Univision Announces the Expiration of its Tender Offer for its 9.75%/10.50% Senior Notes due 2015

Univision Announces the Expiration of its Tender Offer for its 9.75%/10.50% Senior Notes due 2015

NEW YORK, Feb. 22, 2011 /PRNewswire/ -- Univision Communications Inc. ("Univision") announced today that its previously announced cash tender offer to purchase any and all of its outstanding 9.75%/10.50% Senior Notes due 2015 (the "Notes") expired at midnight, New York City time, on Friday, February 18, 2011 (the "Expiration Time"). As of the Expiration Time, $68,485,248 aggregate principal amount of the Notes were validly tendered and not validly withdrawn (the "Tendered Notes"). The Tendered Notes were tendered prior to the early tender time of 5:00 p.m., New York City time, on February 4, 2011 (the "Early Tender Time"), and Univision accepted and settled all of the Tendered Notes on January 7, 2011. No additional Notes were tendered after the Early Tender Time and prior to the Expiration Time.

Pursuant to the terms of the tender offer, Notes not tendered in the tender offer will remain outstanding, and the terms and conditions governing the Notes, including the covenants and other provisions contained in the indenture governing the Notes, will remain unchanged. Univision has delivered a redemption notice for any all outstanding Notes pursuant to the terms of the indenture governing the Notes, and all remaining outstanding Notes will be redeemed on March 15, 2011.

About Univision Communications:

Univision Communications Inc. (UCI) is the premier media company serving the U.S. Hispanic community. Its assets include Univision Network, one of the top five networks in the U.S. regardless of language and the most-watched Spanish-language broadcast television network in the U.S. reaching 95% of U.S. Hispanic Households; TeleFutura Network, a general-interest Spanish-language broadcast television network, reaching 85% of U.S. Hispanic Households; Galavision, the country's leading Spanish-language cable network; Univision Studios, which produces and co-produces reality shows, dramatic series and other programming formats for the Company's platforms; Univision Local Media, which owns and/or operates 62 television stations and 70 radio stations in major U.S. Hispanic markets and Puerto Rico; Univision Interactive Media, which includes Univision.com, the leading Spanish-language Internet destination in the U.S., and Univision Movil, the industry's most comprehensive Spanish-language suite of mobile offerings; and TuTv, U.S. outlet for pay television channels of Mexico-based Grupo Televisa. Headquartered in New York City, UCI has television network operations in Miami and television and radio stations and sales offices in major cities throughout the United States. For more information, please visit www.univision.net.

This document contains forward-looking statements that involve risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements include: adverse conditions in the capital markets; changes in federal or state securities laws; and changes in our business and financial condition. The Company assumes no obligation to update forward-looking information contained in this press release.

SOURCE Univision Communications Inc.

Univision Communications Inc.

CONTACT: Univision Communications Inc.: Andrew W. Hobson, +1-212-455-5263

Web Site: http://www.univision.net

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