XML 144 R50.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Capital Stock and Long-term Retention Plan (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Capital Stock and Long-term Retention Plan |
Schedule of shares of capital stock and CPOs | At December 31, 2023, shares of capital stock and CPOs consisted of (in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Repurchased | ​ | Held by a |  | ​
​ | ​ | Authorized and | ​ | by the | ​ | Company’s | ​ | ​
​ |  | Issued (1) |  | Company (2) |  | Trust (3) |  | Outstanding
Series “A” Shares |  | 119,301.6 |  | (687.5) | ​ | (5,172.4) |  | 113,441.7
Series “B” Shares |  | 55,487.3 |  | (605.0) | ​ | (4,536.9) |  | 50,345.4
Series “D” Shares |  | 84,525.2 |  | (962.5) | ​ | (3,468.0) |  | 80,094.7
Series “L” Shares |  | 84,525.2 |  | (962.5) | ​ | (3,468.0) |  | 80,094.7
Total |  | 343,839.3 |  | (3,217.5) | ​ | (16,645.3) |  | 323,976.5
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Shares in the form of CPOs |  | 282,555.0 |  | (3,217.5) | ​ | (11,593.0) |  | 267,744.5
Shares not in the form of CPOs |  | 61,284.3 |  | — | ​ | (5,052.3) |  | 56,232.0
Total |  | 343,839.3 |  | (3,217.5) | ​ | (16,645.3) |  | 323,976.5
CPOs | ​ | 2,415.0 | ​ | (27.5) | ​ | (99.1) | ​ | 2,288.4
​
(1) | As of December 31, 2023, the authorized and issued capital stock amounted to Ps.4,722,776 (nominal Ps.2,366,461).
(2) | In connection with a share repurchase program that was approved by the Company’s stockholders and is exercised at the discretion of management. During the year ended December 31, 2023, the Company repurchased 8,154.9 million shares, in the form of 69.7 million CPOs, in the amount of Ps.1,197,082, in connection with a share repurchase program that was approved by the Company’s stockholders. In April 2023, the Company´s stockholders approved the cancellation in May 2023 of 8,294.7 million shares of the Company’s capital stock in the form of 70.9 million CPOs, which were repurchased by the Company in 2022 and 2023.
(3) | Primarily, in connection with the Company’s LTRP described below.
Schedule of reconciliation of the number of shares and CPOs outstanding | A reconciliation of the number of shares and CPOs outstanding for the years ended December 31, 2023 and 2022, is presented as follows (in millions): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Series “A” | ​ | Series “B” | ​ | Series “D” | ​ | Series “L” | ​ | Shares | ​ | CPOs
​ |  | Shares |  | Shares |  | Shares |  | Shares |  | Outstanding |  | Outstanding
As of January 1, 2022 |  | 114,085.0 |  | 51,463.5 |  | 81,873.7 |  | 81,873.7 |  | 329,295.9 |  | 2,339.2
Acquired (1) | ​ | (717.4) | ​ | (631.3) | ​ | (1,004.3) | ​ | (1,004.3) | ​ | (3,357.3) | ​ | (28.7)
Forfeited (2) |  | (155.5) |  | (136.9) |  | (217.8) |  | (217.8) |  | (728.0) |  | (6.2)
Acquired (2) | ​ | (598.0) | ​ | (526.3) | ​ | (837.3) | ​ | (837.3) | ​ | (2,798.9) | ​ | (23.9)
Released (2) |  | 2,136.1 |  | 1,480.7 |  | 2,355.6 |  | 2,355.6 |  | 8,328.0 |  | 67.3
As of December 31, 2022 |  | 114,750.2 |  | 51,649.7 |  | 82,169.9 |  | 82,169.9 |  | 330,739.7 |  | 2,347.7
Acquired (1) | ​ | (1,742.5) | ​ | (1,533.4) | ​ | (2,439.5) | ​ | (2,439.5) | ​ | (8,154.9) | ​ | (69.7)
Forfeited (2) |  | (139.4) |  | (122.7) |  | (195.2) |  | (195.2) |  | (652.5) |  | (5.6)
Acquired (2) | ​ | (316.9) | ​ | (278.9) | ​ | (443.6) | ​ | (443.6) | ​ | (1,483.0) | ​ | (12.7)
Released (2) |  | 890.3 |  | 630.7 |  | 1,003.1 |  | 1,003.1 |  | 3,527.2 |  | 28.7
As of December 31, 2023 |  | 113,441.7 |  | 50,345.4 |  | 80,094.7 |  | 80,094.7 |  | 323,976.5 |  | 2,288.4
​
(1) | Repurchased or cancelled by the Company in connection with a share repurchase program.
(2) | Acquired, released, cancelled or forfeited by a Company’s trust in connection with the Company’s Long-Term Retention Plan described below.
Schedule of arrangements and weighted-average assumptions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Long-Term Retention Plan |
Arrangements: |  |  |  |  |  |  |  |  |  | ​ | ​
Year of grant | ​ | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 | ​
Number of CPOs or CPOs equivalent granted | ​ | 72,558 |  | 39,200 |  | 38,800 |  | 27,500 | ​ | 11,600 | ​
Contractual life | ​ | 2.67 years | ​ | 3.00 years |  | 3.00 years | ​ | 3.00 years | ​ | 3.00 years | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assumptions: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dividend yield | ​ | 0.82 | % | 1.38 | % | 0.94 | % | 0.92 | % | 2.5 | %
Expected volatility (1) | ​ | 30.47 | % | 35.13 | % | 43.74 | % | 45.75 | % | 45.51 | %
Risk-free interest rate | ​ | 6.88 | % | 5.74 | % | 5.51 | % | 9.17 | % | 9.05 | %
Expected average life of awards | ​ | 2.67 years | ​ | 3.00 years | ​ | 3.00 years | ​ | 3.00 years | ​ | 3.00 years | ​
​
(1) | Volatility was determined by reference to historically observed prices of the Company’s CPOs.
Summary of the stock awards for employees | A summary of the stock conditionally sold to employees under the LTRP as of December 31, 2023 and 2022, is presented below (in Mexican pesos and thousands of CPOs): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | 2022
​ | ​ | CPOs or CPOs | ​ | Weighted-Average | ​ | CPOs or CPOs | ​ | Weighted-Average
​ |  | Equivalent |  | Exercise Price |  | Equivalent |  | Exercise Price
Long-Term Retention Plan: | ​ |  | ​ |  | ​ |  | ​ |
Outstanding at beginning of year |  | 170,731 |  | 30.68 |  | 176,858 |  | 31.22
Conditionally sold |  | 11,600 |  | 9.38 |  | 27,500 |  | 10.00
Paid by employees |  | (1,795) |  | 1.60 |  | (15,047) |  | 30.10
Forfeited |  | (3,638) |  | 70.14 |  | (18,580) |  | 70.14
Outstanding at end of year |  | 176,898 |  | 23.72 |  | 170,731 |  | 30.68
To be paid by employees at end of year |  | 107,822 |  | 33.05 |  | 83,985 |  | 44.79

X
- Definition The disclosure of classes of share capital. [Refer: Share capital [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 79 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_79_a&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2023-01-01 -Paragraph 47 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_47_b&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedOtherEquityInstrumentsGrantedDuringPeriodExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of issued capital. [Refer: Issued capital] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfIssuedCapitalExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 2 -IssueDate 2023-01-01 -Paragraph 45 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_45&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | tv_DisclosureOfCapitalStockAndLongTermRetentionPlanAbstract
Namespace Prefix: | tv_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration