Minimum denomination of U.S.$200,000 principal amount and integral multiples of U.S.$1,000 in excess thereof.
Optional Redemption:
Prior to November 13, 2044, the notes may be redeemed at the option of Televisa, in whole or in part, by paying the greater of the principal amount of the notes or a Make-Whole amount at the Treasury Rate plus 30 basis points. On or after November 13, 2044, the notes may be redeemed at par at the option of Televisa, in whole or in part.
Change of Control:
Holders may put the bonds back to Televisa for a price of 101% if there is a Change of Control event.
Pricing Date:
May 8, 2014
Closing & Settlement Date:
May 13, 2014 (T+3)
Clearing Systems:
The Depository Trust Company, Clearstream Banking, société anonyme, and Euroclear Bank S.A./N.V.
Listing:
Luxembourg Stock Exchange to trade on the Euro MTF market.
Net Proceeds:
The Issuer estimates the net proceeds from the sale of
the notes will be approximately U.S.$959,440,000 after payment of underwriting discounts and estimated offering expenses.
Additional Supplementary Information:
See "Capitalization" and "Use of Proceeds" sections from the Prospectus as updated.
*
A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revisions or withdrawals at any time.
The information contained in this notice is subject to, and in making an investment decision you should rely on, the detailed description of the Issuer and the senior notes contained in the preliminary prospectus supplement dated May 8, 2014 to the Prospectus dated April 26, 2013 (collectively, the "Prospectus") relating to the senior notes, as supplemented by this final pricing term sheet.
This notice shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the bonds in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the Prospectus if you request it by calling any of Credit Suisse Securities (USA) LLC at 1-800-221-1037, Deutsche Bank Securities Inc. at 1-800-503-4611 or HSBC Securities (USA) Inc. at 1-866-811-8049.
Grupo Televisa, S.A.B. is a media company, cable operator in Mexico and an operator of a direct-to-home (DTH) satellite pay television system in Mexico. The Company operates through four segments: Content, Sky, Cable and Other Businesses. The Content segment includes Advertising, Network Subscription, and Licensing and Syndication. The Sky segment includes DTH broadcast satellite pay television services in Mexico, Central America and the Dominican Republic. The Cable segment includes the operation of a cable multiple system in the Mexico City metropolitan area; the operation of telecommunication, and the operation of a cable multiple system. The Other Businesses segment includes its domestic operations in sports and show business promotion, soccer, feature film production and distribution, gaming, radio, publishing and publishing distribution. The Company distributes the content it produces through various broadcast channels in Mexico and in approximately 50 other countries.
GRUPO TELEVISA, S.A.B. 
By 
