Univision Announces Results to Date of Its Tender Offer for Its 7.850% Senior Secured Notes due 2011 and Related Consent Solicitation

Univision Communications Inc. (the “Company”) today announced that, pursuant to the terms of its previously announced tender offer to purchase up to $500,000,000 aggregate principal amount of its outstanding 7.850% Senior Secured Notes due 2011 and consent solicitation for consents to certain proposed amendments to the indenture governing such notes (the “Indenture”), holders of $491.4 million aggregate principal amount of the outstanding notes (approximately 98.3%) have validly tendered their notes and have validly delivered the requisite consents for the proposed amendments prior to the expiration of the early tender time of 5:00 pm, New York City time, on June 23, 2009. The consents received exceed the number needed to approve the proposed amendments to the Indenture. The terms of the tender offer and consent solicitation are detailed in the Company’s offer to purchase and consent solicitation statement and a related letter of transmittal, each dated as of June 10, 2009.

Holders of these notes that are accepted for purchase will receive the total consideration of $1,000 per $1,000 principal amount of notes, which includes a consent payment of $30 per $1,000 principal amount of notes, plus any accrued and unpaid interest up to, but not including, the settlement date. As of the early tender time, the right of holders of notes to receive the total consideration of $1,000 per $1,000 principal amount of notes for validly tendered notes and validly tendered consents and the right to withdraw any previously tendered notes terminated.

Holders of notes that are validly tendered after the foregoing early tender time but on or prior to the expiration of the tender offer and consent 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. The tender offer and consent solicitation will expire at 12:00 midnight, New York City time, on July 8, 2009, unless extended, and, subject to the satisfaction of the conditions set forth in the offer to purchase and consent solicitation, the Company expects to accept for purchase and settle all notes tendered on July 9, 2009.

Based on the consents received, the Company and the trustee under the Indenture are expected to enter into a supplemental indenture that will, once operative, 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 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 Company’s 12% Senior Secured Notes due 2014, which are expected to be issued on July 9, 2009. The supplemental indenture will not become operative unless and until the notes are accepted for purchase, which, subject to the satisfaction of the conditions set forth in the offer to purchase and consent solicitation, is expected to occur promptly following the acceptance of notes for payment on July 9, 2009.

This news release is neither an offer to purchase nor a solicitation of an offer to sell any notes. The tender offer and consent solicitation are being made pursuant to the offer to purchase and consent solicitation statement and related letter of transmittal, copies of which will be delivered to all holders of the notes. Persons with questions regarding the tender offer or consent solicitation should contact one of the following dealer managers and solicitation agents — Deutsche Bank Securities LLC at (212) 250-5655 (collect) or Banc of America Securities, LLC at (888) 292-0070 (toll free) or (646) 855-3401 (collect) — or the Information Agent, MacKenzie Partners, Inc., at (800) 322-2885 (toll free) or (212) 929-5500 (collect). “

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