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Televisa

Televisa
Sociedad Anónima Bursátil
Traded as TLEVISA
TV
Industry Mass media
Predecessor Telesistema Mexicano (1955)
Television Independiente de Mexico (1965)
Founded 8 January 1973; 44 years ago (1973-01-08)
Founder Emilio Azcárraga Vidaurreta
Headquarters Mexico City, Mexico
Area served
Worldwide
Key people
Emilio Azcárraga Jean (CEO),
Ervin Azcárraga Jean,
Bernardo Gómez Martínez,
Alfonso de Angoitia,
José Bastón Patiño
Products Broadcasting, cable TV, radio, publishing, Internet
Revenue IncreaseUS$ 5.3 billion (2012)
Profit IncreaseUS$ 672.7 million (2012)
Number of employees
24,362
Subsidiaries Televisa Interactive
Website www.televisa.com

Grupo Televisa, S.A.B. (Spanish pronunciation: [teleˈβisa]) is a Mexican multimedia mass media company, and the largest in Hispanic America as well as the first of all the Spanish-speaking world. It is a major international entertainment business, with much of its programming airing in the United States on Univision, with which it has an exclusive contract.

Grupo Televisa was founded in 1955 as Telesistema Mexicano, linking Mexico's first three television stations: XHTV-TV (founded in 1950), XEW-TV (1951) and XHGC-TV (1952). It was (and currently still is) owned by the Azcárraga family, O'Farril family and Ernesto Barrientos Reyes, who had signed on Mexico's first radio station, XEW-AM, in 1930. Its headquarters, known as Televicentro, were originally located on Avenida Chapultepec in downtown Mexico City. The building opened on February 10, 1952.

The channel was the first national network to be broadcast in color in 1963. Before the launch, Telesistema began airing in color in the late 1950s in select cities along the U.S.-Mexico border, given the fact that color signals were already present since the start of US color television in the decade starting from 1954.

In 1968, Telesistema's main competitor, Televisión Independiente de México (TIM), entered Mexico City with XHTM-TV Canal 8. At the time, both Telesistema and TIM (which was based in Monterrey) competed with another new station, XHDF-TV channel 13, which also started transmissions in 1968. Over the next four years, both networks competed in content and image until they merged, taking on the name Televisa in 1973. In the merger deal, the owners of Telesistema had 75 percent of the stocks, while the owners of Televisión Independiente had the rest, which were sold to Telesistema later because of financial problems.


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