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, 2006
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): 82 .)
Press Release
[LOGO - GRUPO TELEVISA, S.A.] FOR IMMEDIATE RELEASE
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GRUPO TELEVISA ANNOUNCES GDR RATIO CHANGE
Mexico City, March 10, 2006--Grupo Televisa, S.A. ("Televisa"; NYSE:TV;
BMV:TLEVISA CPO) announced today that it plans to change its current Global
Depositary Receipts (GDR) ratio from the current 1 GDR per 20 Certificados
de Participacion Ordinarios (CPOs) to 1 GDR per 5 CPOs, a 1:4 GDR split.
This ratio change will be effective for holders of record on February 27,
2006. The effective date for the ratio change will be on March 22, 2006.
The purpose of the GDR ratio change is to align Televisa's GDR price with
other media shares and GDRs and increase liquidity in the trading of
Televisa GDRs on the New York Stock Exchange. There will be no change to
the CPOs or the underlying Televisa shares.
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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INVESTOR RELATIONS CONTACTS MEDIA RELATIONS CONTACT:
MICHEL BOYANCE / ALEJANDRO EGUILUZ MANUEL COMPEAN
Tel: (5255) 5261-2445 Tel: (5255) 5728 3815
Fax: (5255)5261-2494 Fax: (5255) 5728 3632
ir@televisa.com.mx mcompean@televisa.com.mx
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 13, 2006 By /s/ Jorge Lutteroth Echegoyen
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Name: Jorge Lutteroth Echegoyen
Title: Controller, Vice-President