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Exhibit 10.13

SUBSIDIARY GUARANTY

        GUARANTY, dated as of July 18, 2001 (as amended, modified or
supplemented from time to time, this "Guaranty"), made by each of the
undersigned (each a "Guarantor" and, together with each other entity that is
required to execute a counterpart hereof pursuant to Section 25 hereof, the
"Guarantors"). Except as otherwise defined herein, terms used herein and defined
in the Credit Agreement (as defined below) shall be used herein as therein
defined.

W I T N E S S E T H:

        WHEREAS, Univision Communications Inc. (the "United States Borrower"),
Univision of Puerto Rico Inc. (the "Puerto Rico Borrower", and together with the
United States Borrower, the "Borrowers"), various financial institutions from
time to time party thereto (the "Lenders"), The Chase Manhattan Bank, as
Administrative Agent (the "Administrative Agent") and BNP Paribas, as
Documentation Agent (the "Documentation Agent") have entered into a Credit
Agreement, dated as of July 18, 2001 (as amended, modified or supplemented from
time to time, the "Credit Agreement"), providing for the making of Loans to the
Borrowers as contemplated therein (the Lender, the Administrative Agent and
Documentation Agent herein called the "Lender Creditors");

        WHEREAS, the Borrowers may from time to time enter into one or more
(i) interest rate protection agreements (including, without limitation, interest
rate swaps, caps, floors, collars and similar agreements), (ii) foreign exchange
contracts, currency swap agreements or other similar agreements or arrangements
designed to protect against the fluctuations in currency values and/or
(iii) other types of hedging agreements from time to time (each such agreement
or arrangement with an Other Creditor (as hereinafter defined), a "Hedging
Agreement"), with any Lender, any affiliate thereof or a syndicate of financial
institutions organized by any such Lender or affiliate of any such Lender or
affiliate (even if any such Lender ceases to be a Lender under the Credit
Agreement for any reason) and any such other institution that participates in
such Hedging Agreements and their subsequent successors and assigns
collectively, the "Other Creditors", and together with the Lender Creditors, the
"Creditors");

        WHEREAS, each Guarantor is a direct or indirect Subsidiary of the United
States Borrower;

        WHEREAS, it is a requirement under the Credit Agreement that each
Guarantor shall have executed and delivered this Guaranty; and

        WHEREAS, each Guarantor will obtain benefits from the incurrence of
Loans by the Borrowers under the Credit Agreement and the entering into of
Hedging Agreements and, accordingly, desires to execute this Guaranty in order
to satisfy the conditions described in the preceding paragraph and to induce the
Lenders to maintain and make Loans (and issue Letters of Credit in the case of
the United States Borrower) to the Borrowers and the Other Creditors to maintain
and enter into Hedging Agreements with the Borrowers;

        NOW, THEREFORE, in consideration of the foregoing and other benefits
accruing to each Guarantor, the receipt and sufficiency of which are hereby
acknowledged, each Guarantor hereby makes the following representations and
warranties to the Creditors and hereby covenants and agrees with each Creditor
as follows:

        1.    Each Guarantor, jointly and severally, irrevocably and
unconditionally guarantees: (i) to the Lender Creditors the full and prompt
payment when due (whether at the stated maturity, by acceleration or otherwise)
of (x) the principal of and interest on any promissory notes issued by, and the
Loans made to (and Letters of Credit issued for the account of the United States
Borrower), the Borrowers under the Credit Agreement (and all reimbursement
obligations and amounts outstanding with respect to such Letters of Credit) and
(y) all other obligations (including obligations which, but for any automatic
stay under Section 362(a) of the Bankruptcy Code, would become due) and
liabilities owing by the Borrowers to the Lender Creditors (including, without
limitation, indemnities, Fees and

