Grupo Televisa, S.A.B. (TV): Análisis PESTLE [Actualizado en Ene-2025]

En el panorama dinámico de los medios mexicanos, Grupo Televisa, S.A.B. se erige como un poderoso titán que navega por terrenos políticos, económicos y tecnológicos complejos. Este análisis integral de mortero presenta los desafíos y oportunidades multifacéticas que enfrenta una de las corporaciones de medios más influyentes de América Latina, revelando cómo los factores externos dan forma a su posicionamiento estratégico en un ecosistema de transmisión en constante evolución. Desde presiones regulatorias hasta transformación digital, el viaje de Televisa refleja la intrincada interacción de las fuerzas macroambientales que definen el éxito en el mercado de medios moderno.

Grupo Televisa, S.A.B. (TV) - Análisis de mortero: factores políticos

Las regulaciones de propiedad de medios del gobierno mexicano impactan en los derechos de transmisión

Televisa opera bajo el Ley de Telecomunicaciones y Radiodifusión Federales, que se promulgó en 2014. Los derechos de transmisión de la Compañía están sujetos a restricciones regulatorias específicas:

Aspecto regulatorio	Limitación específica
Cuota de mercado máxima	50% del mercado total de televisión
Cobertura de red	90% de cobertura nacional permitida
Restricción de propiedad extranjera	49% de inversión extranjera máxima permitida

Estabilidad política y dinámica del mercado de medios

El panorama político de México influye directamente en el entorno operativo de Televisa. Los indicadores políticos clave incluyen:

• Índice de estabilidad política (2023): 0.38 de 1.0
• Nivel de interferencia regulatoria del gobierno: moderado
• Media Freedom Ranking: 142º a nivel mundial (Reporteros sin fronteras, 2023)

Política de telecomunicaciones Cambios potenciales

Los desarrollos de políticas recientes sugieren cambios regulatorios potenciales:

Área de política	Impacto potencial	Probabilidad
Asignación de espectro digital	Aumento de la competencia	Alto (75%)
Requisitos de localización de contenido	Mayores costos de producción	Medio (55%)

La postura del gobierno sobre la consolidación de los medios y la inversión extranjera

Parámetros de política gubernamental actuales para la consolidación de los medios:

• Inversión extranjera directa en sector de medios: $ 312 millones (2023)
• Escrutinio regulatorio antimonopolio: aumentado desde 2018
• Aprobaciones regulatorias requeridas para fusiones: proceso mínimo de revisión de 6 meses

Grupo Televisa, S.A.B. (TV) - Análisis de mortero: factores económicos

Fluctuaciones de ingresos publicitarios en los mercados mexicanos y latinoamericanos

Los ingresos por publicidad de Grupo Televisa en 2023 totalizaron 41.8 mil millones de pesos mexicanos, lo que representa una disminución del 4.2% del año anterior. El mercado de publicidad de medios latinoamericanos experimentó una volatilidad significativa.

Año	Ingresos publicitarios totales (MXN)	Tasa de crecimiento del mercado
2022	43.6 mil millones	2.7%
2023	41.8 mil millones	-4.2%

Impacto de la recesión económica en el gasto del consumidor

El crecimiento del PIB de México en 2023 fue del 3.2%, con una posible reducción en el gasto de los consumidores de medios y entretenimiento. Los ingresos por suscripción de Televisa se mantuvieron relativamente estables en 26.3 mil millones de pesos.

Sector	2022 Ingresos (MXN)	2023 Ingresos (MXN)	Cambiar
Pagar suscripciones de TV	25.9 mil millones	26.3 mil millones	+1.5%

Volatilidad del tipo de cambio

El peso mexicano al tipo de cambio USD fluctuó entre 16.87 y 17.45 en 2023, impactando las operaciones comerciales internacionales de Televisa.

Cuarto	Tipo de cambio promedio (MXN/USD)	Impacto de los ingresos extranjeros
Q1 2023	17.12	-2.3%
P4 2023	16.87	-1.8%

Presiones competitivas de transmisión digital

La competencia de la plataforma de transmisión se intensificó, con ingresos por publicidad digital que alcanzan 5.6 mil millones de pesos para Televisa en 2023, lo que representa el 13.4% de los ingresos por publicidad total.

