<SEC-DOCUMENT>0000895345-20-001044.txt : 20201027
<SEC-HEADER>0000895345-20-001044.hdr.sgml : 20201027
<ACCEPTANCE-DATETIME>20201026210457
ACCESSION NUMBER:		0000895345-20-001044
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20201022
FILED AS OF DATE:		20201027
DATE AS OF CHANGE:		20201026

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:		201261871

	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>jw6k3qfinanshort2020_grupo.htm
<TEXT>
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  <div style="text-align: center; margin-top: 4pt;"><font style="font-size: 18pt; font-weight: bold;">UNITED STATES</font></div>
  <div style="text-align: center;"><font style="font-size: 18pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
  <div style="text-align: center;"><font style="font-weight: bold;">Washington, D.C. 20549</font></div>
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    <div style="text-align: center; margin-bottom: 2pt;">&#160;</div>
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  <div style="text-align: center; margin-top: 12pt; margin-bottom: 10pt;"><font style="font-size: 18pt; font-weight: bold;">FORM 6-K</font></div>
  <div>
    <div style="text-align: center; margin-bottom: 2pt;">&#160;</div>
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      <hr noshade="noshade" align="center" style="height: 2px; width: 100%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
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  <div style="text-align: center; margin-top: 12pt;"><font style="font-weight: bold;">REPORT OF FOREIGN ISSUER</font></div>
  <div style="text-align: center;"><font style="font-weight: bold;">PURSUANT TO RULES 13a-16 OR 15d-16</font></div>
  <div style="text-align: center;"><font style="font-weight: bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</font></div>
  <div style="text-align: center; margin-top: 12pt; margin-bottom: 10pt;"><font style="font-weight: bold;">For the month of October, 2020</font></div>
  <div style="text-align: center; margin-top: 12pt; margin-bottom: 10pt;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div>
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      <hr noshade="noshade" align="center" style="height: 2px; width: 100%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"><font style="font-family: 'Times New Roman',Times,serif;">&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 24pt; font-weight: bold;">GRUPO TELEVISA, S.A.B.</font></div>
  </div>
  <div style="text-align: center;"><font style="font-weight: bold;">(Translation of registrant&#8217;s name into English)</font></div>
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    <div style="text-align: center; margin-bottom: 2pt;">&#160;</div>
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  <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: left;"><img width="87" height="71" src="image0.jpg"></div>
            <div>&#160;</div>
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            <div>
              <div style="text-align: right; font-family: Arial,Helvetica,'sans-serif'; font-size: 14pt; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(106, 106, 106); font-style: normal; font-variant: normal; text-transform: none;">Investor










                Relations</div>
              <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(106, 106, 106); font-family: Arial,Helvetica,'sans-serif'; font-size: 14pt; font-style: normal; font-variant: normal; text-transform: none;"> </font></div>
            <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(106, 106, 106); font-family: Arial,Helvetica,'sans-serif'; font-size: 14pt; font-style: normal; font-variant: normal; text-transform: none;"> </font>
            <div style="text-align: right; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(106, 106, 106); font-family: Arial,Helvetica,'sans-serif'; font-size: 14pt; font-style: normal; font-variant: normal; text-transform: none;">PRESS










              RELEASE</div>
            <div>&#160;</div>
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  <div style="text-align: center; margin-bottom: 10pt; font-family: Arial,Helvetica,'sans-serif'; font-size: 14pt; font-weight: bold;">Televisa Reports Third Quarter 2020 Results</div>
  <font style="font-family: Arial,Helvetica,'sans-serif';"></font>
  <div>
    <div style="text-align: justify; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt; font-weight: bold;"><u>Consolidated</u></div>
    <div style="text-align: justify; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;"><u> <br>
      </u></div>
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      <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="zbb1f159bb2364ce795bfdcf1648a3147">

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            <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
              <div style="margin: 0px 0px 10pt; text-align: justify;">Revenues reached Ps.23.9 billion</div>
            </td>
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              <div style="margin: 0px 0px 10pt; text-align: justify;">Operating Segment Income (&#8220;OSI&#8221;) <font style="font-weight: bold;">margin</font> reached 40.8%,<font style="font-weight: bold;"> the highest since 2016</font></div>
            </td>
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    </div>
    <div> <font style="font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;"> </font><font style="font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;"> </font>
      <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="z79173837dd974fc196abf78d7ed347ab">

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              <div style="margin-left: 18pt;">&#8226;</div>
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            <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
              <div style="margin: 0px 0px 10pt; text-align: justify;">
                <div style="text-align: left; margin-bottom: 10pt;">All three core businesses posted an OSI <font style="font-weight: bold;">margin above 40%</font></div>
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      <font style="font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;"> </font></div>
    <font style="font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;"> </font>
    <div><font style="font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;"> </font> <font style="font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;"> </font><font style="font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;"> </font>
      <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="z5ed0c1c5916d499082ba1d347650db33">

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            <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
              <div style="margin: 0px 0px 10pt; text-align: justify;">
                <div style="text-align: left; margin-bottom: 10pt; font-family: Arial,Helvetica,sans-serif;">Closed with a <font style="font-weight: bold;">strong position of liquidity</font> of approximately Ps.52 billion</div>
              </div>
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    </div>
    <div> </div>
    <div style="text-align: justify; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;"><u> <br>
      </u></div>
    <div style="text-align: justify; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt; font-weight: bold;"><u>Cable</u></div>
    <div style="text-align: justify; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;"><u> <br>
      </u></div>
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      <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="z5d048bd0e745475ea258c89077ffb658">

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              <div style="margin-left: 18pt;">&#8226;</div>
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              <div style="margin: 0px 0px 10pt; text-align: justify;">
                <div style="text-align: left; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><font style="font-size: 11pt; font-family: Arial,Helvetica,sans-serif; font-weight: bold;">Growth of 448 thousand Revenue
                    Generating Units</font><font style="font-size: 11pt;"> (&#8220;RGUs&#8221;), reaching 13.9 million</font></div>
              </div>
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    </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="z90af2807a8a84438850b144eeed7070a">

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            <td style="width: 36pt; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
              <div style="margin-left: 18pt;">&#8226;</div>
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            <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
              <div style="margin: 0px 0px 10pt; text-align: justify;">
                <div style="text-align: left; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><font style="font-size: 11pt; font-family: Arial,Helvetica,sans-serif; font-weight: bold;">Net broadband RGUs</font><font style="font-size: 11pt;">&#160;<font style="font-family: Arial,Helvetica,sans-serif; font-weight: bold;">additions of 234 thousand</font>, the 2<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup> fastest pace of organic growth on record</font></div>
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    </div>
    <div> </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="zd54efe3dc4424b3e93d987c627334d80">

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            <td style="width: 36pt; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
              <div style="margin-left: 18pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
              <div style="text-align: justify;">
                <div style="text-align: left; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><font style="font-size: 11pt; font-family: Arial,Helvetica,sans-serif; font-weight: bold;">Strong revenue growth of 7.9%,</font><font style="font-size: 11pt;"> reaching Ps.11.4 billion, and OSI growth of 7%</font></div>
              </div>
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    </div>
    <div style="text-align: justify; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;"><u><font style="font-size: 11pt;"> </font><br>
      </u></div>
    <div style="text-align: justify; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt; font-weight: bold;"><u>Sky</u></div>
    <div style="text-align: justify; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt; font-weight: bold;"><u> <br>
      </u></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="z48bedb5664cc4988941c1ee96e42385e">

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              <div style="margin-left: 18pt;">&#8226;</div>
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            <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
              <div style="margin: 0px 0px 10pt; text-align: justify;">
                <div style="text-align: left; margin-bottom: 10pt; font-family: Arial,Helvetica,sans-serif;">A combined <font style="font-weight: bold;">8.1 million</font> video and broadband <font style="font-weight: bold;">RGUs, the highest number on
                    record</font></div>
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    </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="zc018c5b28c6b423cb6b36cf0c079dd36">

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            <td style="width: 36pt; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
              <div style="margin-left: 18pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
              <div style="margin: 0px 0px 10pt; text-align: justify;">
                <div style="text-align: left; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><font style="font-size: 11pt; font-family: Arial,Helvetica,sans-serif; font-weight: bold;">Net additions of video RGUs</font><font style="font-size: 11pt;"> for the sixth consecutive quarter</font></div>
              </div>
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    </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="z4b2d01b44cb74044bfef135741f45ffd">

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              <div style="margin-left: 18pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
              <div style="margin: 0px 0px 10pt; text-align: justify;">
                <div style="text-align: left; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;"><font style="font-size: 11pt; font-family: Arial,Helvetica,sans-serif; font-weight: bold;">Record net broadband RGUs additions</font><font style="font-size: 11pt;"> of 92 thousand, reaching close to 600 thousand</font></div>
              </div>
            </td>
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      </table>
    </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="ze70d6a7c77e74a12931353172341fa34">

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            <td style="width: 36pt; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
              <div style="margin-left: 18pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
              <div style="text-align: justify;">
                <div style="margin: 0px 0px 10pt; font-family: Arial, Helvetica, 'sans-serif'; font-size: 10pt; text-align: left;"><font style="font-size: 11pt; font-family: Arial,Helvetica,sans-serif; font-weight: bold;">Revenue growth of 4.9%,</font><font style="font-size: 11pt;"> the fastest pace of growth in 15 quarters</font></div>
              </div>
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    </div>
    <div style="text-align: justify; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;"> </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">

