The Latin Recording Academy(R), Eventus & Univision Announce The 2006 Latin Grammy(R)...

The Latin Recording Academy(R), Eventus & Univision Announce The 2006 Latin Grammy(R) Street Parties Presented by Chevrolet, Verizon Wireless & Washington Mutual

Grass-root festivals bring the Latin Grammy(R) experience to top U.S. Hispanic markets


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Miami, FL–(HISPANIC PR WIRE)–September 27, 2006–the Latin Recording Academy(R), Eventus and Univision announce the 2006 Latin GRAMMY(R) Street Parties that are taking place for the fourth consecutive year. The free grassroots events will take place in core Hispanic neighborhoods throughout five top US Hispanic markets. The “Street Parties” will kick off in New York City’s Flushing Meadows Corona Park this Sunday, October 1st, and will continue throughout Chicago (Plaza Garibaldi) October 8th; South Florida (West 16th Ave. between 37th & 41st St., Hialeah) October 15th; Los Angeles (Placita Olvera) October 22nd; culminating in the tour’s newly added market-Dallas (American Airlines Center’s Parking Lot) October 29th.

The 2006 Latin GRAMMY(R) Street Parties are presented by Chevrolet, Verizon Wireless, and Washington Mutual. The ever growing music series will continue to feature performances by some of Latin music’s hottest artists while serving as a launching pad for emerging talent representing various genres, including Reggaeton, Regional Mexican, Pop, Spanish Rock, and Tropical.

“We are proud to continue celebrating The Latin GRAMMY Street parties with great success for four years in a row” said Gabriel Abaroa, LARAS’ President. “This celebration allows the Latin GRAMMYs to connect with people through music and creates –at the same time– a great plattform to promote great performers in front of their natural audiences. All of this around a great common language: Music.”

The “Street Parties” capture the excitement surrounding the Latin GRAMMY(R) Awards by offering an interactive setting for attendees to experience live entertainment, sponsor display areas, and product sampling.

“The Latin GRAMMY(R) Street Parties continue to grow each year, offering artists, consumers and sponsors with not only an event, but an experience. We are proud of the program’s evolution as the premier national Latino music series, reaching hundreds of thousands of Latinos across the country through music-an integral part of our culture,“ said Eventus’ President & CEO Nelson Albareda. “We are excited to continue working with the Latin Recording Academy, Univision, and our sponsors toward achieving tremendous success,” he added.

The Latin GRAMMY(R) Street Parties are the cornerstone for the Road to the Latin GRAMMY’s, a one-month-long celebration highlighting the enthusiasm, quality and diversity of U.S. Hispanic cultural communities, culminating with the prominent 7th Annual Latin GRAMMY(R) Awards in New York City on November 2nd, 2006, airing on UNIVISION (8 – 11 p.m. ET/PT).

“Univision has always taken great pride in its close connection with the communities served by our local stations,” said Jeff Apodaca, Vice President, Integrated Sales & Marketing, Univision. “These ‘Street Parties’ are another great opportunity to make that special connection and bring the excitement of the Latin GRAMMYs to our viewers in an up-close and personal way.”

In addition to its U.S. broadcast, the 7th Annual Latin GRAMMY(R) Awards will be broadcast in approximately 100 countries worldwide.

Media partners for The Latin GRAMMY Street Parties include: Univision TV, Univision Radio, Univision Online, El Nuevo Herald, Al Dia, Impremedia’s La Raza Newspaper, El Diario/La Prensa, and La Opinion.

About The Latin Recording Academy

The Latin Recording Academy(R) is a membership-based organization comprised of recording artists, musicians, producers and other creative and technical recording professionals who are dedicated to improving the quality of life and cultural conditions for Latin music and its makers. In addition to producing the Latin GRAMMY(R) Awards to honor excellence in the recording arts and sciences, the Latin Recording Academy(R) provides educational and human services programs to the Latin music community. For more information about the Latin Recording Academy(R) and its programs, please visit http://www.GRAMMY.com/latin_academy/.

About Eventus

Eventus Marketing, Inc. is a national full-service Hispanic event marketing and promotional group with corporate offices in Miami. Its mission is to continuously deliver innovative event properties and integrated promotional programs targeting the U.S. Hispanic market. For more information on Eventus, visit http://www.eventusmarketing.com.

About Univision

Univision Communications Inc. is the premier Spanish-language media company in the United States. Its operations 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; Galavisión, 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 owns 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 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 http://www.univision.net.

Additional Information about the Acquisition and Where to Find It

Univision Communications Inc (the “Company”) has filed a proxy statement and other documents regarding the proposed acquisition of the Company by Umbrella Acquisition Inc. (“Umbrella”) with the Securities and Exchange Commission. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE COMPANY AND THE PROPOSED MERGER. A definitive proxy statement has been sent to security holders of the Company seeking their approval of the transaction. Investors and security holders may obtain a free copy of the definitive proxy statement and other documents filed by the Company with the SEC at the SEC’s website at http://www.sec.gov. The definitive proxy statement and other relevant documents may also be obtained free of charge on the Company’s website at 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.

About Chevrolet

Chevrolet is America’s No. 1-selling automotive brand. With the largest dealer network in the United States, Chevy is the leader in full-size trucks and the leader in sales of vehicles priced $35,000 and above. Chevrolet delivers more-than-expected value in every vehicle category, offering cars and trucks priced from $9,995 (Aveo) to $78,175 (Corvette Z06). Chevy delivers expressive design, spirited performance and great value with standard features usually found only on more expensive vehicles.

About Verizon Wireless

Verizon Wireless owns and operates the nation’s most reliable wireless network, serving 54.8 million voice and data customers. Headquartered in Basking Ridge, N.J., Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at http://www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

About Washington Mutual

Washington Mutual, through its subsidiaries, is one of the nation’s leading consumer and small business banks. At June 30, 2006, Washington Mutual and its subsidiaries had assets of $350.70 billion. The company has a history dating back to 1889 and its subsidiary banks currently operate more than 2,600 consumer and small business banking stores throughout the nation. Washington Mutual’s press releases are available at http://newsroom.wamu.com.

The Latin Recording Academy(R), Eventus & Univision Announce The 2006 Latin Grammy(R) Street Parties Presented by Chevrolet, Verizon Wireless & Washington Mutual