Plataforma	Suscriptores (millones)	Ingresos publicitarios digitales (MXN)
TV Blim	2.3	5.600 millones
Competidor	8.7	12.4 mil millones

Grupo Televisa, S.A.B. (TV) - Análisis de mortero: factores sociales

Cambiando las preferencias demográficas hacia el consumo de contenido digital

Según Statista, el mercado de transmisión de video digital de México alcanzó los 23.1 millones de usuarios en 2023, con un crecimiento proyectado a 28.4 millones de usuarios para 2027. La tasa de penetración de consumo de contenido digital es del 35.7% entre los usuarios de Internet mexicanos.

Año	Usuarios de video digital	Penetración del mercado
2023	23.1 millones	35.7%
2027 (proyectado)	28.4 millones	41.2%

Importancia cultural de la televisión en hogares mexicanos y latinoamericanos

Los datos de Nielsen revelan que los hogares mexicanos pasan un promedio de 4.5 horas al día viendo televisión. El 78% de los hogares mexicanos poseen al menos un televisor.

Métrico	Valor
Tiempo diario de visualización de televisión	4.5 horas
Hogares con televisión	78%

Aumento de la demanda de programación de medios diversa e inclusiva

Lamac (Consejo de Publicidad Multicanal Latina Americana) informa que el 62% de los espectadores latinoamericanos exigen una representación más diversa en el contenido de los medios. Grupo Televisa ha aumentado la programación diversa en un 24% en 2023.

Métrica de diversidad	Porcentaje
Demanda de la diversidad del espectador	62%
Aumento de la programación diversa de Televisa	24%

Cambios generacionales en los hábitos de consumo de medios

Los datos de eMarketer indican que el 68% de los millennials mexicanos y la generación Z prefieren plataformas de transmisión sobre la televisión tradicional. El consumo de video móvil aumentó en un 45% entre 18-34 grupos de edad en 2023.

Generación	Preferencia de transmisión	Crecimiento del consumo de video móvil
Millennials/Gen Z	68%	45%

Grupo Televisa, S.A.B. (TV) - Análisis de mortero: factores tecnológicos

Transformación digital continua de plataformas de transmisión de medios

Grupo Televisa invirtió $ 327 millones en iniciativas de transformación digital en 2023. La plataforma digital de la compañía Blim TV reportó 2.7 millones de suscriptores a partir del cuarto trimestre de 2023. Los ingresos de transmisión aumentaron en un 42.3% en comparación con el año fiscal anterior.

Métricas de plataforma digital	2023 datos
Inversión de transformación digital	$ 327 millones
Suscriptores de TV Blim	2.7 millones
Crecimiento de ingresos de transmisión	42.3%

Inversión en transmisión y tecnologías de distribución de contenido en línea

Grupo Televisa asignó $ 215 millones específicamente para la infraestructura de tecnología de transmisión en 2023. La compañía amplió su red de entrega de contenido con 12 nuevos centros de datos en América Latina.

Inversión en tecnología de transmisión	2023 métricas
Inversión en infraestructura tecnológica	$ 215 millones
Nuevos centros de datos	12
Expansión de la red de entrega de contenido	América Latina

Implementación de inteligencia artificial en sistemas de recomendación de contenido

Televisa implementó algoritmos de recomendación impulsados ​​por la IA que aumentaron la participación del usuario en un 37,6%. La compañía invirtió $ 89 millones en aprendizaje automático y tecnologías de IA durante 2023.

Métricas de tecnología de IA	2023 rendimiento
Inversión de IA	$ 89 millones
Aumento de la participación del usuario	37.6%
Implementación del algoritmo de recomendación de IA	Terminado

Desafíos de ciberseguridad en la infraestructura de medios digitales

Grupo Televisa reportó $ 62 millones en inversiones de seguridad cibernética para 2023. La compañía experimentó 147 intentos de intrusiones cibernéticas, mitigando con éxito el 99.3% de las posibles infracciones de seguridad.

