GRUPO TELEVISA, S.A.B. | CIK:0000912892 |

Entity

Company’s
Ownership
Interest (1)

Business Segment (2)

Grupo Telesistema, S.A. de C.V. and subsidiaries

100%

Content and Other Businesses

Televisa, S.A. de C.V. (“Televisa”) (3)

100%

Content

G.Televisa-D, S.A. de C.V. (3)

100%

Content

Multimedia Telecom, S.A. de C.V. (“Multimedia Telecom”) and subsidiary (4)

100%

Content

Innova, S. de R.L. de C.V. (“Innova”) and subsidiaries (collectively, “Sky”) (5)

58.7%

Sky

Corporativo Vasco de Quiroga, S.A. de C.V. (“CVQ”) and subsidiaries (6)

100%

Cable and Sky

Empresas Cablevisión, S.A.B. de C.V. and subsidiaries (collectively, “Empresas Cablevisión”) (7)

51%

Cable

Subsidiaries engaged in the Cablemás business (collectively, “Cablemás”) (8)

100%

Cable

Televisión Internacional, S.A. de C.V. and subsidiaries (collectively, “TVI”) (9)

100%

Cable

Cablestar, S.A. de C.V. and subsidiaries (collectively, “Bestel”) (10)

66.1%

Cable

Arretis, S.A.P.I. de C.V. and subsidiaries (collectively, “Cablecom”) (11)

100%

Cable

Subsidiaries engaged in the Telecable business (collectively, “Telecable”) (12)

100%

Cable

Editorial Televisa, S.A. de C.V. and subsidiaries

100%

Other Businesses

Grupo Distribuidoras Intermex, S.A. de C.V. and subsidiaries

100%

Other Businesses

Sistema Radiópolis, S.A. de C.V. (“Radiópolis”) and subsidiaries (13)

50%

Other Businesses

Televisa Juegos, S.A. de C.V. and subsidiaries

100%

Other Businesses

Villacezán, S.A. de C.V. (“Villacezán”) and subsidiaries (14)

100%

Other Businesses

(1)

Percentage of equity interest directly or indirectly held by the Company.

(2)

See Note 25 for a description of each of the Group’s business segments.

(3)

Televisa and G.Televisa-D, S.A. de C.V. are direct subsidiaries of Grupo Telesistema, S.A. de C.V.

(4)

Multimedia Telecom and its direct subsidiary, Comunicaciones Tieren, S.A. de C.V. (“Tieren”), are wholly-owned subsidiaries of the Company through which it owns shares of the capital stock of UHI and maintains an investment in Warrants that are exercisable for shares of common stock of UHI. As of December 31, 2017 and 2016, Multimedia Telecom and Tieren have investments representing 95.3% and 4.7%, respectively, of the Group’s aggregate investment in shares of common stock and Warrants issued by UHI (see Notes 9, 10 and 19).

(5)

Innova is an indirect majority-owned subsidiary of the Company and a direct majority-owned subsidiary of Innova Holdings, S. de R.L. de C.V. (“Innova Holdings”). Sky is a satellite television provider in Mexico, Central America and the Dominican Republic. Although the Company holds a majority of Innova’s equity and designates a majority of the members of Innova’s Board of Directors, the non-controlling interest has 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 are protective in nature and do not affect decisions about relevant business activities of Innova.

(6)

CVQ is a direct subsidiary of the Company and the parent company of Empresas Cablevisión, Cablemás, TVI, Bestel, Cablecom, Telecable and Innova. In September 2016, Factum Más Telecom, S.A. de C.V., a former direct subsidiary of the Company and the parent company of Innova Holdings and Innova was merged into CVQ. At the consolidated level, this merger had no effect (see Note 3).

(7)

Empresas Cablevisión, S.A.B. de C.V. is a direct majority-owned subsidiary of CVQ. Through April 2015, Empresas Cablevisión, S.A.B. de C.V. was directly owned by Editora Factum, S.A. de C.V., a direct subsidiary of the Company that was merged into CVQ in May 2015. At the consolidated level, the merger had no effect.

(8)

The Cablemás subsidiaries are directly and indirectly owned by CVQ. In January 2015, some Cablemás subsidiaries were directly owned by the Company, and some other subsidiaries were directly owned by TTelecom H, S.A.P.I. de C.V. (“TTelecom”), a former direct subsidiary of the Company, which was merged into CVQ in July 2015. The Cablemás subsidiaries directly owned by the Company were acquired by a direct subsidiary of CVQ in the second half of 2015. In June 2016, three former subsidiaries of Grupo Cable TV, S.A. de C.V. were merged into a Cablemás subsidiary. At the consolidated level, the mergers had no effect.

(9)

Televisión Internacional, S.A. de C.V. is a direct subsidiary of CVQ. Through February 2016, the Company had a 50% ownership interest in TVI, and consolidated this subsidiary because it appointed the majority of the members of the Board of Directors of TVI. In March 2016, the Company acquired the remaining 50% non-controlling interest in TVI (see Note 3).

(10)

Cablestar, S.A. de C.V. is an indirect majority-owned subsidiary of CVQ and Empresas Cablevisión, S.A.B. de C.V.

(11)

Through the third quarter of 2016, Grupo Cable TV, S.A. de C.V. (“Grupo Cable TV”) was an indirect subsidiary of CVQ. In June 2016, three former subsidiaries of Grupo Cable TV were merged into a Cablemás subsidiary. In the fourth quarter of 2016, Grupo Cable TV merged into Arretis, S.A.P.I. de C.V., a direct subsidiary of CVQ. At the consolidated level, the mergers had no effect.

(12)

The Telecable subsidiaries are directly owned by CVQ as a result of the merger of TTelecom into CVQ in July 2015. TTelecom was a wholly-owned subsidiary of the Company through which the Company acquired Telecable in January 2015 (see Note 3).

(13)

Radiópolis is a direct subsidiary of the Company. The Company controls Radiópolis as it has the right to appoint the majority of the members of the Board of Directors of Radiópolis.

(14)

Villacezán is an indirect subsidiary of Grupo Telesistema, S.A. de C.V. Certain subsidiaries of the Company in the Other Businesses segment, owned by TTelecom, were acquired by Villacezán in the third quarter of 2015, following the merger described above of TTelecom into CVQ.