¡Univision Sold!

Univision Communications Inc. announced the completion of its acquisition by Broadcasting Media Partners Inc. (“BMP”), an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners, and Saban Capital Group, for $36.25 per share in cash. The transaction was originally announced on June 27, 2006.

Univision Communications Inc. common stock ceased trading on the New York Stock Exchange before the opening of the market today and will no longer be listed.

A. Jerrold Perenchio, Univision’s Chairman and Chief Executive Officer, commented, “I would like to express my deep gratitude to all of Univision’s employees for their many contributions to the Company’s success and for their devotion to its mission of providing quality news, information, and entertainment to Hispanic audiences throughout the U.S. I am enormously proud of all that Univision has accomplished since 1992 and look forward to following the next phase of its growth, which will undoubtedly be characterized by continued success under the leadership of its new owners.”

BMP commented, “We are extremely pleased to have achieved a successful and timely closing of our acquisition of Univision, a terrific company with a unique position in the U.S. media landscape. We look forward to working with the Company’s newly appointed CEO, Joe Uva, and Univision’s talented management team and employees to take full advantage of the enormous opportunities the Company will have in the years ahead. We share Joe’s commitment to maintaining Univision’s unique connection with and commitment to serving the needs of the burgeoning U.S. Hispanic community.”

“Univision has a rich and impressive history, and I am very excited to join the Company in partnership with its new owners, who have a proven track record of growing successful media companies,” said Uva. “Jerry Perenchio and his management team have done an exceptional job of building Univision into the premier Spanish-language media company and the fifth largest network overall. Univision’s programming quality and audience loyalty are second to none, creating unmatched opportunities for advertisers to successfully reach the U.S. Hispanic community. I look forward to working with Univision’s senior management team, employees, Televisa and other programming and industry partners, as well as the entire BMP team to build on the Company’s leadership position while continuing to be Hispanic America’s first choice for information and entertainment.”