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<SEC-DOCUMENT>0000895345-07-000721.txt : 20071226
<SEC-HEADER>0000895345-07-000721.hdr.sgml : 20071225
<ACCEPTANCE-DATETIME>20071226151515
ACCESSION NUMBER:		0000895345-07-000721
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20071221
FILED AS OF DATE:		20071226
DATE AS OF CHANGE:		20071226

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRUPO TELEVISA, S.A.B.
		CENTRAL INDEX KEY:			0000912892
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEVISION BROADCASTING STATIONS [4833]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12610
		FILM NUMBER:		071326467

	BUSINESS ADDRESS:	
		STREET 1:		AV VASCO DE QUIROGA 2000
		STREET 2:		COLONIA SANTA FE
		CITY:			MEXICO, D.F.
		STATE:			O5
		ZIP:			01210
		BUSINESS PHONE:		(5255) 52612000

	MAIL ADDRESS:	
		STREET 1:		AV VASCO DE QUIROGA 2000
		STREET 2:		COLONIA SANTA FE
		CITY:			MEXICO, D.F.
		STATE:			O5
		ZIP:			01210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRUPO TELEVISA S A
		DATE OF NAME CHANGE:	19931202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRUPO TELEVISA S A DE CV
		DATE OF NAME CHANGE:	19931001
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
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        AND EXCHANGE COMMISSION</strong></font></div>
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        D.C. 20549</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>FORM
        6-K</strong></font></div>
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        OF FOREIGN ISSUER PURSUANT TO RULES 13a-16 or 15d</strong></font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">-</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><strong>16</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><strong>UNDER
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        the
        month of December, 2007</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><strong>GRUPO
        TELEVISA, S.A.B.</strong></font></div>
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              <td align="left" valign="top" width="43%" style="BORDER-BOTTOM: black 2px solid">&#160;</td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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                  Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico,
                  D.F.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        by check mark whether the registrant files or will file annual reports under
        cover Form 20-F or Form 40-F.)</font></div>
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                    20-F</font></div>
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                    40-F</font></div>
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        by check mark whether the registrant by furnishing the information contained
        in
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        Rule
        12g3-2(b) under the Securities Exchange Act of 1934.)</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
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                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">x</div>
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        <div style="DISPLAY: block; MARGIN-LEFT: 90pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 90pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">(If
&#8220;Yes&#8221;
        is marked indicate below the file number assigned to the registrant in
        connection with Rule 12g-3-2(b): 82.)</font></div>
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              <td align="left" valign="top" width="80%" style="BORDER-BOTTOM: black double">&#160;</td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          </div>
        </div>
        <div id="HDR"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          </strong></font></div>
        <div><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
          Press Release</strong></font></div>
        <div><strong><font size="5">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">FOR
          IMMEDIATE RELEASE</font></strong></div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><img src="grupowithlineandswirl.jpg" alt=""><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><strong>TELEVISA
          PREVAILS OVER UNIVISION ON</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><strong>SUMMARY
          JUDGMENT MOTION</strong></font></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Mexico
          City, December 21, 2007 &#8211; Grupo Televisa, S.A.B. (&#8220;Televisa&#8221;; NYSE:TV;
          BMV:TLEVISA CPO), today reported that The Honorable Philip S. Gutierrez,
          U.S.
          District Judge in Los Angeles, has denied Univision&#8217;s Motion for Partial Summary
          Judgment. Univision sought a judgment from the Court that its claimed breaches
          of the long-term Program License Agreement between the two companies were
          not
          material and therefore not subject to termination by Televisa.</font></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
          denying Univision&#8217;s motion, the Court stated that the record is &#8220;replete&#8221; with
          evidence of &#8220;the bad faith motivations in Univision&#8217;s conduct towards
          Televisa&#8230;.&#8221;</font></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Attached
          is the Court&#8217;s opinion.</font></div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Grupo
          Televisa, S.A.B., is the largest media company in the Spanish-speaking
          world and
          a major participant in the international entertainment business. It has
          interests in television production and broadcasting, production of pay
          television networks, international distribution of television programming,
          direct-to-home satellite services, publishing and publishing distribution,
          cable
          television, radio production and broadcasting, professional sports and
          live
          entertainment, feature film production and distribution, gaming, and the
          operation of a horizontal internet portal. Grupo Televisa also owns an
          unconsolidated equity stake in La Sexta, a free-to-air television venture
          in
          Spain.</em></font></div>
        <div>&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">###</font></div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td align="justify" valign="top" width="47%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Investor
                    Relations Contacts:</font></div>
                </td>
                <td align="justify" valign="top" width="35%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Media
                    Relations Contacts:</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="47%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Michel
                    Boyance</strong></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Mar&#237;a
                    Jos&#233; Cevallos</strong></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Tel:
                    (5255) 5261-2445</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Fax:
                    (5255)5261-2494</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>ir@televisa.com.mx</u></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>http://www.televisa.com</u></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>http://www.televisair.com</u></font></div>
                </td>
                <td align="left" valign="top" width="35%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Manuel
                    Compe&#225;n</strong></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Tel:
                    (5255) 5728 3815</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Fax:
                    (5255) 5728 3632</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>mcompean@televisa.com.mx</u></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>http://www.televisa.com</u></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>&#160;</div>
      </div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">SIGNATURE</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pursuant
          to the requirements of the Securities Exchange Act of 1934, the registrant
          has
          duly caused this report to be signed on its behalf by the undersigned,
          thereunto
          duly authorized.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td align="left" valign="top" width="40%">
                </td>
                <td align="left" colspan="3" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">GRUPO
                    TELEVISA, S.A.B.</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="40%">&#160;</td>
                <td colspan="3" valign="top" width="40%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Registrant)</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="40%">&#160;</td>
                <td align="left" valign="top" width="3%">&#160;</td>
                <td align="left" colspan="2" valign="top" width="36%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="40%">&#160;</td>
