HispanicBusiness

LOS ANGELES, California, April 18 - Univision Communications Inc. announced today it has entered the music recording and publishing businesses through the creation of the Univision Music Group. The new Univision division will be led by music industry veteran, Jose Behar, and will be headquartered in Los Angeles.

Univision has also reached an agreement to acquire a 50% interest in Monterrey, Mexico-based Disa Records, S.A. de C.V., the second largest independent Spanish-language record label in the world, from the Chavez family.

The Chavez family will maintain a 50% ownership in Disa Records and will continue to manage the business. Terms of the transaction were not disclosed.

Univision also announced it entered into an exclusive distribution agreement with Universal Music Group, a unit of Vivendi Universal (Paris Stock Exchange and NYSE: V), in the United States and Puerto Rico, and an exclusive licensing agreement with Universal outside the United States and Puerto Rico. Disa Records has also reached a distribution agreement with Universal in the United States and Puerto Rico. In Mexico, Disa Records will continue to function as a fully integrated record label.

"Univision's entry into Spanish-language music is a natural extension of our business and clearly positions the Company as a broad-based, multifaceted entertainment company," said A. Jerrold Perenchio, Chairman and Chief Executive Officer of Univision. "Our agreement with Disa, which has a successful history of representing many of the leading regional Mexican artists, combined with our exclusive arrangement with Universal Music Group, will give Univision an immediate presence in the music industry and an outstanding platform to leverage our strong brand and reach throughout the world."

Disa Records currently represents more than 50 artists, including Los Angeles Azules, Grupo Bryndis, Liberacion, El Poder del Norte, Los Cardenales de Nuevo Leon, Los Askis, Los Llayras, Palomo, Rayito Colombiano, Miguel y Miguel, Los Reyes del Camino, Luis y Julian, Viento y Sol, Hector Montemayor, La Tropa Ballenata and Vagon Chicano. The Company also has a vast editorial library as well as an extensive music catalog that contains masters from such artists as Los
Temerarios, Bronco, Los Acosta, Los Traileros del Norte, Tropical Panama, Samuray and many other artists.

Zach Horowitz, President and Chief Operating Officer, Universal Music Group said, "We are delighted that Univision and Disa have chosen to form this strategic alliance with the Universal Music Group. The arrangement makes Universal the clear No.2 distributor of Latin music in the U.S. The Chavez family has already built Disa into a powerhouse and the label is poised for even greater growth with the clout of Univision and Universal's distribution company behind it. We are also thrilled to help in the launch of the new Univision record label. Jose Behar has proven himself especially adept at developing Latin artists with international appeal. Our new global arrangement with him and Univision will allow us to participate in their success."

Prior to joining Univision, Jose Behar was President and Chief Executive Officer of EMI Latin Records from 1989 to March 2001. Under Behar's leadership, EMI Latin was responsible for discovering and/or developing the careers of such top talents as Selena, Jon Secada, Barrio Boyzz, Intocable, Kumbia Kings, Los Tucanes de Tijuana, Carlos Ponce, Oscar De La Hoya, Graciela Beltran, Vico C, Millie, Thalia, Carlos Vives, JYVE V and Ednita Nazario, among others, in addition to special projects such as the 1996 Olympics CD, Voces Unidas, an
all-star lineup of Latin superstars featuring Gloria Estefan, Julio Iglesias and Placido Domingo.

About Univision

Univision Communications Inc. (NYSE: UVN), the leading Spanish-language television broadcast company in the United States, reaches 92 percent of U.S. Hispanic households through its owned-and-operated stations. These include Univision Network, the most-watched Spanish-language television network in the U.S.; Univision Television Group, which owns and operates 12 full-power and 7 low-power television stations, including full-power stations in 11 of the top 15 U.S. Hispanic markets; Galavision, the country's leading Spanish-language cable network and Univision Online. Univision is headquartered in Los Angeles, with network operations in Miami, and television stations and sales offices in major cities throughout the United States.

About Disa Records, S.A. de C.V.

Disa Records is a privately-held record label founded and managed by the Chavez family of Monterrey, Nuevo Leon, Mexico. Under the expert direction of Domingo Chavez Moreno and German, Mauricio and Patricia Chavez, and as a result of management's ability to discover and develop new artists, over its 30-year history Disa has evolved from a regional company to a successful global record label.

About Universal Music Group

Universal Music Group is the world's leading music company with wholly-owned record operations or licensees in 63 countries around the world. Its businesses also include Universal Music Publishing Group, one of the industry's largest global music publishing operations. Universal Music Group consists of record labels A&M Records, Decca Record Company, Deutsche Grammophon, Geffen Records, Interscope Records, Island Def Jam Music Group, Jimmy and Doug's Farmclub.com, MCA Nashville, MCA Records, Mercury Records, Motown Records, Philips, Polydor, Universal Records, and Verve Music Group as well as a multitude of record labels owned or distributed by its record company subsidiaries around the world. The Universal Music Group owns the most extensive catalog of music in the industry which is marketed through two distinct divisions, Universal Music Enterprises (in the U.S.) and UM3 (outside the U.S.). Universal Music Group is a unit of Vivendi Universal, a global media and communications company.