UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                  FORM 6-K

        REPORT OF FOREIGN ISSUER PURSUANT TO RULES 13a-16 OR 15d-16
                 UNDER THE SECURITIES EXCHANGE ACT OF 1934

                      For the month of September 2003

                      Commission File Number: 333-7484

                         INNOVA, S. de R.L. de C.V.
           ----------------------------------------------------
              (Translation of registrant's name into English)

    Insurgentes Sur 694 Piso 8, Col. Del Valle 03100 Mexico, D.F. Mexico
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                  (Address of principal executive offices)



     (Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.)

             Form 20-F   X                                  Form 40-F
                       -----                                          -----

     (Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.)

               Yes                                           No   X
                   -----                                        -----


     (If "Yes" is marked indicate below the file number assigned to the
registrant in connection with Rule 12g-3-2(b): 82 .)



                                 SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                        INNOVA, S. de R.L. de C.V.
                                        -----------------------------------
                                                  (Registrant)


Dated:  September 15, 2003              By      /s/ Carlos Ferreiro Rivas
                                           --------------------------------
                                        Name:   Carlos Ferreiro Rivas
                                        Title:  Chief Financial Officer



[LOGO - SKY]


FOR IMMEDIATE RELEASE
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                         INNOVA SUCCESFULLY PRICES
                           U.S. $300 MILLION BOND

Mexico  City,  September  12,  2003 -  Innova,  S.  de R.L.  de C.V.  today
announced that it  successfully  priced a U.S. $300 million  10-year Senior
Notes offering with a coupon rate of 9.375%.

The net proceeds  from the Senior  Notes will be used to refinance  part of
the  existing  Innova's  12 7/8%  bond  that  matures  in 2007.  With  this
transaction,  Innova  strengthens its financial  profile and will lower its
cost of borrowing.

The securities  have not been  registered  under the Securities Act of 1933
and may not be offered or sold in the United States absent  registration or
an applicable exemption from registration requirements.


INNOVA,  S. DE R.L. DE C.V., is a joint venture  indirectly  owned by Grupo
Televisa,  S.A., a Mexican corporation  ("Televisa"),  The News Corporation
Limited, an Australia corporation ("News  Corporation"),  and Liberty Media
International  Inc., a Delaware  corporation  ("Liberty Media"),  (formerly
known as  Tele-Communications  International,  Inc.). For more information,
please visit www.sky.com.mx.

GRUPO TELEVISA  S.A., is the largest media company in the  Spanish-speaking
world, and a major player in the international  entertainment  business. It
has interests in television  production and  broadcasting,  programming for
pay  television,  international  distribution  of  television  programming,
direct-to-home satellite services,  publishing and publishing distribution,
cable television,  radio production and broadcasting,  professional  sports
and show business promotions,  paging services, feature film production and
distribution,  dubbing,  and the operation of a horizontal Internet portal.
Grupo Televisa also has an  unconsolidated  equity stake in Univision,  the
leading Spanish-language  television company in the United States. For more
information, please visit www.televisa.com.

NEWS CORPORATION,  is a diversified  international  media and entertainment
company with operations in seven industry segments:  filmed  entertainment;
television;  cable network programming;  magazines and inserts; newspapers;
book  publishing;  and  other.  The  activities  of  News  Corporation  are
conducted principally in the United States, the United Kingdom,  Australia,
Asia  and  the  Pacific   Basin.   For  more   information,   please  visit
www.newscorp.com.

LIBERTY MEDIA  INTERNATIONAL,  owns and operates broadband cable television
and  telephony  distribution  networks  and is a  provider  of  diversified
programming   services  in  Europe,   Latin  America  and  Asia.  For  more
information, please visit www.libertymedia.com.

This  press  release  contains  forward-looking  statements  regarding  the
Company's  results and prospects.  Actual  results could differ  materially
from these statements. The forward-looking statements in this press release
should be read in conjunction  with the factors  described in "Item 3. Risk
Factors" in the Company's  Annual Report on Form 20-F,  which among others,
could cause actual results to differ materially from those contained in any
oral  statements  made by authorized  officers of the Company.  Readers are
cautioned not to place undue reliance on these forward-looking  statements,
which speak only as of their dates. The Company undertakes no obligation to
publicly  update or revise  any  forward-looking  statements,  whether as a
result of new information, future events or otherwise.

Contact:

CARLOS FERREIRO
Chief Financial Officer
Innova, S. de R.L. de C.V.
Insurgentes Sur No.694
Col. del Valle
Mexico City, 03100
(5255) 5448-4131
cferreiro@sky.com.mx
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