Grupo Televisa
TV
Communication Services
2
exclusion reasons
1 theme
Grupo Televisa is screened out under 2 exclusion reasons spanning 1 issue category.
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.
FIFA bribery (US DOJ 2015 indictments, Televisa executives named); Mexico broadcast license irregularities; pattern of government contract non-compliance
Grupo Televisa has faced significant allegations of corruption and bribery in its business dealings. In 2022, the U.S. Securities and Exchange Commission (SEC) charged the company with violating the Foreign Corrupt Practices Act (FCPA). The SEC's order (Administrative Proceeding File No. 3-20949) documented that Televisa, through its subsidiary, paid approximately $4.1 million in bribes to a Mexican government official to obtain a favorable judicial decision in a civil lawsuit. The company agreed to pay a $3 million civil penalty to settle the charges.
Separately, Televisa has been accused of using its media influence as a tool for political and business advantage. Reports from media watchdogs and investigative journalists allege the company operated a secret network to spread disinformation and fabricate false allegations against political rivals and business competitors. This pattern of leveraging its broadcast platforms for corrupt purposes extends beyond the FCPA violation, indicating systemic governance failures.
Research Sources
3 organizations
Related Exclusions
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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