<SEC-DOCUMENT>0000895345-22-000248.txt : 20220301
<SEC-HEADER>0000895345-22-000248.hdr.sgml : 20220301
<ACCEPTANCE-DATETIME>20220301163717
ACCESSION NUMBER:		0000895345-22-000248
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20220228
FILED AS OF DATE:		20220301
DATE AS OF CHANGE:		20220301

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:		22698799

	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>ff826590_6k-short.htm
<TEXT>
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      <div style="text-align: center; margin-top: 4pt; font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
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    <div style="text-align: center; font-size: 18pt;"><font style="font-weight: bold;">FORM 6-K</font></div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">PURSUANT TO RULES 13a-16 OR 15d-16</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="text-align: center; margin-top: 12pt; margin-bottom: 10pt; font-family: 'Times New Roman', serif; font-weight: bold;">For the month of February 2022</div>
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        <hr noshade="noshade" align="center" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;">GRUPO TELEVISA, S.A.B.</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">(Translation of registrant&#8217;s name into English)</div>
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    <div style="text-align: center; margin-top: 12pt; font-family: 'Times New Roman', serif; font-weight: bold;">Av. Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico City, Mexico</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">(Address of principal executive offices)</div>
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    <div style="margin-top: 12pt; font-family: 'Times New Roman', serif;">(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; font-family: 'Times New Roman', serif;">Form 20-F <font style="font-family: 'Times New Roman'; font-size: 12pt;">&#8999;</font> Form 40-F &#9744; <br>
    </div>
    <div style="margin-top: 12pt; font-family: 'Times New Roman', serif;">(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; font-family: 'Times New Roman', serif;">Yes &#9744; No <font style="font-family: 'Times New Roman'; font-size: 12pt;">&#8999;</font>&#160;</div>
    <div style="margin-top: 12pt; font-family: 'Times New Roman', serif;">(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>
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                  <div style="margin: 0px 0px 5px; font-family: Arial; font-size: 12pt;">Investor Relations</div>
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                <div style="margin: 0px; font-family: Arial; font-size: 13pt; font-weight: bold; text-indent: 36pt;">PRESS RELEASE</div>
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      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 14pt; font-weight: bold;">Televisa Reports Fourth Quarter and Full Year 2021 Results</div>
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      <div style="text-align: center; margin-bottom: 6pt; font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">2021 Highlights</div>
      <div style="text-align: justify; margin-bottom: 6pt; font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;"><u>Consolidated</u></div>
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                <div style="margin-left: 18pt; margin-bottom: 6pt; font-size: 11pt;">&#8226;</div>
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                <div style="text-align: justify; margin-bottom: 6pt; font-family: Tahoma, sans-serif; font-size: 11pt;">Revenue and Operating Segment Income (&#8220;OSI&#8221;) grew by 6.3% and 7.3%, respectively.</div>
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      <div style="text-align: justify; margin-bottom: 6pt; font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;"><u>Cable</u></div>
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                <div style="text-align: justify; margin-bottom: 6pt; font-family: Tahoma, sans-serif; font-size: 11pt;">Solid revenue and OSI growth of 5.8% and 7.3%, respectively.</div>
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                <div style="text-align: justify; margin-bottom: 6pt; font-family: Tahoma, sans-serif; font-size: 11pt;">Organic growth of 501.3 thousand Revenue Generating Units (&#8220;RGUs&#8221;), reaching a total of approximately 14.6 million.</div>
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                  <div style="text-align: justify; margin-bottom: 6pt; font-family: Tahoma, sans-serif; font-size: 11pt;">Successfully achieved our plan to pass 2 million homes with fiber-to-the-home (&#8220;FTTH&#8221;).</div>
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          <u>Sky</u></div>
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                <div style="text-align: justify; margin-bottom: 6pt; font-family: Tahoma, sans-serif; font-size: 11pt;">Revenue and OSI fell by 0.5% and 6.9%, respectively, translating into a 38.6% margin.</div>
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                <div style="text-align: justify; margin-bottom: 6pt; font-family: Tahoma, sans-serif; font-size: 11pt;">OSI impacted by the amortization of certain sporting events that were cancelled in 2020 due to the COVID-19 pandemic.</div>
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                <div style="text-align: justify; margin-bottom: 6pt; font-family: Tahoma, sans-serif; font-size: 11pt;">Total RGUs of 8.2 million, with 22.1 thousand net-adds.</div>
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      <div style="text-align: justify; margin-bottom: 6pt; font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;"><u>Content</u></div>
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                <div style="text-align: justify; margin-bottom: 6pt; font-family: Tahoma, sans-serif; font-size: 11pt;">The top 20 most watched programs in Mexico were produced and transmitted by Televisa.</div>
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                <div style="text-align: justify; margin-bottom: 6pt; font-family: Tahoma, sans-serif; font-size: 11pt;">Revenue up by 10.2% driven by strong advertising activity from the private sector.</div>
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                <div style="text-align: justify; margin-bottom: 6pt; font-family: Tahoma, sans-serif; font-size: 11pt;">OSI growth of 11.5% with a margin of 38.3% &#8211; the highest Content margin since 2016.</div>
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                <div style="text-align: justify; margin-bottom: 6pt; font-family: Tahoma, sans-serif; font-size: 11pt;">Forecasted increase in advertising customer deposits for 2022 of 12.8%, representing the best upfront performance on Televisa&#8217;s history.</div>
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      <font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font> </div>
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    <div style="text-align: center; font-family: Arial, sans-serif; font-weight: bold;">Earnings Call Date and Time: Friday, February 25, 2022, at 09:00 A.M. ET.</div>
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      <div style="text-align: center; font-family: Arial, sans-serif;">Conference ID # is <font style="font-style: italic;">8966478</font></div>
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              <div style="text-align: center; font-family: Arial, sans-serif;">From the U.S.: +1 (833) 353 0403</div>
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              <div style="text-align: center; font-family: Arial, sans-serif;">From Mexico: 800 926 9147</div>
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              <div style="text-align: center; font-family: Arial, sans-serif;">International callers: +1 (630) 652 5765</div>
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              <div style="text-align: center; font-family: Arial, sans-serif;">Rebroadcast: +1 (404) 537-3406</div>
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      <div style="margin: 0px 0px 0px; font-family: Arial, 'sans-serif'; text-align: center;">The teleconference will be rebroadcast starting at 12:00 P.M. ET</div>
      <div style="text-align: center; margin-bottom: 10pt; font-family: Arial,sans-serif;">on February 25 and will end at midnight on March 11.</div>
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      <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal; font-family: Arial,'sans-serif';">1</font></div>
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    <div style="margin-bottom: 10pt; font-family: 'Times New Roman',serif;">
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 13pt; font-weight: bold;">Consolidated Results</div>
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      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Mexico City, February 24, 2022</font> &#8212; Grupo Televisa, S.A.B. (NYSE:TV; BMV: TLEVISA CPO; &#8220;Televisa&#8221; or &#8220;the Company&#8221;), today
        announced results for the full year and fourth quarter of<font style="font-family: Tahoma, sans-serif; font-size: 10pt;">&#160;</font>2021. The results have been prepared in accordance with International Financial Reporting Standards (&#8220;IFRS&#8221;).</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">The following table sets forth condensed consolidated statements of income for the years ended December 31, 2021 and 2020, in millions of Mexican pesos.</div>
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              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2021</div>
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              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Margin</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2020</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Margin</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Change</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;">Net sales</div>
            </td>
            <td nowrap="nowrap" style="width: 9.91%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">103,521.8</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">100.0</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">97,361.6</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">100.0</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">6.3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; 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, sans-serif; font-size: 9pt;">Operating segment income<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
            </td>
            <td style="width: 9.91%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">43,475.5</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">39.2</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">40,510.9</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">38.8</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">7.3</div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify; margin-bottom: 10pt; font-family: Arial, sans-serif; font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1 </sup>The operating segment income margin is calculated as a percentage of segment net sales.</div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">Net sales, increased by 6.3% to Ps.103,521.8 million in 2021 compared with Ps.97,361.6 million in 2020. This increased was due to revenue growth in the Content, Cable
        and Other Businesses segments. Operating segment income increased by 7.3%, translating into a 39.2% margin.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">The following table sets forth condensed consolidated statements of income for the years ended December 31, 2021 and 2020, in millions of Mexican pesos:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="zf43e00c12de040d0ad2ae6ed45d05a25" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 50%; 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, sans-serif; font-size: 9pt; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 9.91%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2021</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Margin</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2020</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Margin</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Change</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;">Net sales</div>
            </td>
            <td nowrap="nowrap" style="width: 9.91%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">103,521.8</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">100.0</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">97,361.6</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">100.0</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">6.3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;">Net income</div>
            </td>
            <td nowrap="nowrap" style="width: 9.91%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">6,578.2</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">6.4</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">302.8</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">0.3</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">n/a</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;">Net income (loss) attributable to stockholders of the Company</div>
            </td>
            <td nowrap="nowrap" style="width: 9.91%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">5,386.5</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">5.2</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(1,250.3)</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(1.3)</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">n/a</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;">Segment net sales</div>
            </td>
            <td nowrap="nowrap" style="width: 9.91%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">111,018.5</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">100.0</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">104,390.8</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">100.0</div>
            </td>
            <td nowrap="nowrap" style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">6.3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; 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, sans-serif; font-size: 9pt; font-weight: bold;">Operating segment income <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
            </td>
            <td style="width: 9.91%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">43,475.5</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">39.2</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">40,510.9</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">38.8</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">7.3</div>
            </td>
          </tr>