                <td align="left" valign="top" width="3%">&#160;</td>
                <td align="left" colspan="2" valign="top" width="36%">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="top" width="40%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Dated:&#160;
                    December&#160;26, 2007</font></div>
                </td>
                <td align="left" valign="top" width="3%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:</font></div>
                </td>
                <td align="left" colspan="2" valign="top" width="36%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">/s/&#160;
                    <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">Jorge
                    Lutteroth
                    Echegoyen</font></font></font></div>
                </td>
              </tr>
              <tr>
                <td align="left" colspan="2" valign="top" width="43%">&#160;</td>
                <td align="left" valign="top" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Name:</font></div>
                </td>
                <td align="left" valign="top" width="32%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">Jorge
                    Lutteroth
                    Echegoyen</font></font></div>
                </td>
              </tr>
              <tr>
                <td align="left" colspan="2" valign="top" width="43%">&#160;</td>
                <td align="left" valign="top" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Title:</font></div>
                </td>
                <td align="left" valign="top" width="32%">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Controller,
                    Vice President</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
          <div>&#160;</div>
          <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
            <div id="FTR">
              <div id="GLFTR" style="WIDTH: 100%" align="left">
              </div>
            </div>
            <div id="PN" style="PAGE-BREAK-AFTER: always">
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
              </div>
              <div style="WIDTH: 100%; TEXT-ALIGN: center">
                <hr style="COLOR: black" noshade size="2">
              </div>
            </div>
            <div id="HDR">
              <div id="GLHDR" style="WIDTH: 100%" align="right">
              </div>
            </div>
          </div><br></div>
      </div>
      <div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td align="left" valign="top" width="30%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Case
                    2:05-cv-03444-PSG-MAN</font></div>
                </td>
                <td align="left" valign="top" width="17%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Document
                    242</font></div>
                </td>
                <td align="left" valign="top" width="15%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Filed
                    12/17/2007</font></div>
                </td>
                <td align="left" valign="top" width="19%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
              </tr>

          </table>
        </div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">UNITED
          STATES DISTRICT COURT</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">CENTRAL
          DISTRICT OF CALIFORNIA</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><strong>LINK#170/ENTER</strong></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><strong>CIVIL
          MINUTES - GENERAL</strong></font></div>
        <div><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td align="left" valign="top" width="11%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Case
                    No.</font></div>
                </td>
                <td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">CV
                    05-3444 PSG (MANx)</font></div>
                </td>
                <td align="left" valign="top" width="9%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Date</font></div>
                </td>
                <td align="left" valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">December
                    17, 2007</font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="11%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Title</font></div>
                </td>
                <td align="left" colspan="3" valign="top" width="69%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Televisa
                    S.A. de C.V. v. Univision Communications,
                    Inc.</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td colspan="2" valign="top" width="80%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td valign="top" width="11%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Present:</font></div>
                </td>
                <td align="left" valign="top" width="69%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">The
                    Honorable Philip S. Gutierrez, United States District
                    Judge</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div><br></div>
        <div><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Wendy
                      K. Hernandez</font></div>
                  </div>
                </td>
                <td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Not
                      Present</font></div>
                  </div>
                </td>
                <td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">n/a</font></div>
                  </div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="27%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Deputy
                    Clerk</font></div>
                </td>
                <td valign="top" width="25%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Court
                    Reporter</font></div>
                </td>
                <td valign="top" width="27%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Tape
                    No.</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div>&#160;</div>
        <div>
          <div>&#160;</div>
        </div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td align="left" valign="top" width="37%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;Attorneys
                    Present for Plaintiff(s):</font></div>
                </td>
                <td align="right" valign="top" width="37%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;Attorneys
                    Present for Defendant(s):</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="37%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>Not
                    Present</font></div>
                </td>
                <td valign="top" width="37%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;&#160;&#160;</font>&#160;Not
                    Present</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div><br></div>
        <div>
          <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

              <tr valign="top">
                <td style="WIDTH: 108pt">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Proceedings:</strong></font></div>
                </td>
                <td>
                  <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>(In
                    Chambers) Order DENYING Defendant&#8217;s Partial Motion for Summary
                    Judgment</strong></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Presently
          pending before the Court is Defendant and Counterclaimant Univision
          Communications, Inc.&#8217;s (&#8220;Univision&#8221;) Motion for Partial Summary Judgment. The
          matter came for hearing on December 10, 2007. After considering the moving
          and
          opposing papers, as well as oral argument at the hearing, the Court DENIES
          Univision&#8217;s Motion.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 36pt">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">I.&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>BACKGROUND</u></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
          action concerns Plaintiffs Televisa, S.A. de C.V. and Grupo Televisa, S.A.
          (collectively &#8220;Televisa&#8221;) and Defendant Univision&#8217;s respective rights and
          obligations pursuant to a twenty-five year licensing agreement entered
          into in
          1992.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 68px">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A.&#160;&#160;</font></div>
                </td>
                <td width="917">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>The
                    Parties</u></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Defendant
          Univision is Spanish-language media company in the United States, with
          operations including the Univision, Galavision, and TeleFutura television
          networks; a radio station; a music division including several record labels;
          an
          online division; and a home video and consumer products division. (Escalante
          Dec., Ex. 2 at 38.) Televisa, S.A. de C.V. and Grupo Televisa, S.A.
