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,
                            MEXICO, D.F., 01210
                                   MEXICO
                            --------------------
                  (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-______.



Grupo  Televisa,  S.A.,  announced  it has  launched a tender  offer of the
following  medium term notes  ("Pagares de Mediano  Plazo") (the  "Notes"),
which  has  been  duly  approved  by the  Mexican  Securities  and  Banking
Commission ("Comision Nacional Bancaria y de Valores"):

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),  is acting as agent of the
tender offer ("CSFB").

Televisa has  determined a minimum price for the  acquisition of the Notes,
equal to 110.9466 UDIs, which was 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.

On March 16, 2005, 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.

Within the tender offer period,  which is taking place between March 15 and
March 23, 2005,  every  noteholder  will be entitled to tender its notes at
the final tender offer price.

**************************************

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

Dated:  March 16, 2005                    By /s/ Jorge Lutteroth Echegoyen
                                             ------------------------------
                                             Name: Jorge Lutteroth Echegoyen
                                             Title: Controller, Vice-President