UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 6-K

          REPORT OF FOREIGN ISSUER PURSUANT TO RULES 13a-16 OR 15d-16
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                         For the month of March, 2005

                              GRUPO TELEVISA, S.A.
               -------------------------------------------------
          (Translation of registrant's name into English)

       Av. Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico, D.F.
     ---------------------------------------------------------------------
                    (Address of principal executive offices)

     (Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.)

             Form 20-F     X                    Form 40-F 
                        -------                           -------

     (Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.)

             Yes                                No    X 
                 -----                              -----

     (If "Yes" is marked indicate below the file number assigned to the
registrant in connection with Rule 12g-3-2(b):


Grupo  Televisa,  S.A.,  announced  it will  launch a  tender  offer of the
following  medium term notes ("Pagares de Mediano Plazo") (the "Notes") for
cash:

Issuer: Grupo Televisa, S.A.
Ticker symbol: TLEVISA P00U
Term: 7 years
Issued on: April 14, 2000
Par value of each note: 100 Unidades de Inversion ("UDIS")

Casa de Bolsa  Credit  Suisse First Boston  (Mexico),  S.A. de C.V.,  Grupo
Financiero Credit Suisse First Boston (Mexico),  S.A. de C.V. ("CSFB") will
be the dealer-manager of the tender offer.

On the  second  business  day of the tender  offer  period,  Televisa  will
determine a minimum  price for the  acquisition  of the Notes.  The minimum
price will be determined  taking into  consideration  the prevailing market
conditions  and the  reference  prices  provided  by  appraisers  Proveedor
Integral de Precios,  S.A. de C.V. and Valuacion Operativa y Referencias de
Mercado, S.A. de C.V.

During such business day, the noteholders will be entitled to determine the
price they are willing to accept in order for them to tender  their  Notes.
Once CSFB  receives the offer prices from the  noteholders,  Televisa  will
determine the final tender offer price,  which in any case will be equal or
higher than the minimum price initially established.

Every note holder will be entitled to tender its Notes at the final  tender
offer price.

**************************************

For more information regarding the tender offer, please contact

Televisa:

Michel Boyance +52 (55) 5261-2446

CSFB:

In Mexico,  Andres  Borrego:  +52 (55)  5283-8996
In the US, Felipe Garcia: (212) 325-3209


                                 SIGNATURE

Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                             GRUPO TELEVISA, S.A.
                                             -----------------------------
                                                    (Registrant)

Dated:  March 8, 2005                     By /s/ Jorge Lutteroth Echegoyen
                                             ------------------------------
                                             Name: Jorge Lutteroth Echegoyen
                                             Title: Controller, Vice-President