          (collectively &#8220;Televisa&#8221; or &#8220;Plaintiff&#8221;) is a Mexican media conglomerate which
          licenses its programming to broadcasters worldwide, and which has substantial
          film, music, home video, gaming and publishing businesses. (SAC, &#182;
6.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 68px">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">B.&#160;&#160;</font></div>
                </td>
                <td width="917">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>1992
                    Purchase of Univision</u></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
          1992,
          Televisa, the Venevision television company and Jerry Perenchio purchased
          Univision from the Hallmark Card, Inc. (Escalante Dec., Ex. 4 at 25.) As
          part of
          the deal, Televisa invested $33.3 million in return for an equity share
          of
          approximately 25% of the Univision Network and an indirect 12% interest
          of
          Univision&#8217;s Television Group. (Defendant&#8217;s UF, &#182; 5.) In December 1992, Televisa
          and Univision also entered into a Program Licensing Agreement (&#8220;PLA&#8221;), the
          principal contract at issue in this case. (Defendant&#8217;s UF, &#182; 3; Escalante Dec.,
          Ex. 6, hereinafter referred to as &#8220;1992 PLA.&#8221;)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 91px">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>1.&#160;&#160;</em></font></div>
                </td>
                <td width="894">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Program
                    Licensing Agreement</em></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Under
          the
          1992 PLA, Televisa agreed to provide its programming to Univision on an
          exclusive basis for twenty-five years, or until December 2017. (1992 PLA,
&#167;&#167;
1.1, 9; Escalante Dec., Ex. 4 at 26.) In exchange, Televisa would receive
          a
          percentage of Univision&#8217;s advertising revenues - termed &#8220;combined net time
          sales&#8221; - from nearly all the programs it broadcast, not just those supplied by
          Televisa. (1992 PLA, &#167; 5.) In 2001, the parties amended the 1992 PLA, but the
          definition of the combined net time sales in both PLAs remained substantially
          the same. (1992 PLA, &#167; 5; Escalante Dec., Ex. 1 (Second Amended and Restated
          PLA), hereinafter referred to as &#8220;2001 PLA,&#8221; &#167; 4.1.) The 2001 PLA superseded the
          1992 PLA.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
          2001
          PLA defines combined net time sales as follows:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Combined
          Net Time Sales&#8221; means all sales by the Networks and the Stations (and with
          respect to Other Outlets, to the extent solely related to the Networks),
          including barter and trade and television subscription revenue (including,
          without limitation, satellite subscription revenues), less, to the extent
          related to the Stations and the Networks, without duplication, (i) advertising
          commission, (ii) Special Event Revenue (iii) music license fees, (iv) outside
          affiliate compensation, (v) time sales related to advertising sold to Televisa
          or provided to Venevision as contemplated by Section 22(b)(1) of this Agreement
          and the Venevision Agreement and included in time sales (vi) taxes (other
          than
          withholding taxes) paid by Licensee pursuant to Section 4.5 hereof and
          similar
          taxes paid by the stations, calculated in accordance with U.S. generally
          accepted accounting principles (&#8220;GAAP&#8221;). Unless otherwise agreed in writing
          between the parties, barter and trade sales shall be valued at the fair
          market
          value of the goods or services received by the network.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(2001
          PLA, &#167; 4.1(c)(iii).)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
          2001
          PLA requires Univision to account for and pay the royalties to Televisa
          for the
          value of advertising time on &#8220;the Networks, the Stations, the Telefutura
          Networks and the Telefutura Stations&#8221; (Id. at &#167; 1.1(b)), and establishes
          procedures for such calculations and payments. (Id. at &#167; 4.3.) To ensure
          compliance with the terms of the agreement, the PLA grants Televisa the
          right to
          receive once each year, from Univision&#8217;s independent certified public accounting
          firm, a certificate attesting to the combined net time sales for that year.
          (Id.
          at &#167; 4.4.) In addition, the 2001 PLA permits Televisa to retain certified public
          accountants to audit Univision&#8217;s books and records with respect to Univision&#8217;s
          calculations of the combined net time sales, and requires Univision to
          cooperate
          with such auditors:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">[Univision]
          agrees to provide any certified public accountants designated by [Televisa]
          with
          access to all business records of [Univision] related to the computation
          of
          Combined Net Time Sales or Telefutura Net Time Sales, as
          applicable.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Id.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
          2001
          PLA also addresses sales of advertising time, and requires Univision to
          sell its
          advertising time at arms-length value:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">.
          . .
          sales of advertising time on the Networks, the Stations, the Telefutura
          Networks
          and the Telefutura Stations will be conducted at an arms-length basis vis-&#224;-vis
          one another and vis-&#224;-vis other networks, stations and other media owned by
          Licensee and its Affiliates.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Id.
          at &#167;
1.1(b).)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Under
          the
          PLA, any unsold advertising time will either be used by Univision or its
          subsidiaries, or made available to Televisa without charge:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Advertising
          time on the Networks, the Stations, the Telefutura Networks and the Telefutura
          Stations which is not sold to advertisers or used by Licensee or its
          subsidiaries for their own purpose will be made available without charge
          to
          Televisa, Venevision and their Affiliates . . . .</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Id.
          at &#167;
22(a).)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
          22(b) permits Televisa to purchase advertising time at favorable
          rates:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Televisa
          and its Affiliates will also (i) purchase an aggregate of $5,000,000 per
          year in
          advertising, and (ii) shall be permitted to purchase additional advertising
          time
          on the Univision network, the Galavision Network and the Telefutura Network
          which cannot be preempted by [Univision] or its Affiliates which time shall
          be
          sold for the lowest spot rate then being offered for a non-preemptable
          spot in
          the program during which such time is sold.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Id.
          at &#167;
22(b).)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 98px">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>2.&#160;&#160;</em></font></div>
                </td>
                <td width="887">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>The
                    Guaranty</em></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">On
          December 19, 2001, Grupo Televisa and Univision entered into an agreement,
          the
          Guaranty, wherein Grupo Televisa agreed to guaranty the performance of
          Televisa&#8217;s obligations under the PLA. (Escalante Dec., Ex. 1 at p.