      </table>
      <div>
        <div>
          <div style="text-align: justify; font-family: Arial,sans-serif; font-size: 8pt;"><font style="text-align: left;">(1) </font>The operating segment income margin is calculated as a percentage of segment net sales.</div>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">Net income or loss attributable to stockholders of the Company amounted to a net income of Ps.5,386.5 million for 2021, compared with a net loss of Ps.1,250.3 million
        for 2020. The favorable net change of Ps.6,636.8 million, reflected (i) a Ps.9,298.5 million favorable change in share of income or loss of associates and joint ventures, net; (ii) a Ps.2,655.1 million increase in income before depreciation and
        amortization; (iii) a Ps.2,160.3 million increase in other income, net; and (iv) a Ps.361.4 million decrease in net income attributable to non-controlling interests.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">These favorable changes were partially offset by (i) a Ps.5,415.0 million increase in finance expense, net; (ii) a Ps.2,266.0 million increase in income taxes; and
        (iii) a Ps.157.5 million increase in depreciation and amortization.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">Dividend</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">The Company&#8217;s Board of Directors approved the payment of a dividend of Ps.0.35 per CPO and Ps.0.002991452991 per share of Series &#8220;A&#8221;, &#8220;B&#8221;, &#8220;D&#8221; and &#8220;L&#8221; Shares not in
        the form of a CPO. This dividend is subject to the approval of the Company&#8217;s stockholders.</div>
      <div style="margin-bottom: 10pt;"><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,'sans-serif'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 13pt; font-weight: bold;">Full year results by business segment</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">The following table presents full year consolidated results ended December 31, 2021 and 2020, for each of our business segments, in millions of Mexican pesos.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="z944241f6a1cd4931af5c9434baf7143f" style="width: 86%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

          <tr>
            <td style="width: 50%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Net Sales</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2021</div>
            </td>
            <td style="width: 9.95%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2020</div>
            </td>
            <td style="width: 9.95%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">&#160;%</div>
            </td>
            <td style="width: 9.95%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Change</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt;">Cable</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">48,020.9</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">43.3</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">45,367.1</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">43.5</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">5.8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt;">Sky</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">22,026.6</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">19.8</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">22,134.7</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">21.2</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(0.5)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt;">Content</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">35,941.9</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">32.4</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">32,613.0</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">31.2</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">10.2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt;">Other Businesses</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">5,029.1</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">4.5</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">4,276.0</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">4.1</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">17.6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Segment Net Sales</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">111,018.5</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">100.0</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">104,390.8</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">100.0</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">6.3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt;">Intersegment Operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(7,496.7)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">&#160;</td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(7,252.5)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">&#160;</td>
            <td style="width: 9.95%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Net Sales</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">103,521.8</div>
            </td>
            <td style="width: 9.95%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">97,138.3</div>
            </td>
            <td style="width: 9.95%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">6.6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt;">Disposed Operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup></div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial,sans-serif; font-size: 9pt;">-</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">n/a</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">223.3</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">n/a</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">n/a</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Consolidated Net Sales</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">103,521.8</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">97,361.6</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: #000000 2px solid;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">6.3</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 10pt;"><font style="font-family: Arial, sans-serif; font-size: 9pt; font-style: italic;"> </font><br>
      </div>
      <table cellspacing="0" cellpadding="0" align="center" id="z81f5c75c0d814cb9b0285dfd20f8998a" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 86%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 50%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Operating Segment Income<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2021</div>
            </td>
            <td style="width: 9.95%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Margin</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">&#160;%</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2020</div>
            </td>
            <td style="width: 9.95%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Margin</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
            <td style="width: 9.95%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Change</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;">Cable</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">20,285.0</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">42.2</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">18,898.3</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">41.7</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">7.3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;">Sky</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">8,504.2</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">38.6</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">9,135.3</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">41.3</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(6.9)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;">Content</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">13,779.0</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">38.3</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">12,360.8</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">37.9</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">11.5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;">Other Businesses</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">907.3</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">18.0</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">116.5</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">2.7</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">678.8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;"><font style="font-weight: bold;">Operating Segment Income</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">43,475.5</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">39.2</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">40,510.9</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">38.8</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">7.3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;">Corporate Expenses</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(2,203.5)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(2.0)</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(1,882.9)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(1.8)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(17.0)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;">Depreciation and Amortization</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(21,418.3)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(20.7)</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(21,260.8)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(21.8)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(0.7)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;">Other Income, net</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">2,394.0</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">2.3</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">233.7</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">0.2</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">n/a</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt;">Intersegment Operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(64.4)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(0.1)</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(71.5)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(0.1)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">9.9</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;">Disposed Operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup></div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">n/a</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(4)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">n/a</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">n/a</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Operating Income</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">22,183.3</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">21.4</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">17,525.4</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">18.0</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">26.6</div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify; font-family: Arial,sans-serif; font-size: 9pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> </sup>
        <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 86%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" id="z5cc588663f00456db9284909170f6ad3">

            <tr>
              <td style="width: 90.00%;">
                <div>
                  <div style="text-align: justify; font-family: Arial,sans-serif; font-size: 9pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> For segment reporting purposes, intersegment operations are included in each of the segment operations.</div>
                  <div style="text-align: justify; font-family: Arial,sans-serif; font-size: 9pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2 </sup>Operating segment income is defined as operating income before depreciation and amortization, corporate expenses, and other income or expense,
                    net.</div>
                  <div style="text-align: justify; font-family: Arial,sans-serif; font-size: 9pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3 </sup>The sale of the Company&#8217;s Radio business was concluded on July 2nd, 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 year ended December 31, 2020. <br>
                  </div>
                </div>
              </td>
            </tr>

