Grupo Televisa, S.A.B. Announces Management Changes
December 21, 2021 at 04:14 pm EST
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Grupo Televisa, S.A.B. announced Alex Penna has decided to retire after a distinguished career at the Company spanning more than two decades. Mr. Penna has served as Chief Executive Officer (CEO) of Sky for almost 18 years. Previously, he held senior management positions at the Company including Vice President of Corporate Finance. The Board of Directors of Sky has appointed Luis Malvido to take over as CEO as of January 1, 2022. Mr. Malvido is a seasoned executive with over 25 years holding CEO roles, mainly in the Telco sector. He has led publicly listed and private companies in a wide array of business contexts and a broad range of geographies including Latin America and Central Europe.
Grupo Televisa, S.A.B. is a media company, cable operator in Mexico and an operator of a direct-to-home (DTH) satellite pay television system in Mexico. The Company operates through four segments: Content, Sky, Cable and Other Businesses. The Content segment includes Advertising, Network Subscription, and Licensing and Syndication. The Sky segment includes DTH broadcast satellite pay television services in Mexico, Central America and the Dominican Republic. The Cable segment includes the operation of a cable multiple system in the Mexico City metropolitan area; the operation of telecommunication, and the operation of a cable multiple system. The Other Businesses segment includes its domestic operations in sports and show business promotion, soccer, feature film production and distribution, gaming, radio, publishing and publishing distribution. The Company distributes the content it produces through various broadcast channels in Mexico and in approximately 50 other countries.
GRUPO TELEVISA, S.A.B. 
