UNIVISION COMMUNICATIONS INC
11-K, 2000-06-21
TELEVISION BROADCASTING STATIONS
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                            ------------------------

                                   FORM 11-K

                                 ANNUAL REPORT
                        PURSUANT TO SECTION 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

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<C>                   <S>
     (MARK ONE):

         /X/          ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES
                      EXCHANGE ACT OF 1934 [NO FEE REQUIRED, EFFECTIVE OCTOBER 7,
                      1996].

                      FOR THE FISCAL YEAR ENDED DECEMBER 31, 1999

                                                   OR

         / /          TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE
                      SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED].

                      FOR THE TRANSITION PERIOD FROM       TO
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                        COMMISSION FILE NUMBER 001-12223

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 A. Full title to the plan and the address of the plan, if different from that
    of the issuer named below:

    Univision Savings Tax Advantage Retirement Plan

 B. Name of issuer of the securities held pursuant to the plan and the address
    of its principal executive office:

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

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                              REQUIRED INFORMATION

    Univision Communications Inc. hereby files the financial statements required
by Form 11-K with respect to the Univision Savings Tax Advantage Retirement Plan
(the "Plan"). The financial statements for the Plan and the report of
independent public accountants are attached hereto as Exhibits and are
incorporated in this Annual Report on Form 11-K.
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                                 EXHIBIT INDEX

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     EXHIBIT NO.                                    DESCRIPTION
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<C>                         <S>
        23.1                Consent of Arthur Andersen LLP.

        99                  Financial Statements and supplemental schedule for the
                            Univision Savings Tax Advantage Retirement Plan as of
                            December 31, 1999 and 1998 (with Report of Independent
                            Public Accountants thereon).
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