        </table>
      </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,'sans-serif'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 13pt; font-weight: bold;">Fourth quarter results by business segment</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">The following table presents fourth quarter consolidated results ended December 31, 2021 and 2020, for each of our business segments. Fourth quarter consolidated
        results for 2021 and 2020 are presented in millions of Mexican pesos.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" align="center" id="z9144591f1ae54440b063b3998887ee70" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 90%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 50%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Net Sales</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">4Q&#8217;21</div>
            </td>
            <td style="width: 9.95%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">4Q&#8217;20</div>
            </td>
            <td style="width: 9.95%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">&#160;%</div>
            </td>
            <td style="width: 9.95%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Change</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt;">Cable</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">12,296.2</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">40.1</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">11,825.7</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">39.8</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">4.0</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt;">Sky</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">5,372.3</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">17.5</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">5,616.7</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">18.9</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(4.4)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt;">Content</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">11,559.3</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">37.7</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">11,111.5</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">37.4</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">4.0</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt;">Other Businesses</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">1,448.2</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">4.7</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">1,170.0</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">3.9</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">23.8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Segment Net Sales</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">30,676.0</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">100.0</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">29,723.9</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">100.0</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">3.2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt;">Intersegment Operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(1,864.2)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">&#160;</td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(1,941.2)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">&#160;</td>
            <td style="width: 9.95%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Net Sales</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">28,811.8</div>
            </td>
            <td style="width: 9.95%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Calibri, sans-serif; font-size: 11pt;">&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">27,782.7</div>
            </td>
            <td style="width: 9.95%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Calibri, sans-serif; font-size: 11pt;">&#160;</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">3.7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Consolidated Net Sales</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">28,811.8</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">27,782.7</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">&#160;</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">3.7</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 10pt;"><font style="font-family: Arial, sans-serif; font-size: 9pt; font-style: italic;"> </font><br>
      </div>
      <table cellspacing="0" cellpadding="0" align="center" id="zc67b764224c640109ef84579a64e3415" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 90%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 50%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Operating Segment Income<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">4Q&#8217;21</div>
            </td>
            <td style="width: 9.95%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Margin</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">4Q&#8217;20</div>
            </td>
            <td style="width: 9.95%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Margin</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">&#160;%</div>
            </td>
            <td style="width: 9.95%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Change</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;">Cable</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">5,365.8</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">43.6</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">4,954.8</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">41.9</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">8.3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;">Sky</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">1,845.4</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">34.4</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">2,143.2</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">38.2</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(13.9)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;">Content</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">5,443.7</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">47.1</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">5,371.4</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">48.3</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">1.3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;">Other Businesses</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">368.5</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">25.4</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">164.6</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">14.1</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">123.9</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;"><font style="font-weight: bold;">Operating Segment Income</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">13,023.4</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">42.5</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">12,634.0</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">42.5</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">3.1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;">Corporate Expenses</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(741.6)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(2.4)</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(718.2)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(2.4)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(3.3)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;">Depreciation and Amortization</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(5,676.6)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(19.7)</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(5,639.3)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(20.3)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(0.7)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt;">Other Income (Expense), net</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">3,239.5</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">11.2</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(423.7)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(1.5)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">n/a</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 4pt; font-family: Arial, sans-serif; font-size: 9pt;">Intersegment Operations<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(18.8)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(0.1)</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(16.3)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(0.1)</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(15.3)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 3.55pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Operating Income</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">9,825.9</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">34.1</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">5,836.5</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">21.0</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">68.4</div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify; font-family: Arial,sans-serif; font-size: 9pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> </sup>
        <table cellspacing="0" cellpadding="0" border="0" align="right" style="width: 93%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" id="z62fb6243e5184211b0527f18f066ae3c">

            <tr>
              <td style="width: 90%;">
                <div>
                  <div style="text-align: justify; font-family: Arial,sans-serif; font-size: 9pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> 1</sup> For segment reporting purposes, intersegment operations are included in each of the segment operations.</div>
                  <div style="text-align: justify; font-family: Arial,sans-serif; font-size: 9pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> Operating segment income is defined as operating income before depreciation and amortization, corporate expenses, and other income or expense,
                    net. <br>
                  </div>
                </div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: justify; margin-right: 22.5pt; margin-left: 28.35pt; font-family: Arial,sans-serif; font-size: 9pt; clear: both;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> <br>
        </sup></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,'sans-serif'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 13pt; font-weight: bold;">Cable</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Total net additions for the quarter</font> were over 217.8 thousand RGUs. Quarterly growth was mainly driven by 131.5 thousand voice
        net additions and 58.3 thousand broadband net additions. Video RGUs increased by 10.9 thousand, reverting the negative trend of the last five consecutive quarters.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">The following table sets forth the breakdown of RGUs per service type for our Cable segment as of December 31, 2021 and 2020.</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" align="center" id="zdc768e1760eb4ee7967dd2297f1916ab" style="width: 90%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

            <tr>
              <td style="width: 40%; 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);">
                <div style="font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">RGUs</div>
              </td>
              <td style="width: 15%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">4Q&#8217;21 Net</div>
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;"> Adds</div>
              </td>
              <td style="width: 15%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2021 Net </div>
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Adds</div>
              </td>
              <td style="width: 15%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2021</div>
              </td>
              <td style="width: 15%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2020</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, sans-serif; font-size: 9pt;">Video</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">10,931</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(118,222)</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">4,166,460</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">4,284,682</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, sans-serif; font-size: 9pt;">Broadband</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">58,319</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">218,243</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">5,649,102</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">5,430,859</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, sans-serif; font-size: 9pt;">Voice</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">131,527</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">320,735</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">4,617,265</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">4,296,530</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, sans-serif; font-size: 9pt;">Mobile</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">17,072</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">80,536</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">156,051</div>
              </td>
              <td style="width: 15%; vertical-align: middle;">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">75,515</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Total RGUs</div>
              </td>
              <td style="width: 15%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">217,849</div>
              </td>
              <td style="width: 15%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">501,292</div>
              </td>
              <td style="width: 15%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">14,588,878</div>
              </td>
              <td style="width: 15%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">14,087,586</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Fourth quarter sales</font> increased by 4.0% to Ps.12,296.2 million compared with Ps.11,825.7 million in the fourth quarter of 2020
        driven by solid RGU net additions in voice and broadband, and strong revenue performance in our Enterprise operations.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Full year sales</font> increased by 5.8% to Ps.48,020.9 million compared with Ps.45,367.1 million in 2020. Total RGUs reached 14.6
        million. Total net additions for the year were 501.3 thousand.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Fourth quarter operating segment income </font>increased by 8.3% to Ps.5,365.8 million compared with Ps. 4,954.8 million in the
        fourth quarter of 2020. The margin reached 43.6%.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Full year operating segment income </font>increased by 7.3% to Ps.20,285.0 million compared with Ps.18,898.3 million in 2020. The
        margin reached 42.2%.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">The following tables set forth the breakdown of revenues and operating segment income, excluding consolidation adjustments, for our MSO and Enterprise operations for
        the fourth quarter of 2021 and 2020, and for the full year of 2021 and 2020.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="z2417c08050da416eaeb570cf66b58a64" style="width: 90%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

          <tr>
            <td style="width: 40%; 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, sans-serif; font-size: 9pt;"><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, sans-serif; font-size: 9pt;">Millions of Mexican pesos</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2021</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2020</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Change %</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">4Q&#8217;21</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">4Q&#8217;20</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Change %</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Revenue</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">42,890.0</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">40,441.4</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">6.1</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">11,036.9</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">10,529.4</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">4.8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Operating Segment Income</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">18,387.5</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">17,091.4</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">7.6</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">4,846.1</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">4,471.4</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">8.4</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Margin (%)</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">42.9</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">42.3</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">43.9</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">42.5</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">&#160;</div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify; margin-left: 92.15pt;"><font style="font-family: sans-serif; font-size: 12pt;"><br>
        </font><br>
      </div>
      <table cellspacing="0" cellpadding="0" align="center" id="z9c8a4b5f96a74018b9986d7fbff11a40" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 90%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 40%; 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, sans-serif; font-size: 9pt;"><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, sans-serif; font-size: 9pt;">Millions of Mexican pesos</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2021</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2020</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Change %</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">4Q&#8217;21</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">4Q&#8217;20</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Change %</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Revenue</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">7,272.1</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">6,783.3</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">7.2</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">1,962.3</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">1,778.1</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">10.4</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Operating Segment Income</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">2,535.3</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">2,388.3</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">6.2</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">703.5</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">645.8</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">8.9</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Margin (%)</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">34.9</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">35.2</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">35.9</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">36.3</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">&#160;</div>
            </td>
          </tr>

