Exhibit 10.41

Univision Communications Inc.
1999 Avenue of the Stars, Suite 3050
Los Angeles, California 90067December 19, 2001

CONFIDENTIALGrupo Televisa S.A.
Av. Vasco de Quiroga No. 2000
Colonia Santa Fe
01210 Mexico, D.F.
Mexico
Attention: Mr. Jaime Davila

Re:

Acquisition of Fonovisa Music Group


Gentlemen:

This
letter agreement (this "Letter Agreement") sets forth the understanding and agreement between Univision Communications Inc. ("Buyer") and Grupo Televisa S.A. ("Seller"),
pursuant to which Buyer has agreed to purchase (directly or through a wholly-owned subsidiary of Buyer, at Buyer's option), and Seller has agreed to cause certain of its direct and indirect
subsidiaries to sell, all of the stock of certain indirect subsidiaries of Seller, all subject to the terms and conditions set forth herein (the "Transactions"). The parties agree that this Letter
Agreement is legally binding, and that the consummation of the transactions contemplated herein shall be subject only to the conditions expressly set forth in this Letter Agreement.

The
parties hereto hereby agree as follows:

1.Purchase and Sale. Subject to the terms and conditions of this Letter Agreement, at the Closing
Seller shall cause certain of its direct and indirect subsidiaries to sell and transfer to Buyer, and Buyer shall purchase from such subsidiaries of Seller, all of the capital stock (the "Stock") of
Fonovisa S.A. de C.V., a Mexican Corporation, Fonovisa de Centroamerica S.A., a Costa Rican Corporation, Fonovisa Inc., a Delaware Corporation, and America Musical S.A., a Mexican Corporation
(each a "Company" and collectively, the "Companies").

2.Purchase Price; Allocation.

(a)  The
aggregate purchase price for the Stock (the "Purchase Price") shall be 6,000,000 shares of Buyer's Class A Common Stock (the "Class A Shares") and
100,000 warrants to purchase Class A Common Stock on the terms set forth in the form of warrant attached hereto as Exhibit A (the "Warrants").

(b)  Ninety
percent (90%) of the Class A Shares and of the Warrants shall be allocated to the stock of Fonovisa, Inc.and the remainder shall be allocated to the
stock of the other Companies proportionately, based upon their relative revenues.

3.Closing.

(a)  Subject
to the satisfaction or waiver of the conditions set forth in Section 4 hereof, the closing of the purchase and sale of the Stock (the "Closing") shall
occur at the offices of Buyer's counsel at 1999 Avenue of the Stars, Suite 700, Los Angeles, California on the tenth (10th) business day following the satisfaction of the condition set forth in
Section 4(a)(i), or at such other time and place as the parties mutually agree in writing (the date on which the Closing shall occur, the "Closing Date").

---

(b)  At
the Closing, Seller shall cause its subsidiaries to sell, assign and transfer to Buyer, and Buyer shall purchase from such subsidiaries of Seller, all of such
subsidiaries' right, title and interest in and to the Stock, and Buyer shall issue to Seller (or such wholly-owned subsidiaries of Seller as it shall designate) one or more certificates representing
the Class A Shares and the Warrants.

4.Closing Conditions.

(a)Conditions to Obligations of Each Party. The respective obligation of each party to effect the Closing shall be subject
to:



(b)Conditions to Obligations of Buyer. The obligation of Buyer to effect the Closing shall be subject to the fulfillment or
waiver at or prior to the Closing of the following conditions:



(c)Conditions to Obligations of Seller. The obligation of Seller to effect the Closing shall be subject to the fulfillment
or waiver at or prior to the Closing of the following conditions:



---



5.Long-form Agreement. The parties shall use their commercially reasonable efforts
promptly to negotiate and to enter into a Long-form agreement (the "Long-form Agreement") incorporating the terms and conditions set forth herein. Notwithstanding the
foregoing, the parties expressly acknowledge and agree that this Letter Agreement shall constitute a binding agreement between them subject only to the conditions set forth herein and others customary
for transactions of this type. If such Long-form Agreement is not executed and delivered on or prior to January 15, 2002, then (a) this Letter Agreement shall constitute such
Long-form Agreement, (b) the parties shall promptly proceed to the Closing and to consummate the transactions contemplated hereunder and the obligations of the parties shall be
governed by this Letter Agreement, and (c) all references herein to the Long-form Agreement shall be deemed references to this Letter Agreement. This Letter Agreement supersedes all
prior agreements and understandings between the parties with respect to the subject matter, except to the extent otherwise provided herein.

6.Representations and Warranties.

