<SEC-DOCUMENT>0000895345-26-000306.txt : 20260615
<SEC-HEADER>0000895345-26-000306.hdr.sgml : 20260615
<ACCEPTANCE-DATETIME>20260615062528
ACCESSION NUMBER:		0000895345-26-000306
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20260612
FILED AS OF DATE:		20260615
DATE AS OF CHANGE:		20260615

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRUPO TELEVISA, S.A.B.
		CENTRAL INDEX KEY:			0000912892
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEVISION BROADCASTING STATIONS [4833]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12610
		FILM NUMBER:		261088976

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		AV VASCO DE QUIROGA 2000
		STREET 2:		COLONIA SANTA FE
		CITY:			MEXICO, D.F.
		PROVINCE COUNTRY:   	O5
		BUSINESS PHONE:		525552612000

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		AV VASCO DE QUIROGA 2000
		STREET 2:		COLONIA SANTA FE
		CITY:			MEXICO, D.F.
		PROVINCE COUNTRY:   	O5

	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>ff6410494_6k-grupo.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Fried Frank
         Document created using Broadridge PROfile 26.3.2.5342
         Copyright 1995 - 2026 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: center; margin-top: 4pt; font-size: 18pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; margin-top: 4pt; font-size: 18pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; margin-top: 4pt; font-size: 18pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; margin-top: 4pt; font-size: 18pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; margin-top: 4pt; font-size: 18pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div>
      <div style="text-align: center; margin-bottom: 2pt; font-size: 12pt;">&#160;</div>
      <div style="text-align: center;">
        <hr align="center" noshade="noshade" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
    </div>
    <div style="text-align: center; margin-top: 12pt; margin-bottom: 10pt; font-size: 18pt; font-weight: bold;">FORM 6-K</div>
    <div>
      <div style="text-align: center;">
        <hr align="center" noshade="noshade" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
    </div>
    <div style="text-align: center; margin-top: 12pt; font-size: 12pt; font-weight: bold;">
      <div style="margin-top: 12pt; font-weight: bold;"> <br>
      </div>
      <div style="margin-top: 12pt; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER</div>
      <div style="font-weight: bold;">PURSUANT TO RULE 13a-16 OR 15d-16</div>
      <div style="font-weight: bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">For the month of June, 2026 </div>
    <div style="text-align: center; margin-top: 12pt; margin-bottom: 10pt; font-weight: bold;">Commission File Number: 001-12610</div>
    <div>
      <div style="text-align: center; margin-bottom: 2pt; font-size: 12pt;">&#160;</div>
      <div style="text-align: center;">
        <hr align="center" noshade="noshade" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
    </div>
    <div style="text-align: center; margin-top: 12pt; font-size: 24pt; font-weight: bold;">GRUPO TELEVISA, S.A.B.</div>
    <div style="text-align: center; font-weight: bold;">(Translation of registrant&#8217;s name into English)</div>
    <div>
      <div style="text-align: center; margin-bottom: 2pt; font-size: 12pt;">&#160;</div>
      <div style="text-align: center;">
        <hr align="center" noshade="noshade" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
    </div>
    <div style="text-align: center; margin-top: 12pt; font-weight: bold;">Av. Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico City, Mexico</div>
    <div style="text-align: center; font-weight: bold;">(Address of principal executive offices)</div>
    <div>
      <div style="text-align: center; margin-bottom: 2pt; font-size: 12pt;">&#160;</div>
      <div style="text-align: center;">
        <hr align="center" noshade="noshade" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
    </div>
    <div style="text-align: center; margin-top: 12pt; font-family: 'Times New Roman',Times,serif;">(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)</div>
    <div style="text-align: center; margin-top: 12pt;">Form 20-F &#9746;&#160; Form 40-F &#9744;&#160; </div>
    <div style="text-align: center; margin-top: 12pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="z44e832072ab84af5b46cba4531af65a0">