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              <div style="margin-left: 18pt;">&#8226;</div>
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              <div style="text-align: justify;">
                <div style="margin: 0px 0px 10pt; font-family: Arial, Helvetica, 'sans-serif'; font-size: 10pt; text-align: left;"><font style="font-size: 11pt;">OSI reached Ps.2.4 billion with a <font style="font-weight: bold;">strong margin of 43.5%</font></font><font style="font-size: 11pt;"></font></div>
              </div>
            </td>
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      <br>
      <div style="text-align: justify; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;"><u>Content</u></div>
      <div style="text-align: justify; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;"><u> <br>
        </u></div>
      <div style="text-align: justify; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;">
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                  <div style="margin: 0px 0px 10pt; text-align: justify;"><font style="font-weight: bold;">Audience growth y-o-y of 30%</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> in our flagship network</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
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                  <div style="margin-left: 18pt;">&#8226;</div>
                </td>
                <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
                  <div style="margin: 0px 0px 10pt; text-align: justify;">
                    <div style="text-align: left; margin-bottom: 10pt; font-family: Arial,Helvetica,sans-serif;">The success of <font style="font-weight: bold;">our content</font> continues to be a <font style="font-weight: bold;">strong ratings driver
                        for Univision</font></div>
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                </td>
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          </table>
        </div>
        <div>
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                  <div style="margin-left: 18pt;">&#8226;</div>
                </td>
                <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
                  <div style="margin: 0px 0px 10pt; text-align: justify;">
                    <div style="text-align: left; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;">A<font style="font-size: 11pt;">d Revenue was down 13%, a <font style="font-family: Arial,Helvetica,sans-serif; font-weight: bold;">substantial improvement compared to 2nd quarter</font></font></div>
                  </div>
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          </table>
        </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">

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                <td style="width: 36pt; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
                  <div style="margin-left: 18pt;">&#8226;</div>
                </td>
                <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt;">
                  <div style="text-align: justify;">
                    <div style="margin: 0px 0px 0pt; text-align: left;">On track to realize <font style="font-weight: bold;">savings of approximately Ps.2.1 billion</font> for the full year</div>
                  </div>
                </td>
              </tr>

          </table>
        </div>
      </div>
    </div>
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            <div style="text-align: justify;">
              <div style="text-align: left; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;">
                <div style="margin-bottom: 10pt; font-family: Arial,Helvetica,sans-serif; font-size: 11pt;">Revenues were down 7.2%, while <font style="font-weight: bold;">OSI margin reached a four year record high of 41.0%</font></div>
              </div>
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    <div>
      <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Earnings Call Date and Time: Friday, October 23, 2020, at 10:00 A.M. ET.</div>
      <div><br>
      </div>
    </div>
    <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;">Conference ID # is 7681757</div>
    <div>
      <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;">From the U.S.: +1 (877) 850 2115&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; From Mexico: 800 926 9157</div>
      <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;">International callers: +1 (478) 219 0648&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; Rebroadcast: +1 (404) 537-3406</div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;">The teleconference will be rebroadcast starting at 13:00 ET on October 23 through midnight on November 6.</div>
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  <div style="text-align: left; font-family: Arial,Helvetica,'sans-serif'; font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>&#160;Source: Nielsen. P4+, Monday to Friday, 16:30 to 23:00</div>
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    <div style="text-align: left;"><font style="font-family: 'Times New Roman',Times,serif;"> <br>
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    <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 12pt; font-weight: bold;">Consolidated Results</div>
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    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;"><br>
      <div><font style="font-weight: bold;">Mexico City, October 22, 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 third-quarter 2020. The results have been prepared in accordance
        with International Financial Reporting Standards (&#8220;IFRS&#8221;).</div>
      <div><br>
      </div>
      <div>The following table sets forth condensed consolidated statements of income for the quarters ended September 30, 2020 and 2019, in millions of Mexican pesos:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z4f781ef7c40a45119ac9769ca999ce0d" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 48.32%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" rowspan="2">
              <div style="font-family: Arial, Helvetica, sans-serif; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 9.07%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" rowspan="2">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;20</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">Margin</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" rowspan="2">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
            </td>
            <td style="width: 9.26%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">Margin</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-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; font-family: Arial, Helvetica, sans-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; font-family: Arial, Helvetica, sans-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; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 48.32%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">Net sales</div>
            </td>
            <td nowrap="nowrap" style="width: 9.07%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">23,943.0</div>
            </td>
            <td nowrap="nowrap" style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">100.0</div>
            </td>
            <td nowrap="nowrap" style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">25,786.1</div>
            </td>
            <td nowrap="nowrap" style="width: 9.26%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">100.0</div>
            </td>
            <td nowrap="nowrap" style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(7.1)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 48.32%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">Net income</div>
            </td>
            <td nowrap="nowrap" style="width: 9.07%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">3,639.6</div>
            </td>
            <td nowrap="nowrap" style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">15.2</div>
            </td>
            <td nowrap="nowrap" style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">1,158.6</div>
            </td>
            <td nowrap="nowrap" style="width: 9.26%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">4.5</div>
            </td>
            <td nowrap="nowrap" style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">214.1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 48.32%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">Net income attributable to stockholders of the Company</div>
            </td>
            <td nowrap="nowrap" style="width: 9.07%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">3,349.7</div>
            </td>
            <td nowrap="nowrap" style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">14.0</div>
            </td>
            <td nowrap="nowrap" style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">755.2</div>
            </td>
            <td nowrap="nowrap" style="width: 9.26%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">2.9</div>
            </td>
            <td nowrap="nowrap" style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">343.6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 48.32%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">Segment net sales</div>
            </td>
            <td nowrap="nowrap" style="width: 9.07%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">25,821.7</div>
            </td>
            <td nowrap="nowrap" style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">100.0</div>
            </td>
            <td nowrap="nowrap" style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">27,005.5</div>
            </td>
            <td nowrap="nowrap" style="width: 9.26%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">100.0</div>
            </td>
            <td nowrap="nowrap" style="width: 11.11%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(4.4)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 48.32%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">Operating segment income <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
            </td>
            <td style="width: 9.07%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">10,531.4</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">40.8</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">10,709.6</div>
            </td>
            <td style="width: 9.26%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">39.7</div>
            </td>
            <td style="width: 11.11%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(1.7)</div>
            </td>
          </tr>

      </table>
      <div>
        <table cellspacing="0" cellpadding="0" id="z9426938a34894f83a66ecb94c45d1a3e" class="DSPFListTable" style="font-family: Tahoma, Geneva, sans-serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 14.2pt; vertical-align: top; align: right;">
                <div style="font-family: Arial,Helvetica,'sans-serif'; font-size: 9pt;">(1)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: Arial,Helvetica,'sans-serif'; text-align: justify; text-indent: 0pt; font-size: 9pt;">The operating segment income margin is calculated as a percentage of segment net sales.</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div>Net sales decreased by 7.1% to Ps.23,943.0 million in third-quarter 2020 compared with Ps.25,786.1 million in third-quarter 2019. This decrease was mainly attributable to a decline in Advertising sales and in the Other Businesses segment.
        Operating segment income decreased by 1.7% to Ps.10,531.4 million with a margin of 40.8%.</div>
      <div><br>
      </div>
      <div>Net income attributable to stockholders of the Company amounted to Ps.3,349.7 million in third-quarter 2020 compared with Ps.755.2 million in third-quarter 2019. The net increase of Ps.2,594.5 million, reflected:</div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zfa1c60c102d641b8a15b42aea5053527" class="DSPFListTable" style="font-family: Tahoma, Geneva, sans-serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; font-family: Arial, Helvetica, sans-serif;">I.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">a Ps.3,179.8 million favorable change in finance income or expense, net;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="ze133e8cddbf7445ab2278742d269c1cf" class="DSPFListTable" style="font-family: Tahoma, Geneva, sans-serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; font-family: Arial, Helvetica, sans-serif;">II.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: Arial, Helvetica, 'sans-serif'; text-align: justify; text-indent: 0pt;">a Ps.1,055.4 favorable change in other income or expense, net;</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z16e34f4a0ae64b06be36962ff3ee8720" class="DSPFListTable" style="font-family: Tahoma, Geneva, sans-serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; font-family: Arial, Helvetica, sans-serif;">III.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: Arial, Helvetica, 'sans-serif'; text-align: justify; text-indent: 0pt;">a Ps.113.5 million decrease in net income attributable to non-controlling interests; and</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zd8f0fae988694d5e8cd5ea530b60ffc9" class="DSPFListTable" style="font-family: Tahoma, Geneva, sans-serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; font-family: Arial, Helvetica, sans-serif;">IV.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: Arial, Helvetica, 'sans-serif'; text-align: justify; text-indent: 0pt;">a Ps.85.4 million decrease in depreciation and amortization.</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="margin-bottom: 10pt;">These favorable variances were partially offset by:</div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z248f31480507457992e8781ea8fa5a4f" class="DSPFListTable" style="font-family: Tahoma, Geneva, sans-serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; font-family: Arial, Helvetica, sans-serif;">I.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">a Ps.1,392.4 million increase in income taxes.</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zb80ca42d4d0c4b818909d3baafbefab2" class="DSPFListTable" style="font-family: Tahoma, Geneva, sans-serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; font-family: Arial, Helvetica, sans-serif;">II.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: Arial, Helvetica, 'sans-serif'; text-align: justify; text-indent: 0pt;">a Ps.279.8 million unfavorable change in share of income or loss of associates and joint ventures, net; and</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zabe0c83ba39c4379852957b393b80cd3" class="DSPFListTable" style="font-family: Tahoma, Geneva, sans-serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt; vertical-align: top; align: right;">
                <div style="margin-left: 54pt; font-family: Arial, Helvetica, sans-serif;">III.</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: Arial, Helvetica, 'sans-serif'; text-align: justify; text-indent: 0pt;">a Ps.167.4 million decrease in operating income before depreciation and amortization.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;"><font style="font-weight: bold;"> <br>
      </font></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: Arial; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</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;"><font style="font-size: 14pt; font-weight: bold;"> <br>
    </font></div>
  <div style="text-align: left;"><br>
    <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 12pt; font-weight: bold;">Third-quarter Results by Business Segment</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">
      <div>The following table presents third-quarter consolidated results ended September 30, 2020 and 2019, for each of our business segments. Consolidated results for third-quarter 2020 and 2019 are presented in millions of Mexican pesos.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z9a32197e92f84e879ac5d8068a924d1c">

