Univision Releases First Quarter Results

NEW YORK, May 11: Univision Communications has recorded a
first-quarter loss of $67 million, versus its $53.9 million profit last year,
on revenues of $437.3 million, a 9 percent gain on Q1 2006.

CEO Joe Uva noted: "Univision achieved both financial
and operational success in the first quarter, further bolstering its
industry-leading position and providing a springboard for the company's
exciting future under new ownership. As we head into the Upfront, we are well
positioned for continued growth, with Univision as the fifth largest television
network in the country and TeleFutura beating Telemundo in prime time for the
first time in its history. We are eager to further evolve our relationships
with clients by allowing them to tap into the years of trust, respect and
cultural connection Univision has built with Hispanic Americans through a
creative and flexible approach."

Andrew W. Hobson, the senior executive VP, chief financial
officer and chief strategic officer, added: "Our advertising-related
businesses continued to fuel the company's results in the first quarter, with
net revenue growth in our television, radio and online divisions significantly
out performing their respective industry growth rates, compared to last year.”

Television revenues rose to $340.9 million from $323.2
million, while radio revenues rose to $86.9 million and Internet revenues were
up from $6.9 million to $9.5 million.