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.
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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
                        -------                           -------

     (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 12g3-2(b): 82-______.



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[LOGO - TELEVISA]                                     PRESS RELEASE
                                                      FOR IMMEDIATE RELEASE

     GRUPO TELEVISA, S.A. ANNOUNCES FINAL RESULTS OF ITS TENDER OFFERS

Mexico  City,  March 29,  2005- Grupo  Televisa,  S.A.  ("Televisa"  or the
"Company";  NYSE:TV;  BMV:TLEVISA CPO) today confirmed final results of its
previously  announced Tender Offers for any and all of its U.S.$300 million
aggregate principal amount of 8.00% Senior Notes due 2011, which expired on
Monday, March 21, 2005, and for the 8.15%  UDI-denominated  Notes due 2007,
which expired on Wednesday, March 23, 2005.

At the expiration  time, the Company had received  tenders from the holders
of  approximately  U.S.$222  million in aggregate  principal  amount of the
outstanding 8.00% Senior Notes due 2011, representing  approximately 74% of
the outstanding principal amount of these Notes, and approximately Ps.2,935
million  (equivalent  to  approximately   U.S.$262  million)  in  aggregate
principal amount of the outstanding 8.15%  UDI-denominated  Notes due 2007,
representing approximately 76% of the outstanding principal amount of these
Notes.

As a result of these tender offers and the  consummation  of its previously
announced offering of U.S.$400 million aggregate principal amount of 6.625%
Senior  Notes due 2025,  Televisa  expects  to reduce  interest  expense by
approximately U.S.$8 million and U.S.$12 million per year in 2005 and 2006,
respectively.  Additionally, with these transactions,  Televisa extends the
average term of maturity of its debt from 8.2 to 9.5 years.

Grupo Televisa, S.A.  is the largest media company in the  Spanish-speaking
world, and a major participant in the international entertainment business.
It has interests in television  production and broadcasting,  production of
pay  television   networks,   international   distribution   of  television
programming,  direct-to-home satellite services,  publishing and publishing
distribution,   cable   television,   radio  production  and  broadcasting,
professional  sports and live  entertainment,  feature film  production and
distribution,  and the  operation of a horizontal  Internet  portal.  Grupo
Televisa also owns an unconsolidated equity stake in Univision, the leading
Spanish-language media 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.

                                    ###



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.
                                             -----------------------------
                                                    (Registrant)

Dated:  March 30, 2005                    By /s/ Jorge Lutteroth Echegoyen
                                             ------------------------------
                                             Name: Jorge Lutteroth Echegoyen
                                             Title: Controller, Vice-President