          <tr>
            <td style="width: 46.01%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 4pt; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">Net Sales</div>
            </td>
            <td style="width: 12.09%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;20</div>
            </td>
            <td style="width: 9.94%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">%</div>
            </td>
            <td style="width: 12.07%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
            </td>
            <td style="width: 9.94%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">&#160;%</div>
            </td>
            <td style="width: 9.94%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">Change</div>
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.01%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, Helvetica, sans-serif;">Cable</div>
            </td>
            <td style="width: 12.09%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">11,407.9</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">44.2</div>
            </td>
            <td style="width: 12.07%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">10,572.1</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">39.1</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">7.9</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.01%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, Helvetica, sans-serif;">Sky</div>
            </td>
            <td style="width: 12.09%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">5,597.9</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">21.7</div>
            </td>
            <td style="width: 12.07%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">5,338.3</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">19.8</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">4.9</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.01%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, Helvetica, sans-serif;">Content</div>
            </td>
            <td style="width: 12.09%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">8,033.4</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">31.1</div>
            </td>
            <td style="width: 12.07%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">8,659.0</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">32.1</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(7.2)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.01%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, Helvetica, sans-serif;">Other Businesses</div>
            </td>
            <td style="width: 12.09%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">782.5</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">3.0</div>
            </td>
            <td style="width: 12.07%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">2,436.1</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">9.0</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(67.9)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.01%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Segment Net Sales</div>
            </td>
            <td style="width: 12.09%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">25,821.7</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">100.0</div>
            </td>
            <td style="width: 12.07%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">27,005.5</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">100.0</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">(4.4)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.01%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, Helvetica, sans-serif;">Intersegment Operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
            </td>
            <td style="width: 12.09%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(1,878.7)</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">&#160;</td>
            <td style="width: 12.07%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(1,416.4)</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">&#160;</td>
            <td style="width: 9.94%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 46.01%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Net Sales</div>
            </td>
            <td style="width: 12.09%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">23,943.0</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="font-family: Arial, Helvetica, sans-serif;">&#160;</div>
            </td>
            <td style="width: 12.07%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">25,589.1</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="font-family: Arial, Helvetica, sans-serif;">&#160;</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">(6.4)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.01%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, Helvetica, sans-serif;">Disposed 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: 12.09%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial,Helvetica,sans-serif;">-</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">n/a</div>
            </td>
            <td style="width: 12.07%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">197.0</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">n/a</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(100.0)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.01%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Net Sales</div>
            </td>
            <td style="width: 12.09%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">23,943.0</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 12.07%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">25,786.1</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 9.94%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">(7.1)</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z85f44ed21e8844fdafa9eece3389479e">

          <tr>
            <td style="width: 46.17%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, Helvetica, sans-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: 12.1%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); text-align: right;">
              <div style="font-family: Arial,Helvetica,sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;20</div>
            </td>
            <td style="width: 9.82%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">Margin</div>
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">%</div>
            </td>
            <td style="width: 12.1%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); text-align: right;">
              <div style="font-family: Arial,Helvetica,sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">Margin</div>
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">%</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">Change</div>
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.17%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, Helvetica, sans-serif;">Cable</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">4,796.7</div>
            </td>
            <td style="width: 9.82%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">42.0</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">4,481.7</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">42.4</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">7.0</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.17%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, Helvetica, sans-serif;">Sky</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">2,436.7</div>
            </td>
            <td style="width: 9.82%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">43.5</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">2,399.9</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">45.0</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">1.5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.17%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, Helvetica, sans-serif;">Content</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">3,294.7</div>
            </td>
            <td style="width: 9.82%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">41.0</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">3,112.3</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">35.9</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">5.9</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.17%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, Helvetica, sans-serif;">Other Businesses</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">3.3</div>
            </td>
            <td style="width: 9.82%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">0.4</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">715.7</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">29.4</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(99.5)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.17%; vertical-align: bottom; 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; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Operating Segment Income</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">10,531.4</div>
            </td>
            <td style="width: 9.82%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">40.8</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">10,709.6</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">39.7</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">(1.7)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.17%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, Helvetica, sans-serif;">Corporate Expenses</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(374.9)</div>
            </td>
            <td style="width: 9.82%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(1.5)</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(436.3)</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(1.6)</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">14.1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.17%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, Helvetica, sans-serif;">Depreciation and Amortization</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(5,235.9)</div>
            </td>
            <td style="width: 9.82%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(21.9)</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(5,321.3)</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(20.6)</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">1.6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.17%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, Helvetica, sans-serif;">Other Income&#160; (Expense), net</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">666.0</div>
            </td>
            <td style="width: 9.82%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">2.8</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(389.4)</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(1.5)</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">n/a</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.17%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, Helvetica, sans-serif;">Intersegment Operations</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(17.5)</div>
            </td>
            <td style="width: 9.82%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(0.1)</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(21.7)</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(0.1)</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">19.4</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.17%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, Helvetica, sans-serif;">Disposed 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: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">-</div>
            </td>
            <td style="width: 9.82%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">n/a</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">54.8</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">n/a</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">n/a</div>
            </td>
          </tr>
          <tr>
            <td style="width: 46.17%; vertical-align: bottom; 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; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Operating Income</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">5,569.1</div>
            </td>
            <td style="width: 9.82%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">23.3</div>
            </td>
            <td style="width: 12.1%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">4,595.7</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">17.8</div>
            </td>
            <td style="width: 9.9%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">21.2</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">
      <div style="margin-right: 22.5pt; margin-left: 28.35pt;"><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;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> The sale of the Company&#8217;s Radio business was concluded on July 2<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup>, 2020. 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, are presented separately as disposed operations for the quarter ended September 30, 2019.</div>
      <div style="margin-right: 22.5pt; margin-left: 28.35pt;"><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 (expense), net.</div>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;"><br>
    </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: Arial; 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><br>
  </div>
  <div>
    <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 12pt; font-weight: bold;">Cable</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">
      <div><font style="font-weight: bold;">Total net additions for the quarter</font> were approximately 447.6 thousand RGUs. Quarterly growth was mainly driven by broadband net additions of 234.0 thousand RGUs and voice net additions of 189.2 thousand
        RGUs. Video net additions decreased by 1.6 thousand. izzi M&#243;vil added 26.0 thousand RGUs. The following table sets forth the breakdown of RGUs per service type for our Cable segment as of September 30, 2020 and 2019.</div>
      <div><br>
        <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 60%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="z76c203378e044155aa991244c35f3f55">

            <tr>
              <td style="width: 25.38%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">RGUs</div>
              </td>
              <td style="width: 23.75%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); text-align: right;">
                <div style="font-family: Arial,Helvetica,sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;20 Net Adds</div>
              </td>
              <td style="width: 23.95%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); text-align: right;">
                <div style="font-family: Arial,Helvetica,sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;20</div>
              </td>
              <td style="width: 26.92%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); text-align: right;">
                <div style="font-family: Arial,Helvetica,sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25.38%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, Helvetica, sans-serif;">Video</div>
              </td>
              <td style="width: 23.75%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(1,570)</div>
              </td>
              <td style="width: 23.95%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">4,333,908</div>
              </td>
              <td style="width: 26.92%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">4,345,020</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25.38%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, Helvetica, sans-serif;">Broadband</div>
              </td>
              <td style="width: 23.75%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">233,968</div>
              </td>
              <td style="width: 23.95%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">5,303,245</div>
              </td>
              <td style="width: 26.92%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">4,658,764</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25.38%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, Helvetica, sans-serif;">Voice</div>
              </td>
              <td style="width: 23.75%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">189,217</div>
              </td>
              <td style="width: 23.95%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">4,187,264</div>
              </td>
              <td style="width: 26.92%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">3,534,461</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25.38%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, Helvetica, sans-serif;">Mobile</div>
              </td>
              <td style="width: 23.75%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">25,963</div>
              </td>
              <td style="width: 23.95%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial,Helvetica,sans-serif;">40,114</div>
              </td>
              <td style="width: 26.92%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25.38%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Total RGUs</div>
              </td>
              <td style="width: 23.75%; vertical-align: middle; border-bottom: #000000 2px solid;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">447,578</div>
              </td>
              <td style="width: 23.95%; vertical-align: middle; border-bottom: #000000 2px solid;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">13,864,531</div>
              </td>
              <td style="width: 26.92%; vertical-align: middle; border-bottom: #000000 2px solid;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">12,538,245</div>
              </td>
            </tr>

        </table>
        <br>
      </div>
    </div>
  </div>
  <br>
  <div style="text-align: justify;"><br>
    <div style="font-family: Arial, Helvetica, sans-serif;"><font style="font-weight: bold;">Third-quarter sales</font> increased by 7.9% to Ps.11,407.9 million compared with Ps.10,572.1 million in third-quarter 2019 driven by solid net additions in
      broadband, voice and strong performance in Enterprise operations.</div>
    <div><br>
    </div>
    <div style="font-family: Arial, Helvetica, sans-serif;"><font style="font-weight: bold;">Third-quarter operating segment income </font>increased by 7.0% to Ps.4,796.7 million compared with Ps.4,481.7 million in third-quarter 2019. Margin of 42.0% was
      in line with third quarter 2019.</div>
    <div><font style="font-family: Arial, Helvetica, sans-serif;"> </font><br>
    </div>
    <div style="font-family: Arial, Helvetica, sans-serif;">The following tables set forth the breakdown of revenues and operating segment income, excluding consolidation adjustments, for our MSO and enterprise operations for third-quarter 2020 and 2019.</div>
    <div style="font-family: Arial, Helvetica, sans-serif;"> <br>
    </div>
    <div style="font-family: Arial, Helvetica, sans-serif;">
      <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 60%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="z96c4849c5aef455b8ff31c61a41aa5a7">

          <tr>
            <td style="width: 37.6%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, Helvetica, sans-serif;"><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="font-family: Arial, Helvetica, sans-serif;">Millions of Mexican pesos</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;20</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
            </td>
            <td style="width: 17.61%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">Change %</div>
            </td>
          </tr>
          <tr>
            <td style="width: 37.6%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, Helvetica, sans-serif;">Revenue</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">10,227.4</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">9,603.8</div>
            </td>
            <td style="width: 17.61%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">6.5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 37.6%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, Helvetica, sans-serif;">Operating Segment Income</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">4,323.1</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">4,119.7</div>
            </td>
            <td style="width: 17.61%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">4.9</div>
            </td>
          </tr>
          <tr>
            <td style="width: 37.6%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, Helvetica, sans-serif;">Margin (%)</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">42.3</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">42.9</div>
            </td>
            <td style="width: 17.61%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">&#160;</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 60%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="z298b5db6dbea4033962e4dc78b2a2d9b">