      </table>
      <div>
        <div> </div>
        <table cellspacing="0" cellpadding="0" border="0" align="center" id="z139d2eee710b434282878850afe60e88" class="DSPFListTable" style="width: 90%; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left;">

            <tr>
              <td style="width: 14.2pt; vertical-align: top;">
                <div style="font-family: Arial,sans-serif; font-size: 8pt;">(1)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; font-family: Arial,sans-serif; font-size: 8pt;">Full year results do not include the consolidation adjustments of Ps.2,141.2 million in revenues nor Ps.637.8 million in Operating Segment Income for 2021,
                  neither the consolidation adjustments of Ps1,857.6 million in revenues nor Ps.581.4 million in Operating Segment Income for 2020. Likewise, fourth quarter results do not include the consolidation adjustments of Ps.703.0 million in
                  revenues nor Ps.183.8 million in Operating Segment Income for fourth quarter 2021, neither the consolidation adjustments of Ps.481.8 million in revenues nor Ps.162.4 million in Operating Segment Income for fourth quarter 2020.
                  Consolidation adjustments are considered in the consolidated results of the Cable segment.</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: Arial,'sans-serif'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Full year sales and operating segment income</font>&#160;<font style="font-weight: bold;">in our MSO</font> operations increased by 6.1%
        and 7.6%, respectively, reaching a margin of 42.9%. <font style="font-weight: bold;">Full year sales and operating segment income in our Enterprise Operations</font> increased by 7.2% and 6.2%, respectively.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 13pt; font-weight: bold;">Sky</div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 13pt; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">The number of net active subscribers decreased by 72.8 thousand during the quarter to 8.2 million as of December 31, 2021. Quarterly decline was mainly driven by 80.2
        thousand video disconnections partially offseted by net additions in broadband and mobile subscribers.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">The following table sets forth the breakdown of RGUs per service type for Sky as of December 31, 2021 and 2020.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" align="center" id="z9c06311d538c4f3ea7ffc6ac628b7cee" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 90%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 40%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">RGUs</div>
            </td>
            <td style="width: 15%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">4Q&#8217;21 Net </div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Adds</div>
            </td>
            <td style="width: 15%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2021 Net </div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Adds</div>
            </td>
            <td style="width: 15%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2021</div>
            </td>
            <td style="width: 15%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Video</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(80,203)</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(69,219)</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">7,408,075</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">7,477,294</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Broadband</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">4,745</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">61,319</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">727,226</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">665,907</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Voice</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(48)</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(291)</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">601</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">892</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Mobile</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">2,711</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">30,266</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">30,266</div>
            </td>
            <td style="width: 15%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">n/a</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Total RGUs</div>
            </td>
            <td style="width: 15%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">(72,795)</div>
            </td>
            <td style="width: 15%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">22,075</div>
            </td>
            <td style="width: 15%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">8,166,168</div>
            </td>
            <td style="width: 15%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">8,144,093</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Fourth quarter sales</font> decreased by 4.4% to Ps.5,372.3 million compared with Ps.5,616.7 million in the fourth quarter of 2020,
        mainly explained by lower recharges of Sky&#8217;s prepaid packages as children have returned to in-person classes and workers are going back to the office.</div>
      <div><br>
      </div>
      <div style="margin-bottom: 10pt; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Full year sales</font> were Ps.22,026.6 million, relatively flat compared with Ps.22,134.7 million in 2020.</div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Fourth quarter operating segment income</font> decreased by 13.9% to Ps.1,845.4 million compared with Ps.2,143.2 million in the fourth
        quarter of 2020, driven by the amortization of certain sporting events, and the lower revenue. The margin was 34.4%.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Full year operating segment income</font> decreased by 6.9% to Ps.8,504.2 million compared with Ps.9,135.3 million in 2020, impacted
        by the amortization of certain sporting events that were cancelled in 2020 due to the COVID-19 pandemic. The margin was 38.6%.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 13pt; font-weight: bold;">Content</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Fourth quarter sales</font> increased by 4.0% to Ps.11,559.3 million compared with Ps.11,111.5 million in the fourth quarter of 2020.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Full year sales </font>increased by 10.2% to Ps.35,941.9 million compared with Ps.32,613.0 million in 2020.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" align="center" id="z86df61c7b7db4b988b193269133dd3b1" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 90%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 50%; 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, sans-serif; font-size: 9pt;">Millions of Mexican pesos</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2021</div>
            </td>
            <td style="width: 9.95%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
            <td style="width: 10%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2020</div>
            </td>
            <td style="width: 9.95%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">%</div>
            </td>
            <td style="width: 9.95%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Change</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;"> %</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Advertising</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">19,162.0</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">53.3</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">16,349.8</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">50.1</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">17.2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Network Subscription</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">5,390.8</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">15.0</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">5,466.2</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">16.8</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(1.4)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Licensing and Syndication</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">11,389.1</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">31.7</div>
            </td>
            <td style="width: 10%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">10,797.0</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">33.1</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">5.5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Net Sales</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">35,941.9</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">&#160;</div>
            </td>
            <td style="width: 10%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">32,613.0</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">&#160;</div>
            </td>
            <td style="width: 9.95%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">10.2</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: Arial,'sans-serif'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><u>Advertising</u></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Fourth quarter advertising sales</font> were Ps.7,103.2 million, increasing by 7.2% compared with Ps.6,628.1 million in the fourth
        quarter of 2020 as most of our private sector clients are looking to position their brands, products and services in front of consumers.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Full year advertising sales</font> increased by 17.2%<font style="font-family: Cambria, serif; font-size: 12pt;">&#160;</font>as the
        economic rebound has been driving marketing activity and advertising spending across all major categories.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">Forecasted advertising customer deposits for 2022 increased by 12.8%, representing the best upfront performance on Televisa&#8217;s history.</div>
      <div><br>
      </div>
      <div style="font-family: Arial, sans-serif; font-size: 11pt;"><u>Network Subscription</u></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Fourth quarter Network Subscription revenues</font> were Ps.1,392.5 million, relatively flat compared with Ps.1,401.7 million in the
        fourth quarter of 2020.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Full year Network Subscription revenue</font> decreased by 1.4% compared to 2020.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><u>Licensing and Syndication</u></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Fourth quarter Licensing and Syndication sales</font> decreased by 0.6% to Ps.3,063.6 million from Ps.3,081.7 million in the fourth
        quarter of 2020. Royalties from Univision remained flat, reaching U.S.$110.0 million in the fourth quarter of 2021, notwithstanding the decrease of political ad spending compared to the same period of 2020. For the <font style="font-weight: bold;">full





