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 November, 2002
GRUPO TELEVISA, S.A.
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(Translation of registrant's name into English)
Av. Vasco de Quiroga No. 2000, Colonia Sante 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
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[OBJECTS OMITTED]
FOR UNIVISION: STEPHANIE PILLERSDORF/STEPHANIE SORRENTINO
CITIGATE SARD VERBINNEN
212-687-8080
FOR TELEVISA: ALBERTO ISLAS
GRUPO TELEVISA
525-52-61 2000
UNIVISION AND TELEVISA NAME MANAGEMENT TEAM FOR
DIGITAL CABLE AND SATELLITE TELEVISION NETWORKS
MARK FELDMAN NAMED PRESIDENT AND CHIEF EXECUTIVE OFFICER;
CARLOS MADRAZO NAMED CHIEF FINANCIAL OFFICER
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LOS ANGELES AND MEXICO CITY, NOVEMBER 6, 2002 - Univision Communications
Inc. (NYSE: UVN), the leading Spanish-language media company in the United
States, and Grupo Televisa, S.A. (NYSE: TV), the largest media company in
the Spanish-speaking world, today announced that Mark Feldman, formerly
Chief Operating Officer of TVN Entertainment, has been appointed President
and Chief Executive Officer of the companies' previously announced joint
venture to operate and distribute a suite of Spanish-language television
networks for digital cable and satellite delivery in the United States.
Feldman, who will be based in Los Angeles and report to the Board of
Directors of the joint venture, will oversee all operational, marketing,
sales and distribution aspects of the Univision-Televisa digital networks.
Carlos Madrazo, formerly of ING Barings' Latin America media investment
banking group, has been named Chief Financial Officer, reporting to
Feldman.
The 50/50 joint venture, which was contemplated as part of the multifaceted
Univision-Televisa relationship announced in December 2001, will initially
distribute five cable networks, including two movie channels and three
channels featuring music videos, celebrity lifestyle, interviews and
entertainment news programming. The channels, which feature Televisa
programming -- the most popular Spanish-language programming in the world
-- are currently available in Mexico, Latin America and Europe, but not in
the United States.
The suite of channels will be available for distribution beginning in the
2002 fourth quarter. Upon launch, the channels will include:
o DE PELICULA AND DE PELICULA CLASICO: Featuring an array of contemporary
and classic movies from a library of dramatic, romantic and comedic
films popular in the Latin community. De Pelicula has earned a loyal
brand following from audiences in Latin America and Spain and is a
ratings leader in its category in Mexico.
o TELEHIT: Featuring entertainment and music-based programming and
specials of the stars of Rock, Alternative and Popular music.
o RITMOSON LATINO : Featuring today's most popular Latin stars from Ricky
Martin to Gloria Estefan to Shakira, in music videos, magazine shows and
concerts.
o BANDAMAX: Featuring the best and brightest stars on the Regional Mexican
music charts, including artists in the Banda, Tex Mex, Mariachi, Norteno
and Country genres.
In a joint statement, Univision and Televisa said: "With more than ten
years of experience working in various capacities in the fields of domestic
and international television, programming, digital and interactive
television and the Internet, Mark Feldman is the ideal executive to lead
these exciting new channels. His strong operating and management skills,
entrepreneurial drive and relationships with key professionals throughout
the industry make him an outstanding choice to introduce the U.S. Hispanic
community to these proven programming formats. We are also delighted that
Carlos Madrazo - who has extensive finance and banking experience in the
U.S. and throughout Latin America - has agreed to join our new venture as
Chief Financial Officer."
"I am thrilled to have an opportunity to work with the world's leading
Spanish-language media companies, Univision and Televisa, to offer
outstanding new programming choices to the U.S. Hispanic community," said
Feldman. "The joint venture's suite of digital networks has already been
distributed throughout Mexico, Latin America and Europe, where it has
gained tremendous popularity. Our program offering - backed by the
resources of the two global leaders in Spanish language media - will
provide a unique opportunity for U.S. cable and satellite operators to
reach the fastest-growing market in the U.S. and to increase digital
television penetration."
Prior to being named Chief Executive Officer of the Univision and Televisa
joint venture, Feldman was the Chief Operating Officer and a member of the
Board of Directors of TVN Entertainment, a leader in the aggregation and
delivery of content for all forms of pay~television. Previously, Feldman
was President and CEO of Magna Entertainment Corp., a publicly traded
company in the business of owning and operating premier horse racing
facilities around the world and developing global interactive gaming. Prior
to Magna Entertainment Corp., Feldman spent nearly eight years as part of
the senior executive team responsible for growing E! Entertainment
Television into a formidable entertainment brand seen in more than 60
million domestic households, most recently serving as Executive Vice
President of all business operations. A graduate of the Boalt Hall School
of Law at the University of California at Berkeley, Feldman began his
career advising on corporate securities, real estate and general business
transactions in the Orange County, California area.
Prior to being named Chief Financial Officer of the Univision and Televisa
joint venture, Madrazo oversaw ING Barings' Latin America Media &
Entertainment investment banking practice. Previously, Madrazo worked at
Chase Securities, where he spent six years in the Global Mergers and
Acquisitions Group. As a founding member of Chase's Latin American Merger
and Acquisition Group, Madrazo helped build one of the leading advisory
teams in the region. Madrazo has an MBA from the University of Notre Dame
and a Bachelor of Arts degree in Economics from Universidad Anahuac in
Mexico City. Prior to his graduate studies, he worked for DuPont in Mexico
City as Assistant Treasurer.
ABOUT UNIVISION
Univision Communications Inc. (NYSE: UVN) is the premier Spanish-language
media company in the United States. Its operations include: Univision
Network, the most-watched Spanish-language broadcast television network in
the U.S. reaching 97% of U.S. Hispanic households; TeleFutura Network, the
new 24-hour general-interest Spanish-language broadcast television network
reaching 73% of U.S. Hispanic Households; Univision Television Group, which
owns and operates 23 television stations; TeleFutura Television Group which
owns and operates 30 television stations; Galavision, the country's leading
Spanish-language cable network; Univision Music Group, which includes the
Univision Music label, Fonovisa Records label, Rudy Perez Enterprises label
and a 50% interest in Mexican based Disa Records label as well as Fonomusic
and America Musical Publishing companies; and Univision Online, the premier
Internet company in the U.S. Hispanic market located at www.univision.com.
Univision Communications is headquartered in Los Angeles with network
operations in Miami and television stations and sales offices in major
cities throughout the United States.
ABOUT GRUPO TELEVISA
Grupo Televisa, S.A. is the largest media company in the Spanish-speaking
world, and a major player in the international entertainment business. It
has interests in television production and broadcasting, programming for
pay television, international distribution of television programming,
direct-to-home satellite services, publishing and publishing distribution,
cable television, radio production and broadcasting, professional sports
and show business promotions, paging services, feature film production and
distribution, dubbing, and the operation of a horizontal Internet portal.
Grupo Televisa also has an unconsolidated equity stake in Univision, the
leading Spanish-language television company in the United States.
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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: November 8, 2002 By /s/ Jorge Lutteroth Echegoyen
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Name: Jorge Lutteroth Echegoyen
Title: Controller, Vice-President