Univision Communications, Inc.
Ticker: UVN 1999 Avenue of the Stars, Suite 3050
Exchange: New York Stock Exchange Los Angeles, California 90067
Industry: Service (310) 556-7600

Type of Shares:Class A Common Shares Filing Date:6/19/96
U.S. Shares:8,170,000 Offer Date:9/26/96
Non-U.S. Shares:0 Filing Range:$19.00 - $21.00
Primary Shares:8,170,000 Offer Price:$23.00
Secondary Shares:0 Gross Spread:$1.55
Offering Amount: $163,400,000 Selling:$0.93
Expenses:$1,055,000 Reallowance:$0.10
Shares Out After:41,386,680

ManagerTierPhone
Donaldson, Lufkin & Jenrette Securities Corp.Lead Manager (212) 504-4525
Goldman, Sachs & Co.Co-manager (212) 902-1172
Merrill Lynch & Co.Co-manager (212) 449-4600
Morgan Stanley & Co. IncorporatedCo-manager (212) 703-4797

Auditor: Arthur Andersen
Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
12/31/95 6/30/96 6/30/95 6/30/96
Revenue:$321.34$170.86$152.70Assets:$882.14
Net Income:$7.20$12.02$2.60Liabilities:$658.94
EPS:Equity:$223.20

Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
The company is the leading Spanish language television broadcaster in the United States. The Company's Network, which is the most watched television network among Hispanic households, provides the Univision Affiliates with 24 hours per day of Spanish language programming with a prime time schedule of substantially all first run programming throughout the year. As a leading, vertically-integrated television broadcaster, Univision owns and operates 11 full power and seven low power UHF stations, representing approximately 78% of its Network broadcast distribution. The full power O&Os; are located in 11 of the top 14 designated market areas in terms of number of Hispanic households. The Company has Affiliation Agreements with an additional nine full power and 12 low power Affiliated Stations and approximately 740 Cable Affiliates .

Use of Proceeds
The proceeds from the proposed offering will be used to repay debt and decrease the company's 11.75% senior subordinated notes, a portion of the funds will also be distributed to the network's partners and stockholders.

Last updated: 11/27/96

©1996 IPO Data Systems, Inc. - All rights reserved.