Univision announces tender offer for its 7.850% Senior Secured Notes due 2011.

Univision Communications Inc. (the “Company”), announced that its has commenced a tender offer to purchase up to $500,000,000 aggregate principal amount of its outstanding 7.850% Senior Secured Notes due 2011. In conjunction with the tender offer, the Company has also commenced a solicitation for consents to certain proposed amendments to the indenture governing the notes. The tender offer and solicitation are being made pursuant to an offer to purchase and consent solicitation statement and a related letter of transmittal, each dated as of June 10, 2009. The tender offer and solicitation will expire at 12:00 midnight, New York City time, on July 8, 2009, unless extended.

Holders of notes that are validly tendered prior to the early tender time of 5:00 pm, New York City time, on June 23, 2009 and accepted will receive the total consideration of $1,000 per $1,000 principal amount of notes, which includes a consent payment of $30.00 per $1,000 principal amount of notes, plus any accrued and unpaid interest up to, but not including, the settlement date.

Holders of notes that are validly tendered after the foregoing consent date but on or prior to the expiration of the tender offer and solicitation and accepted will receive the tender offer consideration of $970 per $1,000 principal amount of notes, plus any accrued and unpaid interest up to, but not including, the settlement date. Holders of notes tendered after the consent date will not receive the consent payment.

The proposed amendments will amend the indenture to allow the Company (other than during the existence of an event of default under the indenture) to eliminate the liens covenant in the indenture at its option, and to release the collateral relating to the notes. The proposed amendments will also eliminate the reporting and certain other covenants and will waive the applicability of the liens covenant in the indenture as to the new financing described below. If less than any and all notes validly tendered are accepted for payment, the proposed amendments will not take effect except as to the amendment in connection with the waiver of applicability of the liens covenant as discussed above. Holders who tender their notes pursuant to the tender offer are obligated to consent to the proposed amendments to the notes with respect to the entire principal amount of notes tendered by such holders. Holders of notes may not deliver consents in the solicitation without tendering the related notes in the tender offer.

The tender offer and the solicitation are contingent upon the tender of at least 75% of the outstanding principal amount of notes and the consummation of a refinancing transaction in which the Company obtains new financing in an amount sufficient to purchase at least 75% of the outstanding aggregate principal amount of notes. The principal amount of notes to be purchased will be limited to the net proceeds from the new financing. If the aggregate principal amount of notes tendered exceeds the limit, notes purchased will be prorated. Notes not accepted for purchase in the offer will be returned to the tendering holders. The Company may amend, extend or terminate the tender offer and solicitation in its sole discretion.