          <tr>
            <td style="width: 50.00%;">
              <div>&#160;<img src="image00001.jpg"></div>
            </td>
            <td style="width: 50.00%;">
              <div>&#160;
                <div style="font-size: 11pt;">
                  <div style="margin: 0px; font-family: Arial,Helvetica,'sans-serif'; text-align: right;">Investor Relations</div>
                </div>
                <div>
                  <div style="margin: 0px 0px 0px 28.35pt; font-family: Arial,Helvetica,'sans-serif'; font-size: 11pt; font-weight: bold; text-align: right;">PRESS RELEASE</div>
                  <div><br>
                  </div>
                </div>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <div style="text-align: justify;"><font style="font-weight: bold;"> <br>
        </font></div>
      <div><br>
      </div>
      <div style="text-align: center; margin-top: 12pt; margin-bottom: 12pt; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;">Televisa informs about rating action from Moody&#8217;s</div>
      <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;">Mexico City, June 12, 2026 &#8211; </font><font style="font-family: Arial,Helvetica,'sans-serif';">Grupo
          Televisa, S.A.B. (&#8220;Televisa&#8221; or the &#8220;Company&#8221;; NYSE: TV; BMV: TLEVISA CPO) announced today that Moody&#8217;s Ratings downgraded its senior unsecured ratings and senior unsecured shelf ratings to &#8216;Ba2&#8217; from &#8216;Ba1&#8217;. Moody&#8217;s has also assigned a &#8216;Ba2&#8217;
          corporate family rating (CFR) to Televisa. The Rating Outlook changed to Stable.</font>
        <div><br>
        </div>
        <div><br>
        </div>
      </div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div>
        <div style="text-align: justify; margin-bottom: 10pt; font-family: Arial,Helvetica,'sans-serif'; font-style: italic; font-weight: bold;">About Televisa</div>
        <div style="text-align: justify; margin-bottom: 10pt; font-family: Arial,Helvetica,'sans-serif'; font-style: italic;">Grupo Televisa S.A.B. (&#8220;Televisa&#8221;) is a major telecommunications company that owns and operates one of the most significant cable
          network groups as well as a leading direct-to-home satellite pay television system in Mexico. Televisa&#8217;s cable networks offer integrated services, including high-speed data, video, mobile, and voice to residential and commercial customers as well
          as telecommunications managed services to domestic and international enterprises. Televisa also offers pay television and broadband services through its direct-to-home satellite system. 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 networks and satellite system. 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 U.S. and, over 50 countries through television networks, cable operators, and
          over-the-top or OTT services.</div>
        <div style="margin-bottom: 10pt; font-family: Arial,Helvetica,'sans-serif';"><br>
        </div>
        <div style="text-align: justify; margin-bottom: 10pt; font-family: Arial,Helvetica,'sans-serif'; font-style: italic; font-weight: bold;">Disclaimer</div>
        <div style="text-align: justify; margin-bottom: 10pt; font-family: Arial,Helvetica,'sans-serif'; font-style: italic;">This press release contains forward-looking statements regarding the Company&#8217;s results and prospects. Actual results could differ
          materially from these statements. The forward-looking statements in this press release should be read in conjunction with the factors described in &#8220;Item 3. Key Information &#8211; Forward-Looking Statements&#8221; in the Company&#8217;s Annual Report on Form 20-F,
          which, among others, could cause actual results to differ materially from those contained in forward-looking statements made in this press release and in oral statements made by authorized officers of the Company. Readers are cautioned not to
          place undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events
          or otherwise.</div>
        <div style="margin-bottom: 10pt; font-family: Arial,Helvetica,'sans-serif';"><br>
        </div>
        <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
        </div>
      </div>
      <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </div>
      <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </div>
      <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </div>
      <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </div>
      <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </div>
      <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </div>
      <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </div>
      <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </div>
      <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </div>
      <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;">Contact Information</div>
      <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </div>
      <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </div>