          <tr>
            <td style="width: 37.6%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, Helvetica, sans-serif;"><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="font-family: Arial, Helvetica, sans-serif;">Millions of Mexican pesos</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;20</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
            </td>
            <td style="width: 17.61%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">Change %</div>
            </td>
          </tr>
          <tr>
            <td style="width: 37.6%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, Helvetica, sans-serif;">Revenue</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">1,734.0</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">1,437.7</div>
            </td>
            <td style="width: 17.61%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">20.6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 37.6%; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, Helvetica, sans-serif;">Operating Segment Income</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">611.3</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">504.0</div>
            </td>
            <td style="width: 17.61%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">21.3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 37.6%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, Helvetica, sans-serif;">Margin (%)</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">35.3</div>
            </td>
            <td style="width: 22.39%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">35.1</div>
            </td>
            <td style="width: 17.61%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">&#160;</div>
            </td>
          </tr>

      </table>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 70%; color: #000000; font-family: Arial, Helvetica, 'sans-serif'; font-size: 10pt; text-align: left;">

              <tr>
                <td style="vertical-align: top; width: 6.41%;">&#160;<font style="font-size: 8pt;">(1)</font>
                  <div><br>
                  </div>
                </td>
                <td style="margin: 0px 0px 0px 0pt; vertical-align: top; width: 93.59%; text-align: justify;"><font style="font-size: 8pt;">These results do not include consolidation adjustments of Ps.553.5 million in revenues nor Ps.137.7 million in
                    operating segment income for third quarter 2020, neither the consolidation adjustments of Ps.469.4 million in revenues nor Ps.142.0 million in operating segment income for third quarter 2019. Consolidation adjustments are considered in
                    the consolidated results of the Cable segment.</font></td>
              </tr>

          </table>
        </div>
        <div>&#160;</div>
      </div>
      <div>Third-quarter sales and operating segment income in our MSO operations increased by 6.5% and 4.9%, respectively. Third-quarter sales and operating segment income in our Enterprise operations increased by 20.6% and 21.3%, respectively.</div>
    </div>
    <div style="font-family: Arial, Helvetica, sans-serif;"> <br>
    </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: Arial; 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="text-align: justify;"> <br>
  </div>
  <div>
    <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 12pt; font-weight: bold;">Sky</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;"><font style="font-weight: bold;">During the quarter</font>, Sky continued growing its broadband business after adding 91.6 thousand broadband RGUs reaching a total of 594.0
      thousand broadband RGUs. In addition, Sky added 15.2 thousand video RGUs.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">The following table sets forth the breakdown of RGUs per service type for Sky as of September 30, 2020 and 2019.</div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;"> <br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">
      <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 60%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="z4f7915d3253a48ea97760e0bb84a9597">

          <tr>
            <td style="width: 24.13%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">RGUs</div>
            </td>
            <td style="width: 24.25%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); text-align: right;">
              <div style="font-family: Arial,Helvetica,sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;20 Net Adds</div>
            </td>
            <td style="width: 24.25%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); text-align: right;">
              <div style="font-family: Arial,Helvetica,sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;20</div>
            </td>
            <td style="width: 27.38%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); text-align: right;">
              <div style="font-family: Arial,Helvetica,sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
            </td>
          </tr>
          <tr>
            <td style="width: 24.13%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, Helvetica, sans-serif;">Video</div>
            </td>
            <td style="width: 24.25%; vertical-align: middle;">
              <div style="text-align: right; margin-right: 2.4pt; font-family: Arial, Helvetica, sans-serif;">15,188</div>
            </td>
            <td style="width: 24.25%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">7,472,350</div>
            </td>
            <td style="width: 27.38%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">7,412,728</div>
            </td>
          </tr>
          <tr>
            <td style="width: 24.13%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, Helvetica, sans-serif;">Broadband</div>
            </td>
            <td style="width: 24.25%; vertical-align: middle;">
              <div style="text-align: right; margin-right: 2.4pt; font-family: Arial, Helvetica, sans-serif;">91,582</div>
            </td>
            <td style="width: 24.25%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">594,011</div>
            </td>
            <td style="width: 27.38%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">318,977</div>
            </td>
          </tr>
          <tr>
            <td style="width: 24.13%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, Helvetica, sans-serif;">Voice</div>
            </td>
            <td style="width: 24.25%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(108)</div>
            </td>
            <td style="width: 24.25%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">837</div>
            </td>
            <td style="width: 27.38%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">1,252</div>
            </td>
          </tr>
          <tr>
            <td style="width: 24.13%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Total RGUs</div>
            </td>
            <td style="width: 24.25%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">106,662</div>
            </td>
            <td style="width: 24.25%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">8,067,198</div>
            </td>
            <td style="width: 27.38%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">7,732,957</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;"> <br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">
      <div><br>
      </div>
      <div>
        <div><font style="font-weight: bold;">Third-quarter sales</font> increased by 4.9% to Ps.5,597.9 million compared with Ps.5,338.3 million in third-quarter 2019, mainly explained by the growth in broadband RGUs.</div>
        <div><br>
        </div>
        <div><font style="font-weight: bold;">Third-quarter operating segment income</font> increased by 1.5%, reaching Ps.2,436.7 million compared with Ps.2,399.9 million in third-quarter 2019. The margin was 43.5%, 150 basis points lower than the margin
          of the third quarter 2019.</div>
      </div>
      <div><br>
      </div>
      <br>
      <div style="text-align: center; font-size: 12pt; font-weight: bold;">Content</div>
      <div>
        <div style="text-align: left;"><font style="font-weight: bold;"> <br>
          </font></div>
        <div style="text-align: left;"><font style="font-weight: bold;">Third-quarter sales </font>decreased by 7.2% to Ps.8,033.4 million compared with Ps.8,659.0 million in third-quarter 2019.</div>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 60%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="z1fbeed1da0524cd9bb536deb02a2a68c">

            <tr>
              <td style="width: 38.54%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, Helvetica, sans-serif;">Millions of Mexican pesos</div>
              </td>
              <td style="width: 14.47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;20</div>
              </td>
              <td style="width: 10.48%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">%</div>
              </td>
              <td style="width: 14.48%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
              </td>
              <td style="width: 10.32%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">%</div>
              </td>
              <td style="width: 11.72%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">Change </div>
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">%</div>
              </td>
            </tr>
            <tr>
              <td style="width: 38.54%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, Helvetica, sans-serif;">Advertising</div>
              </td>
              <td style="width: 14.47%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">4,164.4</div>
              </td>
              <td style="width: 10.48%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">51.8</div>
              </td>
              <td style="width: 14.48%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">4,786.6</div>
              </td>
              <td style="width: 10.32%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">55.3</div>
              </td>
              <td style="width: 11.72%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(13.0)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 38.54%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, Helvetica, sans-serif;">Network Subscription</div>
              </td>
              <td style="width: 14.47%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">1,331.7</div>
              </td>
              <td style="width: 10.48%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">16.6</div>
              </td>
              <td style="width: 14.48%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">1,238.9</div>
              </td>
              <td style="width: 10.32%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">14.3</div>
              </td>
              <td style="width: 11.72%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">7.5</div>
              </td>
            </tr>
            <tr>
              <td style="width: 38.54%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, Helvetica, sans-serif;">Licensing and Syndication</div>
              </td>
              <td style="width: 14.47%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">2,537.3</div>
              </td>
              <td style="width: 10.48%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">31.6</div>
              </td>
              <td style="width: 14.48%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">2,633.5</div>
              </td>
              <td style="width: 10.32%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">30.4</div>
              </td>
              <td style="width: 11.72%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(3.7)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 38.54%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Net Sales</div>
              </td>
              <td style="width: 14.47%; vertical-align: middle; border-bottom: #000000 2px solid;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">8,033.4</div>
              </td>
              <td style="width: 10.48%; vertical-align: middle; border-bottom: #000000 2px solid;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">&#160;</div>
              </td>
              <td style="width: 14.48%; vertical-align: middle; border-bottom: #000000 2px solid;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">8,659.0</div>
              </td>
              <td style="width: 10.32%; vertical-align: middle; border-bottom: #000000 2px solid;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">&#160;</div>
              </td>
              <td style="width: 11.72%; vertical-align: middle; border-bottom: #000000 2px solid;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">(7.2)</div>
              </td>
            </tr>

