Document:

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                                                                   EXHIBIT 10.17

                 SECURED PROMISSORY NOTE AND PLEDGE AGREEMENT
                 --------------------------------------------

$360,366.38                                                     October 16, 1996
                                                         Los Angeles, California

     FOR VALUE RECEIVED, the undersigned Paul A. Zevnik (the "Maker") promises
to pay to the order of Entravision Communications Company, L.L.C., a Delaware
limited liability company (the "Holder"), or order, at 11900 Olympic Boulevard,
Suite 590, Los Angeles, California 90064, or at such other place as may be
designated in writing by the Holder of this Promissory Note and Pledge Agreement
(the "Note and Pledge Agreement"), the principal sum of Three Hundred Sixty
Thousand Three Hundred Sixty-Six and 38/100 Dollars ($360,366.38), together with
interest on the unpaid balance at the rate of 5.625% per annum commencing on the
date first set forth above. Interest payable hereunder shall be calculated on
the basis of a three hundred and sixty-five (365) day year.

     Subject to the provisions for acceleration herein, all principal and
interest due hereunder shall be due and payable in one (1) installment of
principal and all accrued interest on October 16, 2001. The foregoing sentence
notwithstanding, in the event that (i) Holder sells all or substantially all of
its assets and elects to liquidate and dissolve in connection with such sale or
(ii) Maker sells all or substantially all of  its interest in Holder, then all
outstanding principal and all accrued but unpaid interest at such time shall be
immediately due and payable to Holder.

     Maker may prepay, at any time, all or part of the principal balance due
under this Note and Pledge Agreement, without premium or penalty; provided,
however, that with each prepayment, Maker shall also pay the interest accrued on
the principal amount, to and including the date of such prepayment.  All
principal and interest due hereunder is payable in lawful money of the United
States of America.

     Interest not paid when due shall bear interest at the same rate as unpaid
principal, provided that in no event shall such interest exceed the maximum rate
permitted by law.

     This Note and Pledge Agreement and all transactions hereunder shall be
governed by, construed under and enforced in accordance with the laws of the
State of Delaware as applied without reference to the principles of conflicts of
law.

     Maker hereby delivers, pledges and grants a first priority security
interest to Holder in 18,029 Class A Units of the Holder (the "Units") and in
all rights or other distributions issued as an addition to, in substitution or
in exchange for, or on account of, the Units (collectively the "Rights"), and
all proceeds of the foregoing, now or hereafter acquired by Maker.  Maker hereby
gives Holder the right to file financing statements in the State of California
and the District of
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Columbia and to perform any other action necessary to perfect or protect such
security interest. The Units and the Rights and the proceeds of each of the
foregoing, are hereinafter collectively referred to as the "Collateral."

     The security interest pursuant to this Note and Pledge Agreement is given
as security for the full and timely payment, performance and satisfaction of any
and all of Maker's obligations and liabilities owing to Holder pursuant to this
Note and Pledge Agreement, including all interest due under this Note and Pledge
Agreement and extensions, modifications and renewals hereof.  All such
obligations and liabilities of Maker are hereafter collectively referred to as
the "Obligations."  The Obligations shall include, without limitation, any and
all amounts expended by Holder in accordance with the terms of this Note and
Pledge Agreement, including reasonable attorneys' fees and costs.

     Maker hereby appoints Holder as its attorney-in-fact to arrange, at any
time during the existence of, or after the occurrence of, a Default, and
pursuant to the exercise of Holder's remedies under the California Uniform
Commercial Code for the transfer of the Collateral on the books of Entravision
Communications Company, L.L.C., a Delaware limited liability company, to the
name of Holder or to the name of Holder's nominee.

     In the event Maker shall become entitled to receive, or shall receive, in
connection with any of the Collateral, (i) any membership unit certificate,
including any certificate representing a membership unit dividend or any
certificate in connection with any increase or reduction of capital,
reclassification, merger, consolidation, sale of assets, combination of
membership unit, membership unit split or spin-off, (ii) any option, warrant or
right, whether as an addition to or in substitution of any of the Collateral, or
otherwise, (iii) any dividend or distribution payable in property, including
securities issued as a dividend on the Collateral, or (iv) any other
distributions of any kind whatsoever, Maker shall accept same as encumbered by
the security interest created hereby, and shall deliver same forthwith to Holder
in the exact form received, including as appropriate, Maker's endorsement of
appropriate membership unit powers duly executed in blank, to be held as a part
of the Collateral, subject to the terms hereof, or, in the case of a cash
dividend payable with respect to the Units, to be applied as a payment of
principal due under this Note and Pledge Agreement; provided, however, that for
so long as no Default (defined below) is in existence and there is no condition
or event in existence which, with notice or lapse of time, or both, would become
a Default, Maker shall have sole voting rights with respect to the Collateral.

     Maker warrants and represents to Holder that (a) Maker has power and
authority to enter into this Note and Pledge Agreement and to pledge the Units
for the purposes described herein, (b) Maker is the legal record and beneficial
owner of all of the Units, (c) except as set forth in that certain Pledge
Agreement dated as of December 31, 1996 between Maker and Union Bank of
California, N.A. ("Union Bank") (the "Union Bank Pledge Agreement"), all of the
Units are owned by Maker free of any pledge, mortgage, lien or security interest
of any kind, except as created hereby or other junior liens consented to in
writing by Holder, (d) the execution and delivery by Maker of this Note and
Pledge Agreement, and subject to the Union Bank Pledge

                                      -2-
<PAGE>

Agreement, the performance of its terms, will not result in any violation or
default under the terms of any agreement or instrument, or any law or
governmental rule or regulation applicable to Maker or the Units, including,
without limitation, securities registration, securities disclosure or similar
laws, (e) upon execution and delivery by Maker of this Note and Pledge Agreement
and upon the filing of financing statements in the State of California and the
District of Columbia (which financing statements may be filed only after Union
Bank files its financing statements pursuant to the Union Bank Pledge
Agreement), this Note and Pledge Agreement shall create a valid and perfected
first priority security interest (subject to the rights of Union Bank under the
Union Bank Pledge Agreement) in the Units and the proceeds thereof, subject to
no other prior or subordinate security interest and (f) there are no
restrictions upon the rights or affecting the transfer of any of the Collateral
except for junior liens consented to in writing by Holder and the rights of
Union Bank under the Union Bank Pledge Agreement.

     Maker hereby covenants that, until such time as the Obligations have been
fully paid, performed and satisfied:  (a) except as set forth in the Union Bank
Pledge Agreement, Maker will not sell, convey or otherwise dispose of any of the
Collateral or any interest therein, or create, incur or permit to exist any
pledge, mortgage, lien, charge, encumbrance or any security interest whatsoever
in or with respect to any of the Collateral, or the proceeds thereof, other than
the security interest created hereby and junior liens consented to in writing by
Holder; (b) Maker will defend Holder's right, title and security interest in and
to the Collateral (subject to the rights of Union Bank under the Union Bank
Pledge Agreement) against the claims of any person or entity; (c) Maker will
promptly deliver to Holder a copy of all written notices or correspondence
received by Maker with respect to the Collateral; and (d) Maker shall, at
Maker's own expense, promptly execute, acknowledge and deliver all such
instruments and take all such actions as Holder from time to time may reasonably
request in order to ensure to Holder the benefits of the lien in and to the
Units intended to be created by this Note and Pledge Agreement.

     As used herein, the term "Default" shall mean the occurrence of any one or
more of the following events or conditions:  (a) the failure of full and timely
payment, or full and timely performance and satisfaction, whether by
acceleration or otherwise, of any of the Obligations in accordance with their
terms; (b) Maker admits in writing its inability to pay its debts as they become
due or makes a general assignment for the benefit of creditors or files any
petition or action for relief under any bankruptcy, reorganization, insolvency
or moratorium law, or any other law or laws for the relief of, or relating to,
debtors; or (c) an involuntary petition is filed against Maker under any
bankruptcy, reorganization, insolvency or moratorium law, or any other law or
laws for the relief of, or relating to, debtors unless such petition shall be
dismissed or vacated within sixty (60) days of the date thereof.

