Exhibit 4.22

Execution Version

AMENDED AND RESTATED

CERTIFICATE OF INCORPORATION

OF

BROADCASTING MEDIA PARTNERS, INC.

Broadcasting Media Partners, Inc., a corporation organized and existing under the laws of the State of Delaware (the “Corporation”), hereby certifies as follows:

FIRST: The name of the Corporation is Broadcasting Media Partners, Inc. The Corporation was originally formed as a limited liability company under the name of Umbrella Holdings, LLC and the certificate of formation was filed with the Secretary of State of the State of Delaware on June 6, 2006. The certificate of conversion of the Corporation from a limited liability company to a corporation and the original Certificate of Incorporation of the Corporation (the “Original Certificate”) were each filed with the Secretary of State of the State of Delaware on March 12, 2007.

SECOND: The Original Certificate was amended and restated pursuant to an Amended and Restated Certificate of Incorporation of the Corporation filed with the Secretary of State of the State of Delaware on March 22, 2007 (the “First Amended Certificate”).

THIRD: The First Amended Certificate was amended and restated pursuant to an Amended and Restated Certificate of Incorporation of the Corporation filed with the Secretary of State of the State of Delaware on March 28, 2007 (the “Second Amended Certificate”).

FOURTH: The Second Amended Certificate was amended pursuant to a Certificate of Amendment of the Certificate of Incorporation of the Corporation filed with the Secretary of State of the State of Delaware on February 4, 2008 (the “Third Amended Certificate”).

FIFTH: The Third Amended Certificate was amended and restated pursuant to an Amended and Restated Certificate of Incorporation of the Corporation filed with the Secretary of State of the State of Delaware on November 23, 2010 (the “Fourth Amended Certificate”).

SIXTH: The Fourth Amended Certificate was amended and restated pursuant to an Amended and Restated Certificate of Incorporation of the Corporation filed with the Secretary of State of the State of Delaware on November 24, 2010 (the “Fifth Amended Certificate”).

SEVENTH: Pursuant to Sections 228, 242 and 245 of the General Corporation Law of the State of Delaware, this Amended and Restated Certificate of Incorporation has been duly adopted and restates and integrates and further amends the provisions of the Fifth Amended Certificate.

EIGHTH: The text of the Certificate of Incorporation of the Corporation, as amended and restated to date, is hereby amended and restated in its entirety to read as follows:

1. The name of the Corporation is Broadcasting Media Partners, Inc.

2. The registered office of the Corporation in the State of Delaware is Corporation Trust Center, 1209 Orange Street, Wilmington, New Castle County, Delaware 19801. The name of its registered agent at such address is The Corporation Trust Company.

3. The purpose of the Corporation is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of the State of Delaware (the “DGCL”).

4. Capital Stock.

4.1. Authorized Shares. The total number of shares of capital stock that the Corporation has authority to issue is One Hundred Twenty Million and Five Hundred Thousand (120,500,000) shares, consisting of:

(a) Fifty Million (50,000,000) shares of Class A Common Stock, par value $0.001 per share (“Class A Common Stock”);

(b) Fifty Million (50,000,000) shares of Class B Common Stock, par value $0.001 per share (“Class B Common Stock”);

(c) Ten Million (10,000,000) shares of Class C Common Stock, par value $0.001 per share (“Class C Common Stock”);

(d) Ten Million (10,000,000) shares of Class D Common Stock, par value $0.001 per share (“Class D Common Stock”); and

(e) Five Hundred Thousand (500,000) shares of Preferred Stock, par value $0.001 per share (“Preferred Stock”).

The Class A Common Stock, the Class B Common Stock, the Class C Common Stock and the Class D Common Stock are referred to collectively as the “Common Stock”; and each class shall be referred to as a class of Common Stock. The shares of Common Stock shall have the rights, preferences, privileges and limitations set forth below.