        </table>
      </div>
      <br>
      <div style="font-weight: bold;">Advertising</div>
      <div><br>
      </div>
      <div>
        <div style="text-align: left; margin-bottom: 10pt;">Third-quarter Advertising sales decreased by 13.0% to Ps.4,164.4 million compared with Ps.4,786.6 million in third-quarter 2019. This representes a recovery across most categories among our
          private sector clients with respect to second-quarter 2020.</div>
      </div>
      <div style="text-align: left; font-weight: bold;">Network Subscription</div>
      <div><br>
      </div>
      <div>
        <div style="text-align: left; margin-bottom: 10pt;">Third-quarter Network Subscription sales increased by 7.5% to Ps.1,331.7 million compared with Ps.1,238.9 million in third-quarter 2019. This growth is mainly related to the increase in the price
          we charge our affiliated distributors for our pay TV networks and to the favorable impact of the depreciation of the Mexican peso on our dollar-denominated revenues.</div>
      </div>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;"> <br>
    </div>
    <br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt; font-family: Arial;">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="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>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Licensing and Syndication</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">Third-quarter Licensing and Syndication sales decreased by 3.7% to Ps.2,537.3 million, compared with Ps.2,633.5 million in third-quarter 2019. Royalties from Univision reached
      U.S.$92.1 million in third-quarter 2020 compared to U.S.$100.2 million in third-quarter 2019. The depreciation of the Mexican peso partially compensated this decrease. On a sequential basis, royalties increased 15.6% in U.S. dollars.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;"><font style="font-weight: bold;">Third-quarter operating segment income </font>increased by 5.9% to Ps.3,294.7 million compared with Ps.3,112.3 million in third-quarter 2019.
      This increase is mainly explained by an aggressive cost and expense reduction plan, achieving a margin of 41.0%.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 12pt; font-weight: bold;">Other Businesses</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;"><font style="font-weight: bold;">Third-quarter sales </font>decreased by 67.9% to Ps.782.5 million compared with Ps.2,436.1 million in third-quarter 2019. The decrease is
      mainly explained by a decline in revenues due to the measures triggered by the outbreak of COVID-19, which included the suspension or limitation of activities in some businesses of this segment, including gaming and soccer, in addition to the
      difficult comparison to last year as a result of some non-recurring soccer and film distribution revenues during third quarter 2019.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;"><font style="font-weight: bold;">Third-quarter operating segment income</font> was Ps.3.3 million compared with an income of Ps.715.7 million in third-quarter 2019.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Corporate Expense</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">Corporate expense decreased by Ps.61.4 million, or 14.1%, to Ps.374.9 million in third-quarter 2020, from Ps.436.3 million in third-quarter 2019.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">Share-based compensation expense in third quarter 2020 and 2019 amounted to Ps.193.9 million and Ps.251.8 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-family: Arial, Helvetica, sans-serif; font-weight: bold;">Other Income or Expense, Net</div>
    <div><br>
    </div>
    <div style="text-align: left; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif;">Other income or expense, net, changed by Ps.1,055.4 million, to Ps.666.0 million other income in third-quarter 2020, from Ps.389.4 million other expense in
      third-quarter 2019. This change reflected primarily a Ps.933.5 million net pre-tax gain on the disposition of our 50% equity stake in our former Radio business, which sale was concluded in July 2020. It also reflected a decrease in other expense
      related to legal and financial advisory professional services, a lower loss on disposition of property and equipment, and a decrease in non-recurring severance expense in connection with dismissal of personnel in our Content segment.</div>
  </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: Arial; 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>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">The following table sets forth the breakdown of cash and non-cash other income (expense), net, stated in millions of Mexican pesos, for the three months ended September 30,
      2020 and 2019.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 60%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="zbe337e79a2d74c04a0011347dc38877f">

        <tr>
          <td style="width: 48.72%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">Other Income (Expense), net</div>
          </td>
          <td style="width: 23.3%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;20</div>
          </td>
          <td style="width: 27.98%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.72%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
            <div style="font-family: Arial, Helvetica, sans-serif;">Cash</div>
          </td>
          <td style="width: 23.3%; vertical-align: top;">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">786.2</div>
          </td>
          <td style="width: 27.98%; vertical-align: top;">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(183.9)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.72%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="font-family: Arial, Helvetica, sans-serif;">Non-cash</div>
          </td>
          <td style="width: 23.3%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(120.2)</div>
          </td>
          <td style="width: 27.98%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(205.5)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 48.72%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Total</div>
          </td>
          <td style="width: 23.3%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">666.0</div>
          </td>
          <td style="width: 27.98%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">(389.4)</div>
          </td>
        </tr>

    </table>
    <div style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-weight: bold;"> <br>
    </div>
    <div style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Finance Income or Expense, Net</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 2.15pt; font-family: Arial, Helvetica, sans-serif;">
      <div style="text-align: left; margin-bottom: 10pt;">The following table sets forth finance income (expense), net, stated in millions of Mexican pesos for the quarters ended September 30, 2020 and 2019.</div>
      <div style="text-align: left; margin-bottom: 10pt;">
        <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 60%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="z99b218f4cad44fb990485f3961501e69">

            <tr>
              <td style="width: 49.63%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 14.16%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;20</div>
              </td>
              <td style="width: 15.85%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
              </td>
              <td style="width: 20.37%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">Favorable (Unfavorable)</div>
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">Change</div>
              </td>
            </tr>
            <tr>
              <td style="width: 49.63%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">Interest expense</div>
              </td>
              <td style="width: 14.16%; vertical-align: top;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(2,788.9)</div>
              </td>
              <td style="width: 15.85%; vertical-align: top;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(2,861.5)</div>
              </td>
              <td style="width: 20.37%; vertical-align: top;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">72.6</div>
              </td>
            </tr>
            <tr>
              <td style="width: 49.63%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">Interest income</div>
              </td>
              <td style="width: 14.16%; vertical-align: top;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">275.3</div>
              </td>
              <td style="width: 15.85%; vertical-align: top;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">565.4</div>
              </td>
              <td style="width: 20.37%; vertical-align: top;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(290.1)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 49.63%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">Foreign exchange gain (loss), net</div>
              </td>
              <td style="width: 14.16%; vertical-align: top;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">3,077.8</div>
              </td>
              <td style="width: 15.85%; vertical-align: top;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(929.5)</div>
              </td>
              <td style="width: 20.37%; vertical-align: top;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">4,007.3</div>
              </td>
            </tr>
            <tr>
              <td style="width: 49.63%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">Other finance (expense) income, net</div>
              </td>
              <td style="width: 14.16%; vertical-align: top;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(254.6)</div>
              </td>
              <td style="width: 15.85%; vertical-align: top;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">355.4</div>
              </td>
              <td style="width: 20.37%; vertical-align: top;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">(610.0)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 49.63%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Finance income (expense), net</div>
              </td>
              <td style="width: 14.16%; vertical-align: top; border-bottom: #000000 2px solid;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">309.6</div>
              </td>
              <td style="width: 15.85%; vertical-align: top; border-bottom: #000000 2px solid;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">(2,870.2)</div>
              </td>
              <td style="width: 20.37%; vertical-align: top; border-bottom: #000000 2px solid;">
                <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">3,179.8</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="text-align: justify; margin-right: 2.15pt;">Finance income or expense, net, changed by Ps.3,179.8 million, to a Ps.309.6 million finance income, net, in third-quarter 2020 from a Ps.2,870.2 million finance expense, net, in third-quarter
          2019.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-right: 2.15pt;">This change reflected:</div>
        <div><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Tahoma, Geneva, sans-serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze5b0bc3adeae443c8463af0e03d94183">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;">
                  <div style="margin-left: 18pt; font-family: Arial, Helvetica, sans-serif;">I.</div>
                </td>
                <td style="width: auto; vertical-align: top;">
                  <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">a Ps.4,007.3 million favorable change in foreign exchange gain or loss, net, resulting primarily from a 4.0% appreciation of the Mexican peso against the U.S.
                    dollar in third-quarter 2020, in comparison to a 2.9% depreciation in third-quarter 2019; and</div>
                </td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Tahoma, Geneva, sans-serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze3544a7964f648c7987cebde80bc5597">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;">
                  <div style="margin-left: 18pt; font-family: Arial, Helvetica, sans-serif;">II.</div>
                </td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, Helvetica, 'sans-serif'; text-align: justify; text-indent: 0pt;">a Ps.72.6 million decrease in interest expense, primarily by a decrease in interest rates on long-term debt in third-quarter 2020, which was
                    partially offset by a higher average principal amount of long-term debt in the same period.</div>
                </td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-right: 2.15pt;">This favorable variance was partially offset by:</div>
        <div><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Tahoma, Geneva, sans-serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4255e934ba2c4f96b7f3c9f90e4a3167">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;">
                  <div style="margin-left: 18pt; font-family: Arial, Helvetica, sans-serif;">I.</div>
                </td>
                <td style="width: auto; vertical-align: top;">
                  <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">a Ps.290.1 million decrease in interest income, explained primarily by a decrease in interest rates on cash and cash equivalents in third-quarter 2020; and</div>
                </td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: Tahoma, Geneva, sans-serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf95d2fbcdd4048e1b7f3d49c1c07ead0">

              <tr>
                <td style="width: 36pt; vertical-align: top; align: right;">
                  <div style="margin-left: 18pt; font-family: Arial, Helvetica, sans-serif;">II.</div>
                </td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: Arial, Helvetica, 'sans-serif'; text-align: justify; text-indent: 0pt;">an unfavorable change of Ps.610.0 million in other finance income or expense, net, resulting primarily from a net loss in fair value of our
                    derivative contracts in third-quarter 2020.</div>
                </td>
              </tr>

          </table>
        </div>
      </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: Arial; 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>
    <div style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-weight: bold;"> <br>
    </div>
    <div style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Share of Income or Loss of Associates and Joint Ventures, Net</div>
    <div><br>
    </div>
    <div style="text-align: left; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif;">Share of income or loss of associates and joint ventures, net, changed by Ps.279.8 million, to a Ps.119.9 million share of loss in third-quarter 2020, from a
      Ps.159.9 million share of&#160; income in third-quarter 2019. This unfavorable change reflected mainly (i) a lower share of income of Univision Holdings, Inc. (&#8220;UHI&#8221;), the controlling company of Univision Communications Inc.; and (ii) an unfavorable
      change in share of income or loss of Ocesa Entretenimiento, S.A. de C.V. (&#8220;OCEN&#8221;), a live entertainment company with operations primarily in Mexico.</div>
    <div style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Income Taxes</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">
      <div style="text-align: left; margin-bottom: 10pt;">Income taxes increased by Ps.1,392.4 million, to Ps.2,119.2 million in third-quarter 2020 compared with Ps.726.8 million in third-quarter 2019. This increase reflected a higher income tax base and a
        lower effective income tax rate.</div>
    </div>
    <div style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Net Income Attributable to Non-controlling Interests</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">
      <div style="text-align: left; margin-bottom: 10pt;">Net income attributable to non-controlling interests decreased by Ps.113.5 million, or&#160; 28.1%, to Ps.289.9 million in third-quarter 2020, compared with Ps.403.4 million in third-quarter 2019. This
        decrease reflected primarily a lower portion of net income attributable to non-controlling interests in our Sky segment.</div>
    </div>
    <div style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Capital Expenditures</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-right: 2.15pt; font-family: Arial, Helvetica, sans-serif;">During&#160; third-quarter 2020, we invested approximately U.S.$251.3 million in property, plant and equipment as capital expenditures. The following table
      sets forth the breakdown by segment of capital expenditures for third-quarter 2020 and 2019.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 60%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="z1c604c7520684253b35b26d7da6e119c">

