TV Azteca Press Release

TV Azteca Press Release

MEXICO CITY, July 1 /PRNewswire-FirstCall/ -- TV Azteca, S.A. de C.V. (NYSE:TZA) (BMV: TVAZTCA) (Latibex: XTZA), one of the two largest producers of Spanish-language television programming in the world, announced today that it has submitted a Form 12b-25 to the U.S. Securities and Exchange Commission for late filing of its Annual Report on its Form 20-F, for the year ended December 31, 2004.

The company was not able to file its Annual Report on time since PriceWaterhouseCoopers, TV Azteca's former independent auditors, has not given consent to incorporate historical audited financials under US GAAP in the Report, resulting in delays in the preparation of the Annual Report on Form 20-F for 2004. As was announced last November, the company's board of directors appointed Salles, Sainz-Grant Thornton, S.C., as the new independent auditing firm for TV Azteca, replacing PriceWaterhouseCoopers.

The company noted that, on June 30, 2005, it filed its Spanish-language annual report with the Mexican National Securities and Banking Commission as required under Mexican law. That report included TV Azteca's audited consolidated 2004 financial statements prepared in accordance with Mexican GAAP and certified by Salles, Sainz-Grant Thornton, S.C. TV Azteca expects to complete an English translation of that report promptly and furnish it to the U.S. Securities and Exchange Commission on Form 6-K. TV Azteca cannot reasonably estimate when it will be in a position to file its Annual Report on Form 20-F for 2004.

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 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 its Form 20-F and other filings with the US Securities and Exchange Commission.

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

CONTACT: Investor Relations, Bruno Rangel, +011-52-55-1720-9167, jrangelk@tvazteca.com.mx, or Rolando Villarreal, +011-52-55-1720-0041, rvillarreal@gruposalinas.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, all of TV Azteca

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

------- Profile: Ent