QuickLinks -- Click here to rapidly navigate through this document

Exhibit 10.34

Amendment No. 8 (the "Amendment") To
Employment Agreement between
The Univision Network Limited Partnership ("Univision") and Ray Rodriguez
(the "Employment Agreement")

        December 17, 2001

To:   Ray Rodriguez
c/o Univision

Dear Ray:

You and Univision agree to amend the Employment Agreement as follows:

        1.    Term. The Term of the Employment Agreement is extended through
December 31, 2004, unless earlier terminated in accordance with the provisions
of the Employment Agreement.

        2.    Salary. Your annual Base Salary rate will be Eight Hundred
Thousand Dollars ($800,000) for the annual period from January 1, 2004 through
December 31, 2004.

        3.    Effective Date of Amendment. Upon execution by you and Univision,
this Amendment will become effective as of the date first provided above.

        4.    Notices. Any notice to Univision's General Counsel shall be sent
to the following address: Univision, 5999 Center Drive, Los Angeles, California
90045.

        5.    Other. Except as provided in this Amendment, all other terms and
conditions in the Employment Agreement will remain in full force and effect, and
the Employment Agreement, as amended hereby, is ratified and confirmed.

 
 
THE UNIVISION NETWORK
LIMITED PARTNERSHIP
 
 
By:
 
/s/  GEORGE W. BLANK      

--------------------------------------------------------------------------------

        George W. Blank         Chief Financial Officer
/s/  RAY RODRIGUEZ      

--------------------------------------------------------------------------------

Ray Rodriguez
 
 
 
 

--------------------------------------------------------------------------------

QuickLinks

Amendment No. 8 (the "Amendment") To Employment Agreement between The Univision
Network Limited Partnership ("Univision") and Ray Rodriguez (the "Employment
Agreement")