Grupo Televisa, S.A.B. (TV) Management Discusses Q1 2020 Results - Earnings Call Transcript

Apr. 28, 2020 4:54 PM ETGrupo Televisa, S.A.B. (TV), GRPFF
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Call Start: 10:00 January 1, 0000 11:01 AM ET

Grupo Televisa, S.A.B. (NYSE:TV)

Q1 2020 Earnings Conference Call

April 28, 2020, 10:00 AM ET

Company Participants

Alfonso De Angoitia - Co-CEO

Salvi Folch - CEO, Cable

Alex Penna - CEO, Sky

Patricio Wills - Head, Televisa Estudios

Carlos Ferreiro - Corporate Vice President of Finance

Antonio Lara - Corporate Vice President of Administration

Conference Call Participants

Rodrigo Villanueva - Bank of America

Gordon Lee - Banco BTG Pactual S.A.

Marcelo Santos - JPMorgan

Fred Mendes - Bradesco

Soomit Datta - New Street Research

Operator

Good morning, everyone, and welcome to the Grupo Televisa's First Quarter 2020 Conference Call. Before we begin, I would like to draw your attention to the press release which explains the use of forward-looking statements and applies to everything we discuss in today's call and in the earnings release.

I will now turn the call over to Mr. Alfonso De Angoitia, Co-Chief Executive Officer of Grupo Televisa. Please go ahead, sir.

Alfonso De Angoitia

Thank you, Eltita. Good morning, everyone, and thanks for joining us today. With me, either present here at our offices or remotely, are the heads of our three key business segments: Salvi Folch, CEO of Cable; Alex Penna, CEO of Sky; Patricio Wills, Head of Televisa Studios; and also Carlos Ferreiro and Antonio Lara, Corporate Vice President of Finance and Administration respectively.

Let me start with the obvious. I hope that you and your loved ones are safe and healthy in these very challenging times. I will now walk you through the steps we have taken in response to COVID on a company-wide basis, then I will address our first quarter financial results and turn it over to Salvi, Alex, and Patricio for their review of key operating metrics and the measures they have taken to protect

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