Grupo Televisa dissapointed with Univision Board action.

Grupo Televisa, S.A. is disappointed about the outcome of the Univision auction. Televisa stated that after repeated offers to discuss all aspects of the proposal including price, Univision and its advisers refused to enter into any discussions with Televisa after they submitted their initial bid. Televisa stated that they will vigorously pursue other options in the growing U.S. Hispanic marketplace.