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interest thereon) now existing or hereafter incurred under, arising out of or in
connection with the Credit Agreement or any other Credit Document and the due
performance and compliance with the terms, conditions and agreements contained
in the Credit Documents by the Borrowers (all such principal, interest,
liabilities and obligations being herein collectively called the "Credit
Agreement Obligations"); and (ii) to each Other Creditor the full and prompt
payment when due (whether at the stated maturity, by acceleration or otherwise)
of all obligations (including obligations which, but for any automatic stay
under Section 362(a) of the Bankruptcy Code, would become due) and liabilities
owing by the Borrowers to the Other Creditors (including, without limitation,
indemnities, fees and interest thereon) under any Hedging Agreements, whether
now in existence or hereafter arising, and the due performance and compliance by
each of the Borrowers with all terms, conditions and agreements contained
therein (all such obligations and liabilities under this clause (ii) being
herein collectively called the "Other Obligations", and together with the Credit
Agreement Obligations are herein collectively called the "Guaranteed
Obligations"). Each Guarantor understands, agrees and confirms that the
Creditors may enforce this Guaranty up to the full amount of the Guaranteed
Obligations against each Guarantor without proceeding against any other
Guarantor, either Borrower, against any security for the Guaranteed Obligations,
or against any other guarantor under any other guaranty covering all or a
portion of the Guaranteed Obligations. This Guaranty shall constitute a guaranty
of payment and not of collection. All payments by each Guarantor under this
Guaranty shall be made on the same basis as payments by the Borrowers are made
under Sections 2.09, 2.10 and 2.16 of the Credit Agreement.

        2.    Additionally, each Guarantor, jointly and severally,
unconditionally and irrevocably, guarantees the payment of any and all
Guaranteed Obligations of the Borrowers to the Creditors whether or not due or
payable by the Borrowers upon the occurrence in respect of the Borrowers of any
of the events specified in Section 7.08 and 7.09 of the Credit Agreement, and
unconditionally and irrevocably, jointly and severally, promises to pay such
Guaranteed Obligations to the Creditors, or order, on demand, in lawful money of
the United States.

        3.    The liability of each Guarantor hereunder is exclusive and
independent of any security for or other guaranty of the indebtedness of the
Borrowers whether executed by such Guarantor, any other Guarantor, any other
guarantor or by any other party, and the liability of each Guarantor hereunder
shall not be affected or impaired by (i) any direction as to application of
payment by the Borrowers or by any other party, (ii) any other continuing or
other guaranty, undertaking or maximum liability of a guarantor or of any other
party as to the indebtedness of the Borrowers, (iii) any payment on or in
reduction of any such other guaranty or undertaking, (iv) any dissolution,
termination or increase, decrease or change in personnel by the Borrowers,
(v) any payment made to any Creditor on the indebtedness which any Creditor
repays the Borrowers pursuant to court order in any bankruptcy, reorganization,
arrangement, moratorium or other debtor relief proceeding, and each Guarantor
waives any right to the deferral or modification of its obligations hereunder by
reason of any such proceeding, (vi) any action or inaction by the Creditors as
contemplated in Section 6 hereof or (vii) any invalidity, irregularity or
unenforceability of all or part of the Guaranteed Obligations or of any security
therefor.

        4.    The obligations of each Guarantor hereunder are independent of the
obligations of any other Guarantor, any other guarantor of the Borrowers or the
Borrowers, and a separate action or actions may be brought and prosecuted
against each Guarantor whether or not action is brought against any other
Guarantor, any other guarantor of the Borrowers or the Borrowers and whether or
not any other Guarantor, any other guarantor of the Borrowers or the Borrowers
be joined in any such action or actions. Each Guarantor waives, to the fullest
extent permitted by law, the benefit of any statute of limitations affecting its
liability hereunder or the enforcement thereof. Any payment by the Borrowers or
other circumstance which operates to toll any statute of limitations as to the
Borrowers shall operate to toll the statute of limitations as to each Guarantor.

        5.    Each Guarantor hereby waives (to the fullest extent permitted by
applicable law) notice of acceptance of this Guaranty and notice of any
liability to which it may apply, and waives promptness, diligence, presentment,
demand of payment, protest, notice of dishonor or nonpayment of any such

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liabilities, suit or taking of other action by the Agents or any other Creditor
against, and any other notice to, any party liable thereon (including such
Guarantor or any other guarantor of the Borrowers).

        6.    Any Creditor may at any time and from time to time without the
consent of, or notice to, any Guarantor, without incurring responsibility to
such Guarantor, without impairing or releasing the obligations of such Guarantor
hereunder, upon or without any terms or conditions and in whole or in part:

        (i)    change the manner, place or terms of payment of, and/or change or
extend the time of payment of, renew or alter, any of the Guaranteed
Obligations, (including any increase or decrease in the rate of interest
thereon), any security therefor, or any liability incurred directly or
indirectly in respect thereof, and the guaranty herein made shall apply to the
Guaranteed Obligations as so changed, extended, renewed or altered;

        (ii)  take and hold security for the payment of the Guaranteed
Obligations and/or sell, exchange, release, surrender, realize upon or otherwise
deal with in any manner and in any order any property by whomsoever at any time
pledged or mortgaged to secure, or howsoever securing, the Guaranteed
Obligations or any liabilities (including any of those hereunder) incurred
directly or indirectly in respect thereof or hereof, and/or any offset
thereagainst;

