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, 2008
GRUPO TELEVISA,
S.A.B.
(Translation
of registrant’s name into English)
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Av.
Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico,
D.F.
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(Address
of principal executive offices)
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(Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.)
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Form
20-F
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x
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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.)
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Yes
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No
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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.)
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Press
Release
FOR IMMEDIATE
RELEASE
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COFECO
APPROVES CONVERSION OF LONG-TERM NOTES
INTO
49% OF THE EQUITY OF CABLEMÁS
Mexico
City, May 13, 2008- Grupo Televisa, S.A.B. (“Televisa”; NYSE:TV; BMV:TLEVISA
CPO), today announced that COFECO, the Mexican antitrust commission, authorized
the conversion of Televisa’s long-term convertible notes into 99.99% of the
equity of Alvafig, which holds 49% of the voting equity of
Cablemás.
In a
statement issued today, COFECO confirmed that Televisa has complied, among
other things, with the must-offer condition imposed by the commission.
Therefore, the conversion is approved.
Alfonso
de Angoitia, Executive Vice-President of Grupo Televisa said: “With this
approval, Televisa is better positioned to capitalize on the market’s adoption
of triple-play services. This is a significant step in our strategy to
become an important player in the cable and telecom market in
Mexico.”
Cablemás
is the second-largest cable company in Mexico based on number of subscribers and
homes passed. As of December 31, 2007 Cablemás served about 800,000 cable
television subscribers, 220,000 high-speed internet subscribers and 41,000 IP
telephony lines with 2,200,000 homes passed.
Grupo
Televisa, S.A.B., 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, cable television and telecommunication
services, magazine publishing and publishing distribution, radio production and
broadcasting, professional sports and live entertainment, feature-film
production and distribution, the operation of a horizontal internet portal, and
gaming. Grupo Televisa also owns an unconsolidated equity stake in La Sexta, a
free-to-air television venture in Spain.
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###
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Investor
Relations:
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Media Relations: |
| Michel Boyance | Manuel Compeán |
| María José Cevallos | Tel: (5255) 5728-3815 |
| Tel: (5255) 5261-2445 | Fax: (5255) 5728-3632 |
| Fax: (5255) 5261-2494 | mcompean@televisa.com.mx |
| ir@televisa.com.mx | http://www.televisa.com |
| http://www.televisa.com | |
| http://www.televisair.com |
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.
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GRUPO
TELEVISA, S.A.B.
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(Registrant)
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Dated:
May 14, 2008
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By:
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/s/ Jorge Lutteroth
Echegoyen
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Name:
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Jorge Lutteroth
Echegoyen
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Title:
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Controller,
Vice President
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