %</div>
          </td>
        </tr>
        <tr>
          <td style="width: 28.57%; vertical-align: middle; border-right: #000000 2px solid;">
            <div style="line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">Revenue</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-left: #000000 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">37,495.8</div>
          </td>
          <td style="width: 10.91%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">32,279.8</div>
          </td>
          <td style="width: 13.26%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">16.2</div>
          </td>
          <td style="width: 12.46%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">9,800.9</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-family: 'Times New Roman',Times,serif;">8,498.5</div>
          </td>
          <td style="width: 12.7%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">15.3</div>
          </td>
        </tr>
        <tr>
          <td style="width: 28.57%; vertical-align: middle; background-color: #FFFFFF; border-right: #000000 2px solid;">
            <div style="line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">Operating Segment Income</div>
          </td>
          <td style="width: 11%; vertical-align: middle; background-color: #FFFFFF; border-left: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">16,248.0</div>
          </td>
          <td style="width: 10.91%; vertical-align: middle; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">13,962.0</div>
          </td>
          <td style="width: 13.26%; vertical-align: middle; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">16.4</div>
          </td>
          <td style="width: 12.46%; vertical-align: middle; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">4,151.1</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">3,670.1</div>
          </td>
          <td style="width: 12.7%; vertical-align: middle; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">13.1</div>
          </td>
        </tr>
        <tr>
          <td style="width: 28.57%; vertical-align: middle; background-color: #FFFFFF; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">Margin (%)</div>
          </td>
          <td style="width: 11%; 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; font-family: 'Times New Roman',Times,serif;">43.3</div>
          </td>
          <td style="width: 10.91%; vertical-align: middle; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">43.3</div>
          </td>
          <td style="width: 13.26%; vertical-align: middle; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 12.46%; vertical-align: middle; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">42.4</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">43.2</div>
          </td>
          <td style="width: 12.7%; vertical-align: middle; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</td>
        </tr>

    </table>
    <div style="margin-left: 92.15pt; line-height: 10.25pt;"><br style="line-height: 10.25pt;">
      <font style="font-family: sans-serif; font-size: 12pt;"><br>
      </font><br style="line-height: 10.25pt;">
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" style="border-collapse: collapse; width: 75%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" id="z093172eacd1040bbb01b135b50bdbb0c">

        <tr>
          <td style="width: 28.57%; 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); font-family: 'Times New Roman',Times,serif;">
            <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: 11%; 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-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">2019</div>
          </td>
          <td style="width: 10.91%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">2018</div>
          </td>
          <td style="width: 13.26%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Change %</div>
          </td>
          <td style="width: 12.46%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">4Q&#8217;19</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">4Q&#8217;18</div>
          </td>
          <td style="width: 12.7%; vertical-align: middle; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Change %</div>
          </td>
        </tr>
        <tr>
          <td style="width: 28.57%; vertical-align: middle; border-right: #000000 2px solid;">
            <div style="line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">Revenue</div>
          </td>
          <td style="width: 11%; vertical-align: middle; border-left: #000000 2px solid; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">5,874.5</div>
          </td>
          <td style="width: 10.91%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">5,341.0</div>
          </td>
          <td style="width: 13.26%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">10.0</div>
          </td>
          <td style="width: 12.46%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">1,631.0</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-family: 'Times New Roman',Times,serif;">1,408.8</div>
          </td>
          <td style="width: 12.7%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">15.8</div>
          </td>
        </tr>
        <tr>
          <td style="width: 28.57%; vertical-align: middle; background-color: #FFFFFF; border-right: #000000 2px solid;">
            <div style="line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">Operating Segment Income</div>
          </td>
          <td style="width: 11%; vertical-align: middle; background-color: #FFFFFF; border-left: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">2,051.1</div>
          </td>
          <td style="width: 10.91%; vertical-align: middle; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">1,811.9</div>
          </td>
          <td style="width: 13.26%; vertical-align: middle; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">13.2</div>
          </td>
          <td style="width: 12.46%; vertical-align: middle; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">527.9</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">471.4</div>
          </td>
          <td style="width: 12.7%; vertical-align: middle; background-color: #FFFFFF;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">12.0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 28.57%; vertical-align: middle; background-color: #FFFFFF; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">Margin (%)</div>
          </td>
          <td style="width: 11%; 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; font-family: 'Times New Roman',Times,serif;">34.9</div>
          </td>
          <td style="width: 10.91%; vertical-align: middle; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">33.9</div>
          </td>
          <td style="width: 13.26%; vertical-align: middle; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 12.46%; vertical-align: middle; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">32.4</div>
          </td>
          <td style="width: 11.11%; vertical-align: middle; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">33.5</div>
          </td>
          <td style="width: 12.7%; vertical-align: middle; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#160;</td>
        </tr>

    </table>
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">
    <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 style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255); text-align: left; font-family: 'Times New Roman',Times,serif;" rowspan="1">&#160;<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></td>
          <td style="width: 44%; vertical-align: middle; background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif;" rowspan="1">
            <div style="text-align: left;">
              <div style="text-align: justify; line-height: 9.1pt; margin-bottom: 10pt;">
                <div style="line-height: 11.4pt; margin-bottom: 10pt;">