Shares of Preferred Stock may be issued from time to time in one or more series of any number of shares as may be determined in good faith from time to time by the Board, provided that the aggregate number of shares issued and not cancelled of any and all such series shall not exceed the total number of shares of Preferred Stock authorized by this Certificate of Incorporation. Each series of Preferred Stock shall be distinctly designated. Except in respect of the particulars fixed for a series by the Board as permitted hereby, all shares of Preferred Stock shall be alike in every particular, except that shares of any one series issued at different times may differ as to the dates of Preferred Stock from which dividends thereon shall be cumulative. The voting powers, if any, of each such series of Preferred Stock and the preferences and relative, participating, optional and other special rights of each such series and the qualifications, limitations and restrictions thereof, if any, may differ from those of any and all other series at any time outstanding; and the Board is hereby expressly granted authority to fix, in the resolution or resolutions providing for the issue of a particular series of Preferred Stock, the voting powers, if any, of each such series and the designations, preferences and relative, participating, optional and other special rights of each such series and the qualifications, limitations and restrictions thereof to the full extent now or hereafter permitted by this Certificate of Incorporation and the laws of the State of Delaware.

4.2. Definitions. As used in this Certificate of Incorporation, the following terms have the following definitions:

4.2.1 “Acquisition Holdco” shall have the meaning set forth in the Stockholders Agreement.

4.2.2 “Additional Equity Amount” shall have the meaning set forth in the Stockholders Agreement.

4.2.3 “Adjusted Outstanding Common Stock” shall mean, as of any date of determination, the then outstanding Common Stock, plus the shares of Common Stock underlying any outstanding Convertible Securities (other than Convertible Securities held by officers, employees or consultants of the Corporation or any direct or indirect subsidiary of the Corporation), plus in-the-money Vested Shares (it being understood that with respect to Vested Shares that are Convertible Securities, only the shares of Common Stock underlying such Convertible Securities shall be included as Adjusted Outstanding Common Stock).

4.2.4 “Affiliate” shall mean, with respect to any specified Person, any other Person which directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with, such specified Person; provided, however, that neither the Corporation nor any of its subsidiaries shall be deemed an Affiliate of any of the holders of shares of Common Stock (and vice versa), and, in addition, such specified Person’s Affiliates shall also include, (a) if such specified Person is a private equity investment fund, any other private equity investment fund the primary investment advisor to which is the primary investment advisor to such specified Person or an Affiliate thereof, and (b) if such specified Person is a natural Person, any Family Member of such natural Person.

4.2.5 “Affiliated Fund” shall mean, with respect to any specified Person, a private equity investment fund that is an Affiliate of such Person or that is advised by the same investment adviser as such Person or by an Affiliate of such investment adviser.

4.2.6 “BMPH” shall mean Broadcast Media Partners Holdings, Inc., a Delaware corporation (together with its successors and permitted assigns).

4.2.7 “BMPS1” shall mean BMPI Services, LLC.

4.2.8 “BMPS1 LLC Agreement” shall mean the Amended and Restated Limited Liability Company Agreement of BMPI Services, LLC, dated as of January 29, 2008, as amended from time to time.

4.2.9 “BMPS2” shall mean BMPI Services II, LLC

4.2.10 “BMPS2 LLC Agreement” shall mean the Amended and Restated Limited Liability Company Agreement of BMPI Services II, LLC, dated as of the date hereof, as amended from time to time.

4.2.11 “Board” shall mean the Board of Directors of the Corporation.

4.2.12 “Bylaws” shall have the meaning set forth in Section 4.4.2(a).

4.2.13 “Catch-Up Liquidation Preference Amount” shall have the meaning set forth in Section 4.10.

4.2.14 “Change of Control” shall have the meaning set forth in the Stockholders Agreement.

4.2.15 “Class A Common Stock” shall have the meaning set forth in Section 4.1(a).

4.2.16 “Class B Common Stock” shall have the meaning set forth in Section 4.1(b).

4.2.17 “Class C Common Stock” shall have the meaning set forth in Section 4.1(c).

4.2.18 “Class D Common Stock” shall have the meaning set forth in Section 4.1(d).

4.2.19 “Closing” has the meaning set forth in the Principal Investor Agreement.

4.2.20 “Co-Investment Vehicle” shall mean any one of (a) the MDP Co-Investment Vehicles, collectively, (b) the PEP Co-Investment Vehicles, collectively, (c) the THL Co-Investment Vehicles, collectively, and (d) the TPG Co-Investment Vehicles, collectively.

