Q2 2019 Grupo Televisa SAB Earnings Call Transcript
Good morning, everyone, and welcome to Grupo Televisa's Second Quarter 2019 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.
Thank you, Elsa. Good morning, everyone, and thanks for joining us today. With me are the heads of our 2 key business segments: Salvi Folch, CEO of Cable; Patricio Wills, Head of Televisa Estudios. We will talk -- I'll walk you through the highlight of our 2019 second quarter results. And following our opening remarks, we will answer all your questions.
I will start by addressing the many factors that impacted our second quarter results, particularly as it relates to advertising sales. First, the economy continued to soften. For example, according
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