        (iii)  exercise or refrain from exercising any rights against each of
the Borrowers, any Guarantor, any other guarantor of the Borrowers or others or
otherwise act or refrain from acting;

        (iii)  settle or compromise any of the Guaranteed Obligations, or any
liability (including any of those hereunder) incurred directly or indirectly in
respect thereof or hereof, and may subordinate the payment of all or any part
thereof to the payment of any liability (whether due or not) of the Borrowers to
creditors of the Borrowers;

        (iv)  apply any sums by whomsoever paid or howsoever realized to any
liability or liabilities of each of the Borrowers to the Creditors regardless of
what liabilities of the Borrowers remain unpaid;

        (v)  release or substitute any one or more endorsers, guarantors,
Guarantors, the Borrowers or other obligors;

        (vi)  consent to or waive any breach of, or any act, omission or default
under, the Hedging Agreements, the Credit Documents or any of the instruments or
agreements referred to therein, or otherwise amend, modify or supplement any of
the Hedging Agreements, the Credit Documents or any of such other instruments or
agreements; and/or

        (vii) act or fail to act in any manner referred to in this Guaranty
which may deprive such Guarantor of its right to subrogation against the
Borrowers to recover full indemnity for any payments made pursuant to this
Guaranty.

        7.    No invalidity, irregularity or unenforceability of all or any part
of the Guaranteed Obligations or of any security therefor shall affect, impair
or be a defense to this Guaranty, and this Guaranty shall be primary, absolute
and unconditional notwithstanding the occurrence of any event or the existence
of any other circumstances which might constitute a legal or equitable discharge
of a surety or guarantor except payment in full of the Guaranteed Obligations.

        8.    This Guaranty is a continuing one and all liabilities to which it
applies or may apply under the terms hereof shall be conclusively presumed to
have been created in reliance hereon. No failure or delay on the part of any
Creditor in exercising any right, power or privilege hereunder shall operate as
a waiver thereof; nor shall any single or partial exercise of any right, power
or privilege hereunder preclude any other or further exercise thereof or the
exercise of any other right, power or privilege. The rights and remedies herein
expressly specified are cumulative and not exclusive of any rights or remedies
which any Creditor would otherwise have. No notice to or demand on any Guarantor
in any case shall entitle such Guarantor to any other further notice or demand
in similar or other circumstances or constitute a waiver of the rights of any
Creditor to any other or further action in any circumstances without notice or
demand. It is not necessary for any Creditor to inquire into the

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capacity or powers of the Borrowers or any of their Subsidiaries or the
officers, directors, partners or agents acting or purporting to act on its
behalf, and any indebtedness made or created in reliance upon the professed
exercise of such powers shall be guaranteed hereunder.

        9.    Any indebtedness of the Borrowers now or hereafter held by any
Guarantor is hereby subordinated to the indebtedness of the Borrowers to the
Creditors; and such indebtedness of the Borrowers to any Guarantor, if the
Administrative Agent, after an Event of Default has occurred and is continuing,
so requests, shall be collected, enforced and received by such Guarantor as
trustee for the Creditors and be paid over to the Creditors on account of the
indebtedness of the Borrowers to the Creditors, but without affecting or
impairing in any manner the liability of such Guarantor under the other
provisions of this Guaranty. Prior to the transfer by any Guarantor of any note
or negotiable instrument evidencing any indebtedness of the Borrowers to such
Guarantor, such Guarantor shall mark such note or negotiable instrument with a
legend that the same is subject to this subordination. Without limiting the
generality of the foregoing, each Guarantor hereby agrees with the Creditors
that it will not exercise any right of subrogation which it may at any time
otherwise have as a result of this Guaranty (whether contractual, under
Section 509 of the Bankruptcy Code or otherwise) until all Guaranteed
Obligations have been irrevocably paid in full in cash.