4.2.21 “Common Stock” shall have the meaning set forth in Section 4.1.

4.2.22 “Company Securities” shall have the meaning set forth in Section 5.4(a).

4.2.23 “Compliant Change of Control Transaction” shall have the meaning set forth in the Stockholders Agreement.

4.2.24 “Consolidated Leverage Ratio” shall have the meaning set forth in the Stockholders Agreement.

4.2.25 “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control with”), as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise.

4.2.26 “Convertible Securities” shall mean any evidence of indebtedness (including the TV Debentures), shares of stock, options, warrants (including the TV Warrants) or other securities which are directly or indirectly convertible into or exchangeable or exercisable for shares of Common Stock, including any options and warrants; provided that the Preferential Rights shall not be deemed to be Convertible Securities.

4.2.27 “Corporation” shall have the meaning set forth in the Preamble.

4.2.28 “Credit Agreement” shall mean that certain Credit Agreement, dated as of March 29, 2007, as amended on June 19, 2009, and as amended and restated as of October 26, 2010, among Univision, Univision of Puerto Rico Inc., the lenders from time to time party thereto, Deutsche Bank AG New York Branch, as administrative agent and collateral agent, and the other agents from time to time party thereto, as the same may be amended from time to time.

4.2.29 “DGCL” shall have the meaning set forth in Section 3.

4.2.30 “Discriminate(s)” and “Discrimination” shall mean, with respect to a specified Person, to discriminate against such specified Person as compared to other applicable parties in a manner that is, or is reasonably expected to be, (a) with respect to all Persons other than the Televisa Investors, materially and disproportionately adverse to such specified Person and, (b) with respect to any Televisa Investor, disproportionately adverse to such Televisa Investor.

4.2.31 “Equity Incentive Plans” shall have the meaning set forth in the Stockholders Agreement.

4.2.32 “Equity Percentage” shall have the meaning set forth in the Stockholders Agreement.

4.2.33 “Equity Pool Cap” shall mean:

(a) with respect to the period from and including March 29, 2007 until and including the fifth anniversary of the Televisa Closing, eight percent (8%) (or any larger percentage that the Majority Televisa Investors approve in writing) of the Adjusted Outstanding Common Stock (as adjusted for recapitalizations, stock splits and the like) as of immediately after the Televisa Closing;

(b) with respect to each successive five (5) year period after the fifth anniversary of the Televisa Closing, five percent (5%) (or any larger percentage that the Majority Televisa Investors approve in writing) of the Adjusted Outstanding Common Stock (as adjusted for recapitalizations, stock splits and the like) as of the first day of such successive five (5) year-period.

4.2.34 “Exchange Act” shall mean the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time.

4.2.35 “Fair Market Value” shall have the meaning set forth in Section 5.4(b).

4.2.36 “Family Member” shall mean, with respect to any natural Person, (a) any lineal descendant or ancestor or sibling (by birth or adoption) of such natural Person, (b) any spouse or former spouse of any of the foregoing, (c) any legal representative or estate of any of the foregoing, or the ultimate beneficiaries of the estate of any of the foregoing, if deceased and (d) any trust or other bona fide estate-planning vehicle the only beneficiaries of which are any of the foregoing Persons described in clauses (a) through (c) above.

4.2.37 “FCC” shall mean the United States Federal Communications Commission or any successor entity.

4.2.38 “FCC-Approved Trust” shall mean a trust to which the transfer of Shares in accordance with the terms and conditions set forth in Section 5 would not cause the Corporation or any of its subsidiaries, the Televisa Investors or such trust to be in violation of applicable Laws, including the Federal Communications Laws.

4.2.39 “FCC Permitted Increase in Ownership” shall have the meaning set forth in the Investment Agreement.

4.2.40 “FCC Regulatory Limitations” shall have the meaning set forth in Section 5.1.

4.2.41 “Federal Communications Laws” shall have the meaning set forth in Section 5.1.

4.2.42 “Fifth Amended Certificate” shall have the meaning set forth in the Recitals.

4.2.43 “First Amended Certificate” shall have the meaning set forth in the Recitals.

4.2.44 “Fourth Amended Certificate” shall have the meaning set forth in the Recitals.

