Telemundo, Televisa in Exclusive Distribution Deal

NEW YORK/MEXICO CITY, March 17: Grupo Televisa has reached
an exclusive agreement to distribute content from NBC Universal's Telemundo
across multiple platforms in Mexico, including broadcast TV, pay TV and
emerging digital platforms.

Beginning in April, Televisa's Channel 9 will broadcast more
than 1,000 hours a year of Telemundo's original programming. In addition to the
broadcast platform, Televisa will distribute a new pay-TV channel to be
launched later this year by Telemundo, featuring Telemundo-branded
entertainment and news content. Televisa will provide distribution for the
pay-TV channel in Mexico, including its DBS platform Sky and cable system
Cablevision, reaching more than 2 million households at launch. The license
agreements for Televisa's Channel 9 and the new pay-TV channel will have an
initial term of 10 years, respectively.

Televisa and Telemundo are also expected to sign agreements
to distribute Telemundo’s content in Mexico through emerging platforms like
Internet, mobile phones, home video and VOD.

Alfonso de Angoitia, the executive VP of Grupo Televisa,
said: "This agreement enhances our ability to offer a compelling value
proposition by enabling us to bring together exciting content with extensive
distribution options. By using Telemundo's high-quality, popular programming,
Televisa's Channel 9 will have the opportunity to achieve substantially
enhanced revenues and profitability over the long term in a highly cost
efficient manner. Telemundo’s new pay-TV channel will be a great addition to
Televisa’s current pay-TV channel offering. We look forward to building a solid
relationship with NBC Universal and Telemundo and are excited about the
opportunities our companies can realize in Mexico working together.”

Jeff Zucker, the president and CEO of NBC Universal, added:
"This is an important agreement between two global leaders in
Spanish-language media. Together, Telemundo's content and Televisa's
distribution strength in Mexico will give viewers exciting new options for
entertainment content. Telemundo remains an important part of our international
strategy, and this is just the latest step in its dynamic growth. "

"This deal is a great affirmation of Telemundo's
success in producing high quality original content," said Don
Browne, the president of Telemundo Communications Group. "This
landmark agreement is another milestone in our long-term objective to reach
Hispanic audiences all over the world with our high-quality original
productions. With this new
distribution platform in Mexico, we will also benefit from cross-border
dynamics, with families and friends coming together around their shared interest
in popular programs which will now reach both Mexican and U.S. Hispanic
audiences."

Telemundo has stepped up its original-programming
initiatives in recent years in a bid to take on the U.S. Hispanic market leader
Univision, which takes much of its prime-time lineup of telenovelas from
Televisa as part of a pact that expires in 2017.

—By Irene Lew