Concept

Televisa

Summary
Grupo Televisa S.A.B., simply known as Televisa, is a Mexican multimedia mass media and entertainment company. A major Latin American mass media corporation, it often presents itself as the largest producer of Spanish-language content. In April 2021, Televisa announced that they would sell the company's media and entertainment assets to Univision Communications, which would form a new company to be known as TelevisaUnivision. The transaction was completed on January 31, 2022, with Televisa owning a 45% stake of the company. Since its beginning, the company has been owned by the Azcárraga family. The company has been led and owned by three generations of Azcárraga; each has marked an era for the company and, until October 2017, each had passed the ownership of the company to his son upon his death. 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). Along with Emilio Azcárraga Vidaurreta, the O'Farril family and Ernesto Barrientos Reyes, who had signed on Mexico's first radio station, XEW-AM, in 1930, were co-owners of the firm. Its headquarters, known as Televicentro, were originally located on Avenida Chapultepec in downtown Mexico City. The building opened on 10 February 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.
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