4.2.45 “GAAP” shall mean United States generally accepted accounting principles as in effect on the date of the Televisa Closing.

4.2.46 “Governmental Authority” shall mean any United States (federal, state or local) or foreign government, or governmental, regulatory, judicial or administrative authority, agency, commission or court (including the FCC and applicable stock exchange(s)).

4.2.47 “Group” shall mean “group” (within the meaning of Section 13(d)(3) of the Exchange Act); provided, that a “group” must be formed knowingly in order to constitute a Group, and the existence of any Group may not be established by mere parallel action.

4.2.48 “Indebtedness” shall have the meaning set forth in the Principal Investor Agreement.

4.2.49 “Initial Public Offering” shall mean the initial underwritten Public Offering registered on Form S-1 (or any successor form under the Securities Act).

4.2.50 “Investment Agreement” shall mean the Investment Agreement among the Corporation, Univision, Televisa, Pay-TV Venture, Inc., and BMPI Services II, LLC dated as of the date hereof, as amended from time to time.

4.2.51 “Law” shall mean any statute, law, ordinance, regulation, rule, code, injunction, judgment, decree, order or any other judicially enforceable legal requirement (including common law) of any Governmental Authority.

4.2.52 “Liquidation Event” shall have the meaning set forth in Section 4.10.

4.2.53 “Majority in Interest” shall mean with respect to shares of Common Stock of one or more class(es), a majority in number of such shares of Common Stock of all such class or classes taken in the aggregate.

4.2.54 “Majority MDP Investors” shall mean, as of any date, the holders of a Majority in Interest of the shares of Common Stock held by the MDP Investors.

4.2.55 “Majority PEP Investors” shall mean, as of any date, the holders of a Majority in Interest of the shares of Common Stock held by the PEP Investors.

4.2.56 “Majority PITV Investors” shall mean, as of any applicable time, (a) PITV Investor Groups that, in the aggregate, hold greater than fifty percent (50%) of the outstanding Common Stock then held by all PITV Investor Groups (provided, in the case of the Televisa Investors, including only such shares of Common Stock held directly by Televisa) and (b) a majority of the PITV Investor Groups; provided, that if the aggregate number of PITV Investor Groups is two and both of the PITV Investor Groups have not reached agreement or consented with respect to a matter, the term “Majority PITV Investors” shall have the meaning set forth in clause (a) of this definition only; provided, further, that no Principal Investor Group shall be deemed to be a Principal Investor Group for purposes of this definition from and after such time that it has voluntarily sold sixty six and two thirds percent (66 2/3%) or more, in the aggregate, of the Shares held by such Principal Investor Group immediately following the Closing to Persons other than their respective Permitted Transferees; and provided, further, that, following a Transfer of control to an initial or subsequent Purchaser of Control, such Purchaser of Control shall have the right to exercise the rights of the transferor Principal Investor Groups and the transferor PITV Investor Groups in accordance with Section 3.8 of the Stockholders Agreement.

4.2.57 “Majority Principal Investors” shall mean, as of any applicable time, (a) Principal Investor Groups (excluding, in each case, Co-Investment Vehicles that constitute part of such Principal Investor Group) that, in the aggregate, hold at least 60% of the outstanding Common Stock then held by all Principal Investor Groups (without taking into account shares of Common Stock held by Co-Investment Vehicles that are part of such Principal Investor Group) and (b) a majority of the Principal Investor Groups; provided, that if the aggregate number of Principal Investor Groups is an even number and a majority of the Principal Investor Groups has not reached agreement or consented with respect to a matter, the term “Majority Principal Investors” shall have the meaning set forth in clause (a) of this definition only; provided, further, that no Principal Investor Group shall be deemed to be a Principal Investor Group for purposes of this definition from and after such time that it has voluntarily sold sixty six and two thirds percent (66 2/3%) or more, in the aggregate, of the Shares held by such Principal Investor Group immediately following the Closing to Persons other than their respective Permitted Transferees; provided, further, that, following a Transfer of control to an initial or subsequent Purchaser of Control, such Purchaser of Control shall have the right to exercise the rights of the Principal Investors and the Majority Principal Investors in accordance with Section 3.8 of the Stockholders Agreement.