                  <div style="text-align: left; line-height: 9.1pt; margin-bottom: 10pt;">Full year results do not include the consolidation adjustments of Ps.1,668.3 million in revenues nor Ps.501.5 million in Operating Segment Income for 2019, neither
                    the consolidation adjustments of Ps.1,387.8 million in revenues nor Ps.471.4 million in Operating Segment Income for 2018. Likewise, fourth quarter results do not include the consolidation adjustments of Ps.415.8 million in revenues nor
                    Ps.134.0 million in Operating Segment Income for fourth quarter 2019, neither the consolidation adjustments of Ps.389.6 million in revenues nor Ps.135.8 million in Operating Segment Income for fourth quarter 2018. Consolidation
                    adjustments are considered in the consolidated results of the Cable segment.</div>
                </div>
              </div>
            </div>
            &#160;&#160; <br>
          </td>
        </tr>

    </table>
  </div>
  <br>
  <div style="text-align: justify;">
    <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">
      <div style="line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">Full year sales and operating segment income in our MSO operations increased by 16.2% and 16.4%, respectively, reaching a margin of 43.3%. Full year sales
        and operating segment income in our Enterprise Operations increased by 10.0% and 13.2%, respectively</div>
    </div>
  </div>
  <div><br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
    <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><br>
  </div>
  <div style="text-align: center;"><font style="font-size: 14pt; font-weight: bold;">Sky</font></div>
  <div><br>
  </div>
  <br>
  <div style="text-align: justify;">
    <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;">
      <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Year-over-year, the <font style="font-weight: bold;">number of video RGUs</font> was lower by 207.7 thousand. This is mainly explained by a lower number
        video RGUs given the disconnections in fourth quarter 2018 and first quarter 2019 that followed Sky&#8217;s transmission of the Soccer World Cup in 2018. Subsequent to this effect, Sky added video RGUs in each of the last three quarters of 2019 and
        closed year with 7.4 million. In addition, Sky closed the year with 169,692 video RGUs in Central America and the Dominican Republic.</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">During 2019 Sky continued expanding its broadband operations with the addition of 294 thousand broadband RGUs. It closed the year with 386 thousand
        broadband RGUs.</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">The following table sets forth the breakdown of RGUs per service type for Sky as of December 31, 2019 and 2018.</div>
      <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"> <br>
      </div>
      <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">
        <table cellspacing="0" cellpadding="0" border="0" align="center" style="border-collapse: collapse; width: 50%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" id="z23ab399e3b334a1fac57122b3e0303c7">

            <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'; 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-family: 'Times New Roman'; font-style: italic; font-weight: bold;">2019</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-family: 'Times New Roman'; font-style: italic; font-weight: bold;">2018</div>
              </td>
            </tr>
            <tr>
              <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid;">
                <div style="line-height: 10.25pt; font-family: 'Times New Roman';">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';">7,429,351</div>
              </td>
              <td style="width: 36.14%; vertical-align: middle;">
                <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman';">7,637,040</div>
              </td>
            </tr>
            <tr>
              <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid;">
                <div style="line-height: 10.25pt; font-family: 'Times New Roman';">Broadband</div>
              </td>
              <td style="width: 32.01%; vertical-align: middle;">
                <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman';">386,114</div>
              </td>
              <td style="width: 36.14%; vertical-align: middle;">
                <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman';">91,841</div>
              </td>
            </tr>
            <tr>
              <td style="width: 31.85%; vertical-align: middle; border-right: #000000 2px solid;">
                <div style="line-height: 10.25pt; font-family: 'Times New Roman';">Voice</div>
              </td>
              <td style="width: 32.01%; vertical-align: middle;">
                <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman';">1,145</div>
              </td>
              <td style="width: 36.14%; vertical-align: middle;">
                <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman';">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-family: 'Times New Roman'; 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-family: 'Times New Roman'; font-weight: bold;">7,816,610</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-family: 'Times New Roman'; font-weight: bold;">7,728,881</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;"> </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;">
      <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Fourth quarter sales</font> decreased by 1.5% to Ps.5,379.1 million compared with Ps.5,461.9 million in fourth quarter 2018. As explained above,
        this resulted from the disconnections following Sky&#8217;s transmission of the Soccer World Cup in 2018. During the quarter, Sky added 16.6 thousand video RGUs and 67.1 thousand broadband RGUs.</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Full year sales</font> decreased by 3.0% to Ps.21,347.1 million compared with Ps.22,002.2 million in 2018.</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Fourth quarter operating segment income</font> decreased 4.8% to Ps.2,108.9 million compared with Ps.2,214.6 million in fourth quarter 2018. The
        margin was 39.2%.</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Full year operating segment income</font> decreased by 6.6% to Ps.9,121.2 million compared with Ps.9,767.3 million in 2018, and the margin was
        42.7%.</div>
    </div>
  </div>
  <div><br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
    <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><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;">
      <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Fourth quarter sales</font> increased 2.4% to Ps.10,901.6 million compared with Ps.10,642.8 million in fourth quarter 2018.</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Excluding the non-recurring licensing revenue<font style="font-weight: bold;">, full year sales </font>decreased by 4.6% to Ps.34,795.5 million compared with Ps.36,490.1
        million in 2018. Full year sales<font style="font-weight: bold;">, </font>including 2018 non-recurring licensing revenue, declined 11.3%.</div>
      <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;"> <br>
      </div>
      <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">
        <table cellspacing="0" cellpadding="0" border="0" align="center" style="border-collapse: collapse; width: 75%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" id="zf0c8ef2d2298463bbddaadcf2f0b952c">

