Related Parties (Tables)

12 Months Ended

Dec. 31, 2023

Related Parties

Summary of principal transactions carried out by Group with affiliated companies, including equity investees, stockholders and entities in which stockholders have an equity interest

	2023		2022		2021
Revenues, other income and interest income:
Royalties (TelevisaUnivision) (a)	Ps.	—	Ps.	660,842	Ps.	8,548,036
Programming production and transmission rights (b)		1,516,369		1,453,875		738,650
Telecom services (c)		466,957		205,591		57,759
Administrative services (d)		78,367		115,190		7,371
Advertising (e)		1,902,307		1,854,152		10,417
Interest income (f)		685,098		618,921		49,736
Lease (i)		412,329		408,893		—
	Ps.	5,061,427	Ps.	5,317,464	Ps.	9,411,969
Costs and expenses:
Donations	Ps.	30,000	Ps.	26,229	Ps.	26,606
Advertising		266,834		297,497		—
Administrative services (d)		68,149		127,762		19,410
Technical services (g)		299,192		391,896		295,915
Programming production, transmission rights and telecom (h)		5,176,944		4,499,464		787,487
	Ps.	5,841,119	Ps.	5,342,848	Ps.	1,129,418

(a) Through January 31, 2022, the Group received royalties from Univision for programming provided pursuant to an amended PLA, pursuant to which Univision had the right to broadcast certain Group’s content in the United States. The amended PLA was terminated by the parties on January 31, 2022, in conjunction with the TelevisaUnivision Transaction. The amended PLA and the TelevisaUnivision Transaction included a provision for certain yearly minimum guaranteed advertising, with a value of U.S.$10.6 million (Ps.180,331), U.S.$10.8 million (Ps.211,829) and U.S.$35.1 million (Ps.712,417), for the fiscal years, 2023, 2022 and 2021, respectively, to provide by Univision, at no cost, for the promotion of certain businesses of the Group’s Other Businesses segment. This advertising did not have commercial substance for the Group, as it was related to activities that were considered ancillary to Group’s normal operations in the United States (see Notes 3, 9 and 10).

(b) Services rendered to Univision in 2023, 2022 and 2021. In 2023 and 2022 included transmission costs of concession rights owned by the Group.

(c) Services rendered to a subsidiary of AT&T, Inc. (“AT&T”) in 2023, 2022 and 2021, and Univision in 2021.

(d) The Group receives revenue from and is charged by affiliates for various services, such as: property and equipment rental, security and other services, at rates which are negotiated. The Group provides management services to affiliates, which reimburse the Group for the incurred payroll and related expenses. In 2023 and 2022 includes a provision of administrative services to Tritón and certain companies of TelevisaUnivision.

(e) Advertising services rendered to Univision in 2021. In 2023 and 2022 the Cable and Sky segments received advertising revenue from TelevisaUnivision.

(f) In 2023 and 2022, included interest income from Televisa, S. de R.L. de C.V. in connection with a long-term credit agreement with the Company, as described below, and in 2023, 2022 and 2021, interest income from GTAC.

(g) In 2023, 2022 and 2021, Sky received services from a subsidiary of AT&T, Inc. for play-out, uplink and downlink of signals.

(h) Paid mainly to Univision and GTAC in 2022 and 2021. The Group paid royalties to Univision for programming provided pursuant to a Mexico License Agreement, under which the Group had the right to broadcast certain Univision content in Mexico for the same term as that of the PLA. The Group paid these royalties through January 31, 2022, as a result of the TelevisaUnivision Transaction, which was closed on that date (see Notes 3, 9 and 10). It also includes payments by telecom services to GTAC in 2023, 2022 and 2021. Includes payments for transmission rights to AT&T in 2023, 2022 and 2021. Includes the cost of programming of TelevisaUnivision for the Cable and Sky segments in 2023 and 2022.

(i) Includes operating lease agreements with certain companies of TelevisaUnivision and Tritón.

Summary of balances of receivables and payables between the Group and related parties

	2023		2022
Current receivables:
Televisa, S. de R.L. de C.V. (“Televisa”) (1) (2)	Ps.	1,044,105	Ps.	22,650
Televisa Producciones, S.A. de C.V. (1)		182,218		15,535
TelevisaUnivision		125,903		136,944
Tritón Comunicaciones, S.A. de C.V.		20,136		11,140
ECO Producciones, S.A. de C.V. (1)		11,188		10,792
Cadena de las Américas, S.A. de C.V. (1)		8,273		40,186
Other		58,415		73,977
	Ps.	1,450,238	Ps.	311,224
Non-current receivables:
Televisa (1) (3)	Ps.	4,630,459	Ps.	6,365,038
Current payables:
Televisa, S. de R.L. de C.V. (1)	Ps.	497,452	Ps.	—
AT&T		29,384		40,183
TelevisaUnivision (2)		14,024		—
Desarrollo Vista Hermosa, S.A. de C.V. (1)		7,631		15,189
Other		30,532		32,952
	Ps.	579,023	Ps.	88,324

(1) An indirect subsidiary of TelevisaUnivision.

(2) Receivables from Televisa were related primarily to transmission rights as of December 31, 2023. Payables to Televisa were related primarily to programming services for our Cable and Sky segments.

(3) In January 2022, Televisa, S. de R.L. de C.V. entered into a long-term credit agreement with the Company in the principal amount of Ps.5,738,832, with a fixed annual interest rate of 10.2%. Under the terms of this agreement, principal and interest are payable at maturity on April 30, 2026, and prepayments of principal can be made by debtor at any time without any penalty. As of December 31, 2023 and 2022, amounts receivable from Televisa, S. de R. L. de C.V., in connection with this long-term credit amounted to Ps.4,630,459 and Ps.6,365,038, respectively.