TV Azteca Accumulates Distributions to Shareholders of US$473 Million Since June 2003

TV Azteca Accumulates Distributions to Shareholders of US$473 Million Since June 2003

- Distributes US$68 Million in Cash Today -

- Aggregate Amount Equivalent to a 26% Yield -

MEXICO CITY, May 23 /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 it made today a US$68 million cash distribution to shareholders, equivalent to US$0.02 (Ps.0.25) per CPO.

As previously announced, TV Azteca Shareholders' Meetings held on February 20 and April 28 approved distributions for an aggregate amount of US$90 million to be paid during 2006, which include the payment made today and another of US$22 million programmed for November 22.

Today's cash disbursement is part of the Company's ongoing plan to allocate a substantial portion of TV Azteca's cash generation to distributions to shareholders of over US$500 million within a six-year period that began in June 2003.

The distributions under the cash-usage plan made to date represent an aggregate amount of US$473 million, equivalent to a 26% yield based on the May 22, 2006, CPO closing price. Prior distributions include: US$125 million 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 broadcast television network focused on the rapidly growing U.S. Hispanic market, and Todito.com, 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
+ 52 (55) 1720 9167
jrangelk@tvazteca.com.mx

Marcia San Roman
+ 52 (55) 1720 0041
msromang@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 Marcia San Roman, +011-52-55-1720-0041, or
msromang@tvazteca.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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Profile: International Entertainment