TV Azteca Shareholders Will Receive One Grupo Iusacell Share for Every 96 Company CPOs on July 16

TV Azteca Shareholders Will Receive One Grupo Iusacell Share for Every 96 Company CPOs on July 16

MEXICO CITY, July 9 /PRNewswire-FirstCall/ -- TV Azteca, S.A. de C.V. (BMV: TVAZTCA; Latibex: XTZA; Pink Sheets: AZTEF.PK), one of the two largest producers of Spanish-language television programming in the world, announced that, as previously detailed, the company shareholders will receive one share of Grupo Iusacell -- wireless telecommunications service provider in Mexico with nationwide coverage -- for every 96 TV Azteca CPOs. The distribution represents an approximate yield of 17% per TV Azteca CPO, based on the closing price of the Grupo Iusacell share and the Company CPO on Friday, July 6.

The ex-coupon date will be July 10, thus, the holders of TV Azteca CPOs at the end of the operations of the Mexican Stock Market (BMV) that day will receive Grupo Iusacell shares on July 16.

According to BMV regulations, on July 10 after market's close, the price of the Company's CPO will be adjusted by the value that represents the market price of one Grupo Iusacell share as a proportion of the closing market price of 96 TV Azteca CPOs on the same day.

Once the corresponding value of Grupo Iusacell's share is deducted from the TV Azteca CPO, a public auction, among all interested market participants, will be held thirty minutes prior the opening of the market of July 11 to determine the opening price of the Company's CPO.

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 U.S. Hispanic market, and Azteca Web, an Internet company for North American Spanish speakers.

TV Azteca is a company of Grupo Salinas (http://www.gruposalinas.com/), a group of dynamic, fast growing, and technologically advanced companies focused on creating shareholder value, and improving society through excellence. Created by Mexican entrepreneur Ricardo B. Salinas, Grupo Salinas operates as a management development and decision forum for the top leaders of member companies.

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. Other risks that may affect TV Azteca and its subsidiaries are identified in documents sent to securities authorities.

Investor Relations:
Bruno Rangel Marcia San Roman
+ 52 (55) 1720 9167 + 52 (55) 1720 0041
jrangelk@tvazteca.com.mxmsromang@tvazteca.com.mx

Press Relations:
Tristan Canales Daniel McCosh
+ 52 (55) 1720 1441 + 52 (55) 1720 0059
tcanales@gruposalinas.com.mxdmccosh@tvazteca.com.mx

First Call Analyst:
FCMN Contact: msromang@tvazteca.com.mx

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

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

Web site:

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

-------
Profile: intent