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



[TELEVISA LOGO]
                                                                PRESS RELEASE
                                                        FOR IMMEDIATE RELEASE
------------------------------------------------------------------------------

                GRUPO TELEVISA, S.A. ANNOUNCES CONSUMMATION
 OF OFFERING OF AN ADDITIONAL U.S.$200 MILLION AGGREGATE PRINCIPAL AMOUNT OF
                        6.625% SENIOR NOTES DUE 2025

Mexico  City,  May  26,  2005-  Grupo  Televisa,  S.A.  ("Televisa"  or the
"Company";  NYSE:TV;  BMV:TLEVISA  CPO) today announced that it consummated
its offering of an additional  U.S.$200 million aggregate  principal amount
of 6.625% Senior Notes due March 18, 2025 (the "Notes").

The Notes were  priced at 98.632%  for a yield of  6.750%,  5 basis  points
below the yield of the  U.S.$400  million  Senior  Notes due 2025 that were
originally  issued  on March 18,  2005.  The  Notes  offered  are a further
issuance  of the  6.625%  Senior  Notes  due  2025 and are part of the same
series as the  U.S.$400  million  principal  aggregate  amount of the notes
issued on March 18, 2005.

Televisa  plans to use the net proceeds from today's  offering of Notes for
general corporate purposes including,  as part of its refinancing strategy,
subject to market  conditions and other  factors,  the repayment of some of
the Company's and/or its subsidiaries' outstanding indebtedness.

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.

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:  May 27, 2005                       By /s/ Jorge Lutteroth Echegoyen
                                             ------------------------------
                                             Name: Jorge Lutteroth Echegoyen
                                             Title: Controller, Vice-President