          year 2021</font> royalties from Univision increased by 10.1%, reaching an all-time-high of U.S.$417.8 million.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Fourth quarter operating segment income,</font> increased by 1.3% to Ps.5,443.7 compared with Ps.5,371.4 million in the fourth quarter
        of 2020. The margin was 47.1%.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Full-year operating segment income </font>increased by 11.5% to Ps.13,779.0 million compared with Ps. 12,360.8 million in 2020, while
        the margin was 40 bps higher than that of 2020, reaching 38.3%.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 13pt; font-weight: bold;">Other Businesses</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Fourth quarter sales </font>increased by 23.8% to Ps.1,448.2 million compared with Ps.1,170.0 million in the fourth quarter of 2020.
        <font style="font-weight: bold;">Full year sales </font>increased by 17.6% to Ps.5,029.1 million compared with Ps.4,276.0 million in 2020.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;"><font style="font-weight: bold;">Fourth quarter operating segment income</font> increased by 123.9% to Ps.368.5 million compared with Ps.164.6 million in the fourth
        quarter of 2020. <font style="font-weight: bold;">Full year operating segment income</font> increased by 678.9% to Ps.907.3 million compared with Ps.116.5 million in 2020.</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,'sans-serif'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">Corporate Expense</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">Corporate expense increased by Ps.320.6 million, or 17.0%, to Ps.2,203.5 million in 2021, from Ps.1,882.9 million in 2020. This increase is due to a higher employee
        profit sharing expense.&#160; In addition, share-based compensation expense in 2021 and 2020, amounted to Ps.1,088.4 million and Ps.984.4 million, respectively, and was accounted for as corporate expense. Share-based compensation expense is&#160; 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, sans-serif; font-size: 11pt; font-weight: bold;">Other Income or Expense, Net</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">Other income, net, increased by Ps.2,160.3 million, to Ps.2,394.0 million in 2021, from Ps.233.7 million in 2020. This increase reflected primarily (i) a Ps.4,547.0
        million pre-tax gain on disposition of our former 40% equity stake in Ocesa Entretenimiento, S.A. de C.V. (&#8220;OCEN&#8221;), a live entertainment company with operations primarily in Mexico, which sale was concluded in December 2021. This pre-tax gain was
        partially offset by (i) a higher expense related to a legal and financial advisory and professional services;(ii) accrued expense related to the combination with Univision of our Content business operations and other net assets in the first quarter
        of 2022; (iii) surcharges resulting from payments made in 2021 by three companies in our Cable, Sky and Content segments for income taxes of prior years; (iv) an increase in impairment adjustments primarily in connection with goodwill, intangible
        assets and property and equipment in our Other Businesses segment; (v) a higher non-recurring severance expense in connection with dismissals of personnel in the Content and Cable segments; (vi) the absence in 2021 of a Ps.932.4 million pre-tax
        gain on disposition of our 50% equity stake in our former Radio business, which sale was concluded in July, 2020; and (vii) the absence in 2021 of a Ps.167.6 million one-time cash reimbursement in the second quarter of 2020, in connection with a
        legal outcome favorable to our former associate, Imagina Media Audiovisual, S.L.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">The following table sets forth the breakdown of cash and non-cash other income (expense), net, stated in millions of Mexican pesos, for the years ended December 31,
        2021 and 2020.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="zeaea4c85f4234a01b34776e2f03ffef6" style="width: 50%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

          <tr>
            <td style="width: 50%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Other income (expense), net</div>
            </td>
            <td style="width: 25%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2021</div>
            </td>
            <td style="width: 25%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Cash</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">2,811.0</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">197.9</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Non-cash</div>
            </td>
            <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(417.0)</div>
            </td>
            <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">35.8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Total</div>
            </td>
            <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">2,394.0</div>
            </td>
            <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">233.7</div>
            </td>
          </tr>

      </table>
      <div style="margin-bottom: 10pt;"><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,'sans-serif'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">8</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">Finance Expense, Net</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">The following table sets forth the finance (expense) income, net, stated in millions of Mexican pesos for the years ended December 31, 2021 and 2020.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="z956db731549a4de593c5992fa92e0120" style="width: 80%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

          <tr>
            <td style="width: 55%; 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: 15%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2021</div>
            </td>
            <td style="width: 15%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2020</div>
            </td>
            <td style="width: 15%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Favorable</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">(Unfavorable)</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">change</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;">Interest expense</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(9,162.4)</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(10,482.2)</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">1,319.8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;">Interest income</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">620.2</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">1,133.0</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(512.8)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;">Foreign exchange (loss) gain, net</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(1,944.6)</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">3,004.9</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(4,949.5)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;">Other finance (expense) income, net</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(1,183.2)</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">89.3</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">(1,272.5)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; 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, sans-serif; font-size: 9pt; font-weight: bold;">Finance expense, net</div>
            </td>
            <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">(11,670.0)</div>
            </td>
            <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">(6,255.0)</div>
            </td>
            <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">(5,415.0)</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">Finance expense, net, increased by Ps.5,415.0 million, or 86.6%, to Ps.11,670.0 million in 2021, from Ps.6,255.0 million in 2020.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">This increase reflected:</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zdc6a7b8e6b684a78b7e506f58df99ba6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 54pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; font-family: Arial, sans-serif; font-size: 11pt;">(i)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">a Ps.4,949.5 million unfavorable change in foreign exchange gain or loss, net, resulting primarily from a 2.8% depreciation of the Mexican peso against the
                  U.S. dollar for the year ended December 31, 2021, on a higher U.S. dollar average net liability position in 2021; compared with an average appreciation of the Mexican peso against the U.S. dollar during the year ended&#160; December 31, 2020;</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="z3009538a940b40718ee74f9a373a7334" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 54pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; font-family: Arial, sans-serif; font-size: 11pt;">(ii)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="font-family: Arial, sans-serif; font-size: 11pt;">a Ps.512.8 million decrease in interest income, primarily explained by a lower average amount of cash equivalents; and</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" id="zaf6a6b85b5874f8fbe3762cd28c0b2c6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 54pt; vertical-align: top; align: right;">
                <div style="margin-left: 18pt; font-family: Arial, sans-serif; font-size: 11pt;">(iii)</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">a Ps.1,272.5 million unfavorable change in other finance income or expense, net, resulting primarily from changes in fair value of our derivative contracts.</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-bottom: 10pt; font-family: Arial, sans-serif; font-size: 11pt;">These unfavorable variances were partially offset by a Ps.1,319.8 million decrease in interest expense, primarily due to a lower average principal
        amount of long-term debt in 2021.</div>
      <div><br>
      </div>
      <div style="font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">Share of Income or Loss of Associates and Joint Ventures, Net</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">Share of income or loss of associates and joint ventures, net, changed by Ps.9,298.5 million, to a share of income of Ps.3,558.8 million in 2021, from a share of loss
        of Ps.5,739.7 million in 2020. This favorable change reflected mainly (i) the absence of a Ps.5,455.4 million impairment adjustment to the carrying value of our investment in shares of Univision Holdings, Inc. (&#8220;UHI&#8221;) as of March 31 of 2020; (ii) a
        higher share of income of Univision Holdings II, Inc. (&#8220;UH II&#8221;, currently TelevisaUnivision, Inc.), the successor company of UHI,&#160; and the controlling company of Univision Communications Inc. (&#8220;UCI&#8221; and jointly with UHI, UH II, &#8220;Univision&#8221;); and
        (iii) a lower share of loss of OCEN, in which we mantained a 40% interest and disposed of in December, 2021, as discussed below.</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,'sans-serif'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">9</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">Income Taxes</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">Income taxes increased by Ps.2,266.0 million, or 43.3%, to Ps.7,493.9 million in 2021, compared with Ps.5,227.9 million in 2020. This increase reflected mainly a
        higher effective income tax rate, primarily in connection with (i) an inflationary tax gain in some of our companies resulting primarily from a higher inflation in 2021 (7.4% in 2021 compared to 3.2% in 2020); (ii) additional income taxes from
        prior years paid by three of our companies, resulting from assessments made by the Mexican tax authority in the second and third quarters of 2021; (iii) a partial write-off of a deferred income tax asset recognized in 2014, as result of an
        assessment made by the Mexican tax authority in the first quarter of 2022; and (iv) income taxes paid in 2021 from gains on sales of shares and property among some of our companies in conjunction with reorganization activities contemplated by the
        Transaction Agreement entered into by Televisa and UHI in April 2021.</div>
      <div><br>
      </div>
      <div style="font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">Net Income Attributable to Non-controlling Interests</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">Net income attributable to non-controlling interests decreased by Ps.361.4 million, or 23.3%, to Ps.1,191.7 million in 2021, compared with Ps.1,553.1 million in 2020.
        This decrease reflected primarily a lower portion of net income attributable to non-controlling interests in our Sky and Cable segments.</div>
      <div><br>
      </div>
      <div style="font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">Capital Expenditures</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">During 2021, we invested approximately U.S.$1,149.1 million in property, plant and equipment as capital expenditures. The following table sets forth the breakdown by
        segment of capital expenditures for 2021 and 2020.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="z393313f9fa2a467db0db1c4623e39e89" style="width: 50%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