        <tr>
          <td style="width: 47.42%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Capital Expenditures</div>
            <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;">Millions of U.S.$</div>
          </td>
          <td style="width: 24.81%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;20</div>
          </td>
          <td style="width: 27.77%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">3Q&#8217;19</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.42%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">Cable</div>
          </td>
          <td style="width: 24.81%; vertical-align: top;">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">172.6</div>
          </td>
          <td style="width: 27.77%; vertical-align: top;">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">178.1</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.42%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">Sky</div>
          </td>
          <td style="width: 24.81%; vertical-align: top;">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">64.9</div>
          </td>
          <td style="width: 27.77%; vertical-align: top;">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">50.5</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.42%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">Content and Other Businesses</div>
          </td>
          <td style="width: 24.81%; vertical-align: top;">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">13.8</div>
          </td>
          <td style="width: 27.77%; vertical-align: top;">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">22.3</div>
          </td>
        </tr>
        <tr>
          <td style="width: 47.42%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Total</div>
          </td>
          <td style="width: 24.81%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">251.3</div>
          </td>
          <td style="width: 27.77%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">250.9</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
  </div>
  <div style="text-align: justify;"> <br>
  </div>
  <div style="text-align: justify;"> <br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: Arial; font-weight: normal; font-style: normal;" id="DSPFPageNumber">8</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>
    <div style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-weight: bold;"> <br>
    </div>
    <div style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Debt and Lease Liabilities</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;"><br>
      <div style="font-size: 10pt;">The following table sets forth our total consolidated debt, lease liabilities and other notes payable as of September 30, 2020 and December 31, 2019. Amounts are stated in millions of Mexican pesos.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zabbcc8532c724956abae5ad95812f892">