          28.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 68px">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">C.&#160;&#160;</font></div>
                </td>
                <td width="917">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>The
                    Current Litigation</u></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
          early
          2005, Univision management determined that it had for many years been
          erroneously paying royalties on advertising sold in connection with certain
          Univision produced special programs. (Hobson Dec. &#182; 24.) In March 2005,
          Univision notified Televisa of the alleged mistake and informed Televisa
          it
          would no longer pay royalties on these special programs. (Id.) Consequently,
          Univision withheld royalty payments for the awards show <em>Premio Lo
          Nuestro</em> from the March 2005 royalty payment, but later paid the amount to
          Televisa in June 2005. (Id.) Since then, Univision has paid approximately
          $18
          million of the disputed royalty amounts relating to Special Programs, albeit
          &#8220;under protest.&#8221; (Id.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">On
          May 9,
          2005, Televisa filed a complaint against Univision alleging breach of contract
          and copyright violations in connection with Univision&#8217;s allegedly unauthorized
          editing of Televisa programs, and seeking declaratory relief regarding
          the
          parties&#8217; respective rights and obligations pursuant to the PLA. (Complaint, &#182;
28-29.) On August 15, 2005, Univision filed eight counterclaims against
          Televisa
          for breach of contract and breach of the covenant of good faith and fair
          dealing.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
          late
          2005, press reports indicated that Univision might soon be up for sale.
          (Escalante Dec., Ex. 21.) In May 2006, Televisa announced that it had formed
          a
          consortium to bid for Univision. (Escalante Dec., Ex. 23.) The following
          month,
          the press reported that Univision&#8217;s board of directors had accepted the bid for
          a rival consortium.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Meanwhile,
          Televisa amended its complaint and on April 3, 2006, filed a Second Amended
          and
          Supplemental Complaint (&#8220;SAC&#8221;) containing seven causes of action: (1) breach of
          contract - PLA; (2) declaratory judgment and injunctive relief relating
          to
          Univision&#8217;s obligations under the PLA; (3) breach of contract - the Soccer
          Agreement;<sup><a href="#ref.id2595464">1</a></sup>&#160;&#160;(4) declaratory
          judgment and injunctive relief relating to Univision&#8217;s obligations under the
          Soccer Agreement; (5) declaratory judgment relating to the PLA and the
          Guaranty;
          (6) declaratory judgment relating to the Soccer Agreement; and (7) copyright
          infringement. Univision subsequently amended its counterclaims, adding
          a ninth
          claim for declaratory relief regarding the PLA and Soccer Agreement, and
          a tenth
          claim for declaratory relief regarding internet broadcasts. (Escalante
          Dec., Ex.
          19, &#182;&#182; 100-117.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">To
          date,
          Univision has paid Televisa approximately $18 million in disputed royalty
          amounts. (SGI, &#182; 24.) Televisa contends the total amount of unpaid royalties
          owed by Univision amounts to approximately $118 million. (Opp&#8217;n at
          12.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Univision
          now moves for partial summary judgment on the fifth cause of action in
          the SAC,
          and the ninth claim for relief in its Second Amended Counterclaims. In
          short,
          Univision asks the Court to find, as a matter of law, that its breaches
          are not
          material.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 36pt">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">II.&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>LEGAL
                    STANDARD FOR SUMMARY JUDGMENT</u></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Federal
          Rule of Civil Procedure 56(c) establishes that summary judgment is proper
          only
          when &#8220;the pleadings, depositions, answers to interrogatories, and admissions
          on
          file, together with the affidavits, if any, show that there is no genuine
          material fact and that the moving party is entitled to a judgment as a
          matter of
          law.&#8221; Fed. R. Civ. P. 56(c). The moving party has the burden of demonstrating
          the absence of a genuine issue of fact for trial. <em>See Anderson v. Liberty
          Lobby, Inc.</em>, 477 U.S. 242, 256, 106 S. Ct. 2505, 91 L. Ed. 2d 202 (1986).
          If the moving party satisfies the burden, the party opposing the motion
          must set
          forth specific facts showing that there remains a genuine issue for trial.
          <em>Id.</em> at 257.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A
          non-moving party who bears the burden of proving at trial an element essential
          to its case must sufficiently establish a genuine dispute of fact with
          respect
          to that element or face summary judgment. <em>Celotex Corp. v. Catrett</em>, 477
          U.S. 317, 322-23, 106 S. Ct. 2548 (1986). Such an issue of fact is a genuine
          issue if it reasonably can be resolved in favor of either party.
<em>Anderson</em>, 477 U.S. at 250-51.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">If
          the
          moving party seeks summary judgment on a claim or defense for which it
          bears the
          burden of proof at trial, the moving party must use affirmative, admissible
          evidence. Admissible declarations or affidavits must be based on personal
          knowledge, must set forth facts that would be admissible evidence at trial,
          and
          must show that the declarant or affiant is competent to testify as to the
          facts
          at issue. Fed. R. Civ. P. 56(e).</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 36pt">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">III.&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>DISCUSSION</u></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Televisa&#8217;s
          fifth cause of action in the SAC seeks a declaration that Univision has
          materially breached the PLA, thus excusing it from any obligations or further
          performance under the PLA. (SAC at 41-42.) Univision&#8217;s ninth claim for relief
          requests a declaration that Univision has not substantially materially
          breached
          the PLA, and that Televisa may not suspend its performance under the PLA.