        10.  (a) Each Guarantor waives any right (except as shall be required by
applicable statute and cannot be waived) to require the Creditors to:
(i) proceed against the Borrowers, any other Guarantor, any other guarantor of
the Borrowers or any other party; (ii) proceed against or exhaust any security
held from the Borrowers or (iii) pursue any other remedy in the Creditors' power
whatsoever. Each Guarantor waives any defense based on or arising out of any
defense of the Borrowers, any other Guarantor, any other guarantor of the
Borrowers or any other party other than payment in full of the Guaranteed
Obligations, including, without limitation, any defense based on or arising out
of the disability of the Borrowers, any other Guarantor, any other guarantor of
the Borrowers or any other party, or the unenforceability of the Guaranteed
Obligations or any part thereof from any cause, or the cessation from any cause
of the liability of the Borrowers other than payment in full of the Guaranteed
Obligations. The Creditors may, at their election, foreclose on any security
held by the Agents or the other Creditors by one or more judicial or nonjudicial
sales, whether or not every aspect of any such sale is commercially reasonable
(to the extent such sale is permitted by applicable law), or exercise any other
right or remedy the Creditors may have against the Borrowers or any other party,
without affecting or impairing in any way the liability of any Guarantor
hereunder except to the extent the Guaranteed Obligations have been paid in
full. Each Guarantor waives any defense arising out of any such election by the
Creditors, even though such election operates to impair or extinguish any right
of reimbursement or subrogation or other right or remedy of such Guarantor
against the Borrowers or any other party or any security.

        (b)  Each Guarantor waives all presentments, demands for performance,
protests and notices, including, without limitation, notices of nonperformance,
notices of protest, notices of dishonor, notices of acceptance of this Guaranty,
and notices of the existence, creation or incurring of new or additional
indebtedness. Each Guarantor assumes all responsibility for being and keeping
itself informed of the Borrowers' financial condition and assets, and of all
other circumstances bearing upon the risk of nonpayment of the Guaranteed
Obligations and the nature, scope and extent of the risks which such Guarantor
assumes and incurs hereunder, and agrees that the Creditors shall have no duty
to advise any Guarantor of information known to them regarding such
circumstances or risks.

        11.  The Creditors agree that this Guaranty may be enforced only by the
action of the Administrative Agent acting upon the instructions of the Required
Lenders (or, after the date on which all Credit Document Obligations have been
paid in full, the holders of at least a majority of the outstanding Other
Obligations) and that no other Creditor shall have any right individually to
seek to enforce or to enforce this Guaranty, it being understood and agreed that
such rights and remedies may be exercised by the Administrative Agent or the
holders of at least a majority of the outstanding Other Obligations, as the case
may be, for the benefit of the Creditors upon the terms of this Guaranty. The
Creditors further agree that this Guaranty may not be enforced against any
director, officer, employee, or stockholder of any Guarantor (except to the
extent such stockholder is also a Guarantor hereunder).

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        12.  In order to induce the Lenders to make Loans pursuant to the Credit
Agreement, and in order to induce the Other Creditors to execute, deliver and
perform the Hedging Agreements, each Guarantor represents, warrants and
covenants that:

        (a)  Such Guarantor (i) is a duly organized and validly existing
corporation, limited liability company, limited partnership or general
partnership and is in good standing under the laws of the jurisdiction of its
organization, and has the corporate, limited liability company, limited
partnership or general partnership power and authority to own its property and
assets and to transact the business in which it is engaged and presently
proposes to engage and (ii) is duly qualified and is authorized to do business
and is in good standing in all jurisdictions where it is required to be so
qualified except where the failure to be so qualified could reasonably be
expected to have a material adverse effect on the business, operations,
property, assets, nature of assets, liabilities, condition (financial or
otherwise) or prospects of such Guarantor or of such Guarantor and its
Subsidiaries taken as a whole.

        (b)  Such Guarantor has the corporate, limited liability company,
limited partnership or general partnership power and authority to execute,
deliver and carry out the terms and provisions of this Guaranty and each other
Document to which it is a party and has taken all necessary corporate or limited
liability company action to authorize the execution, delivery and performance by
it of this Guaranty and each such other Document. Such Guarantor has duly
executed and delivered this Guaranty and each other Document to which it is a
party, and this Guaranty and each such other Document constitutes the legal,
valid and binding obligation of such Guarantor enforceable in accordance with
its terms, except to the extent that the enforceability hereof or thereof may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium or
other similar laws affecting creditors' rights generally and equitable
principles (regardless of whether such enforceability is sought in equity or at
law).

        (c)  Neither the execution, delivery or performance by such Guarantor of
this Guaranty or any other Credit Document to which it is a party, nor
compliance by it with the terms and provisions hereof and thereof: (i) will
contravene any applicable provision of any law, statute, rule or regulation, or
any order, writ, injunction or decree of any court or governmental
instrumentality, (ii) will conflict or be inconsistent with or result in any
breach of, any of the terms, covenants, conditions or provisions of, or
constitute a default under, or result in the creation or imposition of (or the
obligation to create or impose) any Lien upon any of the property or assets of
such Guarantor or any of its Subsidiaries pursuant to the terms of any
indenture, mortgage, deed of trust, credit agreement, loan agreement or any
other agreement or other instrument to which such Guarantor or any of its
Subsidiaries is a party or by which it or any of its property or assets is bound
or to which it may be subject or (iii) will violate any provision of the
certificate of incorporation or by-laws (or equivalent organizational documents)
of such Guarantor or any of its Subsidiaries.

