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Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Material Accounting Policies |
Schedule of interests in direct and indirect subsidiaries | At December 31, 2024 and 2023, the main direct and indirect subsidiaries of the Company were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Company’s | ​ | ​
​ | ​ | Ownership | ​ | Business
Subsidiaries |  | Interest (1) | ​ | Segment
​ | ​ | 2024 | ​ | 2023 | ​ | ​
Empresas Cablevisión, S.A.B. de C.V. and subsidiaries (collectively, “Empresas Cablevisión”) (3) |  | 51.5 | % | 51.2 | % | Cable
Subsidiaries engaged in the Cablemás business (collectively, “Cablemás”) (3) |  | 100 | % | 100 | % | Cable
Televisión Internacional, S.A. de C.V. and subsidiaries (collectively, “TVI”) (3) |  | 100 | % | 100 | % | Cable
Cablestar, S.A. de C.V. and subsidiaries (collectively, “Bestel”) (3) |  | 66.4 | % | 66.2 | % | Cable
Arretis, S.A.P.I. de C.V. and subsidiaries (collectively, “Cablecom”) (3) |  | 100 | % | 100 | % | Cable
Subsidiaries engaged in the Telecable business (collectively, “Telecable”) (3) |  | 100 | % | 100 | % | Cable
Corporativo Vasco de Quiroga, S.A. de C.V. (“CVQ”) and subsidiaries (3) |  | 100 | % | 100 | % | Cable and Sky
Innova Holdings, S. de R.L. de C.V. (“Innova Holdings”) and Innova, S. de R.L. de C.V. (“Innova”) and subsidiaries (collectively, “Sky”) (3) (4) |  | 100 | % | 58.7 | % | Sky
Controladora de Juegos y Sorteos de México, S.A. de C.V. and subsidiaries (2) | ​ | — | ​ | 100 | % | ​
Editorial Televisa, S.A. de C.V. and subsidiaries (2) |  | — | ​ | 100 | % | ​
Grupo Distribuidoras Intermex, S.A. de C.V. and subsidiaries (2) |  | — | ​ | 100 | % | ​
Grupo Telesistema, S.A. de C.V. (“Grupo Telesistema”) and subsidiaries (5) |  | — | ​ | 100 | % | ​
​
(1) | Percentage of equity interest directly or indirectly held by the Company as of December 31, 2024 and 2023.
(2) | See Note 26 for a description of each of the Group’s reportable business segments. Most of the operations of the Group’s former Other Businesses segment were discontinued following the spin-off of these businesses by the Company on January 31, 2024, to create a new controlling entity of the spun-off businesses listed in the Mexican Stock Exchange (see Notes 3 and 28).
(3) | CVQ is a direct subsidiary of the Company and the parent company of Empresas Cablevisión, Cablemás, TVI, Bestel, Cablecom, Telecable, and Sky. Cablestar, S.A. de C.V. is an indirect majority-owned subsidiary of Empresas Cablevisión. In September 2024, Arretis, S.A.P.I. de C.V. was merged into Televisión Internacional, S.A. de C.V., which became the surviving entity resulting from this merger, and the parent company of the Cablecom subsidiaries.
(4) | Innova is an indirect subsidiary of the Company, CVQ and Sky DTH, S.A. de C.V. (“Sky DTH”), and a direct wholly-owned subsidiary of Innova Holdings. Sky is a satellite television provider in Mexico, Central America and the Dominican Republic. Through May 2024, the Company held a 58.7% interest of Innova’s equity and designated a majority of the members of Innova’s Board of Directors, and the non-controlling interests had certain governance and veto rights in Innova, including the right to block certain transactions between the companies in the Group and Sky. These veto rights were protective in nature and did not affect decisions about relevant business activities of Innova. In June 2024, the Company acquired the remaining 41.3% non-controlling interest in the Sky segment held by AT&T, by which the Company became an indirect owner of 100% of the capital stock of Innova Holdings and Innova (see Notes 3 and 19).
(5) | Grupo Telesistema is a direct subsidiary of the Company. As of December 31, 2024 and 2023, Grupo Telesistema and its subsidiaries, together with the Company, owned most of the Group’s corporate assets, including the Group’s aggregate investment in common and preferred shares of TelevisaUnivision (see Notes 3, 10 and 26).
Schedule of expiration dates of the Group's concessions and permits | At December 31, 2024, the expiration dates of the Group’s concessions and permits were as follows: ​
​ | ​ | ​
Segments |  | Expiration Dates
Cable | ​ | Various from 2026 to 2059
Sky | ​ | Various from 2025 to 2056
Corporate assets: | ​ | ​
Broadcasting concessions (1) | ​ | In 2042 and 2052
​
(1) | Broadcasting concessions that remained in the Group after the TelevisaUnivision Transaction closed on January 31, 2022, which include 23 concessions for the use of spectrum that comprise the Group’s 225 TV stations for the signals of TelevisaUnivision, for a term of 20 years, starting in January 2022 and ending in January 2042, and six concessions to provide digital broadcasting television services on such TV stations, for a term of 30 years, starting in January 2022 and ending in January 2052. In 2018, the Group paid an aggregate amount of Ps.5,753,349 in cash for the broadcasting concessions for the use of spectrum and recognized this payment as an intangible asset in its consolidated statement of financial position. This amount is being amortized over a period of 20 years beginning on January 1, 2022, by using the straight-line method (see Notes 3, 13, 20 and 26).
