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Exhibit 10.35.1

Amendment No. 2 (the "Amendment") To
Employment Agreement between
Univision Communications Inc. ("Univision") and Douglas Kranwinkle
(the "Employment Agreement")

November 14, 2001

To:   Douglas Kranwinkle
c/o Univision

Dear Doug:

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

        1.    Salary.    Your annual Base Salary rate will be: Five Hundred
Forty Thousand Dollars ($540,000) for calendar year 2002.

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

        3.    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.

      UNIVISION COMMUNICATIONS INC.                   By: /s/ GEORGE W. BLANK

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George W. Blank
Chief Financial Officer                           /s/ DOUGLAS KRANWINKLE

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Douglas Kranwinkle                                  

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Exhibit 10.35.1

Amendment No. 2 (the "Amendment") To Employment Agreement between Univision
Communications Inc. ("Univision") and Douglas Kranwinkle (the "Employment
Agreement")