UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): June 14, 2002
UNIVISION COMMUNICATIONS INC.
(Exact Name of Registrant as Specified in its Charter)
| Delaware (State or Other Jurisdiction of Incorporation) |
001-12223 (Commission File Number) |
95-4398884 (I.R.S. Employer Identification Number) |
| 1999 Avenue of the Stars, Suite 3050 Los Angeles, California (Address of Principal Executive Offices) |
90067 (Zip Code) |
Tel: (310) 556-7676
(Registrant's Telephone Number, Including Area Code)
UNIVISION COMMUNICATIONS INC. AND SUBSIDIARIES
Item 4. Changes in Registrant's Certifying Accountant.
On June 13, 2002, Univision Communications Inc. (the "Company") dismissed Arthur Andersen LLP ("Arthur Andersen") as the Company's independent public accountants and engaged Ernst & Young LLP ("E&Y") to serve as the Company's independent public accountants for the fiscal year 2002. The decisions were approved by the Audit Committee of the Company's Board of Directors.
Arthur Andersen's reports on the Company's consolidated financial statements for each of the fiscal years ended December 31, 2000 and 2001 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended December 31, 2000 and 2001 and through March 21, 2002, there were no disagreements with Arthur Andersen on any matter of accounting principle or practice, financial statement disclosure, or auditing scope or procedure which, if not resolved to Arthur Andersen's satisfaction, would have caused them to make reference to the subject matter in connection with their report on the Company's consolidated financial statements for such years; and there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.
During the fiscal years ended December 31, 2000 and 2001 and through June 13, 2002, the Company did not consult E&Y with respect to the application of accounting principles to a specified transaction, either completed or proposed, the type of audit opinion that might be rendered on the Company's consolidated financial statements, or any other matter or reportable event as set forth in Items 304(a)(2)(i) and (ii) of Regulation S-K.
The Company provided Arthur Andersen a copy of the foregoing disclosures. Attached, as Exhibit 16.1, is a copy of Arthur Andersen's letter dated June 14, 2002 stating that it has found no basis for disagreement with such statements.
Item 7. Financial Statements and Exhibits.
| 16.1 | Letter from Arthur Andersen LLP to the Securities and Exchange Commission dated June 14, 2002 | Filed with this document | ||
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| UNIVISION COMMUNICATIONS INC. (Registrant) |
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| June 14, 2002 | By | /s/ GEORGE W. BLANK George W. Blank Executive Vice President and Chief Financial Officer |
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| Exhibit Number |
Exhibit Title |
|
|---|---|---|
| 16.1 | Letter from Arthur Andersen LLP to the Securities and Exchange Commission dated June 14, 2002. | |