TV Azteca Shareholders Approve US$88 Million in Cash Distributions

TV Azteca Shareholders Approve US$88 Million in Cash Distributions

MEXICO CITY, Feb. 20 /PRNewswire-FirstCall/ -- TV Azteca, S.A. de C.V. (BMV: TVAZTCA) (Latibex: XTZA), one of the two largest producers of Spanish- language television programming in the world, announced that in a shareholders meeting held today in the company's headquarters in Mexico City, shareholders approved cash distributions for an aggregate amount of US$88 million to be paid during 2006. A payment of US$66 million is scheduled to be made on May 23, and another of approximately US$22 million on November 22.

The distributions are part of the company's plan for uses of cash that entails distributions of over US$500 million and reductions in TV Azteca's debt by approximately US$250 million within a six-year period that started in June 2003.

The cash distributions made to date, when added to the upcoming disbursements of US$88 million, represent an aggregate amount of US$493 million, equivalent to a 24% yield on the February 17, 2006 CPO closing price.

Distributions made to date consist of the following amounts: US$125 million paid on June 30, 2003; US$15 million on December 5, 2003; US$33 million on May 13, 2004; US$22 million on November 11, 2004; US$130 million on December 14, 2004; US$59 million on June 9, 2005; and US$21 million on December 1, 2005.

Company Profile

TV Azteca is one of the two largest producers of Spanish-language television programming in the world, operating two national television networks in Mexico, Azteca 13 and Azteca 7, through more than 300 owned and operated stations across the country. TV Azteca affiliates include Azteca America Network, a new broadcast television network focused on the rapidly growing US Hispanic market, and Todito, an Internet portal for North American Spanish speakers.

Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Risks that may affect TV Azteca are identified in filings with securities authorities.

Investor Relations:
Bruno Rangel
+011-52-55-1720-9167
jrangelk@tvazteca.com.mx

Rolando Villarreal
+011-52-55-1720-0041
rvillarreal@gruposalinas.com.mx

Press Relations:
Tristan Canales
+011-52-55-1720-1441
tcanales@gruposalinas.com.mx

Daniel McCosh
+011-52-55-1720-0059
dmccosh@tvazteca.com.mx

Source: TV Azteca, S.A. de C.V.

CONTACT: Investor Relations, Bruno Rangel, +011-52-55-1720-9167, or
jrangelk@tvazteca.com.mx, or Rolando Villarreal +011-52-55-1720-0041, or
rvillarreal@gruposalinas.com.mx, or Press Relations, Tristan Canales,
+011-52-55-1720-1441, or tcanales@gruposalinas.com.mx, or Daniel McCosh,
+011-52-55-1720-0059, or dmccosh@tvazteca.com.mx

Web site: http://www.tvazteca.com.mx/

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