            <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: 11.4pt; font-family: 'Times New Roman', serif;">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: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">2019</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: 11.4pt; font-family: 'Times New Roman', serif; 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: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">2018</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: 11.4pt; font-family: 'Times New Roman', serif; 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: 11.4pt; font-family: 'Times New Roman', serif; 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: 11.4pt; font-family: 'Times New Roman', serif;">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: 11.4pt; font-family: 'Times New Roman', serif;">19,420.4</div>
              </td>
              <td style="width: 10.48%; vertical-align: middle; border-top: #000000 2px solid;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">55.8</div>
              </td>
              <td style="width: 14.48%; vertical-align: middle; border-top: #000000 2px solid;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">21,154.9</div>
              </td>
              <td style="width: 10.32%; vertical-align: middle; border-top: #000000 2px solid;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">58.0</div>
              </td>
              <td style="width: 11.72%; vertical-align: middle; border-top: #000000 2px solid;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(8.2)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 38.54%; vertical-align: top; border-right: #000000 2px solid;">
                <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Network Subscription</div>
              </td>
              <td style="width: 14.47%; vertical-align: middle; border-left: #000000 2px solid;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">4,939.2</div>
              </td>
              <td style="width: 10.48%; vertical-align: middle;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">14.2</div>
              </td>
              <td style="width: 14.48%; vertical-align: middle;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">4,814.3</div>
              </td>
              <td style="width: 10.32%; vertical-align: middle;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">13.2</div>
              </td>
              <td style="width: 11.72%; vertical-align: middle;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">2.6</div>
              </td>
            </tr>
            <tr>
              <td style="width: 38.54%; vertical-align: top; border-right: #000000 2px solid;">
                <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">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: 11.4pt; font-family: 'Times New Roman', serif;">10,435.9</div>
              </td>
              <td style="width: 10.48%; vertical-align: middle;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">30.0</div>
              </td>
              <td style="width: 14.48%; vertical-align: middle;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">10,520.9</div>
              </td>
              <td style="width: 10.32%; vertical-align: middle;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">28.8</div>
              </td>
              <td style="width: 11.72%; vertical-align: middle;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(0.8)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 38.54%; vertical-align: top; border-right: #000000 2px solid;">
                <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif; 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: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">34,795.5</div>
              </td>
              <td style="width: 10.48%; vertical-align: middle;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">100.0</div>
              </td>
              <td style="width: 14.48%; vertical-align: middle;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">36,490.1</div>
              </td>
              <td style="width: 10.32%; vertical-align: middle;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">100.0</div>
              </td>
              <td style="width: 11.72%; vertical-align: middle;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">(4.6)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 38.54%; vertical-align: top; border-right: #000000 2px solid;">
                <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">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: 11.4pt; font-family: 'Times New Roman', serif;">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: 11.4pt; font-family: 'Times New Roman', serif;">2,733.6</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: 11.4pt; font-family: 'Times New Roman', serif;">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: 11.4pt; font-family: 'Times New Roman', serif; 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: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">34,795.5</div>
              </td>
              <td style="width: 10.48%; vertical-align: middle; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">&#160;</div>
              </td>
              <td style="width: 14.48%; vertical-align: middle; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">39,223.7</div>
              </td>
              <td style="width: 10.32%; vertical-align: middle; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">&#160;</div>
              </td>
              <td style="width: 11.72%; vertical-align: middle; border-bottom: #000000 2px solid;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">(11.3)</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;"> </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;">
    <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Fourth quarter advertising sales</font> increased by 0.3% to Ps.6,581.6 million compared with Ps.6,565.1 million in fourth quarter 2018. Core
      private sector advertising sales were down marginally by 1.0%.</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Full year advertising sales</font> decreased by 8.2%. The decrease is substantially explained by a significant drop in government advertising.
      Core private sector advertising sales were down by 1.8% for the full year.</div>
  </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;">
      <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Fourth quarter Network Subscription revenues</font> increased by 1.9% to Ps.1,276.0 million compared with Ps.1,251.6 million in fourth quarter
        2018.</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Full year Network Subscription revenue</font> increased by 2.6%, mainly due to a price increase.</div>
    </div>
  </div>
  <div style="text-align: justify;"><u>Licensing and Syndication</u></div>
  <div><br>
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Fourth quarter Licensing and Syndication sales</font> increased by 7.7% to Ps.3,044.0 million from Ps.2,826.1 million in fourth
    quarter 2018. Royalties from Univision increased 15.2%, reaching U.S.$101.3 million dollars in fourth quarter 2019 compared to U.S.$88.0 million dollars in fourth quarter 2018. For the full year 2019 royalties from Univision increased by 1.4%, reaching
    U.S.$389.1 million dollars, achieving a record high.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Fourth quarter operating segment income,</font> increased by 7.1% to Ps.4,324.2 million compared with Ps.4,036.7 million in
    fourth quarter 2018. The margin was 39.7%, 180 bps higher than 2018.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Full-year operating segment income, </font>excluding the non-recurring licensing revenue, decreased by 6.0% to Ps.12,632.1
    million compared with Ps.13,444.6 million in 2018. The margin was 36.3%, in line with the previous year.</div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"> <br>
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"> <br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
    <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-size: 14pt; font-weight: bold;">Other Businesses</font></div>
  <div><br>
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Fourth quarter sales </font>decreased by 17.5% to Ps.1,933.9 million compared with Ps.2,344.0 million in fourth quarter 2018.
