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 July, 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-______.
[LOGO - Grupo Televisa, S.A.]
PRESS RELEASE
FOR IMMEDIATE RELEASE
GRUPO TELEVISA TO PARTICIPATE IN VUELA
Mexico City, July 25, 2005--Grupo Televisa, S.A. ("Televisa"; NYSE:TV;
BMV:TLEVISA CPO), today announced that it has signed a letter of intent to
participate in Vuela Compania de Aviacion, S.A. de C.V. ("Vuela"), a new
low-cost carrier airline ("LCC") that Televisa is forming together with
three partners. Under the letter of intent, Televisa will own a 25%
interest in the carrier.
Vuela will benefit from a strong partnership formed by Televisa; SINCA
Inbursa; Discovery Americas I, a private equity fund managed by Protego and
Discovery Capital; and Grupo TACA, one of the leading airline operators in
Latin America. Vuela has already obtained a concession to own, manage, and
operate an LCC in Mexico and plans to begin operations during the first
half of 2006.
The Mexican domestic civil aviation market, which transports over 30
million passengers per year, is the second largest in Latin America after
Brazil. LCCs have become a global phenomenon and have revolutionized the
airline industry in recent years. Mexico presents an attractive opportunity
for Vuela because it is a large market with good growth potential.
Televisa expects Vuela to become a large customer given the importance of
advertising for the establishment of its brand and marketing strategies.
Televisa also contemplates providing the in-flight entertainment for this
airline.
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.
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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: July 25, 2005 By /s/ Jorge Lutteroth Echegoyen
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Name: Jorge Lutteroth Echegoyen
Title: Controller, Vice-President