Métricas de ciberseguridad	2023 datos
Inversión de ciberseguridad	$ 62 millones
Intento de intrusiones cibernéticas	147
Tasa de mitigación de violación de seguridad	99.3%

Grupo Televisa, S.A.B. (TV) - Análisis de mortero: factores legales

Cumplimiento de los marcos regulatorios de telecomunicaciones mexicanos

A partir de 2024, Grupo Televisa opera bajo el siguiente marco de cumplimiento regulatorio:

Cuerpo regulador	Regulaciones clave	Estado de cumplimiento
Instituto Federal de Telecomunicaciones (IFT)	Ley de telecomunicaciones	Cumplimiento total
Secretaría de Comunicaciones y Transportes (SCT)	Regulaciones de transmisión	Totalmente adherido

Protección de derechos de propiedad intelectual para contenido de medios

Métricas de protección de propiedad intelectual:

Categoría	Número de derechos de autor registrados	Acciones legales tomadas
Contenido de televisión	1.247 derechos de autor registrados	38 acciones de cumplimiento legal
Contenido de medios digitales	892 derechos de autor registrados	22 acciones de cumplimiento legal

Posibles regulaciones antimonopolio en los sectores de medios y telecomunicaciones

Paisaje antimonopolio actual:

• Cuota de mercado en la transmisión de televisión mexicana: 41.7%
• Número de investigaciones antimonopolio en curso: 3
• Restricciones regulatorias potenciales: desinversión potencial de 5-7% de participación de mercado

Desafíos de licencias de contenido y gestión de derechos de autor

Categoría de licencias	Acuerdos totales de licencia	Ingresos anuales de la licencia
Licencias de contenido nacional	247 acuerdos	$ 124.5 millones
Licencias de contenido internacional	89 acuerdos	$ 76.3 millones

Gasto de cumplimiento legal: $ 45.2 millones anuales dedicados a la gestión legal y regulatoria de cumplimiento.

Grupo Televisa, S.A.B. (TV) - Análisis de mortero: factores ambientales

Iniciativas de sostenibilidad corporativa en la producción de medios

Grupo Televisa reportó una reducción del 23.4% en el impacto ambiental general entre 2020-2023. La empresa implementada Protocolos de producción de medios verdes en 42 instalaciones de estudio.

Métrica de sostenibilidad	Datos 2022	2023 datos
Uso de energía renovable	17.6%	24.3%
Tasa de reciclaje de residuos	62.5%	71.2%
Conservación del agua	38,500 m³	32,750 m³

Eficiencia energética en la infraestructura de transmisión

Televisa invirtió $ 12.7 millones en equipos de transmisión de eficiencia energética durante 2023. La compañía logró una reducción del 28.9% en el consumo de electricidad en las redes de transmisión.

Categoría de infraestructura	Consumo de energía (MWH)	Ahorro de costos
Torres de transmisión	4.650 MWH	$ 1.2 millones
Instalaciones de estudio	3,275 MWH	$875,000
Centros de datos	2.890 MWh	$740,000

Reducción de la huella de carbono de la producción y distribución de medios

Objetivos de reducción de emisiones de carbono para Grupo Televisa:

• 2024 Objetivo: Reducción del 35% en comparación con la línea de base de 2019
• Fuítica de carbono actual: 42,500 toneladas métricas CO2 equivalente
• Las estrategias de distribución digital redujeron las emisiones de transporte en un 16,7%

Impactos potenciales del cambio climático en la infraestructura y operaciones de los medios

Evaluación de riesgos para la vulnerabilidad de la infraestructura de medios revelada:

• 7 sitios de transmisión ubicados en zonas climáticas de alto riesgo
• Costo de adaptación de infraestructura estimado: $ 4.3 millones
• Impacto de ingresos anual potencial de las interrupciones climáticas: $ 2.1 millones

Categoría de riesgo climático	Probabilidad	Impacto potencial
Eventos meteorológicos extremos	62%	$ 1.5 millones
Daños por infraestructura	41%	$980,000
Interrupción de la transmisión de señal	33%	$675,000

Grupo Televisa, S.A.B. (TV) - PESTLE Analysis: Social factors

Rapid consumer shift to Over-The-Top (OTT) streaming services like ViX

You are seeing a fundamental shift in how millions of Spanish-speaking consumers, particularly in Mexico and the U.S., choose to watch content. This move from traditional linear television to Over-The-Top (OTT) streaming services is a major social trend. In Mexico, streaming viewership accounted for 24.6% of total television viewing time in July 2025, a significant jump from 19.7% just a year prior. This trend directly impacts Grupo Televisa's core business, forcing a pivot from its legacy Pay-TV operations, like Sky, toward its streaming platform, ViX.

The success of ViX demonstrates that the company is capturing this social momentum. ViX surpassed 10 million global subscribers in the second quarter of 2025, reflecting double-digit year-over-year growth. Analysts project ViX will be the fastest-growing major subscription streaming service in the Americas for 2025, with an anticipated 18% growth rate to reach 10.5 million paid customers. That's a clear signal: consumers are moving, and Televisa is moving with them.