          <tr>
            <td style="width: 50%; 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, sans-serif; font-size: 9pt; font-weight: bold;">Capital Expenditures</div>
              <div style="text-align: center; font-family: Arial, sans-serif; font-size: 9pt;">Millions of U.S. Dollars</div>
            </td>
            <td style="width: 25%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2021</div>
            </td>
            <td style="width: 25%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2020</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;">Cable</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">854.5</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">662.5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;">Sky</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">244.1</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">250.2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt;">Content and Other Businesses</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">50.5</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt;">26.7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; 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, sans-serif; font-size: 9pt; font-weight: bold;">Total</div>
            </td>
            <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">1,149.1</div>
            </td>
            <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">939.4</div>
            </td>
          </tr>

      </table>
      <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,'sans-serif'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">10</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">Closing of the Transaction with TelevisaUnivision</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">After receiving all required regulatory approvals, on January 31, 2022, Televisa and TelevisaUnivision, Inc. (&#8220;TelevisaUnivision&#8221;, formerly UH II) announced that the
        combination of the Group&#8217;s media, content and production assets with Univision was concluded on that date. As a result, in the first quarter of 2022, Televisa expects to (i) increase its cash and cash equivalents in the amount of approximately
        U.S.$3,220 million; (ii) increase its investment in common and preferred shares of TelevisaUnivision in the amount of U.S.$1,500 million; (iii) recognize a net gain on the disposal with Univision of its former Content business and other net assets
        in the consolidated statement of income for the first quarter of 2022; (iv) increase its share of income or loss in associates derived from a larger ownership in TelevisaUnivision; and (v) increase its consolidated finance income derived from
        returns from the investment in preferred shares issued by TelevisaUnivision. The expected results of this transaction will be partially offset in the consolidated statement of income for the first quarter of 2022, by a reduction in the consolidated
        operating income resulting primarily from the disposal of the former Content business. Also, beginning in the first quarter of 2022, Televisa will present the results of operations from the disposed businesses as discontinued operations in the
        consolidated statements of income for any prior period presented for comparative purposes and for the month ended January 31, 2022.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">Disposal of OCEN</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">In December, 2021, Televisa announced the closing of the sale of the unconsolidated 40% equity participation in OCEN to Live Nation Entertainment, Inc. (&#8220;Live
        Nation&#8221;). Televisa received approximately Ps.5.2 billion for the equity interest in OCEN, and Live Nation held back and retained 7% of the total amount of the transaction to cover OCEN potential operating losses, if any, for a period of time
        following closing, in addition to certain customary closing adjustments.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">Debt and Lease Liabilities</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">The following table sets forth the total debt and lease liabilities as of December 31, 2021 and 2020. Amounts are stated in millions of Mexican pesos.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="zc863ad870fc5429ead1b80b90b7a3d0f" style="width: 90%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

          <tr>
            <td style="width: 55%; 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: 15%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">December 31, </div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2021</div>
            </td>
            <td style="width: 15%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">December 31, </div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">2020</div>
            </td>
            <td style="width: 15.37%; 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, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">Increase</div>
              <div style="text-align: right; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic; font-weight: bold;">(Decrease)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Current portion of long-term debt</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt;">4,106.4</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt;">617.0</div>
            </td>
            <td style="width: 15.37%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt;">3,489.4</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 55%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 15.37%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Long-term debt, net of current portion</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt;">121,685.7</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt;">121,936.0</div>
            </td>
            <td style="width: 15.37%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt;">(250.3)</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 55%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 15.37%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 22.05pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Total debt <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">125,792.1</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">122,553.0</div>
            </td>
            <td style="width: 15.37%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">3,239.1</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 55%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 15.37%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Current portion of long-term lease liabilities</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt;">1,478.4</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt;">1,277.7</div>
            </td>
            <td style="width: 15.37%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt;">200.7</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 55%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 15.37%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="font-family: Arial, sans-serif; font-size: 9pt;">Long-term lease liabilities, net of current portion</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt;">8,202.2</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt;">8,014.6</div>
            </td>
            <td style="width: 15.37%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt;">187.6</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 55%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 15.37%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; margin-left: 22.05pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Total lease liabilities</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">9,680.6</div>
            </td>
            <td style="width: 15%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">9,292.3</div>
            </td>
            <td style="width: 15.37%; vertical-align: top;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">388.3</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 55%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 15.37%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 55%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="margin-left: 22.05pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Total debt and lease liabilities</div>
            </td>
            <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">135,472.7</div>
            </td>
            <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">131,845.3</div>
            </td>
            <td style="width: 15.37%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: right; margin-left: 22.5pt; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">3,627.4</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 55%; vertical-align: middle;">&#160;</td>
            <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 15%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 15.37%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
      <div style="text-align: justify; margin-bottom: 10pt; font-family: Arial, sans-serif; font-size: 8pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> </sup>
        <table cellspacing="0" cellpadding="0" border="0" align="center" style="width: 90%; color: #000000; font-family: Arial, 'sans-serif'; font-size: 8pt;" id="z3e4c4a5834e64407afab338225a5f606">

            <tr>
              <td style="width: 90.00%;">
                <div style="font-family: Arial,'sans-serif';"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup> As of December 31of 2021 and 2020, total debt is presented net of finance costs in the amount of Ps.1,207.1million and Ps.1,324.3 million, respectively. <br>
                </div>
              </td>
            </tr>

