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.
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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-______.
[TELEVISA LOGO]
PRESS RELEASE
FOR IMMEDIATE RELEASE
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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.
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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: May 27, 2005 By /s/ Jorge Lutteroth Echegoyen
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Name: Jorge Lutteroth Echegoyen
Title: Controller, Vice-President