SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
(Amendment No. 1)*
Univision Communications Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
914906102
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior cover
page.
The information required on the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to
the liabilities of that section of the Act but shall be subject
to all other provisions of the Act (however, see the Notes).
<PAGE>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
A. Jerrold Perenchio
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
NUMBER OF 5 SOLE VOTING POWER
SHARES 43,366,670 Shares Class A Common Stock
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 42,483,800 Shares Class A Common Stock
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
43,366,670 Shares Class A Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
64.28% of Class A Common Stock (see response to Item 4)
12 TYPE OF REPORTING PERSON*
IN
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Margaret Perenchio
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
NUMBER OF 5 SOLE VOTING POWER
SHARES 0 Shares Class A Common Stock
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 882,870 Shares Class A Common Stock
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
43,366,670 Shares Class A Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
64.28% of Class A Common Stock (see response to Item 4)
12 TYPE OF REPORTING PERSON*
IN
<PAGE>
Item 1(a). Name of Issuer:
Univision Communications Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1999 Avenue of the Stars, Suite 3050
Los Angeles, California 90067
Item 2(a). Name of Persons Filing:
Item 2(b). Address of Principal Business Office:
Item 2(c). Citizenship:
A. Jerrold Perenchio
1999 Avenue of the Stars, Suite 3050
Los Angeles, California 90067
(United States Citizen)
Margaret Perenchio
1999 Avenue of the Stars, Suite 3050
Los Angeles, California 90067
(United States Citizen)
Item 2(d). Title of Class of Securities:
Class A Common Stock**
Item 2(e). CUSIP Number:
914906102
**The securities that give rise to this reporting obligation are
shares of Class P Common Stock, which are convertible into Class A
Common Stock on a share for share basis (other than 200 shares of
Class A Common Stock that Mr. Perenchio owns directly). Pursuant
to Rule 13d-3(d)(1)(i), such shares of Class P Common Stock shall
be deemed to be outstanding shares of Class A Common Stock for the
purpose of computing the percentage of outstanding securities of
Class A Common Stock deemed beneficially owned by the persons filing
this report.
<PAGE>
Item 3. If this statement is filed pursuant to Rules
13d-1(b), or 13d-2(b), check whether the person
filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of
the Act:
Not applicable
(b) [ ] Bank as defined in Section 3(a)(6) of the Act:
Not applicable
(c) [ ] Insurance Company as defined in Section
3(a)(19) of the Act:
Not applicable
(d) [ ] Investment Company registered under Section 8
of the Investment Company Act:
Not applicable
(e) [ ] Investment Adviser registered under Section 203
of the Investment Advisers Act of 1940:
Not applicable
(f) [ ] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund (see 13d-1(b)(1)(ii)(F)):
Not applicable
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G):
Not applicable
(h) [ ] Group, in accordance with Rule
13d-1(b)(1)(ii)(H):
Not applicable.
<PAGE>
Item 4. Ownership ***
A. Jerrold Perenchio
(a) Amount beneficially owned: 43,366,670 shares
Class A Common Stock.****
(b) Percent of class: 64.28% of Class A Common
Stock.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
43,366,670 shares of Class A Common Stock.
(ii) Shared power to vote or to direct the
vote: none.
(iii) Sole power to dispose or direct the
disposition of: 42,483,800 shares of Class A
Common Stock.
(iv) Shared power to dispose or to direct the
disposition of: none.
Margaret Perenchio
(a) Amount beneficially owned: 43,366,670 shares
Class A Common Stock.****
(b) Percent of class: 64.28% of Class A Common
Stock.
(c) Number of shares as to which such person has:
*** The filing of this Schedule 13G shall not be construed as an
admission that the reporting person or any of its affiliates is
the beneficial owner of any securities covered by this Schedule 13G
for any other purposes than Section 13(d) of the Securities
Exchange Act of 1934.
**** Of the 43,366,670 shares covered by this report, 882,870
shares are beneficially owned by Margaret Perenchio, A. Jerrold
Perenchio's spouse, as her separate property. Mr. Perenchio
has sole power to vote these shares pursuant to a proxy, but
Mrs. Perenchio has sole power to dispose of or direct the
disposition of these shares. Of the remaining 42,483,800 shares,
200 shares are owned by Mr. Perenchio in his individual capacity,
12,034 are owned indirectly through a limited partnership,
1,336,000 are owned indirectly through a limited liability company,
and 41,135,566 are owned by Mr. Perenchio in his capacity as sole
trustee of the Jerry Perenchio Living Trust, a revocable grantor
trust.
<PAGE>
(i) Sole power to vote or to direct the vote:
None
(ii) Shared power to vote or to direct the
vote: none.
(iii) Sole power to dispose or direct the
disposition of: 882,870 shares of Class A
Common Stock.
(iv) Shared power to dispose or to direct the
disposition of: none.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by the
Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the
Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set forth in
this statement is true, complete and correct as of December 31,
1997.
Dated this 7th day of February, 1998.
/s/ A. Jerrold Perenchio
A. Jerrold Perenchio
/s/ Margaret Perenchio
Margaret Perenchio