        (d)  No order, consent, approval, license, authorization or validation
of, or filing, recording or registration with, or exemption by, any foreign or
domestic governmental or public body or authority, or any subdivision thereof,
is required to authorize, or is required in connection with, (i) the execution,
delivery and performance of this Guaranty or any other Credit Document to which
such Guarantor is a party, or (ii) the legality, validity, binding effect or
enforceability of this Guaranty or any other Credit Document to which such
Guarantor is a party.

        (e)  There are no actions, suits or proceedings pending or threatened
(i) with respect to this Guaranty or any other Credit Document to which such
Guarantor is a party, (ii) with respect to any Indebtedness of such Guarantor or
any of its Subsidiaries, (iii) that could reasonably be expected to have a
material adverse effect on the performance, business, operations, property,
assets, nature of assets, liabilities, condition (financial or otherwise) or
prospects of such Guarantor or of such Guarantor and its Subsidiaries taken as a
whole or (iv) that could reasonably be expected to have a material adverse
effect on the rights or remedies of the Creditors or on the

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ability of such Guarantor to perform its respective obligations to the Creditors
hereunder and under the other Credit Documents to which it is a party.

        13.  Each Guarantor covenants and agrees that on and after the date
hereof and until the termination of all the Commitments of all of the Lenders
and all Hedging Agreements and when no promissory note or Letter of Credit
remains outstanding and all other Guaranteed Obligations have been paid in full
(other than indemnities described in Section 10.03 of the Credit Agreement which
are not then due and payable), such Guarantor shall take, or will refrain from
taking, as the case may be, all actions that are necessary to be taken or not
taken so that no violation of any provision, covenant or agreement contained in
Article 5 or 6 of the Credit Agreement, and so that no Default or Event of
Default, is caused by the actions of such Guarantor or any of its Subsidiaries.

        14.  The Guarantors hereby jointly and severally agree to pay all
out-of-pocket costs and expenses of each Creditor in connection with the
enforcement of this Guaranty and the protection of such Creditor's rights
hereunder, and in connection with any amendment, waiver or consent relating
hereto (including, without limitation, the fees and disbursements of counsel
employed by the Agents or any of the Creditors).

        15.  This Guaranty shall be binding upon each Guarantor and its
successors and assigns and shall inure to the benefit of the Creditors and their
successors and assigns.

        16.  Neither this Guaranty nor any provision hereof may be changed,
waived, discharged or terminated in any manner whatsoever unless in writing duly
signed by the Administrative Agent (with the consent of (x) the Required Lenders
or, to the extent required by Section 10.02 of the Credit Agreement, all of the
Lenders, at all times prior to the time at which all Credit Agreement
Obligations have been paid in full, or (y) the holders of at least a majority of
the outstanding Other Obligations at all times after the time at which all
Credit Agreement Obligations have been paid in full) and each Guarantor directly
affected thereby (it being understood that the addition or release of any
Guarantor hereunder shall not constitute a change, waiver, discharge or
termination affecting any Guarantor other than the Guarantor so added or
released); provided, that any change, waiver, modification or variance adversely
affecting the rights and benefits of a single class (as defined below) of
Creditors (and not all Creditors in a like or similar manner) shall require the
written consent of the Requisite Creditors (as defined below) of such Class. For
the purpose of this Guaranty, the term "Class" shall mean each class of
Creditors, i.e., whether (i) the Lender Creditors as holders of the Credit
Agreement Obligations or (ii) the Other Creditors as holders of the Other
Obligations. For the purpose of this Guaranty, the term "Requisite Creditors" of
any Class shall mean each of (i) with respect to the Credit Agreement
Obligations, the Required Lenders and (ii) with respect to the Other
Obligations, the holders of at least a majority of all obligations outstanding
from time to time under the Hedging Agreements.

        17.  Each Guarantor acknowledges that an executed (or conformed) copy of
each of the Credit Documents and the Hedging Agreements has been made available
to its principal executive officers and such officers are familiar with the
contents thereof.

