May 12, 2009

Univision Communications Inc. announced that it has reached an agreement with a group of its bank lenders to amend its senior secured credit agreement (the “Credit Agreement”).

The proposed amendment will relax the financial covenant contained in the Credit Agreement and specify the amount of certain benefits used in the calculation of the Company’s EBITDA for the purposes of complying with the financial covenant.

The Company has engaged Deutsche Bank Securities Inc. and Banc of America Securities LLC as joint arrangers in connection with the amendment.

The amendment is conditioned on, among other things, the payment of an amendment fee to revolving lenders who consent to the amendment on or prior to June 16, 2009, and repayment (with simultaneous reductions in the related commitments) of revolving loans in an amount equal to $150 million, reducing the Company’s revolving credit facility to $600 million. The Company intends to make this repayment with cash on hand. In order for the amendment to become effective, all conditions must be satisfied by 5:00 p.m. (New York City time) on June 19, 2009.

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