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 October, 2003

                            GRUPO TELEVISA, S.A.
             -------------------------------------------------
              (Translation of registrant's name into English)

     Av. Vasco de Quiroga No. 2000, Colonia Sante Fe 01210 Mexico, D.F.
   ---------------------------------------------------------------------
                  (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 12g-3-2(b): 82 .)





[LOGO - TELEVISA]                                             PRESS RELEASE
                                                      FOR IMMEDIATE RELEASE


              THE PRESIDENT OF MEXICO ISSUED DECREE PROVIDING
                FISCAL STIMULUS FOR PAY TELEVISION COMPANIES


Mexico City, October 30, 2003-- Grupo Televisa, S.A. (NYSE:TV; BMV: TLEVISA
CPO) announced that the President of Mexico published today a decree in the
official Mexican Gazette,  that grants a fiscal stimulus for pay-television
companies equivalent to 100% of the special  telecommunications tax (excise
tax). The decree becomes effective November 1, 2003.

This  decree  will  benefit  Grupo  Televisa's  pay-television  operations,
including  Empresas   Cablevision,   S.A.  de  C.V.,  the  company's  Cable
Television   segment,   as  well  as  Innova,  S.  de  R.L.  de  C.V.,  the
non-consolidated   business  of  Televisa  that   provides   Direct-to-Home
satellite  television  services,  under the SKY brand name.

The  Ministry  of  Finance  and  Public  Credit  will  issue  rules for the
implementation of the decree.

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.

This  press  release  contains  forward-looking  statements  regarding  the
Company's  results and prospects.  Actual  results could differ  materially
from these statements. The forward-looking statements in this press release
should be read in  conjunction  with the factors  described in "Item 3. Key
Information - Forward-Looking Statements" in the Company's Annual Report on
Form 20-F,  which,  among  others,  could  cause  actual  results to differ
materially from those contained in forward-looking  statements made in this
press release and in oral  statements  made by  authorized  officers of the
Company.  Readers  are  cautioned  not to  place  undue  reliance  on these
forward-looking statements, which speak only as of their dates. The Company
undertakes no obligation to publicly  update or revise any  forward-looking
statements,  whether  as a result  of new  information,  future  events  or
otherwise.

                                    ###

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