     Upon the occurrence or existence of a Default, Holder shall have, in
addition to any other rights given by law or the rights hereunder (subject to
the rights of Union Bank under the Union Bank Pledge Agreement) (a) the right to
declare immediately due and payable the entire unpaid principal amount of this
Note and Pledge Agreement, together with all interest thereon, plus any other
amounts payable at the time of such declaration pursuant to this Note and Pledge
Agreement,

                                      -3-
<PAGE>

and (b) all of the rights and remedies with respect to the Collateral of a
secured party under the California Uniform Commercial Code. Holder's rights
shall include, without limitation, the right to proceed immediately to have any
or all of the Collateral registered in Holder's name or in the name of a
nominee, to exercise all voting rights with respect to the Collateral and all
other corporate rights, privileges or options pertaining thereto as if Holder
were the absolute owner thereof, and to receive any, and to continue to apply,
all cash dividends against the Obligations. In addition, with respect to the
Collateral, or any part thereof, which shall then be or shall thereafter come
into the possession or custody of Holder, Holder may sell or cause the same to
be sold at any broker's board or at public or private sale, in one or more sales
or lots, at such price as Holder may deem best, and for cash or on credit or for
future delivery, without assumption of any credit risk, and the purchaser of any
or all of the Collateral so sold shall thereafter hold the same absolutely, free
from any claim, encumbrance or right of any kind whatsoever. Unless the
Collateral threatens to decline speedily in value or becomes of a type sold on a
recognized market, Holder will give Maker reasonable notice of the time and
place of any public sale thereof, or of the time after which any private sale or
other intended disposition is to be made. Any sale of the Collateral conducted
in conformity with reasonable commercial practices of banks, insurance companies
or other financial institutions disposing of property similar to the Collateral,
whether conducted solely by Holder or in concert with other creditors of Maker,
shall be deemed to be commercially reasonable. Any requirements of reasonable
notice shall be met if such notice is mailed to Maker, at 1299 Pennsylvania Ave.
N.W., Suite 990, Washington, D.C. 20004, at least ten (10) days before the time
of the sale or disposition. Any other requirement of notice, demand or
advertisement for sale, is, to the extent permitted by law, hereby waived by
Maker. Holder may, in its own name, or in the name of a designee or nominee, buy
the Collateral at any public sale of the Collateral. Maker will pay to Holder
all expenses (including court costs and reasonable attorneys' fees and expenses)
of, or incident to, the enforcement of any of the provisions hereof. In
connection with any sale of Collateral by Holder, Holder shall have the right to
execute any document or form, in its name or the name of Maker, which may be
necessary or desirable in connection with such sale. Upon the occurrence or
existence of any event of Default and all times thereafter, Holder shall be
entitled to receive and retain for its own account any and all dividends at any
time declared upon any of the Collateral.

     In view of the fact that federal and state securities laws may impose
certain restrictions on the method by which a sale of the Collateral may be
effected after an event of Default and prohibit or prevent the advertising for
sale of all or any part of the Collateral as required by the California Uniform
Commercial Code, Maker agrees that upon the occurrence or existence of a
Default, Holder may, from time to time, attempt to sell all or any part of the
Collateral by one or more private placements or sales restricting the bidder and
prospective purchasers to those who will represent and agree that they are
purchasing for investment only and not for distribution or resale.  In so doing,
Holder may solicit offers to buy the Collateral, or any part of it for cash,
from a limited number of investors deemed by Holder, in its reasonable judgment,
to be respectable parties who might be interested in purchasing the Collateral,
and if Holder solicits such offers from not less than four (4) such investors,
then the acceptance by Holder of the highest offer

                                      -4-
<PAGE>

obtained therefrom shall be deemed to be a commercially reasonable method of
disposition of such Collateral.

     The proceeds of any disposition of all or any part of the Collateral, as
provided above, shall be applied as follows:  (i) first, to the costs and
expenses incurred in connection therewith or incidental thereto, including
reasonable attorneys' fees and legal expenses; (ii) second, to the satisfaction
of the Obligations; (iii) third, to the payment of any other amounts required by
applicable law; (iv) fourth, to satisfy any amounts owing which are secured by
junior liens consented to in writing by Holder; and (v) fifth, to Maker to the
extent of any surplus remaining.

     Upon full payment and performance of all of the Obligations by Maker and
upon payment of all additional costs and expenses provided herein, this Note and
Pledge Agreement shall terminate and Holder shall deliver to Maker, at Maker's
expense, such of the Units as shall not have been sold, or otherwise disposed of
pursuant to this Note and Pledge Agreement.

     If an action is instituted for collection of this Note and Pledge
Agreement, the Maker agrees to pay court costs and reasonable attorneys' fees
incurred by the Holder.

     This Note and Pledge Agreement may be changed, modified, amended or
terminated only by a written instrument duly executed by Holder and Maker,
except as expressly provided to the contrary herein.

     Except as expressly provided herein, Maker of this Promissory Note and
Pledge Agreement waive diligence, presentment, protest and demand and also
notice of protest, demand, dishonor and nonpayment of this Promissory Note and
Pledge Agreement, and expressly agree that this Promissory Note and Pledge
Agreement, or any payment hereunder, may be extended from time to time and
consent to the acceptance of security, if any, or the release of security, if
any, from this Promissory Note and Pledge Agreement, all without in any way
affecting the liability of the Maker and endorsers or guarantors hereof, if any.

                                      -5-
<PAGE>

     IN WITNESS WHEREOF, the undersigned has caused this Note and Pledge
Agreement to be duly executed, effective the day and year first above written.

"MAKER"                            /s/ Paul A. Zevnik
                                   ----------------------------------
                                   Paul A. Zevnik

ACKNOWLEDGED AND AGREED TO:

Entravision Communications Company, L.L.C.,
a Delaware limited liability company

By:/s/ Walter F. Ulloa
   ------------------------------------
Print Name:____________________________
Title:_________________________________

                                      -6-<PAGE>

                                                                   EXHIBIT 10.24

                         NETWORK AFFILIATION AGREEMENT
                         -----------------------------

          This Network Affiliation Agreement is entered into this ____ day of
_______________, 2000, by and between [____________________________________] and
UNIVISION NETWORK LIMITED PARTNERSHIP.

          WHEREAS, AFFILIATE, as licensee of the Station pursuant to an
authorization issued by the FCC, intends to offer a full time Spanish language
television program service using the facilities of the Station;

          WHEREAS, UNIVISION operates the UNIVISION Network, which provides
Spanish language television programming on a national, interconnected basis; and

          WHEREAS, AFFILIATE desires to affiliate with the UNIVISION Network,
and to appoint UNIVISION as the Station's exclusive national and regional sales
representative.

          NOW, THEREFORE, in consideration of the mutual covenants,
undertakings, agreements, and representations herein contained, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by the parties, it is hereby agreed as follows:

          1.   Definitions. In computing compliance with time periods specified
               -----------
in this Agreement, calendar days shall be utilized rather than business days.
For the purposes of this Agreement, the following terms shall have the following
meanings:

               AFFILIATE, first used in the preamble to this Agreement, means
[________________________________________].

               Agreement, first used in Section 1 hereof, means the instant
Network Affiliation Agreement.

               Authorized Preemption, first used in Section 23(y) below, means a
failure by AFFILIATE to broadcast any UNIVISION Program (i) pursuant to Section
5(a) of this Agreement, (ii) due to force majeure as provided for in Section 11
of this Agreement, or (iii) for which AFFILIATE has obtained the written consent
of UNIVISION.

               Commencement Date has the meaning established in Section 2
hereof.

                                       1
<PAGE>

          Commercial Availability, first used in Section 23(q) hereof, means a
unit of time of whatever length available for the broadcast of commercial
advertising announcements, promotional announcements, and/or station
identification announcements.

          FCC, first used in the preamble to this Agreement, means the Federal
Communications Commission or any successor agency.

          Force Majeure Event, first used in Section 11 hereof, means any act of
God, labor dispute, non-delivery by program suppliers or others, failure or
breakdown of satellite or other facilities, legal enactment, governmental order
or regulation or any other similar or dissimilar cause beyond the control of
UNIVISION or AFFILIATE, as the case may be. Nothwithstanding the foregoing, with
regard to AFFILIATE, Force Majeure Event shall not include Year 2000 Failure.

         Local Availability, first used in Section 6(b) hereof, means a
Commercial Availability designated by UNIVISION pursuant to this Agreement for
broadcast of a commercial advertisement by the Station and not by other
UNIVISION affiliates on an interconnected or delayed telecast basis.

          Local Programming first used in Section 5(b) hereof, means
collectively, all local and syndicated programs, public service announcements,
promotional announcements, station identifications and other interstitial
material which are originated and broadcast by Station.

         Local Programming Window, first used in Section 4(b) hereof, means a
time period indicated on the attached Schedule A as being occupied by Local
Programming.

          Local Sale, first used in Section 6(f) hereof, means a Sale of
advertising for broadcast on AFFILIATE's Station, and not for broadcast on the
UNIVISION Network generally, made by the local sales staff of AFFILIATE.

          National Sale, first used in Section 6(f) hereof, means a Sale of
advertising for broadcast on AFFILIATE's Station, and not for broadcast on the
UNIVISION Network generally, made by UNIVISION as the national and regional
sales representative of AFFILIATE, and any other Sale which is of a type
normally considered within the broadcast industry to be a national or a regional
advertising sale.

          Net Allocated Network Sales, first used in Section 7(c) hereof, means
that portion of all Net Network Sales computed by multiplying the total amount
of Net Network Sales by the Net Allocated Network Sales Percentage.

          Net Allocated Network Sales Percentage, first used in Section 24(m)
hereof, means [___]%.

                                       2
<PAGE>

          Net National Sale, first used in Section 7(a) hereof, means a National
Sale of advertising net only of agency commission.

