Univision to Be Acquired by Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group, Thomas H. Lee Partners and Saban Capital Group for $13.7 Billion

Univision Communications Inc. (NYSE:UVN), the leadingSpanish-language media company in the U.S., and a group includingMadison Dearborn Partners, Providence Equity Partners, Texas PacificGroup, Thomas H. Lee Partners and Saban Capital Group, today announcedthey have signed a definitive agreement under which the group willacquire Univision for $36.25 per share in cash. The transaction isvalued at approximately $13.7 billion, including the assumption of$1.4 billion in debt.

A. Jerrold Perenchio, Chairman, President and Chief ExecutiveOfficer of Univision, said, "I am delighted to announce thisblockbuster transaction, which provides a unique opportunity todeliver substantial current value to our shareholders, whileestablishing a partnership for Univision and its employees with fiveof the world's preeminent investment firms. This blue-chip groupbrings to Univision in-depth knowledge of the rapidly changing medialandscape and an exceptional track record of supporting growth andenhancing value. The outstanding cash flow multiple our shareholderswill receive reflects the extraordinary growth of the Hispanicpopulation, Univision's unique bond with its community and our abilityto deliver tremendous audiences to our mainstream advertisingpartners. I am proud of all the Univision employees who have, alongwith our partners Televisa and Venevision, contributed to the successand growth of this great company. Univision has a very bright future."

Univision is the nation's fastest-growing media company. Servingthe burgeoning Hispanic community - which is growing five times fasterthan the general population -- Univision has industry-leading marketshare in its television, radio, music and online businesses. With anunmatched array of assets and a unique connection with HispanicAmericans, Univision is ideally positioned to reap additional benefitsfrom the continued rapid growth of the Hispanic population andincreased advertising in Spanish-language media.

Univision's assets include the Univision Network, which ranks asthe #1 Spanish-language television network and fifth largest networkin the country overall regardless of language. Its sister broadcastnetwork TeleFutura ranks as the #2 Spanish-language broadcast networkin key dayparts and demographics, and its cable network Galavision hasbeen the premier Spanish-language cable network for the past decade.Univision's television group is the second largest station group inthe U.S. In addition, Univision's radio stations make up the nation'sleading Spanish-language radio group, Univision Music Group is the #1Latin music company in the U.S., and Univision.com attracts an averageof nearly 9 million monthly unique visitors, making it by far the #1internet portal among Hispanics in the country.

The acquiring group said in a joint statement, "Univision is trulya one-of-a-kind property. It is an outstanding media brand withexceptional positions in the fastest-growing markets in the country,world-class assets, strong management, popular programming andunmatched ratings. This transaction presents a unique opportunity tocontribute to and participate in the continuing growth of the clearleader in Spanish-language media and to further the company'scommitment to serving the Hispanic community. Univision has tremendouslong-term growth opportunities in each of its businesses and we lookforward to working together to build on its success and enhance itsvalue in the years ahead."

The merger agreement has been approved by the Board of Directorsof Univision and is not contingent on financing. The transaction issubject to the approval of Univision shareholders, regulatoryapprovals and customary closing conditions, and is expected to closein the Spring of 2007.

Credit Suisse Securities (USA) LLC and Deutsche Bank as well asBank of America and Wachovia are acting as financial advisors to thebuying group. Weil, Gotshal & Manges LLP and Hogan & Hartson LLP areserving as its legal advisors. UBS Investment Bank is acting asfinancial advisor to Univision and Skadden, Arps, Slate, Meagher &Flom LLP is serving as legal advisor to Univision.

Univision Communications Inc.

Univision Communications Inc. is the premier Spanish-languagemedia company in the United States. Its operations include UnivisionNetwork, the most-watched Spanish-language broadcast televisionnetwork in the U.S. reaching 98% of U.S. Hispanic Households;TeleFutura Network, a general-interest Spanish-language broadcasttelevision network, which was launched in 2002 and now reaches 86% ofU.S. Hispanic Households; Galavision, the country's leadingSpanish-language cable network; Univision Television Group, which ownsand operates 62 television stations in major U.S. Hispanic markets andPuerto Rico; Univision Radio, the leading Spanish-language radio groupwhich owns and/or operates 69 radio stations in 16 of the top 25 U.S.Hispanic markets and 4 stations in Puerto Rico; Univision Music Group,which includes Univision Records, Fonovisa Records, La Calle Recordsand a 50% interest in Mexico-based Disa Records labels as well asFonomusic and America Musical Publishing companies; and UnivisionOnline, the premier Spanish-language Internet destination in the U.S.located at www.univision.com. Univision Communications also has a 50%interest in TuTv, a joint venture formed to broadcast Televisa's paytelevision channels in the U.S., and a non-voting 14.9% interest inEntravision Communications Corporation, a public Spanish-languagemedia company. Univision Communications is headquartered in LosAngeles with television network operations in Miami and television andradio stations and sales offices in major cities throughout the UnitedStates. For more information, please visit www.univision.net.

Madison Dearborn Partners, LLC

Madison Dearborn Partners, based in Chicago, is one of the largestand most experienced private equity investment firms in the world. MDPhas more than $14 billion of equity capital under management and makesnew investments through its most recent fund, Madison Dearborn CapitalPartners V, a $6.5 billion investment fund raised in 2006. MDP focuseson management buyout transactions and other private equity investmentsacross a broad spectrum of industries, including basic industries,communications, consumer, financial services, and health care. Formore information, please visit the MDP website at www.mdcp.com.

Providence Equity Partners Inc.

Providence Equity Partners Inc. is a global private investmentfirm specializing in equity investments in media and entertainment,communications and information companies around the world. Theprincipals of Providence Equity manage funds with over $9 billion inequity commitments and have invested in more than 80 companiesoperating in over 20 countries since the firm's inception in 1990.Providence Equity is headquartered in Providence, Rhode Island andalso has offices in New York and London.

Texas Pacific Group

Texas Pacific Group (www.texaspacificgroup.com), founded in 1992and based in San Francisco, London and Fort Worth, Texas, is a privateinvestment partnership managing over $30 billion in assets. TPG hasextensive experience with public and private investments executedthrough leveraged buyouts, recapitalizations, spinouts, jointventures, and restructurings. TPG seeks to invest in world-classfranchises across a range of industries.

Thomas H. Lee Partners

Thomas H. Lee Partners is one of the oldest and most successfulprivate equity investment firms in the U.S. The firm identifies andacquires substantial ownership positions in growth companies throughleveraged acquisitions, recapitalizations and direct investments.Since its founding in 1974, it has invested over $10 billion of equityin over 100 businesses, built companies of lasting value, andgenerated superior returns for its investors and operating partners.

Saban Capital Group, Inc.

Saban Capital Group, Inc. is a private investment firmspecializing in the media and entertainment industries. Based in LosAngeles, SCG was established in 2001 by Haim Saban, founder of SabanEntertainment, a global television broadcasting, production,distribution, merchandising and music company that was sold to theWalt Disney Corporation in 2001 in a $5.2 billion transaction. Thefirm makes both controlling and minority investments in public andprivate companies throughout the world, including in Germany's biggesttelevision group, Israel's leading broadcasting network and Israel'snational phone company, and adds strategic value through itsestablished relationships and industry experience. In addition, SCGowns and operates a music company, Saban Music Group, which operatesan independent music-publishing company.