        18.  In addition to any rights now or hereafter granted under applicable
law (including, without limitation, Section 151 of the New York Debtor and
Creditor Law) and not by way of limitation of any such rights, upon the
occurrence and during the continuance of an Event of Default (such term to mean
and include any "Event of Default" as defined in the Credit Agreement or any
payment default under any Hedging Agreement and shall in any event, include,
without limitation, any payment default on any of the Guaranteed Obligations
continuing after any applicable grace period), each Creditor is hereby
authorized at any time or from time to time, without notice to any Guarantor or
to any other Person, any such notice being expressly waived, to set off and to
appropriate and apply any and all deposits (general or special) and any other
indebtedness at any time held or owing by such Creditor to or for the credit or
the account of such Guarantor, against and on account of the obligations and
liabilities of such Guarantor to such Creditor under this Guaranty, irrespective
of whether or not such Creditor shall have made any demand hereunder and
although said obligations, liabilities, deposits or claims, or any of them,
shall be contingent or unmatured. Each Creditor acknowledges and agrees that

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the provisions of this Section 18 are subject to the sharing provisions set
forth in Section 10.13(b) of the Credit Agreement.

        19.  All notices, requests, demands or other communications pursuant
hereto shall be deemed to have been duly given or made when delivered to the
Person to which such notice, request, demand or other communication is required
or permitted to be given or made under this Guaranty, addressed to such party at
(i) in the case of any Lender Creditor, as provided in the Credit Agreement,
(ii) in the case of any Guarantor, at its address set forth opposite its
signature below and (iii) in the case of any Other Creditor, at such address as
such Other Creditor shall have specified in writing to the Guarantor; or in any
case at such other address as any of the Persons listed above may hereafter
notify the others in writing.

        20.  If claim is ever made upon any Creditor for repayment or recovery
of any amount or amounts received in payment or on account of any of the
Guaranteed Obligations and any of the aforesaid payees repays all or part of
said amount by reason of (i) any judgment, decree or order of any court or
administrative body having jurisdiction over such payee or any of its property
or (ii) any settlement or compromise of any such claim effected by such payee
with any such claimant (including either Borrower), then and in such event each
Guarantor agrees that any such judgment, decree, order, settlement or compromise
shall be binding upon such Guarantor, notwithstanding any revocation hereof or
the cancellation of any promissory note or any Hedging Agreement or other
instrument evidencing any liability of the Borrowers, and such Guarantor shall
be and remain liable to the aforesaid payees hereunder for the amount so repaid
or recovered to the same extent as if such amount had never originally been
received by any such payee.

        21.  (A) THIS GUARANTY AND THE RIGHTS AND OBLIGATIONS OF THE CREDITORS
AND OF THE UNDERSIGNED HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK.

        (B)  ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS GUARANTY OR ANY
OTHER CREDIT DOCUMENT TO WHICH ANY GUARANTOR IS A PARTY MAY BE BROUGHT IN THE
COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES OF AMERICA FOR THE
SOUTHERN DISTRICT OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS GUARANTY,
EACH GUARANTOR HEREBY IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS
PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID
COURTS WITH RESPECT TO SUCH ACTIONS OR PROCEEDINGS. EACH GUARANTOR FURTHER
IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED
COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY
REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO EACH GUARANTOR AT ITS ADDRESS
SET FORTH OPPOSITE ITS SIGNATURE BELOW, SUCH SERVICE TO BECOME EFFECTIVE 30 DAYS
AFTER SUCH MAILING. EACH GUARANTOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION TO
SUCH SERVICE OF PROCESS AND FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD
OR CLAIM IN ANY ACTION OR PROCEEDING COMMENCED HEREUNDER OR UNDER ANY OTHER
CREDIT DOCUMENT TO WHICH SUCH GUARANTOR IS A PARTY THAT SERVICE OF PROCESS WAS
IN ANY WAY INVALID OR INEFFECTIVE. NOTHING HEREIN SHALL AFFECT THE RIGHT OF ANY
OF THE CREDITORS TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO
COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST EACH GUARANTOR IN ANY
OTHER JURISDICTION.

        (C)  EACH GUARANTOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY
NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR
PROCEEDINGS ARISING OUT OF OR IN CONNECTION WITH THIS GUARANTY OR ANY OTHER
CREDIT DOCUMENT BROUGHT IN THE COURTS REFERRED TO IN CLAUSE (B) ABOVE AND HEREBY
FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT
THAT SUCH ACTION OR

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PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

        (D)  EACH GUARANTOR HEREBY IRREVOCABLY WAIVES ALL RIGHTS TO A TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO
THIS GUARANTY, THE OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED
HEREBY OR THEREBY.