          Net Network Sale, first used in Section 6(h) hereof, means a Network
Sale of advertising net only of agency commission.

          Network Availability, first used in Section 4(b)(ii) hereof, means a
Commercial Availability designated by UNIVISION pursuant to this Agreement for
the simultaneous broadcast of a commercial announcement by multiple UNIVISION
affiliates on an interconnected basis, including delayed telecasts pursuant to
Section 10 of this Agreement.

          Network Exclusivity Zone, first used in Section 4(k) hereof, means the
applicable area as set forth in by Section 76.92 through 76.97 of the FCC's
rules.

           Network Sale, first used in Section 6(e) hereof, means a Sale of
advertising for broadcast on the UNIVISION Network.

           Network Time, first used in Section 6 hereof, means the entire clock
hour or half-hour during which a UNIVISION Program is broadcast including
Station breaks and adjacencies. (E.g., for a one-hour UNIVISION Program
broadcast during the 7:00 and 8:00 time period, all commercials sold between
7:00 and 8:00 are within Network Time, even if the program actually began a
minute or two after 7:00 and ended a minute or two before 8:00.)

          Non-Network Programming, first used in Section 8 hereof, means
programs, program series, and programming of any nature or kind, including, but
not limited to, special sports programs and special events programs, such as
political conventions, election coverage, presidential inaugurations, parades,
and pageants, and other programs and program series, which are not then
regularly scheduled by UNIVISION for broadcast on an interconnected basis by
affiliates of the UNIVISION Network during those hours that then comprise the
UNIVISION Network Programming Schedule.

          Sale, first used in Section 6(f) hereof, means a sale of advertising.

          Station, first used in the preamble to this Agreement, means
television Station [_________, _________,___________].

          Terms Sheet, first used in Section 8 hereof, means a writing setting
forth the principal terms and conditions on which UNIVISION offers a non-network
program or program series to AFFILIATE, including, but not limited to, the time
permitted for acceptance of said offer by AFFILIATE.

          Unauthorized Preemption, first used in Section 9 hereof, means any
preemption or failure to broadcast any UNIVISION Program, in whole or in part,
other than an Authorized Preemption.

                                       3
<PAGE>

          UNIVISION, first used in the preamble to this Agreement, means
UNIVISION NETWORK LIMITED PARTNERSHIP.

          UNIVISION Network, first used in the preamble to this Agreement, means
a program service distributed by or on behalf of UNIVISION on an interconnected
basis to affiliates for broadcast to the public.

          UNIVISION Network Program Schedule, first used in Section 4(b) hereof,
means the programming provided by UNIVISION to its affiliates on a regular basis
for broadcast during a UNIVISION Network Time Period, including, but not limited
to, all UNIVISION Network Programming, commercial announcements, UNIVISION
identification announcements, UNIVISION promotional announcements, public
service announcements, credits and cross promotional announcements for any of
UNIVISION's other networks, or any other network or program service owned or
operated by, or under common ownership or control with, UNIVISION, including but
not limited to cable programming networks such as Galavision and Telehit, and
other interstitial material distributed by UNIVISION to AFFILIATE.

          UNIVISION Network Programming, first used in Section 1 hereof, means,
collectively, all UNIVISION Programs, public service announcements, promotional
announcements, network identifications and other interstitial material which are
distributed to affiliates of the UNIVISION Network.

          UNIVISION Network Time Period, first used in Section 24(bb) hereof,
means the time periods indicated on the attached Schedule A as being occupied by
Univision Network Programming.

          UNIVISION Program, first used in Section 4 hereof, means a television
program distributed by or on behalf of UNIVISION for broadcast on an
interconnected basis by affiliates of the UNIVISION Network.

     2.   Programming.  UNIVISION shall deliver to Station for free over the air
          -----------
television broadcasting on Station, all UNIVISION Network Programming which
UNIVISION makes available to be broadcast on the UNIVISION Network on a
television network basis in the community in which the Station is located,
except as hereinafter provided.  Subject to the limitations set forth in this
Agreement, AFFILIATE is hereby authorized to broadcast during the term of this
Agreement the UNIVISION Network Programming over the facilities of the Station.
AFFILIATE shall not and shall not authorize others to broadcast, rebroadcast, or
otherwise use any program (or part thereof) or other material supplied by
UNIVISION except as specified in this Agreement or specifically authorized in
writing by UNIVISION.

     3.   Term. The initial term of this Agreement shall commence on
          ----
[________________ ___, 199__] (the "Commencement Date"), and, subject to the
early termination provisions set forth herein, shall terminate at 11:59 p.m. on
_______________ ___,

                                       4
<PAGE>

_____ ("Initial Term"). After the Initial Term, the term of this Agreement
may be extended for additional successive terms of two (2) years each by
UNIVISION, in its sole discretion, giving written notice of such extension and
the terms and conditions upon which such extension is offered to AFFILIATE at
least ninety (90) days prior to the expiration of the then current term;
provided, however, that if, within thirty (30) days of the AFFILIATE's receipt
of an extension notice from UNIVISION, AFFILIATE, in its sole discretion, gives
UNIVISION written notice that AFFILIATE rejects such extension on such terms and
conditions, then the extension notice shall not be effective and this Agreement
shall terminate upon expiration of the then-current period. UNIVISION shall have
no obligation, whether express or implied, to extend this Agreement beyond its
initial term or to continue the affiliation of the Station with UNIVISION or the
UNIVISION Network, whether or not on terms or conditions equivalent to those set
forth in this Agreement, beyond the termination hereof. Any presently existing
Network Affiliation Agreements between UNIVISION and AFFILIATE shall be deemed
terminated as of the commencement of this Agreement. Upon the termination or
expiration of the term of this Agreement, all of AFFILIATE's and Station's
rights to broadcast or otherwise use any UNIVISION Network Programming or any
trademark, logo, or other material or item hereunder shall immediately cease and
neither AFFILIATE nor Station shall have any further rights whatsoever with
respect to such program, material, or item.

     4.   Distribution.  UNIVISION shall transmit the UNIVISION Network
          ------------
Programming via satellite, and the UNIVISION Network Programming shall be deemed
delivered to AFFILIATE when transmitted to the satellite.  The choice of
satellite to be used to transmit the UNIVISION Network Programming shall solely
be within the discretion of UNIVISION, and UNIVISION may, from time to time, at
its sole discretion, change the satellite being used for said transmissions, in
which case it shall, to the extent feasible, give prior notice to AFFILIATE. All
costs and expenses of transmitting the UNIVISION Network Programming by
satellite, including the maintenance of a network operations center, satellite
transmission facilities and satellite transponder time, shall be borne by
UNIVISION.  Any and all costs of whatever kind or nature incurred with respect
to the reception or pickup of the UNIVISION Network Programming from the
satellite, and its rebroadcast by the Station, shall be borne by and shall be
the sole responsibility of AFFILIATE.  Where, in the sole opinion of UNIVISION,
it is impracticable or undesirable to furnish the UNIVISION Network Programming
over satellite facilities, UNIVISION may deliver the program to Station by any
other means, including, but not limited to private or common carrier microwave,
fiber optic links, film, video tape or other form of recording in sufficient
time for Station to broadcast the UNIVISION Network Programming at the time
scheduled by UNIVISION.  Prior to instituting a change in the method of program
delivery to AFFILIATE, UNIVISION shall, if practicable, consult with AFFILIATE
and give consideration to increased program delivery costs to be incurred by
AFFILIATE as a result of such a change.  If UNIVISION Network Programming is
supplied via recordings of any kind, they shall be used by AFFILIATE only for a
single television broadcast over the Station, and AFFILIATE shall comply with
all UNIVISION instructions concerning the disposition to be made of each such
recording received by Station hereunder.

                                       5
<PAGE>

     5.   Additional Terms and Conditions Regarding Programming.  Except as
          -----------------------------------------------------
contemplated in Section 5, below, AFFILIATE's broadcast of UNIVISION Network
Programming and UNIVISION Programs pursuant to this Agreement shall be subject
to the following terms and conditions:

          (a)  The selection, scheduling, substitution, cancellation and
withdrawal of any UNIVISION Network Programming or portion thereof shall at all
times remain within the sole discretion and control of UNIVISION.  UNIVISION
reserves the right to obtain programming from any source whatsoever, including
but not limited to obtaining all or a portion of the UNIVISION Network
Programming from one or more program suppliers.

