TV Azteca and Telemundo Reach Accord to Settle Outstanding Lawsuits

TV Azteca and Telemundo Reach Accord to Settle Outstanding Lawsuits

MEXICO CITY, Dec. 19 /PRNewswire/ -- In a joint release, TV Azteca, S.A. de C.V. and Telemundo Network Group LLC, announced today that they have reached an accord to settle multiple pending litigations.

"Intellectual property is the cornerstone of the television business in any part of the world, and we see this agreement as a step forward in the development of Spanish-language television in the United States and Mexico," said Mario San Roman, CEO of TV Azteca.

In the event that a dispute does arise, both sides have pledged to attempt to resolve issues privately before filing any formal legal action.

Under the agreement, neither party admits any liability for asserted claims in prior litigation and both parties acknowledge each other's contractual rights.

Company Profiles

TV Azteca, operates 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 company for North American Spanish speakers.

TV Azteca is a company of Grupo Salinas (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.

Telemundo, a U.S. Spanish-language television network, is the essential entertainment, news, and sports source for Hispanics. Broadcasting unique national and local programming for the fastest-growing segment of the U.S. population, Telemundo reaches 93% of U.S. Hispanic viewers in 210 markets through its 16 owned-and-operated stations, 36 broadcast affiliates, and nearly 700 cable affiliates. Telemundo is wholly owned by NBC Universal, one of the world's leading media and entertainment companies.

First Call Analyst:
FCMN Contact:

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

CONTACT: Daniel McCosh of Grupo Salinas, +11-5255-1720-0059,
dmccosh@gruposalinas.com

Web site:

www.gruposalinas.com

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