4.2.58 “Majority SCG Investors” shall mean, as of any date, the holders of a Majority in Interest of the shares of Common Stock held by the SCG Investors.

4.2.59 “Majority Televisa Investors” shall mean, as of any date, the holders of a Majority in Interest of the shares of Common Stock held by the Televisa Investors.

4.2.60 “Majority THL Investors” shall mean, as of any date, the holders of a Majority in Interest of the shares of Common Stock held by the THL Investors.

4.2.61 “Majority TPG Investors” shall mean, as of any date, the holders of a Majority in Interest of the shares of Common Stock held by the TPG Investors.

4.2.62 “Mandatory Conversion Event” shall have the meaning set forth in Section 4.8.4.

4.2.63 “Maximum Equity Percentage” shall have the meaning set forth in the Stockholders Agreement.

4.2.64 “MDP” shall mean, as of any date, Madison Dearborn Capital Partners IV, L.P., Madison Dearborn Capital Partners V-A, L.P., MDCPV Intermediate (Umbrella), L.P., MDCPIV Intermediate (Umbrella), L.P., and their respective Permitted Transferees, in each case only if such Person holds any Shares.

4.2.65 “MDP Co-Investment Vehicles” shall mean, as of any date, MDCP Foreign Co-Investors (Umbrella), L.P., MDCP US Co-Investors (Umbrella), L.P. and their respective successor entities, and any Affiliated Fund thereof if, in each case, (i) substantially all of the equity thereof (including amounts paid for the acquisition of any Convertible Securities to subscribe for, purchase or otherwise acquire such equity) has not been contributed by the same investors, partners and members as contributed to the equity of MDP, (ii) such entity has been formed for the main purpose of investing in the Corporation or any Affiliate thereof, and (iii) such entity owns Shares. For the avoidance of doubt, neither MDCPIV Intermediate (Umbrella), L.P., MDCPV Intermediate (Umbrella), L.P. nor any successor thereof shall be deemed to be a Co-Investment Vehicle for the purposes of this Certificate of Incorporation.

4.2.66 “MDP Investors” shall mean, as of any date, MDP, the MDP Co-Investment Vehicles, and their respective Permitted Transferees, in each case only if such Person holds any Shares.

4.2.67 “Minimum Total Combined Investment” shall mean, with respect to any one Principal Investor, shares of Common Stock with an aggregate initial cost of $150,000,000. For purposes hereof, the agreed initial cost of a share of Common Stock shall be $398.52 (subject to appropriate adjustment for stock splits, dividends and similar events).

4.2.68 “Non-Voting Stock” shall have the meaning set forth in Section 5.4(c).

4.2.69 “Original Certificate” shall have the meaning set forth in the Recitals.

4.2.70 “Participation, Registration Rights and Coordination Agreement” shall mean the Amended and Restated Participation, Registration Rights and Coordination Agreement of the Corporation, dated as of the date hereof, as amended from time to time.

4.2.71 “PEP” shall mean, as of any date, Providence Equity Partners V (Umbrella US) L.P., Providence Equity Partners VI (Umbrella US) L.P., Providence Investors V (Univision) L.P., Providence Investors VI (Univision) L.P. and their respective Permitted Transferees, in each case only if such Person holds any Shares.

4.2.72 “PEP Co-Investment Vehicles” shall mean, as of any date, Providence Co-Investors (Univision) L.P., Providence Co-Investors (Univision US) L.P. and their respective successor entities, and any Affiliated Fund thereof if, in each case, (i) substantially all of the equity thereof (including amounts paid for the acquisition of any Convertible Securities to subscribe for, purchase or otherwise acquire such equity) has not been contributed by the same investors, partners and members as contributed to the equity of PEP, (ii) such entity has been formed for the main purpose of investing in the Corporation or any Affiliate thereof, and (iii) such entity owns Shares. For the avoidance of doubt, neither Providence Investors V (Univision) L.P., Providence Investors VI (Univision) L.P., nor any successor thereof shall be deemed to be a Co-Investment Vehicle for the purposes of this Certificate of Incorporation.

