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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) and (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)
UNIVISION COMMUNICATIONS INC.
-----------------------------
(Name of Issuer)
CLASS A COMMON STOCK
--------------------
(Title of Class of Securities)
914906102
------------
(CUSIP Number)
December 28, 2000
-----------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1 (b)
[ ] Rule 13d-1 (c)
[ ] Rule 13d-1 (d)
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CUSIP NO. 914906102 13G PAGE 1 OF 10 PAGES
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<TABLE>
<CAPTION>
<S> <C>
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Gustavo A. Cisneros
----------------------------------------------------------------------------------
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
----------------------------------------------------------------------------------
3.
SEC USE ONLY
----------------------------------------------------------------------------------
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
Venezuela
-----------------------------------------------------------------------------------
NUMBER OF SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH 5. SOLE VOTING POWER 0
-------------------------------------------------------------
6. SHARED VOTING POWER 17,837,164
-------------------------------------------------------------
7. SOLE DISPOSITIVE POWER 0
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER 17,837,164
----------------------------------------------------------------------------------
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,837,164
----------------------------------------------------------------------------------
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES(1) [X]
----------------------------------------------------------------------------------
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
21%(2)
----------------------------------------------------------------------------------
12.
TYPE OF REPORTING PERSON*
IN
----------------------------------------------------------------------------------
</TABLE>
(1) Excludes warrants to purchase an aggregate of 27,437,700 shares of Class
V Convertible Stock which may be exercised only to the extent that such
exercise would not cause a violation of the Communications Act of 1934,
as amended.
(2) Based on the number of shares of Class A Common Stock outstanding on
March 27, 2000, as represented in the Proxy Statement filed with the
Securities and Exchange Commission on March 30, 2000.
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CUSIP NO. 914906102 13G PAGE 2 OF 10 PAGES
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<TABLE>
<CAPTION>
<S> <C>
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Ricardo J. Cisneros
---------------------------------------------------------------------------------
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
---------------------------------------------------------------------------------
3.
SEC USE ONLY
---------------------------------------------------------------------------------
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
Venezuela
---------------------------------------------------------------------------------
NUMBER OF SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH 5. SOLE VOTING POWER 0
------------------------------------------------------------
6. SHARED VOTING POWER 17,837,164
------------------------------------------------------------
7. SOLE DISPOSITIVE POWER 0
------------------------------------------------------------
8. SHARED DISPOSITIVE POWER 17,837,164
---------------------------------------------------------------------------------
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,837,164
---------------------------------------------------------------------------------
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES(1) [X]
---------------------------------------------------------------------------------
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
21%(2)
---------------------------------------------------------------------------------
12.
TYPE OF REPORTING PERSON*
IN
---------------------------------------------------------------------------------
</TABLE>
(1) Excludes warrants to purchase an aggregate of 27,437,700 shares of Class
V Convertible Stock which may be exercised only to the extent that such
exercise would not cause a violation of the Communications Act of 1934,
as amended.
(2) Based on the number of shares of Class A Common Stock outstanding on
March 27, 2000, as represented in the Proxy Statement filed with the
Securities and Exchange Commission on March 30, 2000.
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CUSIP NO. 914906102 13G PAGE 3 OF 10 PAGES
------------------------- -------------------------
<TABLE>
<CAPTION>
<S> <C>
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Venevision International Limited
---------------------------------------------------------------------------------
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
---------------------------------------------------------------------------------
3.
SEC USE ONLY
---------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4. British Virgin Islands
------------ --------------------------------------------------------------------
NUMBER OF SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH 5. SOLE VOTING POWER 0
-------------------------------------------------------------
6. SHARED VOTING POWER 0
------------------------------------------------------------
7. SOLE DISPOSITIVE POWER 0
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER 0
---------------------------------------------------------------------------------
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
---------------------------------------------------------------------------------
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
---------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
---------------------------------------------------------------------------------
12.
TYPE OF REPORTING PERSON*
CO
---------------------------------------------------------------------------------
</TABLE>
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CUSIP NO. 914906102 13G PAGE 4 OF 10 PAGES
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<TABLE>
<CAPTION>
<S> <C>
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Venevision Investments LLC
----------------------------------------------------------------------------------
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
----------------------------------------------------------------------------------
3.
SEC USE ONLY
----------------------------------------------------------------------------------
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------------------------
NUMBER OF SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH 5. SOLE VOTING POWER 0
-------------------------------------------------------------
6. SHARED VOTING POWER 13,721,124
-------------------------------------------------------------
7. SOLE DISPOSITIVE POWER 0
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER 13,721,124
----------------------------------------------------------------------------------
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,721,124
----------------------------------------------------------------------------------
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES(1) [X]
----------------------------------------------------------------------------------
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
17%(2)
----------------------------------------------------------------------------------
12.
TYPE OF REPORTING PERSON*
CO
----------------------------------------------------------------------------------
</TABLE>
(1) Excludes warrants to purchase an aggregate of 27,437,700 shares of Class
V Convertible Stock which may be exercised only to the extent that such
exercise would not cause a violation of the Communications Act of 1934,
as amended.