    The decrease is mainly explained by lower revenues in our film distribution and publishing businesses.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Full year sales </font>increased by 6.3% to Ps.8,200.3 million compared with Ps.7,715.5 million in 2018. The increase in
    revenues was mainly driven by performance in our soccer and gaming businesses, partially compensated by our publishing and film distribution businesses.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Fourth quarter operating segment income</font> decreased by 27.8% to Ps.96.7 million compared with Ps.133.9 million in fourth
    quarter 2018. The decrease is mainly explained by the performance in our film distribution and soccer businesses.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><font style="font-weight: bold;">Full year operating segment income</font> increased by 256.7% to Ps.1,464.2 million compared with Ps.410.5 million in 2018,
    mainly reflecting an increase in soccer, gaming and film distribution businesses, partially compensated by the performance of our publishing business.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">Corporate Expense</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; margin-right: 2.15pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Corporate expense decreased by Ps.266.3 million, or 12.4%, to Ps.1,888.4 in 2019, from Ps.2,154.7 million in 2018. This decrease reflected
    primarily a lower share-based compensation expense.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; margin-right: 2.15pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Share-based compensation expense in 2019 and 2018, amounted to Ps.1,129.6 million and Ps.1,327.5 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><br>
  </div>
  <div style="text-align: justify;"><font style="font-weight: bold;">Other Income or 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;">
      <div style="margin-right: 2.15pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Other income or expense, net, changed by Ps.2,657.9 million, to other expense, net, of Ps.1,095.6 million in 2019, from other income, net, of Ps.1,562.3
        million in 2018. This unfavorable change reflected primarily:</div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6d9cf6bd2d2848c2ababc2838b410841">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">I.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">the absence in 2019 of a Ps.3,513.8 million pretax gain on disposition of our 19.9% stake in Imagina Media Audiovisual, S. L. (&#8220;Imagina&#8221;), a
                  Spanish media group, which sale was closed in June 2018; and</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6dae64ea996d4ae587996d7324bf5744">

            <tr>
              <td style="width: 36pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">II.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">a higher expense related to legal, financial and accounting advisory and professional services.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">8</font></div>
    <div style="page-break-after: always;" id="DSPFPageBreak">
      <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;">
    <div style="margin-right: 2.15pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">These unfavorable variances were mainly offset by:</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7eaf95bc5eea4704b2a4b042c766511f">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">I.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">the absence in 2019 of other taxes paid by Sky in Central America in 2018;</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc548ceeb68f44bdaaf0f28e7c8fc307f">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">II.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">a lower loss on disposition of property and equipment; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf634fbd9b3314c988721c43cd77eb5e5">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">III.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">interest income on asset tax recovered from prior years.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="margin-right: 2.15pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">The following table sets forth the breakdown of cash and non-cash other (expense) income, net, stated in millions of Mexican pesos, for the years ended
      December 31, 2019 and 2018.</div>
  </div>
  <div style="text-align: justify; line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">
    <table cellspacing="0" cellpadding="0" border="0" align="center" style="border-collapse: collapse; width: 50%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" id="zc47c0fc4c66d464797b805772bb0fc0f">

        <tr>
          <td style="width: 43%; vertical-align: middle; 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: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Other (expense) income, net</div>
          </td>
          <td style="width: 23%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">2019</div>
          </td>
          <td style="width: 34%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">2018</div>
          </td>
        </tr>
        <tr>
          <td style="width: 43%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Cash</div>
          </td>
          <td style="width: 23%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(765.0)</div>
          </td>
          <td style="width: 34%; vertical-align: bottom;">
            <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">2,600.0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 43%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Non-cash</div>
          </td>
          <td style="width: 23%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(330.6)</div>
          </td>
          <td style="width: 34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(1,037.7)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 43%; vertical-align: middle; 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: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">Total</div>
          </td>
          <td style="width: 23%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(1,095.6)</div>
          </td>
          <td style="width: 34%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,562.3</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;"> </div>
    <div style="line-height: 12.55pt; margin-bottom: 10pt; font-family: 'Times New Roman',Times,serif;">
      <p class="MsoNormal" style="margin-top: 0in; margin-right: 2.15pt; margin-left: 0in; margin-bottom: .0001pt; text-justify: inter-ideograph; mso-pagination: none; tab-stops: 446.55pt right 6.3in;"><font style="font-size: 10.0pt;font-family:'Times New Roman',serif">The following table sets forth finance (expense) income, net, stated in millions of Mexican pesos for the years ended December 31, 2019 and 2018.</font></p>
    </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" style="border-collapse: collapse; width: 75%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" id="z17fe39e8f04148cc9e4a69572029309e">

          <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: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">2019</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: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">2018</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: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">(Increase)</div>
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; 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: 11.4pt; font-family: 'Times New Roman', serif;">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: 11.4pt; font-family: 'Times New Roman', serif;">(10,402.0)</div>
            </td>
            <td style="width: 16.75%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(9,707.3)</div>
            </td>
            <td style="width: 15.82%; vertical-align: top; border-top: #000000 2px solid;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(694.7)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 52.46%; vertical-align: top; border-right: #000000 2px solid;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Interest income</div>
            </td>
            <td style="width: 14.97%; vertical-align: top; border-left: #000000 2px solid;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,529.1</div>
            </td>
            <td style="width: 16.75%; vertical-align: top;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,567.1</div>
            </td>
            <td style="width: 15.82%; vertical-align: top;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(38.0)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 52.46%; vertical-align: top; border-right: #000000 2px solid;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Foreign exchange gain, net</div>
            </td>
            <td style="width: 14.97%; vertical-align: top; border-left: #000000 2px solid;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">935.3</div>
            </td>
            <td style="width: 16.75%; vertical-align: top;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">220.1</div>
            </td>
            <td style="width: 15.82%; vertical-align: top;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">715.2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 52.46%; vertical-align: top; border-right: #000000 2px solid;">
              <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Other finance expense, net</div>
            </td>
            <td style="width: 14.97%; vertical-align: top; border-left: #000000 2px solid;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(873.2)</div>
            </td>
            <td style="width: 16.75%; vertical-align: top;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(859.6)</div>
            </td>
            <td style="width: 15.82%; vertical-align: top;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(13.6)</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: 11.4pt; font-family: 'Times New Roman', serif; 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: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">(8,810.8)</div>
            </td>
            <td style="width: 16.75%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">(8,779.7)</div>
            </td>
            <td style="width: 15.82%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">(31.1)</div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div> </div>
  Finance expense, net, increased by Ps.31.1 million, or 0.4%, to Ps.8,810.8 million in 2019, from Ps.8,779.7 million in 2018.