Schedule of property, plant and equipment, estimated useful lives | ​
​ | ​ | ​
​ | ​ | Estimated
​ |  | Useful Lives
Buildings |  | 20-50 years
Networks and technical equipment |  | 3-30 years
Satellite transponders |  | 15 years
Furniture and fixtures |  | 10-15 years
Transportation equipment |  | 4-8 years
Computer equipment |  | 3-6 years
Leasehold improvements |  | 5-30 years
Schedule of useful life of investment property | ​
​ |  |
​ |  | Estimated Useful Lives
Buildings | ​ | 20-65 years
​
Schedule of intangible assets, estimated useful lives | ​
​ | ​ | ​
​ | ​ | Estimated
​ |  | Useful Lives
Trademarks with finite useful lives | ​ | 4 years
Licenses |  | 3-10 years
Subscriber lists |  | 4-5 years
Payments for renewal of concessions |  | 20 years
Other intangible assets |  | 3-20 years
Schedule of costs to obtain contracts with customers | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Cable |  | Sky |  | Total
Contract costs: |  |  |  |  |  |  |  |  |
At January 1, 2024 |  | Ps. | 3,815,535 |  | Ps. | 1,514,651 |  | Ps. | 5,330,186
Additions | ​ | ​ | 1,345,315 | ​ | ​ | 69,284 |  |  | 1,414,599
Amortization | ​ | ​ | (1,258,992) | ​ | ​ | (421,504) |  |  | (1,680,496)
Impairment | ​ | ​ | — | ​ | ​ | (1,093,147) | ​ | ​ | (1,093,147)
Total contract costs at December 31, 2024 | ​ | ​ | 3,901,858 | ​ | ​ | 69,284 |  |  | 3,971,142
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current Contract Costs | ​ | ​ | 1,437,161 | ​ | ​ | 45,861 |  |  | 1,483,022
Total non-current contract costs |  | Ps. | 2,464,697 |  | Ps. | 23,423 |  | Ps. | 2,488,120
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Cable |  | Sky |  | Total
Contract costs: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At January 1, 2023 |  | Ps. | 3,297,436 |  | Ps. | 2,020,790 |  | Ps. | 5,318,226
Additions | ​ | ​ | 1,758,769 | ​ | ​ | 408,555 |  |  | 2,167,324
Amount recognized in income | ​ | ​ | (1,240,670) | ​ | ​ | (914,694) |  |  | (2,155,364)
Total contract costs at December 31, 2023 | ​ | ​ | 3,815,535 | ​ | ​ | 1,514,651 |  |  | 5,330,186
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current Contract Costs | ​ | ​ | 1,295,696 | ​ | ​ | 715,816 |  |  | 2,011,512
Total non-current contract costs |  | Ps. | 2,519,839 |  | Ps. | 798,835 |  | Ps. | 3,318,674
Schedule of new or amended standards issued by IASB | ​
​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Effective for Annual
​ | ​ | ​ | ​ | Reporting
​ | ​ | ​ | ​ | Periods Beginning
New or Amended IFRS Accounting Standard |  | Title of the IFRS Accounting Standard |  | On or After
Amendments to IAS 21 (1) | ​ | Lack of Exchangeability | ​ | January 1, 2025
Annual Improvements (1) | ​ | Annual Improvements to IFRS Accounting Standards – Volume 11 | ​ | January 1, 2026
Amendments to IFRS 9 and IFRS 7 (1) | ​ | Amendments to the classification and Measurement of Financial Instruments | ​ | January 1, 2026
IFRS 18 | ​ | Presentation and Disclosure in Financial Statements | ​ | January 1, 2027
IFRS 19 (1) | ​ | Subsidiaries without Public Accountability: Disclosures | ​ | January 1, 2027 (2)
Amendments to IFRS 10 and IAS 28 | ​ | Sale or Contribution of Assets between an Investor and its Associate or Joint Venture | ​ | Postponed
Amendments to IFRS 9 and IFRS 7 (1) | ​ | Contracts Referencing Nature-dependent Electricity | ​ | January 1, 2026
​
(1) | This new or amended IFRS Accounting Standard is not expected to have a significant impact on the Group’s consolidated financial statements.
(2) | An entity may elect to apply this IFRS Accounting Standard for reporting periods beginning on or after this date.
​
Amended IFRS Accounting Standard or Guidance |  | Subject of Amendments
IFRS 1 First-time Adoption of International Financial Reporting Standards | ​ | Hedge accounting by a first-time adopter
IFRS 7 Financial Instruments: Disclosures | ​ | Gain or loss on derecognition
Guidance on implementing IFRS 7 Financial Instruments: Disclosures | ​ | Introduction - Disclosure of deferred difference between fair value and transaction price - Credit risk disclosures
IFRS 9 Financial Instruments | ​ | Derecognition of lease liabilities - Transaction price
IFRS 10 Consolidated Financial Statements | ​ | Determination of a ‘de facto agent’
IAS 7 Statement of Cash Flows | ​ | Cost method

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