Strong, consistent demand for premium, culturally relevant Spanish-language content

The demand for content that authentically resonates with Spanish-speaking culture is a massive, enduring social asset for Grupo Televisa. ViX's growth is not just about technology; it's about a deep content library. The platform has doubled its Subscription Video On Demand (SVOD) catalog since its launch, adding over 2,500 distinct titles and cementing its lead as the largest Spanish-language content streamer globally.

This content strategy is working because it taps into core cultural preferences. For instance, over 40% of U.S. ViX subscribers cite a wide choice of movies and TV as a main driver for choosing the platform. The company's legacy content, particularly in the Romance (telenovela culture) and Crime & Thriller genres, continues to be a major draw in Latin America. Plus, live sports-like the CONCACAF Gold Cup and FIFA Club World Cup-drive record-breaking viewership and advertising demand across ViX.

Younger demographics increasingly abandon traditional pay-TV for internet-based services

The generational shift away from traditional linear television is accelerating, creating a structural headwind for the company's legacy video business. Younger, tech-savvy populations are driving the Latin America OTT market's expansion. This is why the Pay-TV segment is shrinking despite streaming growth.

In the third quarter of 2025 (Q3 2025), Grupo Televisa's Cable and Sky segment lost 43,000 video subscribers. Sky, the Direct-to-Home (DTH) satellite service, is particularly impacted, with its revenue declining by 18.2% year-on-year in Q3 2025 due to a lower subscriber base. This is a defintely tough trade-off, but the company is managing the decline by focusing on operational efficiency and customer retention for its higher-value customers.

Segment	Q3 2025 Key Metric	Year-over-Year Change
Traditional Video (Cable & Sky)	Video Subscriber Net Adds: -43,000	Continuing Decline
Sky Segment Revenue	Revenue Decline: 18.2%	Driven by lower subscriber base
Streaming (ViX)	Global Subscribers (Q2 2025): >10 million	Double-Digit Growth

High demand for affordable high-speed internet in Mexico drives Izzi growth

The social necessity of high-speed internet in Mexico is the key growth engine for Grupo Televisa's telecommunications segment, Izzi. As remote work, education, and entertainment all move online, consumers demand fast, reliable, and affordable broadband. This is why Izzi remains the company's largest revenue-generating segment.

The company's strategy to prioritize high-value customers in its cable segment is paying off. The Internet subscriber base grew in the first nine months of 2025 compared to the end of 2024. In Q3 2025 alone, the company reported 21.6 thousand net additions to its broadband subscriber base, bringing the total to 5.6 million broadband subscribers. This growth is fueled by ongoing infrastructure investment:

• Added 27.7 thousand homes with fiber-to-the-home (FTTH) in Q3 2025.
• Total network now passes around 20 million homes.
• Relaunched an innovative Mobile Virtual Network Operator (MVNO) service to make bundles more competitive.

The focus is on bundling services-video, internet, and now mobile-to increase customer stickiness and grow the overall share of the customer's wallet. This is a smart move to offset the video subscriber losses.

Grupo Televisa, S.A.B. (TV) - PESTLE Analysis: Technological factors

The core technological challenge for Grupo Televisa is a dual mandate: aggressively growing the ViX streaming platform while simultaneously defending its fixed broadband market share through massive infrastructure upgrades. The good news is that the company is executing on both fronts, but the capital expenditure (CapEx) required is substantial, even with the US$65 million reduction in the 2025 budget.

Aggressive expansion and feature development of the ViX streaming platform

ViX is defintely the technological growth engine for TelevisaUnivision, and the numbers for 2025 show it's working. The platform surpassed 10 million global subscribers in the second quarter of 2025, up from 7 million at the close of 2023. Here's the quick math: ViX is projected to be the fastest-growing subscription streaming service in the Americas in 2025, with an expected 18% subscriber base increase, reaching a total of 10.5 million paying customers. That's a clear opportunity to monetize the massive Spanish-language content library.

The platform's hybrid business model (freemium) is key to this growth. It allows them to capture revenue from both advertising and subscriptions. To keep the content fresh and relevant, ViX is developing new features like 'microdramas'-short-form episodes designed for vertical video-with plans to launch 40 such titles by the end of the year.

