09-01-2006

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"Noticias Univision 41 Al Despertar" was seen by 95,000 New York area viewers (1.0 NSI rating and 10 share) aged 18 to 49 years old. WABC-TV's "Eyewitness News This Morning" placed second with 62,000 viewers (0.7/7 NSI rating/share) aged 18 to 49. Among those aged 25 to 54, 97,000 New York TV viewers (1.1/11) tuned into "Noticias Univision 41 Al Despertar" while 67,000 (0.8/8) tuned into second place "Eyewitness News This Morning." 

Univision Communications Inc. is the premier Spanish-language media company in the United States. Its operators include Univision Network, the most-watched Spanish-language broadcast television network in the U.S. reaching 99% of U.S. Hispanic Households; TeleFutura Network, a general-interest Spanish-language broadcast television network, which was launched in 2002 and now reaches 87% of U.S. Hispanic Households; Galavision, the country's leading Spanish-language cable network; Univision Television Group, which owns and operates 62 television stations in major U.S. Hispanic markets and Puerto Rico; Univision Radio, the leading Spanish-language radio group which 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 Records and a 50% interest in Mexico-based Disa Records as well as Fonomusic and America Musical Publishing companies; and Univision Online, the premier Spanish-language Internet destination in the U.S. located at www.univision.com <http://www.univision.com/> . Univision Communications also has a 50% interest in TuTv, a joint venture formed to broadcast Televisa's pay television channels in the U.S., and a non-voting 14.9% interest in Entravision Communications Corporation, a public Spanish-language media company. Univision Communications is headquartered in Los Angeles with television network operations in Miami and television and radio stations and sales offices in major cities throughout the United States.                   

For more information, please visit www.univision.net http://www.univision.net.

Additional Information about the Acquisition and Where to Find It

Univision Communications Inc (the "Company") will file a proxy statement and other documents regarding the proposed acquisition of the Company by Umbrella Acquisitions Inc. ("Umbrella") with the Securities and Exchange Commission. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE PROPOSED MERGER. A definite proxy statement will be sent to security holders of the Company seeking their approval of the transaction. Investors and security holders may obtain a free copy if the definite proxy statement (when available) and other documents filed by the Company with the SEC at the SEC's website at www.sec.gov <http://www.sec.gov/>. The definite proxy statement and other relevant documents may also be obtained free of charge on the Company's website at www.univision.net <http://www.univision.net/> or by directing a request to Univision Communications Inc., 1999 Avenue of the Stars, Suite 3050, Los Angeles, CA 90067, Attention: Investor Relations.

The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of the Company in connection with the acquisition. Information about the Company and its directors and executive officers can be found in the Company's Proxy Statements and Annual Reports on Form 10-K filed with the SEC. Additional information regarding the interests of those persons may be obtained by reading the proxy statement when it becomes available.