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; margin-right: 2.25pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">This increase reflected:</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zec3b0047f4984ee89d1dbf20029a0a5d">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="margin-left: 18pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">I.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">a Ps.694.7 million increase in interest expense, primarily due to a higher average principal amount of debt in 2019, as well as interest expense in
              the amount of Ps.426.5 million related to additional lease liabilities recognized beginning on January 1, 2019, in connection with the adoption of IFRS 16, which became effective on that date;</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zea4708a69f6d444481f1b02b06881e0b">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="margin-left: 18pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">II.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">a Ps.38.0 million decrease in interest income, primarily explained by a lower average amount of cash equivalents; and</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z04bbd97a3de74a59bc9b6d9efd6e5a6d">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="margin-left: 18pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">III.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">a Ps.13.6 million increase in other finance expense, net, resulting primarily from changes in fair value of our derivative contracts.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; margin-right: 2.15pt; line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">These unfavorable variances were partially offset by a Ps.715.2 million increase in foreign exchange gain, net,
    resulting primarily from the effect of a 4.0% appreciation of the Mexican peso against the U.S. dollar in 2019, in comparison with a 0.2% appreciation in 2018, on our average net U.S. dollar liability position.</div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">9</font></div>
    <div style="page-break-after: always;" id="DSPFPageBreak">
      <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;">
    <div style="margin-right: 2.15pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Share of income of associates and joint ventures, net, increased by Ps.48.2 million, or 9.0%, to Ps.581.1 million in 2019, from Ps.532.9 million in 2018.
      This increase reflected mainly a higher share of income of Univision Holdings, Inc. or UHI, the controlling company of Univision Communications Inc., which was partially offset by the absence of share of income of Ocesa Entretenimiento, S.A. de C.V.
      (&#8220;OCEN&#8221;), for the last five months of 2019, as we classified our investment in OCEN as current assets held for sale, in connection with a related sale agreement.</div>
  </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; margin-right: 2.15pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Income taxes decreased by Ps.1,614.0 million, or 36.8%, to Ps.2,776.5 million in 2019, compared with Ps.4,390.5 million in 2018. This
    decrease reflected mainly a lower income tax base, as well as a reduction in effective income tax rate.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: left; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">Net Income Attributable to Non-controlling Interests</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; margin-right: 2.15pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Net income attributable to non-controlling interests decreased by Ps.125.2 million, or 7.8%, to Ps.1,480.7 million in 2019, compared with
    Ps.1,605.9 million in 2018. This decrease reflected primarily a lower portion of net income attributable to non-controlling interests in our Sky segment.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: left; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">Capital Expenditures</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">During 2019, we invested approximately U.S.$992.2 million dollars in property, plant and equipment as capital expenditures. The following table sets forth the
    breakdown of capital expenditures for 2019 and 2018.</div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"> <br>
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">
    <table cellspacing="0" cellpadding="0" border="0" align="center" style="border-collapse: collapse; width: 50%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" id="z5e73922362c542f7a59380883dbf0e31">

        <tr>
          <td style="width: 47.42%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">
            <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-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">2019</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-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">2018</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; font-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">675.3</div>
          </td>
          <td style="width: 27.77%; vertical-align: middle; border-top: #000000 2px solid;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">665.5</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; font-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">209.1</div>
          </td>
          <td style="width: 27.77%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">209.6</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; font-family: 'Times New Roman',Times,serif;">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; font-family: 'Times New Roman',Times,serif;">107.8</div>
          </td>
          <td style="width: 27.77%; vertical-align: middle;">
            <div style="text-align: right; line-height: 10.25pt; font-family: 'Times New Roman',Times,serif;">94.8</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-family: 'Times New Roman',Times,serif; 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-family: 'Times New Roman',Times,serif; font-weight: bold;">992.2</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-family: 'Times New Roman',Times,serif; font-weight: bold;">969.9</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
    </div>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">10</font></div>
    <div style="page-break-after: always;" id="DSPFPageBreak">
      <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;">
      <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif;">The following table sets forth our total consolidated debt, lease liabilities and other notes payable as of December 31, 2019 and 2018. Amounts are stated in millions of Mexican
        pesos.</div>
      <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif;"> <br>
      </div>
      <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z9b3ec867ee31411b923d65a831180480">

            <tr>
              <td style="width: 52%; vertical-align: middle; font-family: 'Times New Roman',Times,serif; font-weight: bold; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 16%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">December 31, 2019</div>
              </td>
              <td style="width: 16%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">December 31, 2018</div>
              </td>
              <td style="width: 15%; vertical-align: middle; font-family: 'Times New Roman',Times,serif; font-weight: bold; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 11.4pt; font-style: italic;">Increase </div>
                <div style="text-align: right; line-height: 11.4pt; font-style: italic;">(Decrease)</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="ze428bb56aa544a7b9bd0695e846cd8f5">

            <tr>
              <td style="width: 52%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Current portion of long-term debt</div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">491.9</div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">988.4</div>
              </td>
              <td style="width: 15%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(496.5)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 52%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Long-term debt, net of current portion</div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">120,444.7</div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">120,983.6</div>
              </td>
              <td style="width: 15%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(538.9)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 52%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="margin-left: 16.7pt; line-height: 11.4pt; font-family: 'Times New Roman', serif; 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%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">120,936.6</div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">121,972.0</div>
              </td>
              <td style="width: 15%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">(1,035.4)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 52%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Current portion of long-term lease liabilities</div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,257.8</div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">651.8</div>
              </td>
              <td style="width: 15%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">606.0</div>
              </td>
            </tr>
            <tr>
              <td style="width: 52%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Long-term lease liabilities, net of current portion</div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">8,105.8</div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">4,666.1</div>
              </td>
              <td style="width: 15%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">3,439.7</div>
              </td>
            </tr>
            <tr>
              <td style="width: 52%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="margin-left: 16.7pt; line-height: 11.4pt; font-family: 'Times New Roman',serif; font-weight: bold;">Total lease liabilities <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman',serif; font-weight: bold;">9,363.6</div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman',serif; font-weight: bold;">5,317.9</div>
              </td>
              <td style="width: 15%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman',serif; font-weight: bold;">4,045.7</div>
              </td>
            </tr>
            <tr>
              <td style="width: 52%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Current portion of other notes payable</div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,324.1</div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,288.4</div>
              </td>
              <td style="width: 15%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">35.7</div>
              </td>
            </tr>
            <tr>
              <td style="width: 52%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Other notes payable, net of current portion</div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">-</div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,288.4</div>
              </td>
              <td style="width: 15%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(1,288.4)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 52%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="margin-left: 16.7pt; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">Total other notes payable <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup></div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman',serif; font-weight: bold;">1,324.1</div>
              </td>
              <td style="width: 16%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman',serif; font-weight: bold;">2,576.8</div>
              </td>
              <td style="width: 15%; vertical-align: top;">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman',serif; font-weight: bold;">(1,252.7)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 52%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="margin-left: 16.7pt; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">Total debt, lease liabilities and other notes payable</div>
              </td>
              <td style="width: 16%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman',serif; font-weight: bold;">131,624.3</div>
              </td>
