Televisa Third-Quarter 2008 Results
Thursday, October 23rd, 2008MEXICO CITY — Grupo Televisa, S.A.B. (NYSE:TV; BMV:TLEVISA CPO) today announced results for third quarter of 2008.
Sky DTH (Innova)
Third-quarter sales increased 12.2% to Ps.2,296.6 million compared with Ps.2,046.3 million in third quarter 2007. This result reflects an increase in the subscriber base in Mexico, Central America, and the Dominican Republic. As of September 30, 2008, the number of gross active subscribers increased to 1,728,214 (including 124,399 commercial subscribers), compared with 1,542,466 (including 107,386 commercial subscribers) as of September 30, 2007. Sky closed the quarter with 87 thousand subscribers in Central America and the Dominican Republic.
Cable and Telecom
Third-quarter sales increased 229.5% to Ps.1,980.9 million compared with Ps.601.1 million in third quarter 2007. This increase was attributable to i) a 23.1% increase in sales of Cablevisión, driven mainly by an increase in revenue generating units (RGUs); ii) the consolidation of Cablemás; and iii) the consolidation of Bestel, which generated sales of Ps.448.2 million.
The following table sets forth the breakdown of subscribers for Cablevisión and Cablemás.
3Q 2008 Cablevisión Cablemás ----------- -------- Video 580,761 821,191 Internet 189,259 235,422 Telephony 38,352 73,284
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