        (E)  EACH GUARANTOR WARRANTS AND AGREES THAT EACH OF THE WAIVERS SET
FORTH ABOVE IS MADE WITH FULL KNOWLEDGE OF ITS SIGNIFICANCE AND CONSEQUENCES AND
THAT IF ANY OF SUCH WAIVERS ARE DETERMINED TO BE CONTRARY TO ANY APPLICABLE LAW
OR PUBLIC POLICY, SUCH WAIVERS SHALL BE EFFECTIVE ONLY TO THE MAXIMUM EXTENT
PERMITTED BY LAW.

        22.  In the event that all of the capital stock of one or more
Guarantors is sold or otherwise disposed of or liquidated in compliance with the
requirements of Section 6.03 of the Credit Agreement (or such sale or other
disposition has been approved in writing by the Required Lenders (or all Lenders
if required by Section 10.02 of the Credit Agreement)) and the proceeds of such
sale, disposition or liquidation are applied in accordance with the provisions
of the Credit Agreement, to the extent applicable, such Guarantor shall be
released from this Guaranty and this Guaranty shall, as to each such Guarantor
or Guarantors, terminate, and have no further force or effect (it being
understood and agreed that the sale of one or more Persons that own, directly or
indirectly, all of the capital stock of any Guarantor shall be deemed to be a
sale of such Guarantor for the purposes of this Section 22).

        23.  All payments made by any Guarantor hereunder will be made without
setoff, counterclaim or other defense.

        24.  This Guaranty may be executed in any number of counterparts and by
the different parties hereto on separate counterparts, each of which when so
executed and delivered shall be an original, but all of which shall together
constitute one and the same instrument. A set of counterparts executed by all
the parties hereto shall be lodged with the United States Borrower and the
Administrative Agent.

        25.  It is understood and agreed that any Subsidiary of the United
States Borrower that is required to execute a counterpart of this Guaranty
pursuant to the Credit Agreement after the date hereof shall automatically
become a Guarantor hereunder by executing a counterpart hereof and delivering
the same to the Administrative Agent.

        26.  It is the desire and intent of each Guarantor and the Creditors
that this Guaranty shall be enforced against each Guarantor to the fullest
extent permissible under the laws and public policies applied in each
jurisdiction in which enforcement is sought. If, however, and to the extent
that, the obligations of each Guarantor under this Guaranty shall be adjudicated
to be invalid or unenforceable for any reason (including, without limitation,
because of any applicable state or federal law relating to fraudulent
conveyances or transfers), then the amount of the Guaranteed Obligations of such
Guarantor shall be deemed to be reduced and such Guarantor shall pay the maximum
amount of the Guaranteed Obligations which would be permissible under applicable
law.

* * *

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        IN WITNESS WHEREOF, each Guarantor has caused this Guaranty to be
executed and delivered as of the date first above written.

Notice Address for each Subsidiary Guarantor:   UNIVISION OF PUERTO RICO INC.
Univision Communications Inc.
c/o Chartwell Partners
1999 Avenue of the Stars, Suite 3050
Los Angeles, CA 90067
Attention:    George Blank
Telephone:    (201) 287-4301
Facsimile:    (201) 287-9577

Attention:    Andrew Hobson
Telephone:    (310) 556-7690
Facsimile:    (310) 556-7615

Attention:    C. Douglas Kranwinkle, Esq.
Telephone:    (310) 556-3568
Facsimile:    (310) 556-3568
 
By:
 
/s/  ROBERT V. CAHILL      

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Name:    Robert V. Cahill
Title:    Executive Vice President     PTI HOLDINGS, INC.,
as a Guarantor
 
 
By:
 
/s/   ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary
 
 
UNIVISION TELEVISION GROUP, INC.,
as a Guarantor
 
 
By:
 
/s/   ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary
 
 
THE UNIVISION NETWORK LIMITED PARTNERSHIP, as a Guarantor
 
 
By:
 
UNIVISION COMMUNICATIONS INC., its General Partner
 
 
By:
 
/s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice Chairman and Secretary

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GALAVISION, INC.,
as a Guarantor
 
 
By:
 
/s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary
 
 
SUNSHINE ACQUISITION L.P., as a Guarantor
 
 
By:
 
SUNSHINE ACQUISITION CORP., its General Partner
 
 
By:
 
/s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary
 
 
SUNSHINE ACQUISITION CORP., as a Guarantor
 
 
By:
 
/s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary
 
 
UNIVISION ACQUISITION CORP., as a Guarantor
 
 
By:
 