(a)Seller. Subject to matters pertaining to the Companies of which either Andrew Hobson or Douglas Kranwinkle has actual
knowledge, Seller makes the following representations and warranties in such form as is customary for similar music company transactions:



---



---



(b)Buyer. Buyer makes the following representations and warranties in such form as is customary for similar music company
transactions:



(c)Inclusion in Long-form Agreement. The Long-form Agreement shall contain the representations and
warranties from Seller and Buyer referred to above and others that are customary in a transaction of this type and size and will be negotiated in good faith (each of which representations and
warranties shall be subject to customary materiality and other customary exceptions). Seller and Buyer acknowledge and agree that if the Long-form Agreement is not executed, this Letter
Agreement shall be deemed to contain the representations and warranties from the respective parties referred to above in such form as is customary for similar music company transactions, each of which
shall be deemed to be subject to materiality and other customary exceptions.

7.Pre-Closing Filing.

HSR.As promptly as practicable and no later than January 11, 2002, Seller and Buyer shall
complete any filing that may be required pursuant to the HSR Act. Seller and Buyer shall diligently take, or fully cooperate in the taking of, all necessary and proper steps, and provide any
additional information reasonably requested in order to comply with, the requirements of the HSR Act.

8.Covenants.

(a)Affirmative and Negative Covenants. Seller agrees that from the date hereof through the earlier of the Closing or the
termination of this Letter Agreement, unless otherwise agreed to by Buyer in writing (such agreement not to be unreasonably withheld or delayed), Seller shall cause the Companies:



(b)Access to Information. Seller will afford Buyer and its advisors reasonable access during business hours to the offices,
properties, other facilities, books and records relating to the business of the Companies and to those officers, employees, agents, accountants, counsel and representatives of Seller and the Companies
who have knowledge relating to its business..

(c)Cooperation. Buyer and Seller will cooperate with each other to the fullest extent in preparing the Long-form
Agreement and any related agreements and other necessary documentation as soon as

---

possible, obtaining all necessary consents from third parties and complying with all regulatory requirements.

(d)Confidentiality. Except as required by law, neither party will disclose the contents of this letter or the fact that
discussions are taking place or have taken place concerning the Transaction, or any of the terms, conditions or other facts with respect to the Transaction to any individual or entity, other than such
party's employees, parent company and majority-owned subsidiaries, agents and representatives (such as attorneys, accountants or consultants) who both have (i) a need to know; and
(ii) who expressly agree to abide by these nondisclosure restrictions; provided that the receiving party will remain primarily liable for breach by any such person or entity. In addition, each
party shall (and shall cause its representatives to) keep confidential any information provided to it by the other party in connection with the Transactions. The obligations set forth in the
immediately preceding sentence shall survive the termination of this Letter Agreement.

9.Indemnification.

(a)Indemnification by Seller. From and after the Closing Date, Seller shall indemnify Buyer from and against all losses
incurred by Buyer resulting from (i) any misrepresentation or breach of the representations and warranties of Seller contained herein; and (ii) any breach by Seller of any covenants of
Seller contained herein. Seller shall not be liable to Buyer in respect of any indemnification under clause (i) (other than indemnification with respect to breaches of clause (vii) of
Section 6(a) for which Seller shall be liable from the first dollar) except to the extent that the aggregate amount of losses of Buyer exceeds five million dollars (US$5,000,000), in which case
Seller shall be liable for all such losses in excess thereof. The maximum aggregate liability of Seller to Buyer and any third parties for any and all losses shall not exceed an amount equal to two
hundred million dollars (US$200,000,000) (the "Cap"). No claim for indemnification may be made hereunder by Buyer at any time after such date that is twenty-four (24) months after
the date of the Closing; provided that claims for breaches relating to taxes and environmental matters may be made at any time up to the expiration of the relevant statute of limitations for taxes and
five years for environmental. The Long-form Agreement will contain a separate customary provision relating to tax indemnities and the procedures relating thereto. Notwithstanding any other
provision of this Letter Agreement herein or in the Long-form Agreement to
the contrary, Buyer acknowledges and agrees that the (i) the indemnification provisions set forth herein shall be the sole and exclusive remedy available to Buyer for any breach by Seller of
this Letter Agreement or the Long-form Agreement, and (ii) maximum aggregate liability of Seller shall not exceed the Cap, regardless of whether Buyer seeks indemnification pursuant
to this Letter Agreement or otherwise the regardless of the form of action, whether in contract or tort.

(b)Indemnification by Buyer. From and after the Closing Date, Buyer shall indemnify Seller from and against all losses
incurred by Seller resulting from: (i) any misrepresentation or breach of the representations and warranties of Buyer contained herein; or (ii) any breach by Buyer of any covenants of
Buyer contained herein. Buyer shall not be liable to Seller in respect of any indemnification under clause (i) except to the extent that the aggregate amount of losses of Seller exceeds five
million dollars (US$5,000,000), in which case Buyer shall be liable for all such losses in excess thereof. The maximum aggregate liability of Buyer to Seller and any third parties for any and all
losses shall not exceed an amount equal to two hundred million dollars (US$200,000,000). No claim for indemnification may be made hereunder by Seller at any time after such date that is
twenty-four (24) months after the date of the Closing.

10.Transaction Expenses. Buyer and Seller will each bear their own expenses incurred in connection
with the negotiation and preparation of this Letter Agreement, the Long-form Agreement and the related documents and the consummation of the transactions contemplated hereby.