              <td style="width: 16%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman',serif; font-weight: bold;">129,866.7</div>
              </td>
              <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman',serif; font-weight: bold;">1,757.6</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif;"> </div>
      <div style="line-height: 12.55pt; font-family: 'Times New Roman',serif;"> </div>
    </div>
    <div style="text-align: left; line-height: 12.55pt; margin-bottom: 10pt;"> </div>
  </div>
  <div style="text-align: justify;"><font style="font-weight: normal;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"></sup></font></div>
  <div style="text-align: justify; line-height: 11.4pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1) </sup>As of December 31, 2019 and 2018, total debt is presented net of finance costs in the amount of Ps.1,441.6 million and
    Ps.1,152.7 million, respectively, and does not include related accrued interest payable in the amount of Ps.1,943.9 million and Ps.1,120.0 million, respectively.</div>
  <div style="text-align: justify; line-height: 11.4pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup> Beginning on January 1, 2019, we adopted IFRS 16, which became effective on that date. As a result, we (i) recognized
    right-of-use assets and lease liabilities as of January 1, 2019, in the amount of Ps.4,750.4 million for those long-term lease agreements that we accounted for as operating leases through December 31, 2018; and (ii) classified as right-of-use assets
    and lease liabilities as of January 1, 2019, the carrying values of property and equipment and related liabilities that we accounted for as finance leases through December 31, 2018, in the amount of Ps.3,402.9 million and Ps.5,317.9 million,
    respectively.</div>
  <div style="text-align: left; line-height: 11.4pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</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 style="text-align: left; line-height: 11.4pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif;">
    <div style="text-align: justify; margin-right: 2.15pt; font-family: 'Times New Roman', Times, serif;">On October 3, 2019, we prepaid all of the outstanding Mexican peso Notes due 2020, in the principal amount of Ps.10,000.0 million.</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 2.15pt; font-family: 'Times New Roman', Times, serif;">As of December 31, 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.93,733.1 million. The aggregate amount of non-current investments in financial instruments included in our consolidated net debt position as of December 31,
      2019, amounted to Ps.10,439.2 million.</div>
    <div><br>
    </div>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">11</font></div>
    <div style="page-break-after: always;" id="DSPFPageBreak">
      <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;">Shares Outstanding</font>
  <div><br>
  </div>
  <div style="text-align: justify; margin-right: 2.15pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">As of December 31, 2019 and 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 CPO equivalents, 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: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; margin-right: 2.15pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">As of December 31, 2019 and 2018, the GDS (Global Depositary Shares) equivalents outstanding amounted to 576.5 million and 578.3 million
    GDS equivalents, respectively. The number of GDS equivalents is calculated by dividing the number of CPO equivalents by five.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: left; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">Sustainability</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">During 2019, Televisa was selected for the 2019 Dow Jones Sustainability (DJSI) MILA Pacific Alliance Index and was one of only three Mexican companies to be
    selected for the 2019 DJSI Emerging Markets Index. Also, Televisa was included as a constituent of the 2019 FTSE4Good Emerging Markets and Emerging Latin America Indices. In addition, the Company was confirmed as a constituent of the IPC Sustentable
    (Sustainability Index) of the Bolsa Mexicana de Valores (Mexican Stock Exchange) and S&amp;P. Finally, Televisa was also confirmed as a signatory of the United Nations Global Compact, the world&#8217;s largest corporate sustainability initiative.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">In addition, in January 2020, for a second consecutive year, the Company has been selected as one of only five Mexican companies to be included in the 2020
    Bloomberg Gender-Equality Index (GEI). With this, Bloomberg recognizes Televisa&#8217;s commitment to advancing gender equality and its continuous effort to build a diverse workforce that promotes an inclusive culture. The GEI is a reference index which
    includes 325 firms committed to transparency in gender reporting and advancing in gender equality among nearly 6,000 companies across 84 countries.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: left; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">Additional Information Available on Website</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', 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 style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">12</font></div>
    <div style="page-break-after: always;" id="DSPFPageBreak">
      <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;">
      <div style="line-height: 11.4pt; font-family: 'Times New Roman', 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 70 countries through 25 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, professional sports and live entertainment, feature- film production and distribution, and gaming.</div>
    </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;">
      <div style="text-align: left; line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', 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>
  <div style="text-align: justify;"><font style="font-style: italic;">(Please see attached tables for financial information and ratings data)</font></div>
  <div><font style="font-weight: bold;"><br>
    </font> </div>
  <font style="font-weight: bold;"> </font>
  <div style="text-align: center; font-weight: bold;"><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: 11.4pt; font-family: 'Times New Roman', serif;">Rub&#233;n Acosta / Tel: (52 55) 5224 6420 / <u>racostamo@televisa.com.mx</u></div>
  <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Teresa Villa / Tel: (52 55) 4438 1205 / <u>atvillas@televisa.com.mx</u></div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">13</font></div>
    <div style="page-break-after: always;" id="DSPFPageBreak">
      <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: 13.1pt; font-family: 'Times New Roman', serif; font-weight: bold;">GRUPO TELEVISA, S.A.B.</div>
  <div style="text-align: center; line-height: 13.1pt; font-family: 'Times New Roman', serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION</div>
  <div style="text-align: center; line-height: 13.1pt; font-family: 'Times New Roman', serif; font-weight: bold;">AS OF DECEMBER 31, 2019 AND 2018</div>
  <div style="text-align: center; line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman',serif; font-weight: bold;">(Millions of Mexican Pesos)</div>
  <div><br>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z2932f43cd9bc41cc84c06a1962b17f88" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">
            <div style="text-align: center; line-height: 13.1pt; font-family: 'Times New Roman', serif;">December 31,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">
            <div style="text-align: center; line-height: 13.1pt; font-family: 'Times New Roman', serif;">December 31<font style="font-weight: bold;">,</font></div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">
            <div style="text-align: center; line-height: 13.1pt; font-family: 'Times New Roman', serif;"> 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">
            <div style="text-align: center; line-height: 13.1pt; font-family: 'Times New Roman', serif;">2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">
            <div style="text-indent: 76.55pt; line-height: 13.1pt; font-family: 'Times New Roman', serif; font-weight: bold;">ASSETS</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 13.1pt; font-family: 'Times New Roman', serif;">(Unaudited)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 13.1pt; font-family: 'Times New Roman', serif;">(Audited)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">Current assets:</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Cash and cash equivalents</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">Ps.</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">27,452.0</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">Ps.</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">32,068.3</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 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: 13.1pt; font-family: 'Times New Roman', serif;">Temporary investments</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">31.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Trade notes and accounts receivable, net</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">14,330.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">19,748.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Other accounts and notes receivable, net</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">10,519.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">6,376.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Derivative financial instruments</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">1.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">115.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Due from related parties</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">814.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">1,078.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Transmission rights and programming</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">6,710.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">7,785.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Inventories</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">1,151.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">1,026.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Contract costs</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">1,379.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">1,143.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Assets held for sale</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">2,369.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 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: 13.1pt; font-family: 'Times New Roman', serif;">Other current assets</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">3,298.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">2,679.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 49.9pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Total current assets</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">68,027.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">72,052.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">Non-current assets:</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Derivative financial instruments</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">2.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">919.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Transmission rights and programming</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">8,012.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">9,229.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Investments in financial instruments</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">44,265.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">49,203.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Investments in associates and joint ventures</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">9,068.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">10,546.7</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">83,329.2</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">87,342.5</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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          <td valign="bottom" style="vertical-align: top; width: 76%;">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">7,553.1</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">-</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
