FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                    Pursuant to Rule 13a-16 or 15d-16 of the
                             Securities Act of 1934

                          For the month of October 2004

                                 MULTICANAL S.A.
             (Exact name of Registrant as specified in its charter)

                                MULTICHANNEL S.A.
                 (Translation of Registrant's name into English)

                                   Avalos 2057
                         (1431) Buenos Aires, Argentina
                    (Address of principal executive offices)


Indicate by check mark whether the registrant files or will file annual reports
under cover of 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 thereby furnishing the information to the
Commission pursuant to Rule 12g-3-2(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 12g3-2(b):

                          82 -                         .
                               ------------------------


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                                                   Buenos Aires, October 4, 2004

Messrs.
Buenos Aires Stock Exchange
---------------------------

                                                      Reference: MULTICANAL S.A.
                             Acuerdo Preventivo Extrajudicial ("APE") Proceeding
-------------------------------------------------------------------------------

Dear Sirs,

               Martin G. Rios, in my capacity as Person in Charge of Market
Relations on behalf of Multicanal S.A. (the "Company"), proof of such
representation previously filed, with a registered domicile established at
Avenida Juana Manso 205, 1st Floor, Federal Capital City, addresses this letter
to the Exchange to let you know that the Company was notified today of the
decision rendered by the Court of Commercial Appeals, Chamber "A," affirming the
ruling dated April 14, 2004 issued in the case captioned "Multicanal S.A. s/
Acuerdo Preventivo Extrajudicial" under the jurisdiction of the National Court
of First Instance in Commercial Matters No. 4, Clerk's Office No. 8,
confirming the Acuerdo Preventivo Extrajudicial filed by the Company.

               The Company shall keep this Exchange informed of all relevant
facts with respect to the APE.



               Yours sincerely,



                                   Martin G. Rios

<PAGE>

                                    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.

                                               MULTICANAL S.A.



Buenos Aires, Argentina, October 5, 2004       By: /s/ Adrian Meszaros
                                                   -----------------------
                                                    Adrian Meszaros
                                                    Chief Financial Officer