4.2.73 “PEP Investors” shall mean, as of any date, PEP, the PEP Co-Investment Vehicles, and their respective Permitted Transferees, in each case only if such Person holds any Shares.

4.2.74 “Permitted Transferee” shall mean, in respect of (a) any PITV Investor, (i) any Affiliate of such PITV Investor (other than a portfolio company of such PITV Investor) or (ii) any successor entity, and (b) any SCG Investor, (i) any Person which is controlled by or for the benefit of Haim Saban or Cheryl Saban (or in the event of their divorce, their subsequent respective spouses) (collectively “Saban”) or their Family Members (other than a portfolio company of any SCG Investor), (ii) then-current or former officers and/or employees of Saban or entities controlled by Saban who were issued such interests as a result of or in connection with their employment by Saban, or such officers’ and/or employees’ Family Members to the extent they receive such Transferred interests initially issued to such officer or employee as a result of or in connection with his or her employment by Persons controlled by Saban, and (iii) any trust, custodianship or other entity created for estate or tax planning purposes all of the beneficiaries of which are any of the persons listed in subclause (i) to (iii) of this clause (b); in each case described in clauses (a) and (b), only if such Transferee agrees to be bound by the terms of the Transaction Agreements in accordance with their respective terms to the same extent its transferor is bound thereby (it being understood that any Transfer not meeting the foregoing conditions but purporting to rely on Section 3.1.1 of the Stockholders Agreement shall be null and void). In addition, any stockholder of the Corporation shall be a Permitted Transferee of the Permitted Transferees of itself and any member of a Principal Investor Group shall be a Permitted Transferee of any other member of such Principal Investor Group. No Restricted Person shall be a “Permitted Transferee.”

4.2.75 “Person” shall mean any individual, partnership, corporation, company, association, trust, joint venture, limited liability company, unincorporated organization, entity or division, or any government, governmental department or agency or political subdivision thereof.

4.2.76 “PITV Investor Group” shall mean (a) each of the Principal Investor Groups; and (b) the Televisa Investors; provided, however, that the Televisa Investors shall cease to be a PITV Investor Group after a Televisa Sell-Down. Where this Certificate of Incorporation provides for the vote, consent or approval of any PITV Investor Group, such vote, consent or approval shall be determined by (i) the Majority MDP Investors, the Majority PEP Investors, the Majority SCG Investors, the Majority Televisa Investors, the Majority THL Investors or the Majority TPG Investors, as the case may be, or (ii) a Purchaser of Control, as applicable, except as otherwise specifically set forth herein.

4.2.77 “PITV Investors” shall mean the Televisa Investors and the Principal Investors, collectively; provided that a Principal Investor and/or a Televisa Investor shall cease to be a PITV Investor if it ceases to be a member of a PITV Investor Group; provided, further, that, following a Transfer of control to an initial or subsequent Purchaser of Control, such Purchaser of Control shall have the right to exercise the rights of the transferor Principal Investors in accordance with Section 3.8 of the Stockholders Agreement.

4.2.78 “Preferred Stock” shall have the meaning set forth in Section 4.1(e).

4.2.79 “Preferential Rights” shall have the meaning set forth in the Stockholders Agreement.

4.2.80 “Principal Investor” shall mean any member of a Principal Investor Group that holds Shares.

4.2.81 “Principal Investor Agreement” shall mean the Amended and Restated Principal Investor Agreement of the Corporation, dated as of the date hereof, as amended from time to time.

4.2.82 “Principal Investor Group” shall mean any one of (a) the MDP Investors, collectively, (b) the PEP Investors, collectively, (c) the SCG Investors, collectively, (d) the THL Investors, collectively, and (e) the TPG Investors, collectively; provided, however, that any such Principal Investor Group shall cease to be a Principal Investor Group at such time after the Televisa Closing, and at all times thereafter, as such Principal Investor Group ceases to hold Shares representing a Total Combined Investment of at least the Minimum Total Combined Investment; provided, further, that, following a Transfer of control to an initial or subsequent Purchaser of Control, such Purchaser of Control shall have the right to exercise the rights of the Principal Investor Groups in accordance with Section 3.8 of the Stockholders Agreement; provided, further, that no adjustment or modification to the term “Minimum Total Combined Investment” shall cause any former Principal Investor Group to again become a Principal Investor Group. Where this Certificate of Incorporation provides for the vote, consent or approval of any Principal Investor Group, such vote, consent or approval shall be determined by (i) the Majority MDP Investors, the Majority PEP Investors, the Majority THL Investors, the Majority TPG Investors, or the Majority SCG Investors, as the case may be, or (ii) any Purchaser of Control, as applicable, except as otherwise specifically set forth herein.