(2) Based on the number of shares of Class A Common Stock outstanding on
March 27, 2000, as represented in the Proxy Statement filed with the
Securities and Exchange Commission on March 30, 2000.
<PAGE> 6
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CUSIP NO. 914906102 13G PAGE 5 OF 10 PAGES
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<TABLE>
<CAPTION>
<S> <C>
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
VVI Investments Corp.
----------------------------------------------------------------------------------
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
----------------------------------------------------------------------------------
3.
SEC USE ONLY
----------------------------------------------------------------------------------
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------------------------
NUMBER OF SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH 5. SOLE VOTING POWER 0
-------------------------------------------------------------
6. SHARED VOTING POWER 4,116,040
--------------------------------------------------------------
7. SOLE DISPOSITIVE POWER 0
--------------------------------------------------------------
8. SHARED DISPOSITIVE POWER 4,116,040
----------------------------------------------------------------------------------
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,116,040
----------------------------------------------------------------------------------
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
----------------------------------------------------------------------------------
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16%(1)
----------------------------------------------------------------------------------
12.
TYPE OF REPORTING PERSON*
CO
----------------------------------------------------------------------------------
</TABLE>
(1) Based on the number of shares of Class A Common Stock outstanding on
March 27, 2000, as represented in the Proxy Statement filed with the
Securities and Exchange Commission on March 30, 2000.
<PAGE> 7
ITEM 1(a). NAME OF ISSUER:
Univision Communications Inc. (the "Issuer")
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1999 Avenue of the Stars
Suite 3050
Los Angeles, CA 90067
ITEM 2(a). NAME OF PERSON FILING:
See respective cover pages.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Gustavo A. Cisneros
Quinta "La Canada"
Callejon Galipan, Calle El Parque
Caracas, Venezuela
Ricardo J. Cisneros
c/o Guri Organizacion de Servicios C.A.
Paseo Enrique Eraso
Centro Comerical Paseo Las Mercedes
Piso 2
Caracas, Venezuela
Venevision International Limited
Omar Hodge Building
Wickham's Cay, Road Town
Tortola, British Virgin Islands
Venevision Investments LLC
c/o Finser Corporation
550 Biltmore Way, Suite 900
Coral Gables, Florida 33134
VVI Investments Corp.
c/o Griffin Corporate Services, Inc.
300 Delaware Ave., 9th Floor
Wilmington, Delaware 19801
<PAGE> 8
ITEM 2(c). CITIZENSHIP:
Gustavo A. Cisneros and Ricardo J. Cisneros are citizens of
Venezuela. Venevision International Limited is an international business company
organized under the laws of the British Virgin Islands, Venevision Investments
LLC is a limited liability company organized under the laws of the state of
Delaware. VVI Investments Corp. is a corporation organized under the laws of
the state of Delaware.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Class A Common Stock (3)
ITEM 2(e). CUSIP NUMBER:
914906102
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b)
OR (c), CHECK WHETHER THE PERSON FILING IS:
(a) [ ] A broker or dealer registered under Section 15 of
the Exchange Act.
(b) [ ] A bank as defined in Section 3(a)(6) of the
Exchange Act.
(c) [ ] An insurance company as defined in Section 3(a)(19)
of the Exchange Act.
(d) [ ] An investment company registered under Section 8 of
the Investment Company Act.
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person, in
accordance with Rule 13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act.
-----------------
(3) The securities that give rise to each Reporting Person's reporting
obligations are shares of Class V Common Stock, which are convertible
into Class A Common Stock on a share for share basis. Pursuant to Rule
13d-3(d)(1)(i), such shares of Class V 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 to be beneficially owned by the person filing this report.
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(i) [ ] A church plan that is excluded from the definition
of an investment company under Section 3(c)(14) of
the Investment Company Act.
(j) [ ] A group, in accordance with Rule 13d-1(b)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this
box. [ ]
ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
<TABLE>
<S> <C>
(a) Amount beneficially owned:
See respective cover pages.
---------------------------
(b) Percent of class:
See respective cover pages.
---------------------------
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
See respective cover pages.
---------------------------
(ii) Shared power to vote or to direct the vote
See respective cover pages.
----------------------------
(iii) Sole power to dispose or to direct the disposition of
See respective cover pages.
---------------------------
(iv) Shared power to dispose or to direct the disposition of
See respective cover pages.
---------------------------
</TABLE>
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the Common Stock, check the following [ ].
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.
See Exhibit A attached hereto.
<PAGE> 10
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable
ITEM 10. CERTIFICATION.
Not applicable
<PAGE> 11
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.
January 10, 2001
--------------------------
(Date)
/s/ Gustavo A. Cisneros
--------------------------
By: Gustavo A. Cisneros
/s/ Ricardo J. Cisneros
--------------------------
By: Ricardo J. Cisneros
VENEVISION INTERNATIONAL LIMITED
/s/ Joan Jensen
-------------------------------------
By: Joan Jensen
Title: Attorney-In-Fact
VENEVISION INVESTMENTS LLC
/s/ Joan Jensen
-------------------------------------
By: Joan Jensen
Title: Secretary
VVI INVESTMENTS CORP.
/s/ Jose Misrahi
-------------------------------------
By: Jose Misrahi
Title: President