          <tr>
            <td style="width: 45.16%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 22.59%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">September 30, 2020</div>
            </td>
            <td style="width: 16.19%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">December 31, 2019</div>
            </td>
            <td style="width: 16.07%; vertical-align: middle; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">Increase</div>
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif; font-style: italic; font-weight: bold;">(decrease)</div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="border-right: 2px solid rgb(0, 0, 0); margin: 0pt 0px; vertical-align: middle; width: 45.16%; padding: 5pt 0px;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Current portion of long-term debt</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 22.59%; padding: 5pt 0px;">
              <div style="text-align: right; font-family: Arial, Helvetica, sans-serif;">15,012.7</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.19%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">491.9</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.07%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">14,520.8</div>
            </td>
          </tr>
          <tr>
            <td style="border-right: 2px solid rgb(0, 0, 0); margin: 0pt 0px; vertical-align: middle; width: 45.16%; padding: 5pt 0px;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Long-term debt, net of current portion</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 22.59%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">131,907.6</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.19%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">120,444.7</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.07%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">11,462.9</div>
            </td>
          </tr>
          <tr>
            <td style="border-right: 2px solid rgb(0, 0, 0); margin: 0pt 0px; vertical-align: middle; width: 45.16%; padding: 5pt 0px;">
              <div style="margin-left: 22.05pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Total debt <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 22.59%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">146,920.3</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.19%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">120,936.6</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.07%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">25,983.7</div>
            </td>
          </tr>
          <tr>
            <td style="border-right: 2px solid rgb(0, 0, 0); margin: 0pt 0px; vertical-align: middle; width: 45.16%; padding: 5pt 0px;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Current portion of long-term lease liabilities</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 22.59%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">1,328.5</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.19%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">1,257.8</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.07%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">70.7</div>
            </td>
          </tr>
          <tr>
            <td style="border-right: 2px solid rgb(0, 0, 0); margin: 0pt 0px; vertical-align: middle; width: 45.16%; padding: 5pt 0px;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Long-term lease liabilities, net of current portion</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 22.59%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">8,511.5</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.19%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">8,105.8</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.07%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">405.7</div>
            </td>
          </tr>
          <tr>
            <td style="border-right: 2px solid rgb(0, 0, 0); margin: 0pt 0px; vertical-align: middle; width: 45.16%; padding: 5pt 0px;">
              <div style="text-align: justify; margin-left: 22.05pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Total lease liabilities</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 22.59%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">9,840.0</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.19%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">9,363.6</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.07%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">476.4</div>
            </td>
          </tr>
          <tr>
            <td style="border-right: 2px solid rgb(0, 0, 0); margin: 0pt 0px; vertical-align: middle; width: 45.16%; padding: 5pt 0px;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Current portion of other notes payable</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 22.59%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">-</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.19%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">1,324.1</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.07%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">(1,324.1)</div>
            </td>
          </tr>
          <tr>
            <td style="border-right: 2px solid rgb(0, 0, 0); margin: 0pt 0px; vertical-align: middle; width: 45.16%; padding: 5pt 0px;">
              <div style="margin-left: 22.05pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Total other notes payable</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 22.59%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">-</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.19%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">1,324.1</div>
            </td>
            <td style="margin: 0pt 0px; vertical-align: middle; width: 16.07%; padding: 5pt 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif;">(1,324.1)</div>
            </td>
          </tr>
          <tr>
            <td style="border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); margin: 0pt 0px; vertical-align: middle; width: 45.16%; padding-top: 0pt; padding-right: 0px; padding-left: 0px;">
              <div style="margin-left: 22.05pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Total debt, lease liabilities and other notes payable</div>
            </td>
            <td style="border-bottom: 2px solid rgb(0, 0, 0); margin: 0pt 0px; vertical-align: middle; width: 22.59%; padding-top: 0pt; padding-right: 0px; padding-left: 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">156,760.3</div>
            </td>
            <td style="border-bottom: 2px solid rgb(0, 0, 0); margin: 0pt 0px; vertical-align: middle; width: 16.19%; padding-top: 0pt; padding-right: 0px; padding-left: 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">131,624.3</div>
            </td>
            <td style="border-bottom: 2px solid rgb(0, 0, 0); margin: 0pt 0px; vertical-align: middle; width: 16.07%; padding-top: 0pt; padding-right: 0px; padding-left: 0px;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">25,136.0</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif; font-size: 8pt;"><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> As of September 30, 2020 and December 31, 2019, total debt is presented net of finance costs in the amount of
      Ps.1,387.8 million and Ps.1,441.6 million, respectively. In July 2020, Sky prepaid a portion of its long-term bank loans in the principal amount of Ps.2,750 million with maturities between 2021 and 2023.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">As of September 30, 2020, our consolidated net debt position (total debt and lease liabilities, less cash and cash equivalents, and certain non-current investments in
      financial instruments) was Ps.104,688.2 million. The aggregate amount of non-current investments in financial instruments included in our consolidated net debt position as of September 30, 2020, amounted to Ps.7,219.9 million.</div>
    <div><br>
    </div>
    <div style="text-align: left; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif;">On October 6, 2020, we prepaid in full the principal amount of Ps.14,770.7 million under a revolving credit facility with maturity in the first quarter of
      2022. Accordingly, we classified this long-term debt as a current liability as of September 30, 2020, net of related finance costs, in the amount of Ps.14,736.5 million.</div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">
      <div style="text-align: left; margin-bottom: 10pt; font-weight: bold;">Shares Outstanding</div>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;">
      <div>As of September 30, 2020 and December 31, 2019, our shares outstanding amounted to&#160; 329,940.8 million and 337,244.3 million shares, respectively, and our CPO equivalents outstanding amounted to 2,820.0 million and 2,882.4 million, respectively.
        Not all of our shares are in the form of CPOs. The number of CPO equivalents is calculated by dividing the number of shares outstanding by 117.</div>
      <div><br>
      </div>
      <div style="text-align: left; margin-bottom: 10pt;">As of September 30, 2020 and December 31, 2019, the GDS (Global Depositary Shares) equivalents outstanding amounted to 564.0 million and 576.5 million, respectively. The number of GDS equivalents is
        calculated by dividing the number of CPO equivalents by five.</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: Arial; font-weight: normal; font-style: normal;" id="DSPFPageNumber">9</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 style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Sustainability</div>
    <div><br>
    </div>
    <div style="text-align: left; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif;">Televisa was identified by the Global Child Forum as an &#8220;Improver&#8221; in &#8220;The State of Children&#8217;s Rights and Business 2019&#8221;. In addition, Televisa was included
      in three FTSE4Good Index Series: FTSE4Good Emerging Markets, FTSE4Good Emerging Latin America and FTSE4Good BIVA. The FTSE4Good Index Series is a market-leading tool for investors seeking to invest in companies that demonstrate good sustainability
      practices.</div>
    <div style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">COVID-19 Impact</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif;">The COVID-19 pandemic has affected our business, financial position and results of operations for the quarter ended September 30, 2020, and it is
      currently difficult to predict the degree of the impact on the remainder of 2020.&#160;&#160;</div>
    <div style="text-align: justify; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif;">We cannot guarantee that conditions in the bank lending, capital and other financial markets will not continue to deteriorate as a result of the pandemic,
      or that our access to capital and other sources of funding will not become constrained, which could adversely affect the availability and terms of future borrowings, renewals or refinancings.&#160; In addition, the deterioration of global economic
      conditions as a result of the pandemic may ultimately reduce the demand of our products across our segments as our clients and customers reduce or defer their spending.</div>
    <div style="text-align: justify; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif;">The Mexican Government is still implementing the plan to reactivate economic activities in accordance with color-based phases determined on a weekly basis
      in every state of the country. To this date, most of the country&#8217;s states are on phase orange or yellow, meaning most of non-essential economic activities are open with some limitations, mainly on capacity and hours of operation. However, a
      significant part of the population is still implementing social distancing and shelter-in-place policies. As a result, during the quarter ended September 30, 2020, this has affected, and is still affecting the ability of our employees, suppliers and
      customers to conduct their functions and businesses in their typical manner.</div>
    <div style="text-align: justify; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif;">As of this date and given that they are considered essential economic activities, we have continued operating our media and telecommunications
      businesses&#160;uninterrupted to continue benefiting the country with connectivity, entertainment and information, and during the third quarter ended September 30, 2020, we continued with the production of new content following the requirements and health
      guidelines imposed by the Mexican Government.&#160; As described above, our Content business faced a reduction in the demand for advertising during the quarter ended September 30, 2020 and may continue to be affected by the reduction in the level of
      economic activity in the jurisdictions in which our customers are located. We are partially dependent on the demand for advertising from consumer-focused companies, and the COVID-19 pandemic has caused, and could further cause, advertisers to reduce
      or postpone their advertisement spending on our platforms.</div>
    <div style="text-align: justify; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif;">In our Other Businesses segment, sporting and other entertainment events for which we have broadcast rights, or which we organize, promote and/or are
      located in venues we own, have started to operate again with some limitations, and to date 12 out of our 18 casinos have resumed operations with reduced capacity and hours of operation.&#160; When local authorities start to approve the re-opening of the
      venues that are still not operating, rules will be enacted which may include capacity and operating hours restrictions; these may affect the results of our Other Businesses segment in the following months. <br>
    </div>
  </div>
  <br>
  <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: Arial; font-weight: normal; font-style: normal;" id="DSPFPageNumber">10</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>
    <div style="text-align: justify; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif;">Notwithstanding the foregoing, if the country&#8217;s states start to transition from yellow to orange, or from orange to red, in accordance with the
      color-based phases methodology, the authorities may impose restrictions on non-essential activities, including but not limited to temporary shutdowns or additional guidelines which could be expensive or burdensome to implement, which may affect our
      operations.</div>
    <div style="text-align: justify; margin-bottom: 10pt; font-family: Arial, Helvetica, sans-serif;">The magnitude of the impact on our business will depend on the duration and extent of the COVID-19 pandemic and the impact of federal, state, local and
      foreign governmental actions, including continued or future social distancing, and consumer behavior in response to the COVID-19 pandemic and such governmental actions. Due to the evolving and uncertain nature of this situation, we are not able to
      estimate the full extent of the impact of the COVID-19 pandemic, but it may continue affecting our business, financial position and results of operations over the near, medium or long-term.</div>
  </div>
  <div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">
      <div style="text-align: left; font-weight: bold;">Additional Information Available on Website</div>
      <div><br>
      </div>
      <div style="text-align: left; margin-bottom: 10pt; font-family: Arial,Helvetica,'sans-serif'; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">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, 2019, which are available on the &#8220;Reports and
        Filings&#8221; section of our investor relations website at televisair.com.</div>
      <font style="font-weight: normal;"></font></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: Arial; font-weight: normal; font-style: normal;" id="DSPFPageNumber">11</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: justify; font-family: Arial, Helvetica, sans-serif; font-style: italic;"><font style="font-weight: bold; font-style: normal; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif'; font-variant: normal; text-transform: none;">About Televisa</font>
      <div><br>
      </div>
      <div style="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><br>
      </div>
      <div style="font-family: Arial,Helvetica,'sans-serif'; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Disclaimer</div>
      <div><br>
      </div>
      <div style="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. Statements contained in this release relating to the COVID-19 outbreak, the impact of which on our business
        performance and financial results remains inherently uncertain, are forward-looking statements.&#160; 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><br>
      </div>
      <div style="font-style: italic;">(Please see attached tables for financial information and ratings data)</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-style: italic;">###</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-size: 12pt; font-weight: bold;">Contact Information</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Investor Relations</div>
      <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;"><u>www.televisair.com.mx</u></div>
      <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;">Tel: (52 55) 5261 2445</div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;">Carlos Madrazo. VP, Head of Investor Relations / <u>cmadrazov@televisa.com.mx</u></div>
      <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;">Santiago Casado. Investor Relations Director. / <u>scasado@televisa.com.mx</u></div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Media Relations:</div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;">Rub&#233;n Acosta / Tel: (52 55) 5224 6420 / <u>racostamo@televisa.com.mx</u></div>
      <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;">Teresa Villa / Tel: (52 55) 4438 1205 / <u>atvillas@televisa.com.mx</u></div>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
  </div>
  <br>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: Arial; font-weight: normal; font-style: normal;" id="DSPFPageNumber">12</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>
    <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">GRUPO TELEVISA, S.A.B.</div>
    <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION</div>
    <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">AS OF SEPTEMBER 30, 2020 AND DECEMBER 31, 2019</div>
    <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">(Millions of Mexican Pesos)</div>
    <div><br>
    </div>
    <div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zb729da5e3a534c47bc441d17a8ed6130" style="font-family: 'Times New Roman'; 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; font-family: Arial, Helvetica, sans-serif;">September 30,</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; font-family: Arial, Helvetica, sans-serif;">December 31,</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; font-family: Arial, Helvetica, sans-serif;"> 2020</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; font-family: Arial, Helvetica, sans-serif;">2019</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; font-family: Arial, Helvetica, sans-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; font-family: Arial, Helvetica, sans-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: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;">(Audited)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> 1</sup></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: 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="font-family: Arial, Helvetica, sans-serif;">Current assets:</div>
            </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>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Arial, Helvetica, sans-serif;">Cash and cash equivalents</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="font-family: Arial, Helvetica, sans-serif;">Ps.<br>
              </div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">44,852.2</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="font-family: Arial, Helvetica, sans-serif;">Ps.</div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">27,452.3</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: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">18,064.7</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="font-family: Arial, Helvetica, sans-serif;">14,486.2</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: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">12,658.4</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="font-family: Arial, Helvetica, sans-serif;">10,692.9</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">114.8</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="font-family: Arial, Helvetica, sans-serif;">1.7</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">745.4</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="font-family: Arial, Helvetica, sans-serif;">814.4</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">6,667.0</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="font-family: Arial, Helvetica, sans-serif;">6,479.3</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">1,780.0</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="font-family: Arial, Helvetica, sans-serif;">1,151.4</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">1,427.1</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="font-family: Arial, Helvetica, sans-serif;">1,379.4</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">1,675.4</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%; padding-bottom: 2px;">
              <div style="text-indent: 28.6pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">5,427.5</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="font-family: Arial, Helvetica, sans-serif;">3,298.1</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">91,737.1</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="font-family: Arial, Helvetica, sans-serif;">67,431.1</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="font-family: Arial, Helvetica, sans-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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">114.8</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="font-family: Arial, Helvetica, sans-serif;">2.9</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">9,130.2</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="font-family: Arial, Helvetica, sans-serif;">7,901.6</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">26,758.9</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="font-family: Arial, Helvetica, sans-serif;">44,265.9</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">6,076.0</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="font-family: Arial, Helvetica, sans-serif;">9,762.4</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; font-family: Arial, Helvetica, sans-serif;">Property, plant and equipment, 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="font-family: Arial, Helvetica, sans-serif;">83,540.9</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%;">
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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" 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="font-family: Arial, Helvetica, sans-serif;">7,227.7</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="font-family: Arial, Helvetica, sans-serif;">7,553.1</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%;">
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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%;">
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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>
            <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="font-family: Arial, Helvetica, sans-serif;">30,776.2</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%;">
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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>
            <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="font-family: Arial, Helvetica, sans-serif;">2,913.8</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="font-family: Arial, Helvetica, sans-serif;">2,311.8</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%; padding-bottom: 2px;">
              <div style="text-indent: 28.6pt; font-family: Arial, Helvetica, sans-serif;">Other 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="font-family: Arial, Helvetica, sans-serif;">200.9</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="font-family: Arial, Helvetica, sans-serif;">271.8</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;">
              <div style="text-indent: 49.9pt; font-family: Arial, Helvetica, sans-serif;">Total non-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="font-family: Arial, Helvetica, sans-serif;">209,588.5</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="font-family: Arial, Helvetica, sans-serif;">222,912.8</div>
            </td>
            <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; font-family: Arial, Helvetica, sans-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);">
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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="font-family: Arial, Helvetica, sans-serif;">301,325.6</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="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">290,343.9</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
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          <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>
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    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: Arial, Helvetica, sans-serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1 </sup>Our 40% equity interest in OCEN in the amount of Ps.694.0 million as of December 31, 2019, was previously reported as part of current assets held for sale, and
      has been classified to investments in associates and joint ventures as of that date to conform with the presentation of this investment as of September 30, 2020.</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: Arial; font-weight: normal; font-style: normal;" id="DSPFPageNumber">13</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;"><br>
    <div style="font-family: Arial, Helvetica, sans-serif; font-weight: bold;">GRUPO TELEVISA, S.A.B.</div>
    <div style="font-family: Arial, Helvetica, sans-serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION</div>
    <div style="font-family: Arial, Helvetica, sans-serif; font-weight: bold;">AS OF SEPTEMBER 30, 2020 AND DECEMBER 31, 2019</div>
    <div style="font-family: Arial, Helvetica, sans-serif; font-weight: bold;">(Millions of Mexican Pesos)</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z4a918b78180140a180afe2fdbdbf5ac8" style="font-family: 'Times New Roman'; 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>
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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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            <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>
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              <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;"> 2020</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>
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            </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; padding-bottom: 2px;">
              <div style="text-indent: 76.55pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">LIABILITIES</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; font-family: Arial, Helvetica, sans-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; font-family: Arial, Helvetica, sans-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: 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;">
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            </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>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Arial, Helvetica, sans-serif;">Current portion of long-term debt</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="font-family: Arial, Helvetica, sans-serif;">Ps.<br>
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            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">15,012.7</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%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Ps.</div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">491.9</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; font-family: Arial, Helvetica, sans-serif;">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%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">2,071.0</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="font-family: Arial, Helvetica, sans-serif;">1,943.9</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">1,328.5</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="font-family: Arial, Helvetica, sans-serif;">1,257.8</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">1,324.1</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: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">117.9</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="font-family: Arial, Helvetica, sans-serif;">568.8</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">26,621.3</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="font-family: Arial, Helvetica, sans-serif;">20,909.7</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%;">
              <div style="text-indent: 28.6pt; font-family: Arial, Helvetica, sans-serif;">Customer deposits and advances</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="font-family: Arial, Helvetica, sans-serif;">10,630.2</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="font-family: Arial, Helvetica, sans-serif;">5,779.8</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">1,620.5</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="font-family: Arial, Helvetica, sans-serif;">2,470.2</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: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">4,480.4</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="font-family: Arial, Helvetica, sans-serif;">3,448.0</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">1,147.3</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="font-family: Arial, Helvetica, sans-serif;">911.9</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">421.1</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="font-family: Arial, Helvetica, sans-serif;">644.2</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: top; width: 76%;">
              <div style="text-indent: 28.35pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">432.8</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%; padding-bottom: 2px;">
              <div style="text-indent: 28.35pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">3,262.4</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="font-family: Arial, Helvetica, sans-serif;">2,202.9</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: top; width: 76%; padding-bottom: 2px;">
              <div style="text-indent: 49.65pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">66,713.3</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="font-family: Arial, Helvetica, sans-serif;">42,386.0</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: top; width: 76%;">
              <div style="font-family: Arial, Helvetica, sans-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: top; width: 76%;">
              <div style="text-indent: 28.35pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">131,907.6</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="font-family: Arial, Helvetica, sans-serif;">120,444.7</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: 28.35pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">8,511.5</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="font-family: Arial, Helvetica, sans-serif;">8,105.8</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: 28.35pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">1,319.8</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="font-family: Arial, Helvetica, sans-serif;">346.6</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">759.4</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="font-family: Arial, Helvetica, sans-serif;">1,759.7</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; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">2,630.1</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="font-family: Arial, Helvetica, sans-serif;">7,052.2</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: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">1,586.9</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="font-family: Arial, Helvetica, sans-serif;">1,468.1</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: top; width: 76%; padding-bottom: 2px;">
              <div style="text-indent: 28.6pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">3,450.7</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="font-family: Arial, Helvetica, sans-serif;">3,376.6</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: top; width: 76%; padding-bottom: 2px;">
              <div style="text-indent: 49.65pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">150,166.0</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="font-family: Arial, Helvetica, sans-serif;">142,553.7</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: top; width: 76%; padding-bottom: 2px;">
              <div style="text-indent: 49.65pt; font-family: Arial, Helvetica, sans-serif;">Total 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="font-family: Arial, Helvetica, sans-serif;">216,879.3</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="font-family: Arial, Helvetica, sans-serif;">184,939.7</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>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 92.15pt; font-family: Arial, Helvetica, sans-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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            <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="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">4,907.8</div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <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="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-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>
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          <tr>
            <td valign="bottom" style="vertical-align: top; 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="font-family: Arial, Helvetica, sans-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>
            <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="font-family: Arial, Helvetica, sans-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>
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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%;">&#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: top; width: 76%;">
              <div style="text-indent: 28.35pt; font-family: Arial, Helvetica, sans-serif;">Legal reserve</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="font-family: Arial, Helvetica, sans-serif;">2,139.0</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="font-family: Arial, Helvetica, sans-serif;">2,139.0</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: 28.35pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">80,731.4</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="font-family: Arial, Helvetica, sans-serif;">75,666.1</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: 28.35pt; font-family: Arial, Helvetica, sans-serif;">Net (loss) 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="font-family: Arial, Helvetica, sans-serif;">(4,562.7</div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">4,626.1</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%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">78,307.7</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="font-family: Arial, Helvetica, sans-serif;">82,431.2</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: top; width: 76%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Accumulated other comprehensive (loss) income, 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="font-family: Arial, Helvetica, sans-serif;">(15,386.0</div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">1,320.4</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%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">(13,807.1</div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; 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="font-family: Arial, Helvetica, sans-serif;">49,114.6</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="font-family: Arial, Helvetica, sans-serif;">69,732.8</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%;">
              <div style="margin-left: 49.5pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">69,912.2</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="font-family: Arial, Helvetica, sans-serif;">90,530.4</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%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">14,534.1</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="font-family: Arial, Helvetica, sans-serif;">14,873.8</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: 49.65pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">84,446.3</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="font-family: Arial, Helvetica, sans-serif;">105,404.2</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: top; width: 76%; padding-bottom: 4px;">
              <div style="text-indent: 49.65pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">301,325.6</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="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">290,343.9</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: 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>