          (Escalante Dec., Ex. 19, &#182; 107.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 74px">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A.&#160;&#160;</font></div>
                </td>
                <td width="911">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Material
                    Breach</u></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
          California, courts allow termination of a contract only &#8220;if the breach can be
          classified as &#8216;material,&#8217; &#8216;substantial,&#8217; or &#8216;total.&#8217;&#8221; <em>Superior Motels, Inc.
          v. Rinn Motor Hotels, Inc.</em>, 195 Cal.App.3d 1032, 1051 (1987) (citations
          omitted). A material breach is one that &#8220;is so dominant or pervasive as in any
          real or substantial measure to frustrate the purpose of the undertaking.&#8221;
<em>Fantasy v. Fogerty</em>, 984 F.2d 1525, 1530 (9th Cir. 1993), <em>reversed
          on other grounds (quoting Medico-Dental Bldg. Co. v. Horton &amp; Converse</em>,
          21 Cal.2d 411, 132 P.2d 457, 470 (1942)). If a breach does not go &#8220;to the root
          of the matter&#8221; and &#8220;can be readily compensated in damages,&#8221; a party may not
          rescind. <em>Id</em>. (citation omitted). In <em>Fogerty</em>, the Ninth Circuit
          considered five circumstances listed by the Restatement (Second) of Contracts,
          as &#8220;significant&#8221; in determining whether a breach is material:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 90pt">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
                    extent to which the injured party will be deprived of the benefit
                    which he
                    reasonably expected;</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 90pt">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
                    extent to which the injured party can be adequately compensated
                    for the
                    part of that benefit of which he will be
                    deprived;</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 90pt">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
                    extent to which the party failing to perform or to offer to perform
                    will
                    suffer forfeiture;</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 90pt">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
                    likelihood that the party failing to perform or to offer to perform
                    will
                    cure his failure, taking account of all the circumstances including
                    any
                    reasonable assurances;</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 90pt">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(e)&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
                    extent to which the behavior of the party failing to perform
                    or to offer
                    to perform comports with standards of good faith and fair
                    dealing.</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Id</em>.
          (<em>citing</em> Restatement (Second) of Contracts &#167; 241 (1981).)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Generally,
          the question of whether a breach is material depends on the facts and
          circumstances of each particular case, <em>see Federal Deposit Ins. Corp. v. Air
          Florida Sys., Inc.</em>, 822 F.2d 833, 840 (9th Cir. 1987), <em>cert.
          denied</em>, 485 U.S. 987, 108 S.Ct. 1289, 99 L.Ed.2d 500 (1988), and thus is
          &#8220;normally&#8221; a question for the jury. 6 Samuel Williston, <em>A Treatise on the
          Law of Contracts </em>&#167; 841, at 159 (3d ed. 1962). However, the question need
          not be left to the trier of fact where the underlying facts are undisputed
          and
          only the legal conclusion to be drawn from those facts remains in doubt.
<em>See
          B.F. Goodrich Co. v. Vinyltech Corp.</em>, 711 F.Supp. 1513, 1520 (D.Ariz. 1989)
          (granting summary judgment for plaintiff on breach of contract claim despite
          defendant&#8217;s assertion of material breach); <em>Boeing Airplane Co. v.
          Aeronautical Indus. Dist.</em><em>Lodge No. 751</em>, 91 F.Supp. 596, 609
          (W.D.Wash. 1950) (granting summary judgment based on material breach),
          <em>aff&#8217;d</em>, 188 F.2d 356 (9th Cir.), <em>cert. denied</em>, 342 U.S. 821, 72
          S.Ct. 39, 96 L.Ed. 621 (1951); <em>cf. Far West Fed. Bank v. Director, Office of
          Thrift Supervision</em>, 787 F.Supp. 952, 960 (D.Or. 1992) (granting rescission
          on summary judgment based on frustration of purpose and impossibility of
          performance).</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Televisa
          lists eleven breaches of the PLA which, it argues, in total warrant a finding
          of
          material breach by Univision. Univision responds that, even assuming it
          accepts
          the $100 million figure it expects Televisa to contend is the proper valuation
          of unsold time used by Univision, its breaches cannot amount to a total
          failure
          of performance, or material breach, justifying rescission of the 25-year
          PLA.<sup><a href="#ref.id2596557">2</a></sup></font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Televisa
          alleges the following breaches: First, since 2001, Univision has failed
          to
          include approximately $29 million of advertising revenue from DISA,<sup><a href="#ref.id2596675">3</a></sup> a Spanish language record company
          acquired by
          Univision, in its combined net time sales payments to Televisa. (SGI, &#182;&#182; 30,
          32.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Second,
          as far back as 1998, Univision has improperly been paying KORO, a television
          station in Texas operated by Entravision, $50,000 per month. (SGI, &#182;&#182; 45-46.)
          Univision owns a 14.8% interest in Entravision. (SGI, &#182;&#182; 45-46.) Televisa claims
          Univision has made these improper payments because the PLA permits deductions
          of
          payments by Univision to affiliated stations as compensation for carrying
          the
          Univision signal. (SGI, &#182; 41.) Televisa contends that even though Univision&#8217;s
          and Entravision&#8217;s 2002 agreement provides for termination of such payments,
          Univision continued the payments and falsely identified them on royalty
          payments
          sent to Televisa as affiliate or station compensation. (SGI, &#182; 49.) According to
          Televisa, Univision made these payments not for affiliate or station
          compensation, but rather to reimburse Entravision for the $6 million difference
          between what it was willing to pay to buy KORO and what it ultimately had
          to
          pay. (SGI, &#182; 50.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Third,
          Univision has failed to include any of the value of at least $700 million
          in
          advertising provided without charge to its non-television group subsidiaries.
          (SGI, &#182; 63.) Although Univision may provide some advertising to Televisa without
          charge, the PLA contains no provision to provide advertising to non-television
          group subsidiaries without compensating Televisa in the combined net time
          sales
          payments. (SGI, &#182;&#182; 61-62.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Fourth,
          Univision has recorded barter sales at 50% of the actual contract price,
          and not
          at the &#8220;fair market value of the goods or services received by [Univision or its
          stations],&#8221; as required by the PLA. (SGI, &#182;&#182; 69-70, 72.) According to
          Univision&#8217;s Perenchio, the fair value of such ads is the rate card of the barter
          partner, and amount higher than 50% of the contract price. (SGI, &#182;
73.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Fifth,
          Televisa contends that Univision has improperly excluded revenues of several
          &#8220;grandfathered&#8221; special programs, including the highest grossing special -
<em>Premio Lo Nuestro</em> - from its combined net time sales payments.
