Exhibit 10.17

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT ("Agreement") is entered into as of January 1, 1996, by and between The Univision Network Limited Partnership, a Delaware limited
partnership ("Company") and Andrew Hobson ("Employee").

WITNESSETH:

WHEREAS,
Company and Employee desire to set forth the terms and conditions of Employee's employment with Company.

NOW,
THEREFORE, in consideration of the mutual promises and covenants contained in this Agreement, the Employee and Company agree as follows:

1.Term. Company agrees to employ Employee and Employee agrees to serve Company in accordance with the provisions hereof for
a term commencing on January 1, 1996, and ending on December 31, 1998, unless earlier terminated in accordance with the terms hereof (the "Term").

2.Base Salary. On the condition that Employee shall have kept and performed all of his obligations hereunder, Company shall
pay to Employee a base salary (the "Base Salary") at the annualized rate of $450,000 during the first calendar year of the Term, $500,000 during the second calendar year of the Term, and $550,000
during the third calendar year of the Term. Such salary shall be earned weekly, in arrears, and shall be payable no less frequently than monthly, in accordance with Company's customary practices.

3.Bonuses. Company shall review Employee's performance and the result of operations and prospects of Company on an annual
basis. Following such review, Company may, in its sole and absolute discretion, grant Employee a bonus.

4.Specific Position; Duties and Responsibilities. Company and Employee agree that, subject to the provisions of this
Agreement, Company will employ Employee and Employee will serve as Executive Vice President during the Term. Company shall not significantly diminish Employee's duties under this Agreement during the
Term. Employee agrees to observe and comply with Company's rules and regulations as adopted by Company and agrees to carry out and perform orders, directions and policies of Company and its Management
Committee as they may be, from time to time, stated either orally or in writing. Employee shall have such corporate power and authority reasonably required to enable him to discharge his duties in the
office which he holds.

5.Benefits. Employee shall be entitled to all insurance and other benefits which Company may provide during the Term
(provided Employee is eligible to participate therein) for senior management and for employees of Company generally, as are from time to time in effect during the Term (the "Benefits"). Currently, the
Benefits include (i) disability and life insurance (subject to underwriting requirements), (ii) a vehicle allowance as determined by Company from time to time, (iii) reimbursement
for the cost of an annual physical examination by a physician of Employee's choice, and (iv) fifteen business days paid vacation each year.

Company
agrees that Employee shall be entitled to the following additional Benefits during the Term: (i) five additional business days of paid vacation each year,
(ii) first class air travel subject to Company's travel and expenses policy, (iii) participation in all of the Company's stock option, equity, incentive, or similar plans that are made
available to other senior executives of the Company on a basis no less favorable to the Employee than the participation offered to other senior executives in similar positions, and (iv) upon
expiration or termination of this Agreement by Company other than for cause, relocation to Los Angeles in a manner consistent with the Company's relocation of Employee to New York.

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6.Business Expenses. During the Term, to the extent that such expenditures meet the criteria under the Internal Revenue Code
for deductibility by Company (whether or not fully deductible by Company) for federal income tax purposes as reasonable and necessary business expenses and are substantiated by Employee as from time
to time required by the Internal Revenue Service and by policies of Company, Company shall reimburse Employee promptly for all such expenditures made in accordance with rules
and policies established from time to time by Company's Management Committee in pursuance and furtherance of Company's business and goodwill.

7.Place of Employment.The principal place of employment and the location of Employee's principal office shall be in New
York City, New York, or such other place as shall be mutually agreed upon by Employee and Company; provided, however, that Employee shall be expected to engage in temporary, travel as Company may
reasonably request or as may be required for the proper rendition of services hereunder.

8.Standard Terms and Conditions. This Agreement includes the Standard Terms and Conditions attached hereto and by this
reference made a part of this Agreement. In the event of any conflict between the terms of the Standard Terms and Conditions and any express term or condition above provided, the express terms and
conditions above provided shall prevail. The Standard Terms and Conditions are hereby amended as follows: part (ii) of the second paragraph of Paragraph 1 is amended to permit investment
in publicly traded securities of public corporations provided that no such investment shall exceed 5% of any class of such securities of any such corporation; Paragraph 2(c) is amended by
adding "(other than driving while intoxicated)" after the word "felony" on the ninth line; Paragraph 3(b) is amended to provide for a copy of notices to Employee to be sent to Employee at 211
East 48th Street, New York, New York 10017; and Paragraph 3(g)(4) is amended by adding the word "not" after the word "shall" on the fourth from last line, changing the word "Employee" to
"Company" on the third from last line and changing "following" to "prior to" on the second from last line.

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

| |  | THE UNIVISION NETWORK LIMITED PARTNERSHIP
| |  | -----------------------------------------
| |  | By:                                      
| |  | Its:                                     
| |  | "EMPLOYEE"                               
| |  | /s/ANDREW HOBSONANDREW HOBSON            

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STANDARD TERMS AND CONDITIONS

1.Exclusivity of Services. So long as this Agreement shall continue in effect, Employee shall render his services solely and
exclusively for Company and shall devote his full business time, energy and ability to the business, affairs and interests of Company and matters related thereto, and shall perform services
contemplated hereby in accordance with Company's policies consistent with Employee's position. Employee agrees to faithfully and diligently promote the business, affairs and interests of Company.

Without
the prior express written authorization of Company, Employee shall not, directly or indirectly, during the Term: (a) render services to any other person, firm or
corporation; or (b) directly or indirectly engage in any activity other than the business of Company, whether alone, as a partner, joint venturer or as an officer, director, employee, agent,
consultant or in any other capacity. Company consents to (i) Employee's rendering services for no consideration for any charitable organization provided that rendering such services does not
interfere with performance by Employee of his obligations under this Agreement, and (ii) investments of Employee's personal assets in any business that is not directly or indirectly involved in
any business in which Company, or any affiliate of Company is involved provided that Employee does not render any services in connection with or for any such business.

Employee
represents to Company that Employee has no other outstanding commitments inconsistent with any of the terms of this Agreement or service to be rendered hereunder.

2.Termination. The compensation and other benefits provided for in this Agreement, and the employment of Employee by
Company, shall be terminated prior to expiration of the Term only as provided below in this Section 2:



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3.Miscellaneous.



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