          (b)  Schedule A hereto sets forth the current schedule of hours which
constitute the UNIVISION Network Program Schedule, as well as the current
schedule of segments which constitute the Local Programming Windows.  Local
Programming Windows may be changed by UNIVISION, at any time in its sole
discretion.  UNIVISION will provide written notification of such change in the
Local Programming Window at least ten (10) days prior to implementation, when
such Local Programming Window change is permanent.  However, where UNIVISION
cannot provide ten days advance notice, UNIVISION will provide as much advance
notice as practicable of such Local Programming Window. The selection,
scheduling, substitution, cancellation, preemption and withdrawal of UNIVISION
Network Programming scheduled for broadcast by affiliates of UNIVISION Network
during those hours constituting the UNIVISION Network Program Schedule shall at
all times remain within the sole discretion and control of UNIVISION.  AFFILIATE
agrees to broadcast over the facilities of the Station the complete UNIVISION
Network Program Schedule in its entirety without unauthorized interruption,
editing, modification, addition or deletion, on the dates and at the times
scheduled by UNIVISION; provided, however, that AFFILIATE may delete:

               (i)  such words, phrases or scenes as AFFILIATE, in the
reasonable exercise of its judgment, determines it would not be in the public
interest to broadcast over the AFFILIATE's Station; or

               (ii) any Network Availabilities released by UNIVISION to the
Stations.

          (c)  AFFILIATE agrees to carry network commercials at the time
delivered by UNIVISION and in the same commercial positions as determined by
UNIVISION.

          (d)  AFFILIATE shall not broadcast any UNIVISION Network Programming
except pursuant to the terms of this Agreement or pursuant to other written
authorization from UNIVISION.

          (e)  AFFILIATE shall not authorize, cause, or enable anything to be
done whereby any UNIVISION Network Programming supplied herein is used for any
purpose other than broadcasting by AFFILIATE in the geographic area that
AFFILIATE's Station is authorized

                                       6
<PAGE>

to serve, which broadcast is intended for reception by the general public in
places to which no admission is charged.

          (f)  AFFILIATE shall not insert or superimpose any crawls, split
screens, graphics, logos, trademarks, call letters, insignia, voice overs or
other material over any portion of any UNIVISION Network Programming, or alter
the length, size or aspect ratio or squeeze down any UNIVISION Network
Programming, without the prior written consent of UNIVISION, except in the case
of live coverage of fast-breaking news events.

          (g)  AFFILIATE shall abide by any and all restrictions of which
UNIVISION advises AFFILIATE pertaining to the promotion of UNIVISION Network
Programming, including, but not limited to, on-the-air promotion, billboards,
cable advertisements, and newspaper, shopper, or other printed advertisements,
announcements or promotions.  This provision shall not prohibit AFFILIATE from
providing date and time information regarding UNIVISION Network Programming to
newspapers, TV Guide, cable guides, and other program listing services.
UNIVISION shall, from time to time, provide AFFILIATE with written guidelines
regarding promotional restrictions, which, as amended or supplemented in writing
from time to time, shall govern Station's promotional activities until
superseded by replacement guidelines supplied by UNIVISION.

          (h)  Except with UNIVISION's prior written consent and except upon
such terms and conditions as UNIVISION may impose, AFFILIATE shall not
authorize, cause, permit or enable anything to be done whereby a recording on
film, tape or otherwise is made of UNIVISION Network Programming, provided,
however, AFFILIATE may record UNIVISION Network Programming for:

               (i)   delayed telecasts permitted by this Agreement;

               (ii)  promotion of the UNIVISION Network, or UNIVISION Network
Programming, in programs or promotional announcements broadcast on AFFILIATE's
Station which UNIVISION has had the opportunity to preview and for which
UNIVISION has given its prior written consent; or

               (iii) sales presentations.

          (i)  AFFILIATE agrees that its local news sets, local promotional
announcements, and local identifications will conform to the UNIVISION Network's
graphic standards as established, and modified from time-to-time, by UNIVISION
and provided in writing to AFFILIATE.

          (j)  Subject to the provisions of this Agreement, with respect to any
UNIVISION Program broadcast by Station and as to which UNIVISION controls the
distribution rights with respect to the repeat broadcast of such program on
United States broadcast television stations, UNIVISION agrees that, during the
Exclusivity Period for such UNIVISION Program,

                                       7
<PAGE>

it shall not provide the same UNIVISION Program to any television station
licensed to serve the community of license of the Station. As used herein,
"Exclusivity Period" with respect to any UNIVISION Program shall mean a period
commencing with UNIVISION's first broadcast of such UNIVISION Program and ending
on the earlier of (i) the end of the broadcast season in which such UNIVISION
Program is first provided to the Station or (ii) thirty (30) days after such
UNIVISION'S broadcast of such UNIVISION Program. Nothwithstanding the foregoing,
UNIVISION may make available to any other station any UNIVISION Program which
(i) AFFILIATE has preempted, rejected or refused, or not taken for any reason
whatsoever, or which UNIVISION has withdrawn from AFFILIATE pursuant to Section
9(b) hereof; (ii) UNIVISION may be legally required to make available; or (iii)
which, in UNIVISION's sole discretion, is believed to be of overriding public
importance.

          (k)  AFFILIATE shall be entitled to exercise, within the Station's
Network Exclusivity Zone, the protection against duplication of network
programming, as provided by Sections 76.92 through 76.97 of the FCC's rules,
with respect to a UNIVISION Program during the same broadcast day on which such
UNIVISION Program is delivered by UNIVISION to Station, provided, however, (1)
that such right shall extend only as to UNIVISION Programs broadcast over
Station in accordance with this Agreement at the time scheduled for such
broadcast by UNIVISION and that such protection shall not extend to any pre-
empted programs or program series; (2) that nothing herein shall be deemed to
preclude UNIVISION from granting to any other broadcast television station
licensed to any other community similar non-duplication rights within that
Station's Network Exclusivity Zone and AFFILIATE's right of network non-
duplication shall not apply with respect to the transmission of the programs of
another AFFILIATE of the UNIVISION Network (current or future) by a "community
unit," as that term is defined by the rules of the FCC, located wholly or
partially within the area in which the Station's Network Exclusivity Zone
overlaps the Network Exclusivity Zone of such other UNIVISION affiliates; and
(3) that AFFILIATE's network non-duplication rights pursuant to this Section
shall be subject to cancellation by UNIVISION on six (6) months written notice
to AFFILIATE, which cancellation shall not affect any of the other rights and
obligations of the parties under this Agreement.  Nothing contained in this
Agreement shall limit UNIVISION'S right, at its sole discretion, to distribute
the UNIVISION Network and/or UNIVISION Network Programming directly to, and to
authorize the retransmission of the UNIVISION Network and/or UNIVISION Network
Programming by, any other distribution form, methodology, or medium, including
but not limited to broadcast, television, cable television, direct broadcast
satellite (DBS), MDS, MMSA, or SMATV systems or facilities in any area.

     6.   Preemption and Substitution.
          ---------------------------

          (a)  With respect to programs or commercial matter offered or already
contracted for pursuant to this Agreement, nothing herein contained shall
prevent or hinder AFFILIATE from:

                                       8
<PAGE>

               (i)  rejecting or refusing any UNIVISION Program or commercial
matter which AFFILIATE reasonably believes to be unsatisfactory or unsuitable or
contrary to the public interest, or

               (ii) substituting a program which, in AFFILIATE's opinion, is of
greater local or national importance.

          (b)  AFFILIATE shall give UNIVISION written notice of each such
rejection, refusal or substitution, the identity and length of the programming
(the "Substitute Programming") to be substituted for a UNIVISION Program and the
justification therefor, not later than seventy-two (72) hours after receiving
notice of the UNIVISION Program, or as soon thereafter as possible (including an
explanation of the cause for any lesser notice).  In the case of proposed
program substitution based on greater local or national importance, AFFILIATE
shall also indicate why the programming could not reasonably be substituted for
Local Programming or carried in a Local Programming Window.  UNIVISION reserves
the right to direct AFFILIATE to broadcast said UNIVISION Program in an
alternate time period normally occupied by other UNIVISION Network Programming,
or to provide such alternative UNIVISION Network Programming as may be
appropriate in the circumstances (which, subject only to the terms of Sections 5
and 9 hereunder, shall be cleared in preference to the Substitute Programming).

          (c)  AFFILIATE may deem UNIVISION Network Programming to be
unsatisfactory or unsuitable only if such programming:

               (i)   is delivered in a form which does not meet accepted
standards of good engineering practice;

               (ii)  does not comply with the rules and regulations of the FCC;
or

               (iii) differs substantially in style or content from UNIVISION
Network Programming which AFFILIATE has broadcast previously and which Affiliate
reasonably believes would not meet prevailing contemporary standards of good
taste in its community of license.

          (d)  AFFILIATE confirms that no UNIVISION Network Programming shall be
deemed to be unsatisfactory, unsuitable or contrary to the public interest based
on programming performance or ratings, advertiser reactions or the availability
of alternative programming (including but not limited to sporting events,
program length commercials and infomercials) which AFFILIATE believes to be more
profitable or more attractive.

          (e)  Except in those circumstances requiring live coverage of fast-
breaking news events, AFFILIATE shall make all reasonable efforts to substitute
programming of high local or national importance for Local Programming or to
carry such programming in time slots not scheduled to be occupied by UNIVISION
Network Programming.