        </table>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: Arial,'sans-serif'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">11</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; margin-bottom: 10pt; font-family: Arial, sans-serif; font-size: 11pt;">As of December 31, 2021, the consolidated net debt position (total debt and lease liabilities, less cash and cash equivalents, temporary
        investments and certain non-current investments in financial instruments) was Ps.105,219.9 million. The aggregate amount of non-current investments in financial instruments included in the consolidated net debt position as of December 31, 2021,
        amounted to Ps.4,462.9 million.</div>
      <div style="font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">Shares Outstanding</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">As of December 31, 2021 and 2020, our shares outstanding amounted to 329,295.9 million and 325,992.5 million shares, respectively, and our CPO equivalents outstanding
        amounted to 2,814.5 million and 2,786.3 million CPO equivalents, respectively. Not all of our shares are in the form of CPOs. The number of CPO equivalents is calculated by dividing the number of shares outstanding by 117.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">As of December 31, 2021 and 2020, the GDS (Global Depositary Shares) equivalents outstanding amounted to 562.9 million and 557.3 million GDS equivalents, respectively.
        The number of GDS equivalents is calculated by dividing the number of CPO equivalents by five.</div>
      <div><br>
      </div>
      <div style="font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">Sustainability</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">During the fourth quarter, MSCI upgraded Televisa rating to BBB after being at B for a year. MSCI is a leading provider of critical decision support tools and services
        for the global investment community.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">Also, for the fifth consecutive year, the Company has been selected as a member of the 2021 Dow Jones Sustainability MILA Pacific Alliance Index, which measures
        best-inclass companies among members of the S&amp;P MILA Pacific Alliance Composite that fulfill certain sustainability criteria better than the majority of their peers within a given industry. In addition, Televisa was selected as one of only four
        Mexican companies in the 2021 Dow Jones Sustainability Emerging Markets Index. This year, Televisa&#8217;s Corporate Sustainability Assessment score increased, demonstrating the Company&#8217;s strong commitment to making sustainability an important component
        in the formulation of its business strategy.</div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">The Dow Jones Sustainability Indices are a family of best-in-class benchmarks for investors who recognize that sustainable business practices are critical to
        generating long-term shareholder value and wish to reflect their sustainability convictions in their investment portfolios.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">Throughout 2021, Televisa's many sustainability efforts continued to be recognized globally. For example, the Company was included in three FTSE4Good Index Series:
        FTSE4Good Emerging Markets, FTSE4Good Emerging Latin America, and FTSE4Good BIVA. Also, Televisa was selected as a constituent of the ESG index, launched by S&amp;P, Dow Jones, and the Mexican Stock Exchange. Finally, Televisa was confirmed as a
        United Nations Global Compact signatory, the world's largest corporate sustainability initiative.</div>
      <div><br>
      </div>
      <div style="font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">COVID-19 Impact</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">For the quarter ended December 31, 2021, the financial crisis caused by the COVID-19 pandemic still had a negative effect on our business, financial position and
        results of operations, and it is currently difficult to predict the degree of the impact in the future.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">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 for our products across our segments as our clients and customers reduce or defer their spending.</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: Arial,'sans-serif'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">12</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">Although vaccination efforts continue, the Mexican Government is still implementing its plan to reactivate economic activities in accordance with color-based phases
        determined in every state of the country. Most non-essential economic activities are open, and there are some limitations in place with respect to capacity and hours of operation. Notwithstanding the foregoing, during the quarter ended December 31,
        2021, 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><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">We continued operating our media business (until its combination with Univision on January 31,&#160; 2022) and our telecommunications business uninterrupted to continue
        benefiting the country with connectivity, entertainment and information, and during the quarter ended December 31, 2021, we continued with the production of new content in accordance with the requirements and health guidelines imposed by the
        Mexican Government.&#160; The Content business continued to recover during the quarter ended December 31, 2021 as a result of the easing in lockdown restrictions in most jurisdictions in which our customers are located.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">In our Other Businesses segment, sporting and other entertainment events for which we have broadcast rights, or which we produce, organize, promote and/or are located
        in venues we own, are operating with some restrictions and taking the corresponding sanitary measures, and our casinos are operating with reduced capacity and hours of operation, with some casinos closing and reopening in regions with a high number
        of COVID-19 cases, as mandated by the authorities.&#160; Local authorities may impose additional rules, including restrictions on capacity and operating hours, which may affect the results of our Other Businesses segment in the following months.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">In addition, 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, and which may affect our operations.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">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><br>
      </div>
      <div style="font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">Additional Information Available on Website</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 11pt;">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, 2020, which is posted on the &#8220;Reports and Filings&#8221; section of our investor relations website at televisair.com.</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,'sans-serif'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">13</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">About Televisa</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic;">Grupo Televisa S.A.B. (&#8220;Televisa&#8221;) is a major telecommunications corporation which owns and operates one of the most significant cable companies as
        well as a leading direct-to-home satellite pay television system in Mexico. Televisa&#8217;s cable business offers integrated services, including video, high-speed data and voice 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 holds a
        number of concessions by the Mexican government that authorizes it to broadcast programming over television stations for the signals of TelevisaUnivision, Inc. (&#8220;TelevisaUnivision&#8221;), and Televisa&#8217;s cable and DTH systems. In addition, Televisa is
        the largest shareholder of TelevisaUnivision, a leading media company producing, creating, and distributing Spanish-speaking content through several broadcast channels in Mexico, the US and over 60 countries through television networks, cable
        operators and over-the-top or &#8220;OTT&#8221; services. Televisa also has interests in magazine publishing and distribution, professional sports and live entertainment, and gaming.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt; font-weight: bold;">Disclaimer</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic;">This press release contains forward-looking statements regarding the Company&#8217;s results and prospects. Actual results could differ materially from
        these statements. The forward-looking statements in this press release should be read in conjunction with the factors described in &#8220;Item 3. Key Information &#8211; Forward-Looking Statements&#8221; in the Company&#8217;s Annual Report on Form 20-F, which, among
        others, could cause actual results to differ materially from those contained in forward-looking statements made in this press release and in oral statements made by authorized officers of the Company. Readers are cautioned not to place undue
        reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial, sans-serif; font-size: 9pt; font-style: italic;">(Please see attached tables for financial information and ratings data)</div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 11pt; font-style: italic;">###</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 13pt; font-weight: bold;">Contact Information</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">Investor Relations</div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 11pt;"><u>www.televisair.com.mx</u></div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 11pt;">Tel: (52 55) 5261 2445</div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 11pt;">Rodrigo Villanueva, VP, Head of Investor Relations <u>rvillanuevab@televisa.com.mx</u></div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 11pt;">Andr&#233;s Audiffred, Investor Relations Director <u>aaudiffreda@televisa.com.mx</u></div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 11pt; font-weight: bold;">Media Relations</div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 11pt;">Rub&#233;n Acosta / Tel: (52 55) 5224 6420 / <u>racostamo@televisa.com.mx</u></div>
      <div style="text-align: center; font-family: Arial, sans-serif; font-size: 11pt;">Teresa Villa / Tel: (52 55) 4438 1205 / <u>atvillas@televisa.com.mx</u></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: Arial,'sans-serif'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">14</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; text-indent: 36pt; font-family: Tahoma, sans-serif; font-size: 8pt; font-weight: bold;">GRUPO TELEVISA, S.A.B.</div>
      <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION</div>
      <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt; font-weight: bold;">AS OF DECEMBER 31, 2021 AND 2020</div>
      <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt; font-weight: bold;">&#160;(Millions of Mexican Pesos)</div>
      <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt; font-weight: bold;"> <br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;" id="zc7917a276b024ff888bef4d87288611c" class="cfttable">

