Lone Pine Capital Boosts Grupo Televisa Stake ~ market folly

Tuesday, November 7, 2017

Lone Pine Capital Boosts Grupo Televisa Stake

Steve Mandel's hedge fund firm Lone Pine Capital has filed a 13G with the SEC regarding its position in Grupo Televisa (TV).  Per the filing, Lone Pine now owns 6.4% of the company. 

Their ownership stake is comprised of over 5.49 billion Series L shares represented by 157,110,155 CPOs represented by 31,422,031 GDSs.

This is up from the 20.55 million GDSs they previously owned at the end of the second quarter.  So they've boosted their stake by around 11 million TV shares.  The filing was made due to activity on October 27th.

Per Google Finance, Grupo Televisa is "a media company in the international entertainment business. The Company operates in four business segments: Content, Sky, Telecommunications, and Other Businesses. It operates four broadcast channels in Mexico City and has affiliated stations throughout the country. It produces pay-television channels with national and international feeds, throughout Latin America, the United States, Canada, Europe and Asia Pacific. It exports its programs and formats to television networks around the world. It is also a Spanish-language magazine publisher. Its pay-television channels include three music, six movie, seven variety and entertainment channels and two sports channels. Its programs include telenovelas, newscasts, situation comedies, game shows, reality shows, children's programs, comedy and variety programs, musical and cultural events, movies and educational programming. Its programming also includes broadcasts of special events and sports events in Mexico."

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