ABC News and Univision News Plan to Join Forces to Create Pioneering Joint Venture - Multiplatform News and Information Service

  ABC News and Univision News Plan to Join Forces to Create Pioneering Joint
  Venture - Multiplatform News and Information Service for U.S. Hispanics

Leading Media Company Serving Hispanic America and Global Network News Leader
 Intend to Serve and Empower Youngest and Fastest-Growing Demographic in the
                    U.S. at 50 Million Strong and Growing

       On-Air and Digital Offerings in English Will Deliver Culturally
      Relevant Content Featuring ABC News and Univision News Anchors and
                                Correspondents

Business Wire

NEW YORK -- May 07, 2012

ABC News and Univision News today announced they have agreed in principle to
form a far-reaching, multiplatform joint venture dedicated to informing,
empowering and inspiring Hispanic Americans in English while providing all
audiences with uncompromising coverage of current events with a unique
perspective. The landmark agreement would capitalize on Univision’s news
leadership and expertise in reaching U.S. Hispanics and ABC’s global news
leadership to serve over 50 million Hispanics, the youngest and
fastest-growing demographic in the U.S. The new 24/7 network will include
America’s first English-language channel for English-dominant and bilingual
Hispanics as well as integrated digital and social platforms. It will deliver
news content focused on issues, lifestyle interests and culture of importance
to Hispanics and will feature the trusted, award-winning journalists of ABC
News and Univision News. Now for the first time Hispanic Americans will have a
choice for uncompromising coverage of current events and lifestyle with a
Latino perspective in English. The transaction is subject to the completion of
definitive agreements.

Currently, Hispanics represent 16 percent of the total population in the
United States, a number that is projected to double to 30 percent by 2050.
Hispanics are the fastest growing segment of the population, wield
considerable spending power of over $1 trillion, and have an increasing impact
on social, economic and political trends.

“This exciting joint venture represents the latest example of our long-term
strategy to broaden the reach of ABC. Our powerful premier news brand,
combined with the world’s leading Hispanic media company, will create the
nation’s first news and lifestyle channel targeted to this quickly expanding
and important community,” said Anne Sweeney, co-chair, Disney Media Networks
and president, Disney/ABC Television Group.

“For more than five decades Univision has been the leader in serving Hispanics
in the U.S. and this joint venture is an extension of our vision to deliver
the most relevant news and information, regardless of language, to all
Hispanics,” Cesar Conde, president, Univision Networks. “This alliance
combines the expertise and brand strength of Univision News with ABC News’
leadership and is another example of Univision’s commitment to serving and
empowering Hispanic America while connecting all audiences to Latino issues.”

“All of us at ABC News are thrilled to work with Univision,” said Ben
Sherwood, president, ABC News. “Our mission is clear: To offer culturally
relevant news, information and lifestyle programming to the large and thriving
Latino audience in the United States. In these times of rapid change, we are
very excited about this opportunity.”

“Univision News is proud to be working with ABC News in this groundbreaking
venture to further deliver global news and investigative reporting to the
fastest growing segment of the U.S. population which today is one of the most
important influencers on the future of the United States and its role in the
world,” said Isaac Lee, president, Univision News. “It will also provide all
audiences with a multiplatform current events perspective on the issues that
matter most to Latinos. This is an important moment for journalism in the U.S.
and for the U.S. Hispanic community.”

A website, mobile and social media content are expected to debut this summer.
The currently unnamed television channel is expected to launch in 2013.
Editorial coverage will focus on the issues most relevant for U.S. Hispanics,
including the economy, jobs, health care, immigration, education, politics,
entertainment, health and wellness and more.

A management team is expected to be announced this summer. The network will
have anchors and correspondents in major cities across the U.S. Additionally,
ABC News and Univision News will share newsgathering and production resources.

About ABC News

ABC News delivers a big picture understanding of the world to empower and
inspire viewers to make confident decisions for themselves and their
families.More people get their news from ABC News than from any other source.
ABC News is responsible for all of the ABC Television Network’s news
programming on a variety of platforms: television, radio, and the
Internet.With an average television and radio audience of 180 million people
in a given month, ABC News surpasses the competition.More than 2,400 affiliate
stations broadcast ABC News Radio’s global news coverage.In addition, ABC News
NOW is a 24-hour news and information network currently available to 44
million users across cable, broadband, and mobile platforms. NewsOne, the
affiliate news service of ABC News, provides live and packaged news, sports,
and weather reports, as well as footage of news events, to 200 ABC affiliates
and more than 30 domestic and international clients.
http://abcnews.go.com/blogs/headlines/press-release/

About Univision News

Univision’s award-winning News division is committed to informing the
country’s fastest growing segment across all media platforms, including TV,
Radio, and Interactive. Hispanics count with the latest and most relevant
content that impact the community through: Univision’s evening, late evening
and weekend national newscasts, “Noticiero Univision”; political Sunday
affairs program, “Al Punto”; newsmagazine programs “Aquí y Ahora” and “Primer
Impacto”; as well as morning news on “Despierta America.” Univision also hosts
statewide public affairs shows, “Voz y Voto,” in Texas and California. In the
last year, Univision has strengthened its news team and expanded its news
operations by adding Investigative and Documentary Units.

About Univision Communications Inc.

Univision Communications Inc. (UCI) is the leading media company serving
Hispanic America. Its assets include Univision Network, one of the top five
networks in the U.S. regardless of language and the most-watched
Spanish-language broadcast television network in the country reaching 96% of
U.S. Hispanic households; TeleFutura Network, a general-interest
Spanish-language broadcast television network reaching 88% of U.S. Hispanic
households; Univision Cable Networks, including Galavisión, the country’s
leading Spanish-language cable network, as well as Univision tlnovelas, a new
24-hour cable network dedicated to novelas, Univision Deportes Network, a new
24-hour cable network dedicated to sports and a suite of six cable offerings -
De Película, De Película Clásico, Bandamax, Ritmoson, Telehit and Clásico TV;
Univision Studios, which produces and co-produces reality shows, dramatic
series and other programming formats for the Company’s platforms; Univision
Television Group, which owns and/or operates 62 television stations in major
U.S. Hispanic markets and Puerto Rico; Univision Radio, the leading Hispanic
radio group which owns and/or operates 69 radio stations in 16 of the top 25
U.S. Hispanic markets and Puerto Rico; Univision Interactive Media, a network
of national and local online and mobile sites including Univision.com, which
continues to be the #1 most-visited Spanish-language website among U.S. online
Hispanics, Univision Móvil, a longstanding industry-leader with unique,
relevant mobile products and services, and Univision Partner Group, a
specialized advertising and publisher network. Headquartered in New York City,
UCI has 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.

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Contact:

Univision
Monica Talan, 212-455-5331
mtalan@univision.net
or
Rosemary Mercedes, 212-455-5335
rmercedes@univision.net
or
ABC News
Jeffrey Schneider, 212-456 3587
jeffrey.w.schneider@abc.com
or
Julie Townsend, 212-456 4934
julie.townsend@abc.com