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            <div style="text-indent: 28.6pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Intangible assets, net</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">43,329.0</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">43,063.5</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%;">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">24,250.1</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">22,181.8</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 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: 13.1pt; font-family: 'Times New Roman', serif;">Contract costs</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">2,311.8</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">2,227.7</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 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: 13.1pt; font-family: 'Times New Roman', serif;">Other assets</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">271.9</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">402.5</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">222,394.9</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">225,117.7</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#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: 13.1pt; font-family: 'Times New Roman', serif;">Total assets</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">Ps.</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">290,422.4</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">Ps.</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">297,170.6</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
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          <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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  <div><br>
  </div>
  <div style="text-align: left;"><font style="font-family: 'Times New Roman',Times,serif;"><br>
    </font><br>
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  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">14</font></div>
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  <div style="text-align: center;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">GRUPO TELEVISA, S.A.B.</div>
  <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION</div>
  <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">AS OF DECEMBER 31, 2019 AND 2018</div>
  <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">(Millions of Mexican Pesos)</div>
  <div style="text-align: center;"><font style="font-weight: bold;"> <br>
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  <div style="text-align: center;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div>
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          <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
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            <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">December 31,</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
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            <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">December 31<font style="font-weight: bold;">,</font></div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
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            <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;"> 2019</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
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            <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">2018</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">
            <div style="text-indent: 76.55pt; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">LIABILITIES</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(Unaudited)</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(Audited)</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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        <tr>
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            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Current liabilities:</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Current portion of long-term debt and interest payable</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Ps.</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">2,435.8</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Ps.</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">2,108.4</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Current portion of lease liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,257.8</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">651.8</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Current portion of other notes payable</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,324.1</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,288.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Derivative financial instruments</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">568.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">148.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Trade accounts payable and accrued expenses</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">20,909.7</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">22,029.5</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Customer deposits and advances</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">5,731.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">13,637.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Income taxes payable</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">2,470.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">3,054.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Other taxes payable</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">3,448.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,280.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Employee benefits</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">911.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,067.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Due to related parties</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">644.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">714.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.35pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Liabilities related to assets held for sale</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">432.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">-</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 28.35pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Other current liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">2,233.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">2,550.8</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 49.65pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Total current liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">42,368.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">48,531.5</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Non-current liabilities:</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.35pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Long-term debt, net of current portion</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">120,444.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">120,983.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.35pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Lease liabilities, net of current portion</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">8,105.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">4,666.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.35pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Other notes payable, net of current portion</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,288.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.35pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Derivative financial instruments</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">346.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Income taxes payable</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,759.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">3,141.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Deferred income tax liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">7,052.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">8,390.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Post-employment benefits</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,468.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">962.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 28.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Other long-term liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">3,376.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">4,676.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 49.65pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Total non-current liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">142,553.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">144,108.5</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 49.65pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Total liabilities</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">184,922.1</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">192,640.0</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 92.15pt; line-height: 13.1pt; font-family: 'Times New Roman', serif; font-weight: bold;">EQUITY</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">Capital stock</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">4,907.8</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">4,907.8</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">Additional paid-in-capital</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">15,889.8</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">15,889.8</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">20,797.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">20,797.6</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">Retained earnings:</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.35pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Legal reserve</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">2,139.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">2,139.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 28.35pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Unappropriated earnings</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">75,666.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">70,362.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 28.35pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Net income for the period</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">4,722.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">6,009.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">82,527.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">78,510.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">Accumulated other comprehensive income, net</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">1,320.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">4,427.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">Shares repurchased</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">(14,018.8</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">(14,219.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">69,828.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">68,719.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%;">
            <div style="text-indent: 49.5pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Equity attributable to stockholders of the Company</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">90,626.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">89,516.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">Non-controlling interests</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">14,873.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">15,013.8</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