                                       9
<PAGE>

          (f) AFFILIATE confirms that, in its judgment, the public interest is
best served by carriage of Spanish language programming by the Station.  Any
programming substituted by AFFILIATE for UNIVISION Network Programming shall be
exclusively in the Spanish language.

     7.   Commercial Scheduling in Network Time.
          -------------------------------------

          (a)  UNIVISION shall determine the number and length of Commercial
Availabilities within Network Time.(b)  Subject to the provisions of Sections
6(c) and (d) hereof, the time available within Network Time to AFFILIATE for the
carriage of Local Availabilities during regularly scheduled programming only
shall be:

Program Daypart            Time Period            Time Available to AFFILIATE
---------------           -----------------       ---------------------------

Children's Programming:   Weekends, As Scheduled  5 Minutes per Hour (or 50% of
                                                  all Commercial Availabilities
                                                  should FCC regulations permit
                                                  less than 10 1/2 minutes of
                                                  Commercial Availabilities per
                                                  hour)

Children's Programming:   Weekdays, As Scheduled  6 Minutes per Hour (or 50% of
                                                  all Commercial Availabilities
                                                  should FCC regulations permit
                                                  less than 12 minutes of
                                                  Commercial Availabilities per
                                                  hour)

Morning:                  08:00 A.M.-12:00 Noon   6 Minutes per Hour

Day Time:                 12:00 Noon- 04:00 P.M.  6 Minutes per Hour

Early Fringe:             04:00 P.M.-06:00 P.M.   6 Minutes per Hour

Network News:             06:30 P.M.-07:00 P.M.   0 Minutes per Half Hour

Prime Time:               07:00 P.M.-11: 00 P.M.  6 Minutes per Hour

    -All Other Network Time Periods:              6 Minutes per Hour

          (c) UNIVISION may, from time to time, and upon at least sixty (60)
days notice to AFFILIATE, determine the exact schedule and number of minutes
available within Network Time to AFFILIATE for the carriage of Commercial
Availabilities during regularly scheduled programming; provided, however, that
in no event shall less than four (4) minutes per hour be made available within
Network Time to AFFILIATE for the carriage of Commercial

                                       10
<PAGE>

Availabilities during regularly scheduled programming (except for Children's
Programming and Network News).

          (d)  In the event that any UNIVISION Program contains less than twelve
(12) minutes per hour of Commercial Availabilities, UNIVISION shall, within its
sole discretion, determine the exact schedule and number of minutes of
Commercial Availabilities within each hour of Network Time that shall be
occupied by Local Availabilities.  In no event, however, shall the number of
minutes of Local Availabilities scheduled by UNIVISION within an hour containing
less than twelve (12) minutes of Commercial Availabilities (except for
Children's Programming and Network News) be less than twenty percent (20.0%) of
the total number of Commercial Availabilities scheduled by UNIVISION within that
hour, rounded to the next higher commercial unit.

          (e)  All Commercial Availabilities not allocated to AFFILIATE may be
used by UNIVISION for Network Availabilities.  The proceeds from advertising
broadcast during those Network Availabilities shall be allocated to Network
Sales.  UNIVISION shall be solely responsible for determining the advertising
rates at which such Network Availabilities shall be offered and sold.  The time
allocated to UNIVISION for Network Availabilities shall not be covered or
dropped or used for any purpose whatsoever by AFFILIATE without the express
prior written consent of UNIVISION.

          (f)  The time allocated to AFFILIATE shall be used for Local
Availabilities.  Sales of Local Availabilities shall be allocated to Local Sales
or to National Sales, as the case may be.  AFFILIATE shall be solely responsible
for determining the advertising rates at which Local Availabilities shall be
offered and sold.

          (g)  UNIVISION may, at its discretion, free a portion of Network
Availabilities to AFFILIATE for sale by AFFILIATE, and AFFILIATE may, at its
discretion, free a portion of Local Availabilities for sale by UNIVISION, with
the mutual objective of maximizing the effective use of total Commercial
Availabilities in Network Time; provided, however, that AFFILIATE grants
UNIVISION the option to purchase from AFFILIATE, at UNIVISION's sole discretion,
not more than two (2) minutes of Local Availabilities per hour of network time,
for which UNIVISION shall reimburse AFFILIATE at the lowest average unit rate
prevailing during the previous ninety (90) days for local commercial
advertisements of the same or most comparable class, daypart, and length
actually broadcast by Station.  Said option shall take precedence over other
sales of Local Availabilities by AFFILIATE.

          (h)  Each party may use up to one (1) minute of its Commercial
Availabilities within each hour of Network Time for the scheduling of
commercials for which no cash compensation is charged and/or received.  The use
of this time by UNIVISION shall be restricted to company or related company
advertising, promotional announcements, and non-cash barter transactions
involving the exchange of goods and/or services for time.  No amount shall be
included in Net Network Sales as the result of such use, or the non-cash
transactions related thereto.  The use of this time by AFFILIATE shall be
restricted to  promotional announcements

                                       11
<PAGE>

and non-cash barter transactions involving the exchange of goods and/or services
for time. Station identification announcements are not included within the scope
of this subsection.

     8.   Compensation.  Subject to all other relevant provisions of this
          ------------
Agreement, the compensation due AFFILIATE and UNIVISION pursuant to this
Agreement shall be governed by the following provisions:

          (a)  As consideration for UNIVISION's services as national and
regional sales representative for AFFILIATE, AFFILIATE shall pay to UNIVISION
fifteen percent (15%) of all Net National Sales of the Station.

          (b)  In the event AFFILIATE packages any Sales which would be included
in Net National Sales with other advertising sales which would not be included
in Net National Sales, including, but not limited to, a sale in other media such
as radio or print by AFFILIATE or any company affiliated with, controlled by,
controlling or under common control with AFFILIATE, either directly or
indirectly, such package sales will be allocated pro rata to Net National Sales
and to other sales on the basis that the rate card values of each bears to the
rate card value for the entire package.

          (c)  Without limitation to any provision of this Agreement, in the
event that AFFILIATE, for any reason, fails to broadcast or advises UNIVISION
that it will not broadcast any UNIVISION Network Programming as provided herein,
then, in each such case, AFFILIATE will "make good" the UNIVISION Network
commercial announcements contained therein during a time period(s) which shall
be of quality and rating value comparable to that of the time period(s) at which
such programming was not broadcast.  Pursuant to the provisions contained
herein, these "make goods" will not be included as Net Allocated Network Sales.

          (d)  AFFILIATE and UNIVISION agree that responsibility for billing and
collection of accounts shall be divided as follows:

               (i) UNIVISION shall be responsible for the billing and collection
of all Network Sales.

               (ii) AFFILIATE shall be responsible for the billing and
collection of all National Sales and Local Sales.

          (e)  AFFILIATE shall provide UNIVISION an accurate accounting of all
time Sales from all sources on or before the 15th of the month following the
month of performance of said Sales.

          (f)  The amounts payable from AFFILIATE to UNIVISION, pursuant to
Section 7(a), shall be paid monthly no later than the fifteenth (15th) of each
month for all Sales made during the previous broadcast month.  Payments from
AFFILIATE to UNIVISION shall be accompanied by statements setting forth the name
of each advertiser, amounts of time Sales for

                                       12
<PAGE>

which payments were received, the amount of commissions due thereon, the net
proceeds from such time Sales, and the percentage due UNIVISION.

     9.   Non-Network Programs.  UNIVISION shall retain the right, within its
          --------------------
sole discretion, to produce and/or to distribute, by means other than the
UNIVISION Network, Non-Network Programming of every nature and kind.  UNIVISION
may, but is not required to, offer such Non-Network Programming to AFFILIATE.
In the event that UNIVISION chooses to offer such Non-Network Programming to
AFFILIATE, it  shall do so by providing a Terms Sheet to AFFILIATE which shall
specify the time period in which AFFILIATE may accept such Non-Network
Programming on the terms proposed by UNIVISION.  In the event of a timely
acceptance by AFFILIATE, the compensation and carriage for such Non-Network
Programming shall be on the terms as agreed between the parties, and the
provisions of this Agreement shall not govern the distribution or broadcast of
such Non-Network Programming.  In the event that AFFILIATE does not accept
UNIVISION's offer or terms within the time period specified in the Terms Sheet,
it shall be assumed that AFFILIATE has rejected the Non-Network Programming, and
UNIVISION shall be free, within its sole discretion, to offer the Non-Network
Programming to any other station or medium on any terms whatsoever.

