Univision Shareholders Approve Sale

LOS ANGELES, September 27: Univision Communications’
shareholders today approved the sale of the company to an investor group that
includes Madison Dearborn Partners, Providence Equity Partners, Texas Pacific
Group, Thomas H. Lee Partners and Saban Capital Group for $36.25 per share in
cash, or approximately $13.7 billion including the assumption of $1.4 billion
in debt.

At a special meeting of Univision shareholders today, the
merger agreement was approved by more than 80 percent of the shares that voted.
Completion of the transaction is expected in the spring of 2007. It still
remains subject to regulatory approvals and customary closing conditions.