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Univision Announces 2008 First Quarter Results

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“ Communications Inc., the leading media company in the United States, today announced financial results for the first quarter ended March 31, 2008. For the first quarter, net revenue increased 5.8% to $458.8 million in 2008 from $433.7 million in 2007. Adjusted operating income before depreciation and amortization2 increased 2.8% to $150.9 million in 2008 from $146.8 million in 2007. The companys music recording and publishing business3 as well as certain non-core assets have been reported as discontinued operations for all periods presented and are not included in the above results.

Joe Uva, Chief Executive Officer, said, I am pleased that achieved another period of positive results with both our and businesses substantially outperforming the broadcast industry. The Network attracted more young adults than CBS to rank as the #4 network for the entire quarter among young adults, continues to deliver exceptional audience share growth and improvement in rank in key markets, and Online forged important partnerships with CNET, the NFL and Wireless to leverage and build on its unmatched popularity among U.S. Hispanics.

Uva continued, Looking to the 2008-2009 Upfront, we feel confident in our competitive position. We are excited to bring the new ROI tool developed with to the market, which will provide marketers with valuable viewing data fused with purchase information to help accurately target consumers, maximize their advertising spending and grow their businesses.

Andrew W. Hobson, Chief Financial Officer, said, Our and businesses continued to grow in the first quarter with our revenue growth significantly outperforming the overall broadcast industry.

The following tables set forth the Companys unaudited financial performance for the three months ended March 31, 2008:

Unaudited

In millions

Three Months Ended March 31,

Net Revenues

OIBDA4

2008

2007

2008

2007

$365.2 $340.9 $129.6 $119.4

85.8

83.4 22.0 26.4
Internet 7.8 9.4 (0.7) 1.0
Consolidated $458.8 $433.7 $150.9 $146.8

2007 amounts represent a predecessor basis of accounting.

HIGHLIGHTS

Network

The following table sets forth the total primetime audience and ranking of the countrys leading broadcast and cable networks for the first quarter 2008, as measured by s National Index (NTI):

Total U.S. Primetime Network Audience
1st Quarter 2008
Rank* Network Adult 18-34

Avg. Audience (000)

Adult 18-49

Avg. Audience (000)

1 FOX 3,232 7,161
2 ABC 1,336 3,308
3 NBC 1,284 3,339
4 1,163 1,990
5 CBS 1,147 3,274
6 TBS 692 1,176
7 CW 639 1,153
8 USA 556 1,229
9 MTV 490 630
10 CMDY 475 707
Source: Media Research, NTI, 12/31/07-03/30/08 Live+SD data.

Primetime defined as M-Sa 8-11p, Su 7-11p.

*By Adults 18-34

The Network out delivered CBS to rank as the #4 network in the country in primetime among Adults 18-34 in the first quarter, as measured by s NTI. In the first quarter, delivered more viewers than either ABC, CBS, NBC or FOX on nine out of every 10 nights or more than 90% of the time in primetime among Adults 18-34. Among Adults 18-49, ranked as the #5 network in the country in primetime and delivered more 18-49 year old viewers than either ABC, CBS, NBC or FOX on one out of every three nights in the first quarter. maintained its strong results on Friday nights in the first quarter, ranking as the #1 network for the entire night on more than 75% of the Fridays in the quarter among Adults 18-34.

During the first quarter, s blockbuster Al Diablo con Los Guapos (Down With the Beautiful) propelled the network to the #2 spot among all networks in the country during the highly competitive 8:00 p.m. 9:00 p.m. weeknight hour among Adults 18-34. also broadcast the most-watched Premio Lo Nuestro awards show in its history during the quarter, reaching 12 million total viewers and increasing Adult 18-34 viewership 11% over last year. In addition, underscoring the importance of s weeknight network news to Hispanic Americans, Noticiero achieved a record-breaking audience level of 1.3 million Adults 18-49, representing a viewership increase of 5% over first quarter last year while the other major network evening news programs experienced an average decline in viewership of 7%.

Locally, during the 2008 first quarter, stations were ranked as the #1 station in any language in primetime among Adults 18-34 in Los Angeles, Houston, and Bakersfield. s primetime block outdelivered the competition among Adults 18-49 in Los Angeles, Houston, and Bakersfield. In total day, stations were ranked as the #1 station in any language in Los Angeles, Houston, Dallas, , Austin and Bakersfield among Adults 18-34 and in Los Angeles, Houston, and Bakersfield among Adults 18-49.

Network

continued its viewership growth in the 2008 first quarter, increasing its primetime audience 6% among Adults 18-34 and 3% among Adults 18-49, and its total day audience 13% among Adults 18-34 and 5% among Adults 18-49, compared to first quarter last year. During the first quarter, was the #2 network, behind only , in weekday daytime, weekend daytime, early morning and late fringe among Adults 18-34, Adults 18-49 and Persons 2+. Additionally, s primetime movie block increased its popularity, growing its audience 11% among Adults 18-34 and 10% among Adults 18-49, compared to first quarter last year.

Locally, during the 2008 first quarter, stations were ranked as the #2 stations in primetime among Adults 18-34 in Chicago, Houston, San Antonio and Sacramento, and among Adults 18-49 in Los Angeles (tie), Chicago, Houston, San Antonio, Sacramento and Tucson (tie). In total day, stations were ranked as the #2 station among Adults 18-34 in Los Angeles, Chicago, Houston, Dallas, San Antonio, Sacramento, (tie), Austin (tie), Tucson (tie) and Bakersfield, and among Adults 18-49 in Los Angeles, Chicago, Houston, Dallas, San Antonio, Phoenix (tie), Sacramento, Austin (tie), Tucson (tie) and Bakersfield (tie).

Galavisión Network

The Galavisión Network delivered its strongest ever first quarter performance in primetime and total day, achieving audience increases of 14% in primetime and 17% in total day among Adults 18-49 compared to first quarter last year. Galavisión remained the #1 cable network among U.S. Hispanics during the quarter, attracting nearly double the Adult 18-49 audience of its closest competitor among the other individually rated cable networks in primetime.

HIGHLIGHTS

s net revenue grew 2.9% in the first quarter of 2008, compared to an average decline of 4.8% in the markets we operate in according to Miller Kaplan. In the Arbitron Winter 2008 , s outstanding programming and effective cross promotion with s local stations resulted in audience share growth and improvement in rank among Adults 18-34 and Adults 25-54 in key markets. In Los Angeles, maintained its leadership position with KLVE and KSCA ranking as the #1 and #2 stations in the market respectively, among Adults 25-54. s New York station cluster posted notable audience share increases of 14% among Adults 18-34 and 38% among Adults 25-54, compared to the same period last year. In San Francisco, KSOL maintained its #1 ranking in the market among Adults 18-34. Additionally, had the #1 station among Adults 18-34 and Adults 25-54 in Dallas, Phoenix, and Puerto Rico.

INTERNET HIGHLIGHTS

Online unique visits increased by 16% compared to the first quarter last year. In addition, video streams increased 68% in the quarter compared to a year ago, driven by streamlined usage features and the recent launch of the sites new video portal. During the first quarter, Univision.com announced a partnership with CNET to provide Univision.com users with access to a special mini-site for product reviews, breaking news about technology and original videos to help Spanish-speakers navigate and learn about todays digital world. Additionally, Online announced a partnership with the National League to jointly manage and operate NFLatino.com, powered by Univision.com, the official website of the NFL.

“*

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