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