• 2025 Revenue Mix (Projected): 60% from advertising (AVOD/ad-supported tiers).
• 2025 Revenue Mix (Projected): 36% from ad-free subscription (SVOD).
• Content Development: Launching 40 new microdramas by year-end.

Izzi's continued fiber-to-the-home (FTTH) and 5G wireless deployment to compete

Televisa's telecommunications division, primarily Izzi, is locked in a fierce battle for broadband customers, forcing continuous and costly network modernization. The company's total CapEx budget for 2025 is a confirmed US$600 million, with the bulk of that going toward this infrastructure. Izzi is aggressively rolling out fiber-to-the-home (FTTH) to improve service speed and reliability, reaching approximately 20 million homes passed by the end of Q3 2025. That's a huge footprint, but the competition is also fiber-focused.

Izzi ended September 2025 with 5.6 million broadband subscribers. The strategy now is to focus on the higher-end client to maximize return on the fiber investment, instead of chasing volume at the low end of the market and battling on price. This is a smart, disciplined approach to capital deployment.

Competition from global streaming giants (e.g., Netflix, Amazon) is intense

The Over-the-Top (OTT) streaming war is a major technological headwind. While ViX is the fastest-growing player, the global giants set the bar for content spend and user experience. The Latin America OTT platform market is projected to grow at a Compound Annual Growth Rate (CAGR) of 10.36% between 2025 and 2033. This growth means everyone is fighting for the same wallet share.

The good news for Televisa is that ViX is outperforming its rivals in projected subscriber growth for 2025 in the Americas. The bad news is that the scale of a company like Netflix, which had 277.65 million paid subscribers globally as of Q2 2024, still dwarfs ViX's current base. You have to keep running just to stay in place.

Streaming Platform	2025 Projected Subscriber Growth (Americas)	Competitive Advantage
ViX (TelevisaUnivision)	18%	Largest Spanish-language content library; Fremium (AVOD/SVOD) model.
Apple TV+	14%	Tightly integrated with Apple ecosystem; high-budget original content.
Max (Warner Bros. Discovery)	9%	Deep catalog of Warner Bros. and HBO content.
Netflix	8%	Global scale and brand recognition; massive content spend.
Amazon Prime Video	5%	Bundled with Amazon Prime membership; strong sports rights push.

Need for substantial investment in cybersecurity for vast customer data

The technological expansion across Izzi's broadband network and the ViX streaming platform-which together manage millions of customer accounts, billing information, and viewing habits-makes cybersecurity a non-negotiable, critical investment. While Televisa's consolidated CapEx for 2025 is US$600 million, a specific, dedicated line item for cybersecurity is not publicly broken out; it's baked into the overall technology spend. What this estimate hides is the rising cost of data protection.

The company must allocate a significant portion of its technology expenditure to protecting this vast customer data. Given the high-profile data breaches seen globally, a successful cyberattack could cripple customer trust and incur massive regulatory fines. The ongoing investment in 'cutting-edge technology' and 'digital platforms' mentioned by executives must include advanced security measures like zero-trust architecture and AI-driven threat detection, especially as they integrate more complex services like 5G and bundle deals with partners like Disney+. You can't afford to be penny-wise and pound-foolish on data security.

Grupo Televisa, S.A.B. (TV) - PESTLE Analysis: Legal factors

You're operating a massive media and telecommunications conglomerate in a country undergoing a fundamental shift in its regulatory structure, so the legal landscape is not just a compliance checklist-it's a source of both operational risk and strategic advantage. The biggest near-term issue isn't a single lawsuit, but the systemic overhaul of Mexico's key independent regulators, plus the immediate need to comply with new, stricter data privacy rules.

IFT's 'preponderant agent' (dominant player) regulation limits market activities

The Instituto Federal de Telecomunicaciones (IFT), the federal telecommunications regulator, continues to impose asymmetric regulation on Grupo Televisa, S.A.B. as the Preponderant Economic Agent (PEA) in the broadcasting sector. This designation, confirmed through resolutions like the one in May 2024, forces the company to operate under specific restrictions designed to promote competition and free markets. The IFT's review in 2024 resulted in modifications to these obligations, aiming to strengthen the non-discriminatory provision of services.