/s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Executive Vice President
 
 
UNIVISION ONLINE, INC., as a Guarantor
 
 
By:
 
/s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary

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UNIVISION—EV HOLDINGS, LLC, as a Guarantor
 
 
By:
 
UNIVISION COMMUNICATIONS INC., its sole Member
 
 
By:
 
/s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice Chairman and Secretary
 
 
UNIVISION MUSIC, INC., as a Guarantor
 
 
By:
 
/s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary
 
 
UNIVISION OF DALLAS INC., as a Guarantor
 
 
By:
 
/s/   ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Executive Vice President
 
 
UNIVISION OF HOLLYWOOD, FLORIDA INC., as a Guarantor
 
 
By:
 
/s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Executive Vice President
 
 
UNIVISION SPANISH MEDIA INC., as a Guarantor
 
 
By:
 
/s/   ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Executive Vice President
 
 
UNIVISION OF ATLANTA INC., as a Guarantor
 
 
By:
 
/s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Executive Vice President

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UNIVISION PARTNERSHIP OF DALLAS, as a Guarantor
 
 
By:
 
UNIVISION DALLAS LLC, its General Partner
 
 
By:
 
UNIVISION OF DALLAS INC., its sole Member
 
 
By:
 
/s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Executive Vice President
 
 
UNIVISION PARTNERSHIP OF ATLANTA, as a Guarantor
 
 
By:
 
ATLANTA STATION LLC, its General Partner
 
 
By:
 
UNIVISION OF ATLANTA INC., its sole Member
 
 
By:
 
/s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Executive Vice President
 
 
UNIVISION PARTNERSHIP OF HOLLYWOOD, FLORIDA, as a Guarantor
 
 
By:
 
HOLLYWOOD, FLORIDA STATION LLC., its General Partner
 
 
By:
 
Univision of Hollywood, Florida Inc., its sole Member
 
 
By:
 
/s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Executive Vice President
 
 
STATION WORKS, LLC, as a Guarantor
 
 
By:
 
UNIVISION ACQUISITION CORP., its sole Member
 
 
By:
 
/s/   ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Executive Vice President

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KWEX LICENSE PARTNERSHIP, G.P., as a Guarantor
 
 
By:
 
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
 
 
By:
 
/s/   ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary
 
 
KUVN LICENSE PARTNERSHIP, G.P., as a Guarantor
 
 
By:
 
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
 
 
By:
 
/s/   ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary
 
 
KMEX LICENSE PARTNERSHIP, G.P.,, as a Guarantor
 
 
By:
 
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
 
 
By:
 
/s/   ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary
 
 
KDTV LICENSE PARTNERSHIP, G.P., as a Guarantor
 
 
By:
 
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
 
 
By: /s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary

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KFTV LICENSE PARTNERSHIP, G.P., as a Guarantor
 
 
By:
 
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
 
 
By:
 
/s/   ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary
 
 
KTVW LICENSE PARTNERSHIP, G.P., as a Guarantor
 
 
By:
 
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
 
 
By:
 
/s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary
 
 
KXLN LICENSE PARTNERSHIP, G.P., as a Guarantor
 
 
By:
 
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
 
 
By:
 
/s/   ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary
 
 
WGBO LICENSE PARTNERSHIP, G.P., as a Guarantor
 
 
By:
 
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
 
 
By:
 
/s/   ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary

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WXTV LICENSE PARTNERSHIP, G.P., as a Guarantor
 
 
By:
 
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
 
 
By:
 
/s/   ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary
 
 
WLTV LICENSE PARTNERSHIP, G.P., as a Guarantor
 
 
By:
 
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
 
 
By:
 
/s/   ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary
 
 
KUVS LICENSE PARTNERSHIP, G.P., as a Guarantor
 
 
By:
 
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
 
 
By:
 
/s/   ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary
 
 
KUVI LICENSE PARTNERSHIP, G.P., as a Guarantor
 
 
By:
 
UNIVISION TELEVISION GROUP, INC., its Controlling General Partner
 
 
By:
 
/s/  ROBERT V. CAHILL      

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Name: Robert V. Cahill
Title: Vice President and Secretary

Accepted and Agreed to:

THE CHASE MANHATTAN BANK,
as Administrative Agents for the Lenders

By:
 
/s/   TRACEY NAVIN EWING      
 
 
 
     

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Name: Tracey Navin Ewing
Title: Vice President        

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QuickLinks

Exhibit 10.13

SUBSIDIARY GUARANTY
W I T N E S S E T H