      <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;">Investor Relations</div>
      <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">www.televisair.com.mx<br>
      </div>
      <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">Tel: (52 55) 5261 2445</div>
      <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </div>
      <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">Rodrigo Villanueva, VP, Head of Investor Relations / rvillanuevab@televisa.com.mx</div>
      <div style="text-align: center; font-size: 12pt;"><font style="font-size: 10pt; font-family: Arial,Helvetica,'sans-serif';">Andr&#233;s Audiffred, Investor Relations Director / aaudiffreda@televisa.com.mx</font></div>
      <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">Nicol&#225;s Espinoza, Investor Relations Manager/ nespinozam@televisa.com.mx</div>
      <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </div>
      <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;">Media Relations</div>
      <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">Tel: (52 55) 5224 6420</div>
      <div style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </div>
      <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">Rub&#233;n Acosta, Communications General Director / racostamo@televisaunivision.com</div>
      <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">Florencia L&#243;pez de Rodas, Communications and Media Director / &#160;flopezd@televisa.com.mx</div>
      <div><br>
      </div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div> <br>
    </div>
    <div>
      <div style="text-align: center; margin-bottom: 10pt; font-weight: bold;">SIGNATURE</div>
      <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 10pt;">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>
      <div style="margin-top: 12pt; margin-bottom: 10pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zf0964a29b96d48b08c1148afc198bf90" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 22.41%; vertical-align: bottom;">&#160;</td>
            <td style="width: 34.7%; vertical-align: bottom;">&#160;</td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 24.27%;" colspan="3">
              <div>GRUPO TELEVISA, S.A.B.</div>
            </td>
            <td style="width: 18.62%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 22.41%; vertical-align: bottom;">&#160;</td>
            <td style="width: 34.7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 42.89%; vertical-align: bottom;" colspan="4">
              <div>(Registrant)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 22.41%; vertical-align: bottom;">&#160;</td>
            <td style="width: 34.7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 42.89%; vertical-align: bottom;" colspan="4">&#160;</td>
          </tr>
          <tr>
            <td style="width: 22.41%; vertical-align: bottom;">
              <div>Date: June 15, 2026</div>
            </td>
            <td style="width: 34.7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 5.64%; vertical-align: bottom;">
              <div>By:</div>
            </td>
            <td style="width: 0.89%; vertical-align: bottom;">&#160;</td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 36.36%;" colspan="2">
              <div>/s/ Luis Alejandro Bustos Olivares</div>
            </td>
          </tr>
          <tr>
            <td style="width: 22.41%; vertical-align: bottom;">&#160;</td>
            <td style="width: 34.7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 5.64%; vertical-align: bottom;">
              <div>Name:</div>
            </td>
            <td style="width: 0.89%; vertical-align: bottom;">&#160;</td>
            <td style="width: 36.36%; vertical-align: bottom;" colspan="2">
              <div>Luis Alejandro Bustos Olivares</div>
            </td>
          </tr>
          <tr>
            <td style="width: 22.41%; vertical-align: bottom;">&#160;</td>
            <td style="width: 34.7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 5.64%; vertical-align: bottom;">
              <div>Title:</div>
            </td>
            <td style="width: 0.89%; vertical-align: bottom;">&#160;</td>
            <td style="width: 36.36%; vertical-align: bottom;" colspan="2">
              <div>Legal Vice President and General Counsel</div>
            </td>
          </tr>

      </table>
    </div>
    <div> <br>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image00001.jpg
<TEXT>
begin 644 image00001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  8$!08%! 8&!08'!P8("A *"@D)
M"A0.#PP0%Q08&!<4%A8:'24?&ALC'!86("P@(R8G*2HI&1\M,"TH,"4H*2C_
MVP!# 0<'!PH("A,*"A,H&A8:*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H
M*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"C_P  1" !> ',# 2(  A$! Q$!_\0
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MZ,^<KTU2J.$9*275!1116ID%8_BZSN+_ $&X@L_]<2I SCH036Q39$62-D<
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F9KTRBLZ63QIU(SY[V=]E^+-*N;RJ0E#DM=6W?X(****]D\8__]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
