TV Azteca Settles With the SEC

TV Azteca Settles With the SEC

MEXICO CITY, Sept. 14 /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 today that the US Securities and Exchange Commission (SEC) has agreed to settle its disputes with the company, its parent company (Azteca Holdings), Ricardo B. Salinas and Pedro Padilla.

The settlement does not entail economic consequences for TV Azteca or Azteca Holdings. Ricardo B. Salinas and Pedro Padilla will bear the monetary costs resulting from the agreement.

TV Azteca concludes today a two-year long legal dispute, and expects the settlement to provide with further efficiencies to the company, additionally strengthening its financial position and operations. "We are pleased with the benefits that an agreement with no cost for TV Azteca brings to the value of the investment of all our shareholders, and to the upcoming performance of the company," commented Mario San Roman, CEO of TV Azteca.

The company expects the agreement to be approved by the US District Court of DC in the near future.

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 Azteca Web, 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.

Source: TV Azteca

CONTACT: Investor Relations, Bruno Rangel, +52-55-1720-9167,
jrangelk@tvazteca.com.mx, or Marcia San Romam, +52-55-1720-0041,
msromang@tvazteca.com.mx, both of TV Azteca; or Press Relations, Tristan
Canales, +52-55-1720-1441, tcanales@gruposalinas.com.mx, for TV Azteca, or
Daniel McCosh of TV Azteca, +52-55-1720-0059, dmccosh@tvazteca.com.mx

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

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