          According to Televisa, since 1992, Univision and Televisa had shared in
          the cost
          of producing some programs via a Cost-Sharing Agreement. (SGI, &#182; 76.) When the
          Cost-Sharing Agreement was terminated, the cost-shared programs were deemed
          &#8220;grandfathered programs&#8221; and the parties&#8217; cost-sharing was continued through the
          reduction of combined net time sales payments in the PLAs. (SGI, &#182;&#182; 76, 81, 78,
          80.) Now Univision is seeking to recoup over $100 million in royalties
          it has
          paid to Televisa &#8220;under protest&#8221; which it claims should have been excluded from
          the combined net time sales as &#8220;Special Event Revenue.&#8221; (SGI, &#182;
92.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Sixth,
          Univision has paid its own debts at Televisa&#8217;s expense through &#8220;make-ups&#8221; or
&#8220;ADU&#8217;s,&#8221;<sup><a href="#ref.id2596965">4</a></sup> advertising Univision provides
          without charge to advertisers to settle obligations resulting from failure
          to
          meet audience ratings guarantees promised to advertisers. (SGI, &#182; 97.) Instead
          of satisfying these debts with ads during similar programs, as Univision
          should
          have done, Televisa contends that Univision paid these obligations with
          advertising to which it assigned no value, aired during programming covered
          by
          the combined net time sales, and thus reduced the resulting royalties paid
          to
          Televisa. (SGI, &#182; 97.) Televisa claims that this shift of liabilities amounts to
          over $1.5 million in royalties, only half of which have been paid by Univision
          under protest. (SGI, &#182; 102.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Seventh,
          Univision has improperly excluded revenues from <em>Vignettes </em>(60-second
          advertisements containing traditional advertising with clips from specials)
          and
<em>Shoulders</em> (regular programming associated with major events such as pre
          and post shows for World Cup games) in the combined net time sales.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Eighth,
          in violation of Section 8.3 of the PLA, Univision has performed unauthorized
          edits of Televisa programming. Section 8.3 authorizes Univision to edit
          Televisa
          programs in limited circumstances, such as to reduce the length of credits,
          to
          insert commercials, or to eliminate storylines and segments deemed in good
          faith
          to be unacceptable to U.S. audiences (e.g. strong sexual content), with
          Televisa&#8217;s consent. (2001 PLA, &#167; 3.8.) Televisa asserts it has identified
          material editing in 163 episodes of its programs without its consent, including
          one episode of <em>Rollo</em>, a late night show, in which Univision removed an
          interview with Will Smith and twelve songs by a popular Hispanic performer,
          Alejandro Fernandez. (SGI, &#182;&#182; 111, 113-114, 117.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Ninth,
          Univision has misapplied the generally accepted accounting principles (&#8220;GAAP&#8221;)
          on over $100 million in advertising revenues, by using its consolidation
          at the
          parent company level to remove television group revenues entirely from
          the
          combined net time sales, and to thus avoid paying Televisa royalties. (SGI,
&#182;&#182;
119-120.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Tenth,
          Televisa contends that Univision&#8217; s partial payments &#8220;under protest,&#8221; of only
          $18 million of an estimated $118 million damage claim, are &#8220;wholly irrelevant&#8221;
since Televisa cannot recognize these payment as revenue until it prevails
          in
          this suit.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Lastly,
          Televisa accuses Univision of breaching Televisa&#8217;s audit rights under the PLA,
          by, among other things, refusing to provide audit certificates for the
          years
          2003 through 2006 upon request, withholding key information and denying
          the
          existence of key documents from Televisa&#8217;s outside auditors. (SGI, &#182;&#182; 139,
          148-153, 157.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Univision
          contends that these alleged breaches, in total, cannot, as a matter of
          law,
          amount to a material breach justifying rescission. In order to make this
          determination, the Court will consider each of the five Restatement
          factors:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 108px">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>1.&#160;&#160;</em></font></div>
                </td>
                <td width="877">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>The
                    Extent to Which the Injured Party Will Be Deprived of the Benefit
                    Which He
                    Reasonably Expected</em></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Univision
          contends that the alleged breaches, in total, cannot amount to a material
          breach
          because Televisa has and continues to receive the vast amount of the benefits
          it
          contracted for under the PLA. For example, it is undisputed that one of
          Televisa&#8217;s objectives in entering into the PLA was to obtain royalty payments
          from Univision (SGI, &#182; 1), and that since 1992, Televisa has received over $1
          billion in royalty payments from Univision (SGI, &#182; 3.) While approximately $100
          million of a total disputed $118 million remains unpaid, this sum is less
          than
          9% of the total royalties Televisa states it should have received. (Supp.
          Escalante Dec. &#182; 7.) <em>See, e.g., Nolan v. Sam Fox Publishing Co.</em>, 499
          F.2d 1394, 1398-1399 (2d Cir. 1974) (failure to pay 74% of royalties due
          over a
          six-year period was not a material breach); <em>Rano</em>, 987 F.2d at 586
          (defendant did not materially breach a licensing agreement despite failure
          to
          pay 14% of a disputed category of royalties in light of parties&#8217; eight-year
          harmonious relationship). Therefore, even though Televisa&#8217;s claims for unpaid
          royalties, approximately $100 million worth, are no small sum; in comparison
          to
          the amount of royalties it has received thus far, it is undisputed that
          the
          claims represent only a small percentage of that total. Thus, the first
          Restatement factor supports Univision&#8217;s argument that its breaches of the
          royalty provisions are nonmaterial.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 109px">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>2.&#160;&#160;</em></font></div>
                </td>
                <td width="876">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>The
                    Extent to Which the Injured Party Can Be Adequately Compensated
                    for the
                    Part of That Benefit of Which He Will Be
                    Deprived</em></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">With
          respect to claims for unpaid royalties, there is no question that if Televisa
          prevails at trial, it can be adequately compensated by a damages award.