11.Exclusive Dealing. During the period from the date hereof until the earlier to occur of the
termination of this Letter Agreement or the execution of the Long-form Agreement (i) Seller will not, and will cause its officers, directors and agents (collectively,
"Representatives") not to, directly or indirectly participate in any negotiations or solicit, knowingly initiate, accept or knowingly encourage

---

submission of inquiries, proposals or offers from any potential buyer relating to the disposition of the underlying assets (or any material part thereof) or of the stock of any of the Companies with
any entity other than Buyer or its affiliates and (ii) neither Buyer nor Seller shall enter into any agreement or take any action that by its terms or effect could reasonably be expected to
have a material adverse effect on the ability of the parties hereto to consummate the Acquisition. Seller will promptly notify Buyer of any unsolicited inquiry, proposal or offer from any potential
buyer of which Seller or its Representatives have knowledge relating to the stock of the stock of any of the Companies or the underlying assets (or any material part thereof) of the stock of any of
the Companies and will refrain from engaging in negotiations or providing any information in response to such inquiry, proposal or offer.

12.Public Announcements. Buyer and Seller will consult with each other before issuing any press
release or otherwise making any public statements with respect to the transactions contemplated hereby and will not issue any such press release or make any such public statement prior to such
consultation, except as may be required by law or by obligations pursuant to any listing agreement with any national securities exchange.

13.Termination.

(a)  The
parties' obligations under this Letter Agreement may be terminated prior to the Closing as follows:



(b)  In
the event of the termination of this Letter Agreement pursuant to Section 13(a), this Letter Agreement shall forthwith become void, there shall be no liability
on the part of Buyer or Seller and all rights and obligations of any party hereto (other than the confidentiality obligations set forth in the second sentence of Section 8(d)) shall cease,
except that nothing herein shall relieve any party for any willful breach of this Letter Agreement.

14.Amendment. Any amendment, supplement, modification or waiver of or to any provision of this
Letter Agreement will be effective only if it is made in writing signed by Buyer and Seller and only in the specific instance and for the specific purpose for which made or given.

15.Notices. All notices and other communications given or made pursuant hereto shall be in writing
and shall be deemed to have been duly given or made as of the date delivered, mailed or transmitted, and shall be effective upon receipt, if delivered personally, mailed by registered or certified

---

mail to the parties at the following addresses (or at such other address for a party as shall be specified by like changes of address) or sent by electronic transmission to the parties hereto:

| |  | (a) |  | If to Buyer:                                                                                                                                                                                                                                                                                                                        
| |  | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  |     |  |                                                                                                                                                                                                                                                                                                                                     
| |  |     |  | Univision Communications Inc.
1999 Avenue of the Stars, Suite 3050
Los Angeles, California 90067
Attention: C. Douglas Kranwinkle
Telecopier No: (310) 556-3568
With a copy to:
O'Melveny & Myers LLP
1999 Avenue of the Stars, Suite 700
Los Angeles, CA 90067
Attention: Kendall R. Bishop
Telecopier No: (310) 246-6779          
| |  |     |  |                                                                                                                                                                                                                                                                                                                                     
| |  | (b) |  | If to Seller:                                                                                                                                                                                                                                                                                                                       
| |  |     |  |                                                                                                                                                                                                                                                                                                                                     
| |  |     |  | Grupo Televisa, S.A.
Av. Vasco de Quiroga No. 2000
Edificio A, Piso 4, Colonia Santa Fe
01210, Mexico, DF
Attention: Alfonso de Angoitia
Telecopier No: 011-52-55-5-261-2451
With a copy to:
Fried, Frank, Harris, Shriver & Jacobson
One New York Plaza
New York, New York 10004
Attention: Joseph Stern
Telecopier: (212) 859-8586

16.CounterpartsThis Letter may be executed in two or more counterparts, each of which will be
deemed to be an original but all of which will constitute one and the same agreement.

17.Governing Law. This Letter Agreement is, and the Long-form Agreement will be,
governed by the construed in accordance with the laws of the State of California, without giving effect to the conflicts of law principles thereof.

[The remainder of this page intentionally left blank.]
* * * * * * *

---

If the foregoing is set forth over mutual agreement and understanding, please execute below.

| |  | Very truly yours,            
| |  | -----------------------------
| |  | UNIVISION COMMUNICATIONS INC.
| |  |                              
| |  | BY:                          

ACCEPTED, AGREEDTO AND ACKNOWLEDGED
This 19th day of December, 2001

|GRUPO TELEVISA S.A. |  |                     |  |                          
|------------------- |  | ------------------- |  | -------------------------
|By:                 |  | /s/ JORGE LUTTEROTH |  | /s/ MA. AZUCENA DOMINGUEZ
|                    |  |                    
|Name:               |  | Jorge Lutteroth     |  | Ma. Azucena Dominguez    
|                    |  |                    
|Title:              |  | Attorney in Fact    |  | Attorney in Fact         
|                    |  |                    

---

QuickLinks