AMENDMENT NO. 4 (THE "AMENDMENT") TO EMPLOYMENT AGREEMENT BETWEEN THE UNIVISION NETWORK LIMITED PARTNERSHIP ("UNLP") AND RAY RODRIGUEZ, (AS PREVIOUSLY AMENDED, THE "EMPLOYMENT AGREEMENT")

                     AMENDMENT NO. 4 (THE "AMENDMENT") TO
                         EMPLOYMENT AGREEMENT BETWEEN
      THE UNIVISION NETWORK LIMITED PARTNERSHIP ("UNLP") AND ▇▇▇ ▇▇▇▇▇▇▇▇▇, 
              (AS PREVIOUSLY AMENDED, THE "EMPLOYMENT AGREEMENT") 

                               January 1, 1999

To:  ▇▇▇ ▇▇▇▇▇▇▇▇▇
     c/o UNLP

Dear Ray:

     Your Employment Agreement will expire on December 31, 2000 (the "Term"). 
UNLP desires to extend the Term for an additional one-year period.  You and 
we hereby agree to amend the Employment Agreement as follows:

     1.  TERM.  The Term is hereby extended for an additional one-year 
period.  The Employment Agreement shall expire on December 31, 2001, unless 
earlier terminated in accordance with the terms set forth in the Employment 
Agreement.

     2.  SALARY.  Your annual Base Salary rate shall be: Six Hundred Fifty 
Thousand Dollars ($650,000) for calendar year 1999; Seven Hundred Thousand 
Dollars ($700,000) for calendar year 2000; and Eight Hundred Thousand Dollars 
($800,000) for calendar year 2001. 

     3.  OTHER.  Except as provided in this Amendment, all other terms and 
conditions set forth in the Employment Agreement shall remain in full force 
and effect, and the parties hereby ratify and confirm the Employment 
Agreement, as amended hereby.

     4.  EFFECTIVE DATE OF AMENDMENT.  Upon its execution by you and UNLP, 
this Amendment shall become effective as of the date first written above.

     5.  EXCLUSIVITY.  During the Term, Employee shall not directly or 
indirectly enter into any discussions or negotiations with anyone other than 
Employer for the performance of services by Employee after the expiration of 
the Term.  Employee will negotiate in good faith exclusively with Employer if 
Employer elects to seek an extension or renewal of Employee's Employment 
Agreement prior to the expiration of the Term.

     Please indicate your agreement to this Amendment to the Employment 
Agreement by signing in the space provided below.

                                       THE UNIVISION NETWORK
                                       LIMITED PARTNERSHIP

                                       By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
                                          -------------------------
                                          ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
                                          Chief Financial Officer

I have read the preceding Amendment and agree to its terms and conditions:


/s/ ▇▇▇ ▇▇▇▇▇▇▇▇▇
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