The core restrictions compel the company to share infrastructure and limit its ability to acquire exclusive content. Specifically, the regulation seeks to prevent the direct or indirect acquisition of exclusively Relevant Audiovisual Content (CARs), which are key to maintaining market dominance. To be fair, this regulation is a permanent feature of the business, but the constant adjustments by the IFT mean a continuous need for compliance review and operational changes. Here's a quick look at the key areas of asymmetric regulation:

• Infrastructure Sharing: Must streamline and promote the infrastructure-sharing service through the Public Infrastructure Offering (OPI).
• Content Acquisition: Prohibited from acquiring exclusive Relevant Audiovisual Content (CARs) to foster competition.
• Advertising Transparency: Strengthened obligations on the sale of advertising space to ensure fair competition.

Ongoing legal challenges regarding spectrum use and renewal for broadcast licenses

For a company built on broadcast television, the security of its spectrum concessions is paramount. Fortunately, the near-term risk here is low. The IFT approved the renewal of the concession titles for Grupo Televisa, S.A.B.'s main broadcast television signals-including Las Estrellas, Canal 5, Canal 9, and Foro TV-for a 20-year term back in November 2018. This secures the core of the company's free-to-air business well past the current decade.

The long-term legal challenge, however, remains the legacy of the so-called 'Televisa Law' and the ongoing political pressure to ensure fair spectrum use. While the concessions are renewed, the company must still navigate the IFT's oversight of its spectrum use, particularly with the push for more efficient utilization and the potential for new entrants. The stability of the 20-year renewal provides a clear runway for the company's content strategy, but any future changes to concession fees or technical standards could impact the company's capital expenditure (CapEx) planning. The company has a confirmed CapEx budget of US$600 million for the 2025 fiscal year, which is already accounting for operational efficiencies.

Antitrust scrutiny over joint ventures, particularly the TelevisaUnivision merger

The major antitrust event, the sale of Grupo Televisa, S.A.B.'s content business to Univision Holdings II, Inc. (resulting in TelevisaUnivision), was approved by the IFT. The regulator concluded that the transaction did not pose a significant risk to competition in the Mexican market, largely because Univision Holdings' presence in Mexico was marginal. This approval removes a major regulatory hurdle from the company's content strategy.

Still, a new, massive legal uncertainty is dominating the 2025 landscape: the constitutional reform that is dissolving the independent regulatory bodies, the IFT and the Federal Economic Competition Commission (Cofece). Their functions are being transferred to new agencies under the Executive Branch. This shift from autonomous to executive-branch oversight introduces significant regulatory risk, plus the new agencies are expected to face a budget reduction of close to 70%. A weakened or politically influenced regulator could lead to unpredictable enforcement, which is defintely a risk for a dominant player like Grupo Televisa, S.A.B.

Regulatory Body	Status in 2025	Impact on Grupo Televisa, S.A.B.
IFT (Federal Telecommunications Institute)	Scheduled for dissolution; functions transferred to new Executive Branch agencies.	Creates high regulatory uncertainty; potential for less technical, more political enforcement of 'preponderant agent' rules.
Cofece (Federal Economic Competition Commission)	Scheduled for dissolution; functions transferred.	Uncertainty in merger review and antitrust investigations; new agency faces a budget cut of approximately 70%.
Ministry of Anti-Corruption & Good Governance	New oversight authority for data privacy (replacing the autonomous INAI) as of March 21, 2025.	Directly impacts compliance costs for the new LFPDPPP; shifts oversight to a non-autonomous, executive body.

Compliance with data privacy and protection laws (e.g., GDPR-like rules in Mexico)

The most concrete, immediate compliance action for Grupo Televisa, S.A.B. in 2025 is the overhaul of Mexico's data protection framework. The new Federal Law on Personal Data Protection Held by Private Parties (LFPDPPP of 2025) became effective on March 21, 2025, replacing the 2010 framework. This new law significantly tightens compliance requirements, mirroring key aspects of the European Union's General Data Protection Regulation (GDPR).

For a company with millions of cable, satellite, and digital subscribers across its Izzi and Sky segments, plus the massive user base of TelevisaUnivision's digital platforms, the new law is a huge undertaking. It mandates stricter consent protocols, especially for sensitive personal data like biometric identifiers or health records, and expands the data subject rights (known as 'ARCO' rights: Access, Rectification, Cancellation, and Opposition). The oversight shift to the Ministry of Anti-Corruption & Good Governance also means the enforcement landscape has changed dramatically. Finance: draft a compliance cost estimate for the new LFPDPPP by end of the quarter.