          However,
          Televisa&#8217;s claims regarding Univision&#8217;s unauthorized editing of Televisa
          programs is another matter.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Univision
          argues that such breaches are not material. Televisa has identified only
          163
          improperly edited episodes, or approximately 33 hours of unauthorized edits,
          from February 2005 through May 20007, out of thousands of hours of Televisa
          programming that Univision has broadcast since 1992. (SGI, &#182; 14; Escalante Dec.,
&#182;&#182; 37-38, Exs. 35-36.) The Guaranty requires Televisa to produce &#8220;at least 8,531
          hours of Programs&#8221; per year from 2002 forward (Escalante Dec., Ex. 1 at 38, &#167;
2), an obligation Televisa has admittedly met. (See Answer, &#182;&#182; 40-41.) Thus, the
          33 hours of identified editing amounts to less than 0.2% of the programming
          hours Televisa was required to provide Univision since 2002, and an even
          smaller
          percentage of the Televisa programming aired from 1992 to 2002.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Televisa
          responds that these edits &#8220;go to the very artistic and creative content&#8221; of
          Televisa programs, and often &#8220;emasculate the very heart of the episode&#8217;s
          content&#8221; to suit Univision&#8217;s taste instead of that of the creators. (SGI, &#182;&#182;
113-114, 117.) While parsing hours may make sense in the royalties context
          to
          determine whether a breach is material, this strategy is much less effective
          where artistic creativity and content are issue. That Televisa has identified
          less than 0.2% of edited programming aired since 1992 is certainly significant.
          However, a reasonable jury also could find it equally, if not more significant,
          that Univision unilaterally edited Televisa programming content, and that
          such
          edits dramatically changed the content of those programs so as to amount
          to
          material breach. Therefore, because a reasonable jury could find in favor
          of
          either party, a genuine issue of material fact remains as to the materiality
          of
          the breaches.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 108px">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>3.&#160;&#160;</em></font></div>
                </td>
                <td width="877">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>The
                    Extent to Which the Party Failing to Perform or to Offer to Perform
                    Will
                    Suffer Forfeiture</em></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">If
          Televisa is allowed to rescind the contract and cut off its supply programming,
          Univision will lose a substantial portion of program lineups, including
          more
          than 40% of Univision Network&#8217;s non-repeat broadcast hours, most of its 7:00 -
          10:00 p.m. weekday prime time programing, and substantially all of the
          <em>telenovelas</em> broadcast on Galavision Network. (Hobson Dec., &#182;&#182; 9-11, Ex.
          2 at 22.) Since Univision has all twenty top Spanish-language shows in
          the
          United States, sixteen of which are Televisa programs, the loss of these
          programs would cause Univision to suffer forfeiture, in the form of disruption
          and possible loss of viewership.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 107px">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>4.&#160;&#160;</em></font></div>
                </td>
                <td width="881">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>The
                    Likelihood That the Party Failing to Perform or to Offer to Perform
                    Will
                    Cure His Failure, Taking Account of All the Circumstances Including
                    Any
                    Reasonable Assurances</em></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Univision
          to date has paid $18 million in disputed royalties. (SGI, &#182; 24.) While this is
          only a fraction of the amount Televisa claims, Univision argues that the
          fact it
          has paid this portion, coupled with its assertions that it will pay court
          or
          jury ordered damages, demonstrates its willingness to cure the breaches
          in the
          event the Court or jury finds in favor of Televisa.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Televisa,
          on the other hand, contends it has good reason to no longer take Univision
          at
          its word. Univision has failed to repent or even acknowledge its many
          transgressions of the PLA. According to Televisa, Univision&#8217;s breach of trust
          goes to the &#8220;root&#8221; of the performance contemplated by the PLA, and &#8220;neither the
          law nor a reasoned decision will require the current dysfunctional relationship
          to continue.&#8221; (Opp&#8217;n at 22.) <em>See In re Best Film &amp; Video Corp.</em>, 46
          B.R. 861, 874 (N.Y. 1985) (citing <em>Corbin on Contracts</em>: &#8220;The &#8216;continuing
          sense of reliance and security&#8217; which is always &#8216;an important feature of the
          bargain&#8217; . . . ha[s]been completely destroyed, and could not possibly [be]
          reinstated&#8221;). Based on the record before the Court and the &#8220;bad faith&#8221;
motivations discussed in the next section, Televisa has adequately justified
          it
          doubts regarding future performance by Univision.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 106px">
                  <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>5.&#160;&#160;</em></font></div>
                </td>
                <td width="879">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>The
                    Extent to Which the Behavior of the Party Failing to Perform
                    or to Offer
                    to Perform Comports with Standards of Good Faith and Fair
                    Dealing</em></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">As
          for
          the fifth Restatement factor, Televisa claims that many of Univision&#8217;s actions
          regarding it calculations of combined net time sales were driven by spite
          or
          retaliation. (Opp&#8217;n at 19.) Whether or not &#8220;spite&#8221; or &#8220;retaliation&#8221; was a
          motivating factor for Univision&#8217;s conduct, at minimum, the record supports the
          contention that Univision&#8217;s actions failed to comport with standards of good
          faith and fair dealing.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">For
          example, Univision does not dispute, for purposes of this motion, that
          it failed
          to include in the combined net time sale at least $700 million in advertising
          provided without charge to its own subsidiaries. (SGI, &#182; 63.) Although Univision
          claims these advertisements have no value, Univision values such advertising
          on
          a quarterly and annual basis. (SGI, &#182; 65.) Based on Univision&#8217;s royalty
          statements to Televisa, Televisa did not know and could not have known
          the
          subsidiary advertising was not included in the combined net sales time
          (SGI, &#182;
66). Televisa only discovered the failure to attribute such advertising
          to the
          combined net time sales during the contractual audit (SGI, &#182; 67), thus
          suggesting that Univision was keeping this information from Televisa. Such
          evidence suggests that Univision was engaging in activities that could
          be
          construed as bad faith.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Another
          example of Univision&#8217;s bad faith relates to the auditing provisions of the PLA.