          <tr>
            <td valign="bottom" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">
              <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt;">December 31,</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">
              <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt;">December 31,</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">
              <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt;"> 2021</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">
              <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt;">2020</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; padding-bottom: 1px;">
              <div style="text-indent: 76.55pt; font-family: Tahoma, sans-serif; font-size: 8pt; font-weight: bold;">ASSETS</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt;">(Unaudited)</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt;">(Audited)</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top;">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Current assets:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Cash and cash equivalents</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">25,593.3</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">29,058.1</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Temporary investments</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">196.6</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">-</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Trade notes and accounts receivable, net</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">13,312.9</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">12,343.8</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Other accounts and notes receivable, net</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"></font>17,746.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">874.9</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">787.0</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Transmission rights and programming</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">7,591.7</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"></font>6,396.2</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Inventories</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">2,212.9</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">1,641.3</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Contract costs</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">1,782.7</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">1,598.4</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 1px;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Other current assets</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">3,647.5</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">4,580.8</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 1px;">
              <div style="text-indent: 49.9pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Total current assets</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">72,958.7</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">69,061.1</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Non-current assets:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Trade notes and accounts receivable, net of current portion</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">385.1</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">-</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Derivative financial instruments</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">133.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">-</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Transmission rights and programming</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">12,421.1</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">7,982.8</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Investments in financial instruments</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">6,076.1</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">7,002.7</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Investments in associates and joint ventures</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">26,704.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">22,813.5</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Property, plant and equipment, net</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">87,922.1</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">83,281.6</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Right-of-use assets, net</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">7,604.5</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">7,212.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Intangible assets, net</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">42,255.9</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">42,724.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Deferred income tax assets</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">219,941.8</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#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: Tahoma, sans-serif; font-size: 8pt;">Total assets</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">292,900.5</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">271,246.3</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftfncell">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: Arial,'sans-serif'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">15</font></div>
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      <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt; font-weight: bold;">GRUPO TELEVISA, S.A.B.</div>
      <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION</div>
      <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt; font-weight: bold;">AS OF DECEMBER 31, 2021 AND 2020</div>
      <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt; font-weight: bold;">(Millions of Mexican Pesos)</div>
      <div><br>
      </div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
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            <td valign="bottom" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
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              <div style="text-indent: 76.55pt; font-family: Tahoma, sans-serif; font-size: 8pt; font-weight: bold;">LIABILITIES</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt;">(Unaudited)</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="2">
              <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt;">(Audited)</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
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            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Current portion of long-term debt</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">4,106.4</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">617.0</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Interest payable</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">2,032.0</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">1,934.7</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Current portion of lease liabilities</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">1,478.4</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">1,277.7</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Derivative financial instruments</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">149.1</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">2,017.0</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Trade accounts payable and accrued expenses</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">22,588.5</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">21,943.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Customer deposits and advances</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">9,032.3</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">5,935.9</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Income taxes payable</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">7,744.6</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">2,013.5</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Other taxes payable</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">4,417.0</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">4,463.3</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Employee benefits</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">2,322.0</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">1,262.6</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Due to related parties</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">82.1</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">83.0</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 1px;">
              <div style="text-indent: 28.35pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Other current liabilities</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">2,546.2</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">2,161.6</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 1px;">
              <div style="text-indent: 49.65pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Total current liabilities</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">56,498.6</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">43,709.5</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.35pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Long-term debt, net of current portion</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">121,685.7</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">121,936.0</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.35pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Lease liabilities, net of current portion</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">8,202.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">8,014.6</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.35pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Derivative financial instruments</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">23.8</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">1,459.3</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Income taxes payable</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">104.8</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">767.1</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Deferred income tax liabilities</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">2,249.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">1,786.3</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Post-employment benefits</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">1,941.8</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">2,080.7</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 1px;">
              <div style="text-indent: 28.6pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Other long-term liabilities</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">6,407.7</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">3,553.7</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 1px;">
              <div style="text-indent: 49.65pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Total non-current liabilities</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">140,615.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">139,597.7</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 1px;">
              <div style="text-indent: 49.65pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Total liabilities</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">197,113.8</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">183,307.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 92.15pt; font-family: Tahoma, sans-serif; font-size: 8pt; font-weight: bold;">EQUITY</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 76%;">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">4,836.7</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">15,889.8</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">15,889.8</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 1px;">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">20,726.5</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">20,797.6</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.35pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Legal reserve</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">2,139.0</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">2,139.0</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 28.35pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Unappropriated earnings</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">80,023.4</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">83,391.7</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 1px;">
              <div style="text-indent: 28.35pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Net income (loss) for the period</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">5,386.5</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(1,250.3</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">87,548.9</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">84,280.4</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Accumulated other comprehensive loss, net</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(13,582.8</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(15,556.8</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 1px;">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Shares repurchased</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(14,205.1</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(16,079.1</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 1px;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">59,761.0</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">52,644.5</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%;">
              <div style="text-indent: 35.45pt; font-family: Tahoma, sans-serif; font-size: 8pt;">&#160;&#160;&#160;&#160;&#160;&#160;Equity attributable to stockholders of the Company</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">80,487.5</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">73,442.1</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 1px;">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Non-controlling interests</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">15,299.2</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">14,497.0</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 1px;">
              <div style="text-indent: 49.65pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Total equity</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">95,786.7</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">87,939.1</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 4px;">
              <div style="text-indent: 49.65pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Total liabilities and equity</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
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        <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: Arial,'sans-serif'; font-weight: normal; font-style: normal;" id="DSPFPageNumber">16</font></div>
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      <div><br>
      </div>
      <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt; font-weight: bold;">GRUPO TELEVISA, S.A.B.</div>
      <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF INCOME FOR THE</div>
      <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt; font-weight: bold;">THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2021 AND 2020</div>
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      <div><br>
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      <div><br>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
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              <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt;">Twelve months ended</div>
              <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt;">December 31,</div>
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            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
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              <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt;"> 2021</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
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            <td valign="bottom" style="vertical-align: top; padding-bottom: 1px;">&#160;</td>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
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              <div style="text-align: center; font-family: Tahoma, sans-serif; font-size: 8pt;">(Unaudited)</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
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            <td valign="bottom" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">28,811.8</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">27,782.7</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">103,521.8</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">97,361.6</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%;" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell" rowspan="1">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell" rowspan="1">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell" rowspan="1">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell" rowspan="1">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell" rowspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%;">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">15,773.5</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">15,438.9</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">59,561.5</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">56,989.6</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%;" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell" rowspan="1">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell" rowspan="1">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell" rowspan="1">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell" rowspan="1">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%;">
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            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">2,723.3</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">2,797.9</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">10,460.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">10,366.6</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 1px;" colspan="1" class="cftcurrcell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 1px;" colspan="1" class="cftnumcell" rowspan="1">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell" rowspan="1">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell" rowspan="1">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell" rowspan="1">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell" rowspan="1">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell" rowspan="1">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 1px;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0); padding-bottom: 1px;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">3,728.6</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">3,285.7</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">13,710.8</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">12,713.7</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%;">
              <div style="text-indent: 21.55pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Income before other expense</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">6,586.4</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">6,260.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">19,789.3</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">17,291.7</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 1px;">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Other income (expense), net</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">3,239.5</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(423.7</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">2,394.0</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">233.7</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 1px;">
              <div style="text-indent: 21.25pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Operating income</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">9,825.9</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">5,836.5</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">22,183.3</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">17,525.4</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%;">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Finance expense</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(2,597.6</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(4,127.4</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(12,290.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(10,482.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 1px;">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Finance income</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">494.9</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">6,359.3</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">620.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">4,227.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 1px;">
              <div style="text-indent: 21.25pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Finance (expense) income, net</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(2,102.7</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">2,231.9</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(11,670.0</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(6,255.0</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 1px;">
              <div style="font-family: Tahoma,sans-serif; font-size: 8pt;">Share of income (loss) of associates and joint </div>
              <div style="text-indent: 14.15pt; font-family: Tahoma,sans-serif; font-size: 8pt; margin-left: 10pt;">ventures, net</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
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            <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 1px; text-align: right;" colspan="1" class="cftfncell">&#160;</td>
            <td style="vertical-align: bottom; width: 1%; padding-bottom: 1px; text-align: right;" colspan="1" class="cftguttercell">&#160;</td>
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            <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma,sans-serif; font-size: 8pt;">(408.8</div>
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            <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 1px; text-align: right;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma,sans-serif; font-size: 8pt;">)</div>
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            <td style="vertical-align: bottom; width: 1%; padding-bottom: 1px; text-align: right;" colspan="1" class="cftguttercell">&#160;</td>
            <td style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;" colspan="1" class="cftcurrcell">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
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            <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 1px; text-align: right;" colspan="1" class="cftfncell">&#160;</td>
            <td style="vertical-align: bottom; width: 1%; padding-bottom: 1px; text-align: right;" colspan="1" class="cftguttercell">&#160;</td>
            <td style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;" colspan="1" class="cftcurrcell">&#160;</td>
            <td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma,sans-serif; font-size: 8pt;">(5,739.7</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
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          <tr>
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              <div style="text-indent: 21.25pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Income before income taxes</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">9,100.8</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">7,659.6</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">14,072.1</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">5,530.7</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 1px;">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Income taxes</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(5,685.9</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(4,082.1</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(7,493.9</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
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            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(5,227.9</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 4px;">
              <div style="text-indent: 21.25pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Net income</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">3,414.9</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">3,577.5</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">6,578.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
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            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">302.8</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%;">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Net income (loss) attributable to:</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">&#160;</td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%;">
              <div style="text-indent: 14.15pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Stockholders of the Company</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">3,028.7</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">3,312.3</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">5,386.5</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">(1,250.3</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 1px;">
              <div style="text-indent: 14.15pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Non-controlling interests</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">386.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">265.2</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">1,191.7</div>
            </td>
            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftcurrcell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">1,553.1</div>
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            <td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 1px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 4px;">
              <div style="text-indent: 21.25pt; font-family: Tahoma, sans-serif; font-size: 8pt;">Net income</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftcurrcell">
              <div style="font-family: Tahoma, sans-serif; font-size: 8pt;">Ps.</div>
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      SIGNATURE</div>
    <div style="font-family: 'Times New Roman',Times,serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