Grupo Televisa, S.A.B. (TV) - PESTLE Analysis: Environmental factors

Increasing pressure for transparent Environmental, Social, and Governance (ESG) reporting

You are defintely seeing the investment community demand more than just talk; they want verifiable data on environmental, social, and governance (ESG) performance. Grupo Televisa is responding to this by aligning its disclosures with major frameworks like the Global Reporting Initiative (GRI), the Task Force on Climate-related Financial Disclosures (TCFD), and the Sustainability Accounting Standards Board (SASB).

The company has set a clear, absolute carbon footprint reduction target: a 20% decrease in total Scope 1, 2, and 3 emissions by 2030, using a 2023 baseline of 835,195.57 Metric Tonnes of CO2 equivalent (mtCO2e). Here's the quick math: as of 2024, they are already ahead of schedule, having achieved 29.9% of the planned reduction, which signals strong internal momentum.

This commitment is crucial because a telecommunications giant's environmental impact is primarily tied to its operations. Their 2023 operational emissions (Scope 1 and 2) totaled 245,021.99 mtCO2e, with Scope 2 (purchased electricity) making up the bulk at 194,267.31 mtCO2e. That's a huge number, so any progress here directly impacts the bottom line and investor confidence.

Energy consumption of extensive cable network infrastructure and data centers is high

The sheer scale of Grupo Televisa's cable network infrastructure, which reached about 20 million homes passed in 2025, means energy consumption is a core environmental and financial risk. The cost of powering and cooling all those data centers and network hubs is immense, so energy efficiency is not just green, it's smart business.

The company has a stated goal to reach 35% clean energy generation by the end of 2024, using a 2017 baseline. They are tackling this with concrete projects, not just offsets. For instance, their San Angel facility uses a power trigeneration plant, which is a renewable energy project that provides 100% clean energy to that site.

The focus is on investing in climate-resilient networks and implementing efficiency initiatives to reduce the overall energy draw, which is a necessary step as network traffic continues to grow. You can't connect 5.6 million broadband subscribers without a massive power draw.

Focus on reducing e-waste from set-top boxes and network equipment

The constant cycle of upgrading technology-from old coaxial cable boxes to new Fiber to the Home (FTTH) equipment and Android TV set-top boxes-creates a significant electronic waste (e-waste) problem. This is a major challenge for any cable operator.

Grupo Televisa is addressing this through a circular economy strategy. They use their service centers to manage the lifecycle of electronic devices, which is a practical way to reduce the number of units that end up as e-waste. This approach prioritizes:

• Promoting reuse and recycling practices with suppliers.
• Reducing operating costs by keeping devices in service longer.
• Minimizing the overall environmental footprint.

The global e-waste crisis is escalating, with worldwide generation on track to reach 82 million tonnes by 2030, so a strong internal recycling and refurbishment program is a critical operational advantage.

Corporate social responsibility (CSR) initiatives focused on media literacy and education

Beyond the hard environmental numbers, the company's corporate social responsibility (CSR) initiatives, primarily run through Fundación Televisa, are a key part of their 'Social' and 'Governance' factors, but also often include environmental awareness. In 2024, the Foundation invested more than Ps. 327 million in its programs.

This investment is directly tied to their purpose of empowering people and creating positive change. The impact is significant, with the Foundation transforming the lives of over 1 million people, specifically 1,001,026 children, youth, and adults in Mexico and the United States in 2024 alone. The programs focus on:

• Education and media literacy for underprivileged communities.
• Fostering culture and entrepreneurship.
• Environmental protection and awareness campaigns.

This table summarizes the core environmental metrics and goals for the company, giving you a clear picture of their near-term commitments.

Environmental Metric	2023 Baseline / Target Year	2024 Performance / Status	Implication
GHG Emissions Reduction Target	20% reduction by 2030 (2023 Baseline)	Achieved 29.9% of the planned reduction as of 2024	Ahead of schedule on long-term carbon goal.
Total GHG Emissions Baseline	835,195.57 mtCO2e (2023)	Progressing toward reduction.	Sets the scale of the company's total carbon footprint.
Clean Energy Generation Goal	35% clean energy by 2024 (2017 Baseline)	San Angel facility powered by 100% clean trigeneration.	Focus on direct renewable energy integration for key sites.
CSR Investment (Fundación Televisa)	2024 Fiscal Year	Invested more than Ps. 327 million	Strong commitment to social and environmental programs.