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 August, 2007
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-3-3(b): 82.)
Press
Release
FOR
IMMEDIATE
RELEASE
GRUPO
TELEVISA ANNOUNCES THAT CABLESTAR HAS
SIGNED
AN AGREEMENT TO ACQUIRE BESTEL
Mexico
City, August 31, 2007 – Grupo Televisa, S.A.B. (“Televisa”; NYSE:TV; BMV:TLEVISA
CPO), today announced that Cablestar, S.A. de C.V. (“Cablestar”), has signed an
agreement to acquire the majority of the assets of Bestel, a privately
held,
facilities-based telecommunications company in Mexico, for US$256 million
in
cash plus an additional capital contribution of US$69 million, for a total
cash
amount of US$325 million.
Bestel
focuses on providing data and long-distance services solutions to carriers
and
other telecommunications service providers in both Mexico and the United
States.
The company owns a fiber-optic network of approximately 8,000 kilometers
that
covers the most important cities and economic regions of Mexico as well
as the
states of Texas and California in the United States. The company is able
to
provide connectivity between the United States and Mexico, a key
advantage.
Cablestar
is owned 70% by Empresas Cablevisión, S.A.B. (“Cablevisión”; BMV: CABLE) in
which Televisa owns a 51% stake; 15% by Televisión Internacional, S.A. de C.V.,
which is based in Monterrey, and 15% by Cablemás, S.A. de C.V.
The
transaction is subject to certain conditions, including the approval of
regulatory authorities in Mexico.
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, publishing and publishing distribution,
cable
television, radio production and broadcasting, professional sports and
live
entertainment, feature film production and distribution, gaming, and the
operation of a horizontal internet portal. Grupo Televisa also owns an
unconsolidated equity stake in La Sexta, a free-to-air television venture
in
Spain.
###
Investor
Relations
Contacts: Media
Relations Contacts:
Michel
Boyance
Manuel Compeán
Alejandro
Eguiluz
Tel: (5255) 5728 3815
María
José
Cevallos
Fax: (5255) 5728 3632
Tel:
(5255)
5261-2445
mcompean@televisa.com.mx
Fax:
(5255)5261-2494
http://www.televisa.com
ir@televisa.com.mx
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
August 31, 2007
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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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