     10.  Unauthorized Preemptions. Without limiting any other rights of
          ------------------------
UNIVISION under this Agreement or otherwise, if within any twelve (12) month
period during the term of this Agreement, AFFILIATE makes three (3) or more
Unauthorized Preemptions of any UNIVISION Network Programming (or AFFILIATE or
Station states, either in general or specific terms, that Station intends to
make such Unauthorized Preemptions or UNIVISION reasonably concludes, based upon
AFFILIATE's or Station's actions or otherwise, that such Unauthorized
Preemptions shall occur), UNIVISION may, upon thirty (30) days prior written
notice to AFFILIATE:

          (a)  terminate AFFILIATE's right to broadcast any one or more series
or other UNIVISION Network Programming, as UNIVISION shall elect, and, to the
extent and for the period(s) that UNIVISION elects, thereafter license the
broadcast to the applicable series or other UNIVISION Network Programming to any
other television Station or Stations, low power television Station or Stations,
or cable television system or systems located in the community of license of the
Station or elsewhere; or

          (b)  terminate this Agreement without any obligation, monetary or
otherwise, to AFFILIATE and/or its employees, agents, or customers, or to any
other person or entity.

     11.  Delayed Telecasts.  [Except for UNIVISION Network Programming
          -----------------
designated to be carried live, AFFILIATE shall broadcast the entire UNIVISION
Network program schedule on a three hour delayed basis.  By way of example, a
UNIVISION Program transmitted to AFFILIATE via satellite at 7:00 p.m. EST shall
be delayed by AFFILIATE and broadcast over the Station at 7:00 p.m. PST.
AFFILIATE shall not delay the telecast of any UNIVISION Program by more or less
than three hours, nor change the order of the UNIVISION Network Programming
schedule, without the express written consent of UNIVISION.]  AFFILIATE is

                                       13
<PAGE>

hereby authorized to record UNIVISION Network Programming to the extent
necessary to permit such delayed telecast, provided however, that AFFILIATE
shall erase, destroy, or return to UNIVISION at AFFILIATE's expense such
recording within seventy-two (72) hours of the broadcast of the recorded
material.   [In the event, however, that UNIVISION establishes a direct Pacific
Time Zone satellite feed, then AFFILIATE shall broadcast the UNIVISION Network
Programming at the times delivered by that feed, without any delay or
recording.]

     12.  Force Majeure.  UNIVISION shall not be liable to AFFILIATE nor shall
          -------------
it incur any liability hereunder for failure to deliver UNIVISION Network
Programming or any part thereof, nor shall AFFILIATE be liable to UNIVISION nor
shall it incur any liability hereunder for failure to broadcast any UNIVISION
Network Programming or any part thereof, by reason of a Force Majeure Event.

     13.  Written Reports.  AFFILIATE shall promptly upon UNIVISION's
          ---------------
request submit to UNIVISION in writing, upon forms approved by UNIVISION, such
reports as UNIVISION may request regarding the broadcast by AFFILIATE's Station
of UNIVISION Network Programming and commercial announcements.

     14.  Performing Rights Licenses.  All UNIVISION Network Programming
          --------------------------
shall, to the extent possible, be (a) cleared at the source, (b) within the
repertoire of ASCAP, BMI, SESAC, or another performing rights society from which
UNIVISION has obtained a performance license, or (c) in the public domain.

     15.  Indemnification.
          ---------------

          (a)  UNIVISION shall indemnify, defend and hold AFFILIATE, its
affiliates, successors and assigns, and the respective owners, officers,
directors, agents, and employees of each, harmless against and from all direct
claims, damages, liabilities, costs and expenses (including reasonable
attorneys' fees) asserted by third parties alleging that the UNIVISION Network
Programming violates or infringes upon the trade name, trademark, copyright,
literary or dramatic right, or right of privacy or publicity of any party, or
constitute a libel or slander of any party; provided, however, that the
foregoing indemnification shall not apply: (i) to public performance rights in
music, (ii) to any material furnished or added by any party other than UNIVISION
after delivery of the UNIVISION Network Programming to AFFILIATE or the Station,
(iii) to the extent such UNIVISION Network Programming is changed or otherwise
affected by insertion or deletion of any material by any party other than
UNIVISION after delivery of the UNIVISION Network Programming to the Station,
(iv) to compliance with the Communications Act of 1934 or to any rules or
regulations adopted thereunder by the FCC or any successor agency, or (v) unless
AFFILIATE promptly notifies UNIVISION of any claim or litigation to which this
indemnity shall apply, and that AFFILIATE cooperates fully with UNIVISION in the
defense or settlement of such claim or litigation.  The foregoing indemnity
shall not apply to any claim by AFFILIATE or the Station for lost revenue, lost
profits or other consequential damages, if any, regardless of whether such
alleged damages are or were

                                       14
<PAGE>

foreseeable. UNIVISION makes no representations, warranties or indemnities,
express or implied, except as expressly set forth in this Section 14(a).

          (b)  AFFILIATE shall indemnify, defend and hold UNIVISION, its
affiliates, successors and assigns, and the respective owners, officers,
directors, agents, and employees of each, harmless against and from all direct
claims, damages, liabilities, costs and expenses (including reasonable
attorneys' fees) caused by or arising out of matters relating (i) to public
performance rights in music, (ii) to any material furnished or added by any
party other than UNIVISION after delivery of the UNIVISION Network Programming
to AFFILIATE or the Station, (iii) to the extent such UNIVISION Network
Programming is changed or otherwise affected by insertion or deletion of any
material by any party other than UNIVISION after delivery of the UNIVISION
Network Programming to the Station, (iv) any breach of any of AFFILIATE's
representations, warranties, covenants or agreements hereunder, (v) any
programming broadcast by Station other than UNIVISION Network Programming
provided by UNIVISION to AFFILIATE and the Station pursuant to the terms of this
Agreement, (vi) from any actions or claims by customers, agents, or employees of
Station pursuant to a termination of this Agreement pursuant to Section 15
hereof or otherwise, or (vii) any other action on the part of AFFILIATE and/or
Station; provided, however, that the foregoing indemnification shall not apply
unless UNIVISION promptly notifies AFFILIATE in writing of any claim or
litigation to which this indemnity shall apply, and  UNIVISION cooperates fully
with AFFILIATE in the defense or settlement of such claim or litigation.  The
foregoing indemnity shall not apply to any claim by UNIVISION for lost revenue,
lost profits or other consequential damages, if any, regardless of whether such
alleged damages are or were foreseeable.

     16.  Termination.  This Agreement shall terminate under the following
          -----------
conditions:

          (a)  The term of this Agreement shall expire without extension
pursuant to Section 2 hereof;

          (b)  At option of UNIVISION, in its sole discretion, upon the
occurrence of  any of the following events:

               (i)   Upon not less than thirty (30) days? written notice to
AFFILIATE in the event of a material breach by AFFILIATE by any of its material
covenants, representations, warranties, duties, or obligations pursuant to this
Agreement, or any other material term or condition hereof, which AFFILIATE has
not cured within ten (10) days of written notice of default from UNIVISION; or
such longer period if AFFILIATE has commenced such cure within said 10 days and
thereafter continues to diligently pursue such cure to the reasonable
satisfaction of UNIVISION.

               (ii)  Pursuant to Section 9(b) hereof;

               (iii) Immediately upon written notice to AFFILIATE in the event
(a) AFFILIATE files a petition seeking relief under Title 7 or 11 of the United
States Code or under

                                       15
<PAGE>

any other Federal or state bankruptcy, reorganization, insolvency, readjustment
of debt, dissolution or liquidation law or statute, or an answer or consent
admitting the material allegations of a petition filed against in any proceeding
under any such law, or (b) of entry against AFFILIATE of any order of relief
under Title 7 or 11 of the United States Code, or entry of any other order,
judgment or decree against AFFILIATE by any court of competent jurisdiction,
approving a petition seeking bankruptcy, reorganization, readjustment of debt,
dissolution, liquidation, or winding up of AFFILIATE, or (c) of appointment of a
receiver, trustee or liquidator of AFFILIATE or of all or substantially all of
the assets of AFFILIATE, or (d) if any petition seeking an order of relief under
Title 7 or 11 of the States Code or any other such petition is filed against
AFFILIATE and is not stayed or dismissed within one hundred twenty (120) days
after the date of such filing, or (e) AFFILIATE makes a general assignment of
its assets, or transfers a controlling interest, to creditors or other persons
or entities;

               (iv)   Pursuant to Section 17 hereof;

               (v)    Upon not less than six (6) months written notice to
AFFILIATE in the event UNIVISION, in its sole and voluntary discretion, chooses
to cease to operate the UNIVISION Network, or to cease to provide UNIVISION
Network Programming to television stations licensed to the community to which
the Station is licensed, provided, however, that in the event UNIVISION is
required to cease to operate the UNIVISION Network or to cease to provide
UNIVISION Network Programming to television stations licensed to the community
to which the Station is licensed due to circumstances reasonably beyond its
control, including, but not limited to, force majeure events and court or
government orders or decrees, and the circumstances preclude, or effectively
preclude, UNIVISION from giving six (6) months notice of termination, UNIVISION
shall give AFFILIATE as much notice as is reasonably possible under the
circumstances;

               (vi)   Intentionally deleted.