      </table>
      <div><br>
      </div>
    </div>
  </div>
  <br>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: Arial; font-weight: normal; font-style: normal;" id="DSPFPageNumber">14</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>
    <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">GRUPO TELEVISA, S.A.B.</div>
    <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF INCOME FOR THE</div>
    <div style="text-align: center; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019</div>
    <div style="text-align: center; margin-bottom: 10pt; font-family: Arial,Helvetica,sans-serif; font-weight: bold;">(Millions of Mexican Pesos)</div>
    <div style="text-align: center; margin-bottom: 10pt; font-family: Arial,Helvetica,sans-serif; font-weight: bold;"> <br>
    </div>
    <div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
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              <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;">Three months ended</div>
              <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;">September 30,</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;">&#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;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
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              <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;"> 2020</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; font-family: Arial, Helvetica, sans-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>
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              <div style="text-align: center; font-family: Arial, Helvetica, sans-serif;"> 2020</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; font-family: Arial, Helvetica, sans-serif;"> 2019</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: 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; font-family: Arial, Helvetica, sans-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; font-family: Arial, Helvetica, sans-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; font-family: Arial, Helvetica, sans-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; font-family: Arial, Helvetica, sans-serif;">(Unaudited)</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: 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%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Net sales</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="font-family: Arial, Helvetica, sans-serif;">Ps.<br>
              </div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">23,943.0</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%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Ps.</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">25,786.1</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%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Ps.</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">69,579.0</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%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Ps.</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">73,489.0</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%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Cost of sales</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="font-family: Arial, Helvetica, sans-serif;">13,871.0</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="font-family: Arial, Helvetica, sans-serif;">14,946.5</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="font-family: Arial, Helvetica, sans-serif;">41,550.8</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="font-family: Arial, Helvetica, sans-serif;">42,025.9</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: bottom; width: 52%;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">2,312.3</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="font-family: Arial, Helvetica, sans-serif;">2,797.2</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="font-family: Arial, Helvetica, sans-serif;">7,568.7</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="font-family: Arial, Helvetica, sans-serif;">8,344.2</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: 52%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">2,856.6</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="font-family: Arial, Helvetica, sans-serif;">3,057.3</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="font-family: Arial, Helvetica, sans-serif;">9,428.0</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="font-family: Arial, Helvetica, sans-serif;">10,081.5</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%;">
              <div style="text-indent: 21.55pt; font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">4,903.1</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="font-family: Arial, Helvetica, sans-serif;">4,985.1</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="font-family: Arial, Helvetica, sans-serif;">11,031.5</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="font-family: Arial, Helvetica, sans-serif;">13,037.4</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="font-family: Arial, Helvetica, sans-serif;">Other income (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="font-family: Arial, Helvetica, sans-serif;">666.0</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="font-family: Arial, Helvetica, sans-serif;">(389.4</div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">657.4</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="font-family: Arial, Helvetica, sans-serif;">(861.3</div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-serif;">)</div>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
              <div style="text-indent: 21.25pt; font-family: Arial, Helvetica, sans-serif;">Operating 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="font-family: Arial, Helvetica, sans-serif;">5,569.1</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="font-family: Arial, Helvetica, sans-serif;">4,595.7</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="font-family: Arial, Helvetica, sans-serif;">11,688.9</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="font-family: Arial, Helvetica, sans-serif;">12,176.1</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="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">(3,043.5</div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">(3,791.0</div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">(11,374.6</div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">(8,623.6</div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">)</div>
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          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">3,353.1</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="font-family: Arial, Helvetica, sans-serif;">920.8</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="font-family: Arial, Helvetica, sans-serif;">2,887.7</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="font-family: Arial, Helvetica, sans-serif;">1,210.8</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: 52%; padding-bottom: 2px;">
              <div style="text-indent: 21.25pt; font-family: Arial, Helvetica, sans-serif;">Finance income (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="font-family: Arial, Helvetica, sans-serif;">309.6</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="font-family: Arial, Helvetica, sans-serif;">(2,870.2</div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">(8,486.9</div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">(7,412.8</div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-serif;">)</div>
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          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Share of (loss) income of associates and joint</div>
              <div style="text-indent: 14.15pt; font-family: Arial, Helvetica, sans-serif;">ventures, net</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="font-family: Arial, Helvetica, sans-serif;">(119.9</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">159.9</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="font-family: Arial, Helvetica, sans-serif;">(5,330.9</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">489.6</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="text-indent: 21.25pt; font-family: Arial, Helvetica, sans-serif;">Income (loss) 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="font-family: Arial, Helvetica, sans-serif;">5,758.8</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="font-family: Arial, Helvetica, sans-serif;">1,885.4</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="font-family: Arial, Helvetica, sans-serif;">(2,128.9</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">5,252.9</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: bottom; width: 52%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">(2,119.2</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">(726.8</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">(1,145.8</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">(1,972.8</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
              <div style="font-family: Arial, Helvetica, sans-serif;">)</div>
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          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 4px;">
              <div style="text-indent: 21.25pt; font-family: Arial, Helvetica, sans-serif;">Net income (loss)</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="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">3,639.6</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="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">1,158.6</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="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">(3,274.7</div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">
              <div style="font-family: Arial, Helvetica, sans-serif;">)</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="font-family: Arial, Helvetica, sans-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="font-family: Arial, Helvetica, sans-serif;">3,280.1</div>
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            <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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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Net income (loss) attributable to:</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>
            <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: 52%;">
              <div style="text-indent: 14.15pt; font-family: Arial, Helvetica, sans-serif;">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%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Ps.</div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">3,349.7</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%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">Ps.</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: Arial, Helvetica, sans-serif;">755.2</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>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
