Related Party Transactions and Outside Related Director Information

Hispanic Broadcasting Corporation (Retired) (HSP.X)

McHenry T. Tichenor is the father of McHenry T. Tichenor, Jr.

The Company employs McHenry T. Tichenor to consult on various matters. For the year ended December 31, 2002, Mr. Tichenor's salary was $50,000.

Mr. Stone's employment agreement provides for the Company to loan him up to $1.5 million. The loan requires interest only payments at 6% annual interest and matures on July 22, 2006. On July 30, 2001 and September 11, 2001, the Company advanced Mr. Stone $400,000 and $767,000, respectively. As of December 31, 2002, Mr. Stone can borrow up to $235,603 more under the terms of the loan. The loan is secured by 130,000 shares of Class A Common Stock owned by Mr. Stone.

The Company engaged CSFB to advise the Company on the merger with Univision. Ernesto Cruz, a director of the Company, is employed by CSFB. In 2002, the Company paid CSFB $2.0 million in fees for their services.