Univision Music Group Completes Acquisition of Fonovisa Creating a Leading Latin Music Company...

Entertainment Editors/Music Writers

LOS ANGELES--(ENTERTAINMENT WIRE)--April 19, 2002

Univision Communications Inc.(NYSE:UVN):

Univision Music Group To Include Hot Latin Music Labels

Univision, Fonovisa and Disa

Univision Communications Inc. (NYSE: UVN), the leading Spanish-language media company in the United States, today announced that the Univision Music Group (UMG) has completed its acquisition of Fonovisa Records, creating the leading Latin music company in the U.S. and Puerto Rico with more than a 35% market share.

UMG is also one of the leading Latin music companies in Mexico through its joint venture with Disa Records. As part of the transaction, UMG also acquired Fonomusic and America Musical Publishing companies, which it will integrate into the newly formed Univision Music Publishing division.

Less than one year after the successful launch of UMG, the Company now includes well-established Latin music labels Fonovisa Records, Univision Music and a 50% interest in Disa Records through the Univision Music Group-Mexico. These labels produce the best Spanish and English-language artists with Latin influences and cross-over appeal. In recent months, Fonovisa Records and Univision Music artists have dominated the Regional Mexican Billboard charts. In addition, Univision artist Pilar Montenegro has been #1 on Billboard's `Hot Latin Tracks' chart for the past five weeks.

"Latin music is achieving phenomenal popularity, both in the U.S. and around the world," said Jose Behar, President and Chief Executive Officer, UMG. "With its long history of representing the finest Latin artists, Fonovisa is an incredible addition to the Univision Music Group and we are thrilled to now include this prominent label under the UMG umbrella. Together with Disa Records - which is run by the remarkable Chavez family - and the Univision Music label, UMG's three-label platform secures our position as the #1 Latin music company in the U.S., Mexico and Puerto Rico and positions us for continued growth throughout Europe, Asia and the rest of the world. This powerful platform is complemented by the promotional clout of the Univision, TeleFutura and Galavision Networks and Univision Online as well as by the strength of our distribution partner, Universal Music and Video Distribution."