               (vii)  Upon not less than thirty (30) days written notice to
AFFILIATE in the event that Station becomes substantially less valuable to
UNIVISION as an affiliate than it is at the time of execution of this Agreement
as a result of a materially adverse change affecting the transmitter location,
power, frequency, or hours or mode of operation of Station, or a materially
adverse change in the business practices or public reputation or image of
Station, AFFILIATE, or their owners and/or management;

               (viii) Pursuant to Section 20(a) hereof;

               (ix)   Pursuant to Section 21 hereof;

               (x)    Pursuant to Section 25(a)(iv) hereof; or

               (xi)   Pursuant to Section 29 hereof.

                                       16
<PAGE>

               (xii)  Immediately, upon written notice to AFFILIATE, for a
material breach of this Agreement due to a Year 2000 Failure.

          (c)  At option of AFFILIATE, in its sole discretion upon thirty (30)
days written notice to UNIVISION in the event of a material breach by UNIVISION
in any of its covenants, representations, warranties, duties, or obligations
pursuant to this Agreement, or any other term or condition hereof, which
UNIVISION has not cured within ten (10) days of written notice of default from
AFFILIATE.

     17.  Exclusive Representation.  AFFILIATE and UNIVISION agree that
          ------------------------
UNIVISION shall be the exclusive representative of AFFILIATE for the sale of all
national and regional advertising throughout the United States and the world.
AFFILIATE agrees to refer requests by any potential national or regional
advertisers to UNIVISION, which shall be responsible for servicing such
accounts.  In any event, all revenues received from national or regional
advertising accounts, whether or not serviced by UNIVISION, shall be included in
Net National Sales for the purpose of computing the commission due UNIVISION as
national and regional sales representative pursuant to Section 7(a) hereof.
UNIVISION, in its role of exclusive national sales representative for AFFILIATE,
shall have no obligation to market, sell, or administer the sale of any
commercial announcement, infomercial, program, or other product which would
conflict with any UNIVISION Network Programming or commercial announcement
scheduled by UNIVISION for broadcast over the Station.

     18.  Assignment.
          ----------

          (a)  This Agreement shall not be assigned, in whole or in part, by
AFFILIATE, directly or indirectly (by operation of law, transfer of stock,
merger or otherwise) without the prior written consent of UNIVISION.  The
decision to grant or not grant such consent shall be at the sole discretion of
UNIVISION.  Any purported assignment by AFFILIATE in the absence of UNIVISION's
prior written consent shall be null and void and not enforceable against
UNIVISION.  In the event of an attempted unconsented assignment or transfer,
UNIVISION may, in its sole discretion, terminate this Agreement effective upon
thirty (30) days notice to AFFILIATE and the purported assignee.   Any
assignment or transfer consented to by UNIVISION shall not relieve AFFILIATE of
its obligations hereunder.

          (b)  AFFILIATE shall immediately notify UNIVISION in writing of any
application tendered to the FCC pertaining to an assignment of AFFILIATE's
license for the Station or a transfer of control of AFFILIATE.  Except as to
"short form" assignments of license or transfers of control made pursuant to
Section 73.3540(f) of the Rules and Regulations of the FCC, UNIVISION shall have
the right to terminate this Agreement, effective upon thirty (30) days notice to
AFFILIATE and the transferee or assignee of such termination, which notice may
be given at any time within ninety (90) days after the later occurring of:  (i)
the date on which UNIVISION learns of such assignment or transfer, or (ii) the
date on which UNIVISION receives written notice of such assignment or transfer.
Upon UNIVISION's request, AFFILIATE shall procure and deliver to UNIVISION, in
form satisfactory to UNIVISION, the

                                       17
<PAGE>

agreement of the proposed assignee or transferee that, upon consummation of the
assignment or transfer of control of the Station's authorization, the assignee
or transferee will assume and perform this Agreement in its entirety without
limitation of any kind. The failure of AFFILIATE to notify UNIVISION of the
proposed assignment or transfer of control of Station's authorization, or to
procure the agreement of the proposed assignee or transferee in accordance with
this Section, shall be deemed a material breach of this Agreement, and in such
event UNIVISION may, in its sole discretion and without limitation to any other
remedies available to it, terminate this Agreement by giving notice of such
termination, which termination shall be effective on the date specified in said
notice of termination.

          (c)  Subject to the foregoing, this Agreement shall be binding upon
and inure to the benefit of the parties hereto, their successors and assigns.
AFFILIATE confirms that UNIVISION has no obligation, whether express or implied,
to consent to the assignment of AFFILIATE's rights, duties, benefits or
obligations pursuant to this Agreement to any other person or entity, and that
the grant of such consent shall be within the sole discretion of UNIVISION.
AFFILIATE further confirms that UNIVISION shall have no obligation, whether
express or implied, to continue the affiliation of the Station with UNIVISION or
the UNIVISION Network, whether or not on terms or conditions equivalent to those
set forth in this Agreement, in the event of an assignment of the Station's
license or a transfer of control of AFFILIATE.

     19.  Affirmative UNIVISION Rights.  Nothing in this Agreement shall
          ----------------------------
preclude UNIVISION from taking any action not specifically prohibited herein,
including, but not limited to:

          (a)  Establishing additional interconnected networks, including but
not limited to, television or audio broadcasting networks and cable programming
networks.

          (b)  Affiliating the UNIVISION Network with any international network
on the terms and conditions determined solely by UNIVISION.

          (c)  Transferring any UNIVISION Programs from the UNIVISION Network to
any other networks, whether established by UNIVISION or any other entity.

     20.  Audit Rights.  UNIVISION shall have the right to perform periodic
          ------------
audits of AFFILIATE and the Station to insure compliance with the provisions of
this Agreement.  AFFILIATE shall provide UNIVISION with access to the pertinent
books and records of AFFILIATE and the Station so that UNIVISION's auditors may
verify the accuracy and validity of the time Sales reported to UNIVISION by
AFFILIATE as well as all other aspects of compliance with the provisions of this
Agreement, including, but not limited to, Sections 4, 5, 6, 7, 9, 10, 13, 16,
17, 23, and 24 hereof.  The cost of any such audit shall be borne by UNIVISION;
provided, however, that in the event such an audit reveals AFFILIATE to be in
material breach of, or in default under, this Agreement, that AFFILIATE has
failed to pay UNIVISION all amounts due to UNIVISION pursuant to Section 7(a)
hereof, or that

                                       18
<PAGE>

AFFILIATE has made more than three Unauthorized Preemptions of UNIVISION Network
Programming during the preceding twelve (12) month period, the costs of said
audit shall be borne by AFFILIATE.

     21.  Termination.
          ------------

          (a)  AFFILIATE represents and warrants to UNIVISION that Schedule B
accurately sets forth the facilities authorized for, and utilized by, the
Station.  In the event that the transmitter location, antenna height above
average terrain, effective radiated power, or frequency or hours of operation as
set forth on Schedule B are changed at any time so as to (i) reduce the number
of Hispanic Households within the Station's Grade B contour or (ii) to reduce
the number of hours of Spanish language programming, UNIVISION, in its sole
discretion, shall have the right to terminate this Agreement upon 30 days
advance written notice.  The above operating hours provision shall not apply to
the extent that the reduction in AFFILIATE's hours of operation is in response
to a reduction in programming provided to AFFILIATE by UNIVISION.

          (b)  UNIVISION may, from time to time at its sole discretion,
establish minimum standards governing matters that, in UNIVISION's sole
judgment, require standardization and uniformity among affiliates of the
UNIVISION Network, including but not limited to (i) specifications and layout
(including form, color, number, location and size) of signage, billboards, and
print and other advertising relating to UNIVISION or any UNIVISION Program or
Programming; (ii) the design, color, appearance and maintenance of exterior and
public portions of studios and other facilities utilized by the Station; and
(iii) technical standards relating to commercial announcements, public service
announcements, and Local Programming of the Station.

     22.  Retransmission Consent.   Should AFFILIATE be accorded the right under
          ----------------------
any  local, state or federal rule, regulation or law to elect (a) to require any
cable television system or other distribution system to obtain AFFILIATE'S
consent to such system's transmission or retransmission of the Station's
broadcast of any UNIVISION Network Programming, or is given any similar rights
(a "Retransmission Consent Election") or (b) to require any shcy system to
comply with any "must carry" rule, regulations or laws (a "Must Carry
Election"), then AFFILIATE shall notify UNIVISION at least sixty (60) days in
advance of any such election by AFFILIATE and UNIVISION shall negotiate in good
faith, for a period of no less than sixty (60) days, regarding (x) whether
AFFILIATE shall make a Retransmission Consent Election or a Must Carry Election
and (y) in the event that AFFILIATE determines to make a Retransmission Consent
Election, to which systems such consent is to be given, and I so, the terms
under which it is to be given (including without limitations, the amount of
compensation to be paid by any such system for such consent and the division of
that compensation between AFFILIATE and UNIVISION).  If AFFILIATE and UNIVISION
do not reach agreement with respect to all of the foregoing matters, then
without limitation to any of UNIVISION'S rights under this Agreement, UNIVISION
shall have the right to terminate this Agreement upon thirty (30) days written
notice to AFFILIATE.  Without limiting the generality of the foregoing,
AFFILIATE acknowledges and agrees that in no event shall AFFILIATE grant
retransmission consent or otherwise permit

                                       19
<PAGE>

any retransmission of the Station's broadcast of any UNIVISION Network
Programming without the prior written consent of UNIVISION.

