Amendment No. 12 To Employment Agreement

Exhibit 10.12.3

Amendment No. 12 (the “Amendment”) To
Employment Agreement (the “Employment Agreement”) between
Ray Rodriguez (“Employee”) and The Univision Network Limited Partnership (“Company”)

Employee and Company agree to amend the Employment Agreement as follows:

1.                                        Term .  The Term of the Employment Agreement is extended through December 31, 2008, unless earlier terminated in accordance with the provisions of the Employment Agreement.

2.                                        Salary .  The annual Base Salary rate will be One Million Dollars ($1