          Given that Univision maintains complete control over the receipt and accounting
          of combined net sales time, Televisa&#8217;s rights to annual audit certifications
          from outside auditors represents an important safeguard for Televisa. (SGI,
&#182;
146.) However, when Televisa attempted to exercise those rights, Univision
          ignored Televisa&#8217;s request for the 2003 certificate for sixteen months, and
          ignored the request for the 2004 certificate for three months. (SGI, &#182; 139.)
          Indeed, Univision failed to inform its auditors of Televisa&#8217;s request for the
          2003 certificate until a full year after the request was made. (SGI, &#182; 141.)
          Again, on Televisa&#8217;s request for a certificate regarding combined net time sales
          for 2006, an internal memo shows that Univision would not perform the audit
          given the continuing litigation between the parties. (SGI, &#182; 143.) Additionally,
          Univision management misled Televisa auditors about the availability of
          documents in electronic format, incorrectly informing them that only paper
          copies existed. (SGI, &#182; 257.)</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">These
          are
          just a few examples in a record replete with many evidencing the bad faith
          motivations in Univision&#8217;s in conduct towards Televisa, and are sufficient to
          defeat summary judgment.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Although
          Univision argues that an otherwise immaterial breach cannot be made material
          merely because they were committed in bad faith, it cites to no relevant
          caselaw
          for this proposition. Univision does cite to <em>comment f</em>, &#167; 241 of the
          Restatement, which provides that &#8220;non-adherence&#8221; to the standards of good faith
          and fair dealing are not &#8220;conclusive, and other circumstances may cause a
          failure not to be material in spite of such non-adherence.&#8221; Restatement (Second)
          Contracts. However, this comment merely indicates that the fifth Restatement
          factor is a less probative consideration than the others. <em>See In re General
          DataComm Industries, Inc.</em>, 407 F.3d 616, 628 (3d Cir. 2005). <em>Comment
          f</em> in no way prohibits a finding of material breach where there is so
          much
          bad faith that the relationship between the parties is
          dysfunctional.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Additionally,
          Univision&#8217;s reference to <em>Fogerty</em> is unavailing. In analyzing the fifth
          Restatement factor, the <em>Fogerty</em> court noted that simply asserting
          another party acted in bad faith &#8220;does not create a disputed issue of material
          fact precluding summary judgment.&#8221; <em>Fogerty</em>, 984 F.2d at 1531. There,
&#8220;Fogerty supplie[d] no factual basis beyond mere assertions that
          [plaintiff]
          ha[d] acted fraudulently or delinquently.&#8221; <em>Id</em>. at 1531. Here, by
          contrast, Televisa has substantiated its allegations with ample evidence
          of bad
          faith conduct.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
          sum,
          application of the five Restatement factors leads the Court to conclude
          that
          there are genuine issues of material fact regarding the materiality of
          Univision&#8217;s breaches. In particular, Televisa has presented evidence raising
          fact issues on the materiality issue based on Univision&#8217;s bad faith motivations
          underlying its failure to account to Televisa for royalty payments, the
          unauthorized editing of Televisa programming, and the obstruction of Televisa&#8217;s
          attempts to obtain an independent audit. The Court finds such evidence
          sufficient to withstand summary judgment.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>
          <table cellpadding="0" cellspacing="0" id="list" width="100%">

              <tr valign="top">
                <td align="right" style="WIDTH: 36pt">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">IV.&#160;&#160;</font></div>
                </td>
                <td>
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>CONCLUSION</u></font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">For
          the
          reasons set forth above, the Court hereby DENIES partial summary
          judgment.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">IT
          IS SO
          ORDERED.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div><br>
          <hr>
        </div>
        <div>__________________</div>
        <div><a name="ref.id2595464">&#160; </a></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">1</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
          Soccer Agreement grants Univision the exclusive U.S. television broadcast
          rights
          to certain soccer games in the Mexican League. (SAC, &#182; 23.) Televisa and
          Univision signed the Soccer Agreement in December 2001. (Id.)</font></div>
        <div><a name="ref.id2596557">&#160; </a>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">2</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Univision
            does, in fact, accept Televisa&#8217;s calculations of the valuation of unsold air
            time, for purposes of this motion only. (Motion at 12.)</font></div>
        </div>
        <div><a name="ref.id2596675">&#160; </a>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">3</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Univision
            acquired a 50% interest in DISA in 2001, and the remaining 50% interest
            in 2006.
            (SGI, &#182; 25.) In the 2001 deal, Univision was required to provide DISA with at
            least $5 million of advertising each year. (SGI, &#182; 26.)</font></div>
        </div>
        <div><a name="ref.id2596965">&#160; </a>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">4</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In
            the television industry, the term ADU refers to audience deficiency units.
            (Televisa&#8217;s Deposition Appendix, Cutler Depo. at 353:22-23.) When an advertiser
            contracts with Univision for commercial airtime, Univision guarantees
            a certain
            number of viewers. (Id. at 354:1-7.)</font></div>
        </div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>&#160;</div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>&#160;</div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
