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.
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(Translation of registrant's name into English)
Av. Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico, D.F.
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(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
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(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
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If "Yes" is marked indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-______.
Press Release
[Logo - Televisa] For Immediate Release
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GRUPO TELEVISA, S.A. ANNOUNCES CONSUMMATION OF
OFFERING OF U.S. $400 MILLION AGGREGATE PRINCIPAL
AMOUNT OF 6.625% SENIOR NOTES DUE 2025
Mexico City, March 18, 2005- Grupo Televisa, S.A. ("Televisa" or the
"Company"; NYSE:TV; BMV:TLEVISA CPO) today announced that it consummated
its offering of U.S.$400 million aggregate principal amount of 6.625%
Senior Notes due 2025.
Televisa plans to use the net proceeds from this note offering, together
with cash on hand, to fund its tender offers for any or all of its U.S.$300
million aggregate principal amount of 8.00% Senior Notes due 2011 and its
Ps.3,839 million (equivalent to approximately U.S.$337 million) aggregate
principal amount of 8.15% UDI-denominated Notes due 2007. As of 10:00 am
New York City time today, approximately U.S.$145 million aggregate
principal amount of Televisa's 8.00% Senior Notes due 2011 had been
tendered, and approximately Ps.2,899 million (equivalent to approximately
U.S.$260 million) aggregate principal amount of Televisa's 8.15%
UDI-denominated Notes had been tendered. The tender offer for the 8.00%
Senior Notes due 2011 expires at 5:00 pm, New York City time, on Monday,
March 21, 2005, and the tender offer for the 8.15% UDI-denominated Notes
due 2007 expires at 12:00 pm, Mexico City time, on Wednesday, March 23,
2005.
The 6.625% Senior Notes due 2025 have not been registered under the
Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from registration
requirements. This news release does not set forth all the terms and
conditions of the tender offer for the 8.00% Senior Notes due 2011, which
was made only pursuant to the Offer to Purchase dated March 15, 2005, or
the terms of the tender offer for the 8.15% UDI-denominated Notes, which
was made only pursuant to a Public Offer to Purchase, dated March 15, 2005.
Grupo Televisa, S.A. is the largest media company in the Spanish-speaking
world, and a major player in the international entertainment business. It
has interests in television production and broadcasting, programming for
pay television, international distribution of television programming,
direct-to-home satellite services, publishing and publishing distribution,
cable television, radio production and broadcasting, professional sports
and show business promotions, feature film production and distribution, and
the operation of a horizontal Internet portal. Grupo Televisa also has an
unconsolidated equity stake in Univision, the leading Spanish-language
television company in the United States.
This press release contains forward-looking statements regarding the
Company's results and prospects. Actual results could differ materially
from these statements. The forward-looking statements in this press release
should be read in conjunction with the factors described in "Item 3. Key
Information - Forward-Looking Statements" in the Company's Annual Report on
Form 20-F, which, among others, could cause actual results to differ
materially from those contained in forward-looking statements made in this
press release and in oral statements made by authorized officers of the
Company. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of their dates. The Company
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
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CONTACTS:
INVESTOR RELATIONS:
Michel Boyance / Alejandro Eguiluz
Grupo Televisa, S.A.
Av. Vasco de Quiroga No. 2000
Colonia Santa Fe
01210 Mexico, D.F.
(5255) 5261-2000
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.
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(Registrant)
Dated: March 18, 2005 By /s/ Jorge Lutteroth Echegoyen
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Name: Jorge Lutteroth Echegoyen
Title: Controller, Vice-President