            <div style="text-indent: 49.65pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Total equity</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">105,500.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">104,530.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 4px;">
            <div style="text-indent: 49.65pt; line-height: 13.1pt; font-family: 'Times New Roman', serif;">Total liabilities and equity</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">Ps.</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">290,422.4</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 13.1pt; font-family: 'Times New Roman', serif;">297,170.6</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 76%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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  </div>
  <div> </div>
  <div><br>
  </div>
  <br>
  <div><br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">15</font></div>
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      <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: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">GRUPO TELEVISA, S.A.B.</div>
  <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF INCOME FOR THE</div>
  <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">&#160;THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2019 AND 2018</div>
  <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">(Millions of Mexican Pesos)</div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z4104496d6cc944b0aa7bf9cee99e4bb2" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

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          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
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            <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Three months ended December 31,</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: top;">
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">
            <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;"> 2019</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">
            <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">2018</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">
            <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;"> 2019</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">
            <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;"> 2018</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(Unaudited)</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(Unaudited)</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(Unaudited)</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(Audited)</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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          <td valign="bottom" style="vertical-align: bottom; width: 52%;">
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          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">28,003.2</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Ps.</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">26,735.3</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Ps.</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">101,492.2</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Ps.</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">101,282.3</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 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" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">16,699.4</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">15,490.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">58,725.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">57,839.3</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Selling expenses</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">2,848.9</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">2,986.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">11,193.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">11,023.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Administrative expenses</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">3,187.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">3,505.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">13,269.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">13,729.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%;">
            <div style="text-indent: 21.55pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Income before other expense</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">5,267.2</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">4,753.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">18,304.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">18,690.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Other (expense) income, net</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">(234.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">(1,089.0</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">(1,095.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">)</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,562.3</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
            <div style="text-indent: 21.25pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Operating income</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">5,032.9</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">3,664.3</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">17,209.0</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">20,252.6</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Finance expense</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">(3,117.1</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">(2,973.4</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">(11,275.2</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">(10,566.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Finance income</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,719.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">658.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">2,464.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">1,787.2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
            <div style="text-indent: 21.25pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Finance expense, net</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">(1,398.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">(2,314.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">(8,810.8</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">(8,779.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">)</div>
          </td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
            <div style="text-indent: 14.15pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Share of income (lost) of associates and joint ventures, net</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">91.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">(378.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">581.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">532.9</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%;">
            <div style="text-indent: 21.25pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Income before income taxes</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">3,726.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">971.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">8,979.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">12,005.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Income taxes</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">803.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">591.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">2,776.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">4,390.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 4px;">
            <div style="text-indent: 21.25pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Net income</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Ps.</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">2,922.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Ps.</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">380.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Ps.</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">6,202.8</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Ps.</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">7,615.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: bottom; width: 52%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">2,506.1</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
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            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">4,722.1</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
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          <td valign="bottom" style="vertical-align: bottom; width: 52%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <div style="text-indent: 14.15pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Basic earnings per CPO attributable to stockholders of the Company</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">0.86</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">0.02</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">1.63</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">2.07</div>
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          <td valign="bottom" rowspan="1" style="vertical-align: bottom; width: 52%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
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  <div> </div>
  <div><br>
  </div>
  <div><br>
  </div>
  <br>
  <div><br>
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  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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  <div style="text-align: center; margin-bottom: 10pt;">SIGNATURE</div>
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      <div style="line-height: 11.4pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
        undersigned, thereunto duly authorized.</div>
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  <div style="text-align: left; margin-bottom: 10pt;">&#160;</div>
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        <td style="width: 1.38%; vertical-align: bottom;">&#160;</td>
        <td style="width: 3.82%; vertical-align: middle;">&#160;</td>
        <td style="width: 1.38%; vertical-align: bottom;">&#160;</td>
        <td style="width: 6.16%; vertical-align: middle;">&#160;</td>
        <td style="width: 1.38%; vertical-align: bottom;">&#160;</td>
        <td style="width: 42.45%; vertical-align: middle;">&#160;</td>
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        <td style="width: 43.43%; vertical-align: top;">&#160;</td>
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        <td style="width: 3.82%; vertical-align: top;">&#160;</td>
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        <td style="width: 43.43%; vertical-align: top;">&#160;</td>
        <td style="width: 1.38%; vertical-align: bottom;">
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          <div style="text-align: left;">Dated: February 24, 2020</div>
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            <div>/s/ Luis Alejandro Bustos Olivares&#160;</div>
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        <td style="width: 43.43%; vertical-align: top;">&#160;</td>
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        <td style="width: 3.82%; vertical-align: top;">&#160;</td>
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        <td style="width: 43.43%; vertical-align: top;">&#160;</td>
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        <td style="width: 3.82%; vertical-align: top;">&#160;</td>
        <td style="width: 1.38%; vertical-align: bottom;">
          <div style="text-align: left;">&#160;</div>
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          <div style="text-align: left;">Title:</div>
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          <div style="text-align: left;">&#160;</div>
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          <div style="text-align: left;">Legal Vice President and General Counsel</div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