     23.  Severability.   Should any part of this Agreement become
          ------------
inconsistentwith the rules or policies of the FCC or the agreed upon governing
law and the parties not to be the beneficiaries of an appropriate waiver, that
part of the Agreement shall terminate upon the date that such an inconsistency
would otherwise exist, but all other parts of the Agreement shall remain in full
force and effect.  In such event, the parties shall use their best efforts to
modify this Agreement so as to conform it with the applicable FCC rule, policy,
or law, if possible, while achieving their respective objectives under this
Agreement.

     24.  No Implied Waiver.  Except as expressly provided for herein, no
          -----------------
failure or delay on the part of the parties hereto to exercise any right, power
or privilege hereunder or under any instrument executed pursuant hereto shall
operate as a waiver; nor shall any single or partial exercise or any right,
power or privilege preclude any other or further exercise thereof or the
exercise of any other right, power or privilege. All rights and remedies granted
herein shall be in addition to other rights and remedies to which the parties
may be entitled at law or in equity

     25.  Broadcaster's Liability Insurance.
          ---------------------------------

          (a)  AFFILIATE shall procure and maintain in force during the term
hereof Broadcaster's liability insurance for the Station, including broad form
errors and omissions coverage, with minimum limits of liability of $5,000,000.00
or more for each occurrence.

               (i)  Said coverage shall be on an occurrence form, primary and
not contributing, with respect to:

                    a.  any material furnished or added by any party other than
UNIVISION after delivery of UNIVISION Network Programming to AFFILIATE or the
Station;

                    b.  to the extent any such UNIVISION Network Programming is
changed, altered or otherwise affected by insertion or deletion of any material
by any party other than UNIVISION; and

                    c.  any programming broadcast the Station other than
UNIVISION Network Programming provided by UNIVISION to the Station.

               (ii)   Prior to use of UNIVISION Network Programming, AFFILIATE
shall cause its broadcaster[_]s liability insurance carrier(s) to add
[_]Univision Network Limited Partnership, Univision Television Group, Inc.,
their parent companies, affiliates, officers, directors, employees, successors
and assignees[_] as additional insured parties. All such

                                       20
<PAGE>

policies shall be issued by companies of recognized responsibility, having a
Bests Key Rating Guide of not less than A, Class VII, licensed to do business in
the state where each Station is located.

               (iii)  An original certificate of insurance and notarized copies
of the insurance policy endorsement(s) naming UNIVISION, Univision Television
Group, Inc., their parent companies, affiliates, officers, directors, employees,
successors and assignees as additional insured parties shall be delivered to
UNIVISION by AFFILIATE within ten (10) days of the execution of this Agreement.
Each such certificate and endorsement must be signed by an authorized agent of
the insurance company issuing such coverage, and shall provide that thirty (30)
days notice of cancellation shall be given to UNIVISION prior to termination,
cancellation, or non-renewal thereof. No action or inaction by UNIVISION,
including, without limitation, failure to demand such documentation or continued
provision of programming in the absence of such policy, certificate, and/or
endorsement(s), shall be construed as a waiver by UNIVISION of AFFILIATE?s
obligation to provide the insurance coverage specified herein.

               (iv)   In the event AFFILIATE or the Station fails to comply with
the provisions of this Section 25(a), UNIVISION may, in its sole discretion,
terminate this Agreement upon thirty (30) days written notice to AFFILIATE.

     26.  Governing Law.  This Agreement and the rights and obligations of the
          -------------
parties, including without limitation the validity, construction,
interpretation, performance and termination of this Agreement, shall be governed
by and construed by the laws of the State of New York applicable to contracts
between New York parties made and performed in that state, without regard to
conflicts of law principles.

     27.  Notices.  Any notice required or permitted to be given hereunder shall
          -------
be in writing and shall be deemed duly given if delivered on the date of
personal delivery or on the date of receipt if mailed by registered or certified
mail, postage prepaid and return receipt requested, and shall be deemed to have
been received on the date of personal delivery or on the date set forth on the
return receipt, to the following addresses, or to such other address as any
party may request in writing to the other party:

          Notices to AFFILIATE shall be sent to:

          [___________________
          ____________________
          ____________________]

          Notices to UNIVISION shall be sent to:

          Director, Affiliate Relations

                                       21
<PAGE>

               Univision Network Limited Partnership
               9405 NW 41st Street
               Miami, FL 33178

               with a copy, which shall not constitute notice, to:

               General Counsel
               Univision Network, L.P.
               6701 Center Drive West
               Fifteenth Floor
               Los Angeles, CA 90045

          28.  Limitations of Damages.  The parties to this Agreement
               ----------------------
expressly agree that in the event of termination or breach of this Agreement,
neither party shall be liable to the other for any lost revenue, lost profits or
other consequential damages allegedly resulting from such termination or breach,
including, but not limited to, any expenditures, investments, leases or
commitments made in anticipation of the continuance of this Agreement,
regardless of whether such alleged lost revenue, lost profits or other
consequential damages are foreseeable.

          29.  Confidentiality.  In its capacity as an affiliate of UNIVISION
               ---------------
pursuant to this Agreement, AFFILIATE may acquire or receive information
relating to UNIVISION and its affiliates which is of a confidential and
proprietary nature.  Such information may include, but is not limited to,
financial information, business and marketing plans, advertising rates and
practices, viewer mailing lists, and plans related to programming and special
promotional events. AFFILIATE shall at all times, both during and after the term
of this Agreement, maintain in the strictest confidence and trust all of such
confidential and proprietary information and shall not directly or indirectly
disclose the same to any other person or entity, whether during the term of this
Agreement or thereafter.  AFFILIATE acknowledges that a breach of this paragraph
may subject UNIVISION to immediate and irreparable harm for which damages may
not be an adequate remedy and, accordingly, AFFILIATE acknowledges and agrees
that UNIVISION may enforce the provisions hereof by means of injunctive or other
equitable relief.  Any breach of this Section shall constitute a material breach
of this Agreement and shall entitle UNIVISION to immediately terminate this
Agreement.   The provisions of this Section shall survive the expiration and
termination of this Agreement.

          30.  No Joint Venture or Partnership. Nothing contained in this
               -------------------------------
Agreement shall create any partnership, association, joint venture, fiduciary or
agency relationship between UNIVISION and AFFILIATE. Except as otherwise
specifically set forth herein, neither UNIVISION or AFFILIATE shall be
authorized or empowered to make any representation or commitment or to perform
any act which shall be binding on the other unless expressly authorized or
empowered in writing.

          31.  Entire Agreement. This Agreement contains all of the terms agreed
               ----------------
upon by the parties with respect to the subject matter hereof; it incorporates
and merges any and all previous

                                       22
<PAGE>

communications and understandings, oral and written, and cannot be amended or
changed except in a writing executed by the parties hereto.

          32.  Counterparts.  This Agreement may be signed in any number of
               ------------
counterparts with the same effect as if the signatures to each such counterpart
were upon the same instrument.

                              UNIVISION NETWORK
                              LIMITED PARTNERSHIP

                              Signature: ___________________________________
                              Name:      ___________________________________
                              Title:     ___________________________________
                              Date:      ___________________________________

AGREED AND ACCEPTED:

[____________________________________________ ]

Signature:  _____________________________________
Name:       _____________________________________
Title:      _____________________________________
Date:       _____________________________________

                                       23
<PAGE>

                                   SCHEDULE A

<PAGE>

                                  SCHEDULE B:

     Station:

     Community of License:

     Television Channel or Frequency:

     Transmitter Location:

     Antenna Height Above Average Terrain:

     Mean Sea Level:

     Maximum Effective Radiated Power:

     Minimum Hours of Operation:

<PAGE>

The registrant has entered into Network Affiliation Agreements for the following
stations:

Station K19BN, San Diego, California              December 30, 1996
Station KVER-LP, Palm Springs, California         December 30, 1996
Station KSMS-TV, Monterey, California             December 30, 1996
Station KNVO-TV, McAllen, Texas                   December 30, 1996
Station KINC-TV, Las Vegas, Nevada                December 30, 1996
Station KINV-TV, El Paso, Texas                   December 30, 1996
Station KCEC-TV, Denver, Colorado                 December 30, 1996
Station KAJB (TV), Calipatria, California         December 30, 1996
Station KLDO, Laredo, Texas                       August 1, 1997
Station KORO-TV, Corpus Christi, Texas            April 21, 1998
Station KLUZ-TV, Albuquerque, New Mexico          December, 1998
Station WMDO, Washington, D.C.                    April, 1999
Station WVEA-LP, Tampa, Florida                   April, 1999
Station WVEN-LP, Orlando, Florida                 April, 1999

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