4.2.83 “Principal Investor Sell-Down” shall have the meaning set forth in the Stockholders Agreement.

4.2.84 “Proceeds” shall have the meaning set forth in Section 4.10.

4.2.85 “Public Offering” shall mean a public offering and sale of Common Stock for cash pursuant to an effective registration statement under the Securities Act.

4.2.86 “Purchaser of Control” shall have the meaning set forth in the Stockholders Agreement.

4.2.87 “Qualified Public Offering” shall have the meaning set forth in the Stockholders Agreement.

4.2.88 “Redemption Date” shall have the meaning set forth in Section 5.4(d).

4.2.89 “Redemption Securities” shall have the meaning set forth in Section 5.4(e).

4.2.90 “Refinancing Indebtedness” means new Indebtedness that refinances existing Indebtedness up to the same outstanding principal amount (or unused commitments in the case of then-existing revolving Indebtedness or then-existing receivables financing plus any applicable premiums and accrued interest or discount on such refinanced Indebtedness) plus the fees and expenses incurred directly related to the issuance of the new Indebtedness.

4.2.91 “Related Party” shall have the meaning set forth in the Principal Investor Agreement.

4.2.92 “Restricted Person” shall have the meaning set forth in the Stockholders Agreement.

4.2.93 “Restricted Public Stockholders” shall have the meaning set forth in Section 5.4(f).

4.2.94 “Restricted Subsidiary” shall mean any direct or indirect subsidiary of the Company that is not an Unrestricted Subsidiary

4.2.95 “Saban” shall have the meaning set forth in the definition of “Permitted Transferee.”

4.2.96 “Saban Arrangements” shall mean the arrangements reflected in the Saban Services Agreement, the BMPS1 LLC Agreement or the BMPS2 LLC Agreement, as amended from time to time.

4.2.97 “Saban Services Agreement” shall mean the Amended and Restated Services Agreement, by and between the Corporation, SCG Investments IIB LLC, BMPI Services LLC and BMPI Services II, LLC, dated as of the date hereof, as amended from time to time.

4.2.98 “Sale Date” shall have the meaning set forth in Section 5.4(g).

4.2.99 “SCG Investors” shall mean, as of any date, SCG Investments II, LLC and its Permitted Transferees, in each case only if such Person holds any Shares.

4.2.100 “Second Amended Certificate” shall have the meaning set forth in the Recitals.

4.2.101 “Securities Act” shall mean the Securities Act of 1933 and the rules and regulations promulgated thereunder, as amended from time to time.

4.2.102 “Service Agreements” shall have the meaning set forth in the Stockholders Agreement.

4.2.103 “Shares” shall have the meaning set forth in the Stockholders Agreement.

4.2.104 “Specified Debt Level” means $10,601.7 million plus any cumulative accretion in the interest on any outstanding 9.75%/10.50% senior toggle notes due 2015 of Univision, less cumulative mandatory amortization and voluntary and mandatory prepayments, repayments, redemptions, purchases or repurchases (in each case, other than as a result of the incurrence of Refinancing Indebtedness relating thereto and the application of the proceeds thereof) of the term loans under the Credit Agreement, in each case, from and after September 30, 2010.

4.2.105 “Spin-Off Securities” shall have the meaning set forth in Section 4.4.3(j).

4.2.106 “Spin-Off Transaction” shall have the meaning set forth in Section 4.4.3(j).

4.2.107 “Stockholders Agreement” shall mean the Amended and Restated Stockholders Agreement of the Corporation, dated as of the date hereof, as amended from time to time.

4.2.108 “subsidiary” of any Person, shall mean any corporation, partnership, joint venture or other legal entity of which such Person (either alone or through or together with any other subsidiary), owns, directly or indirectly, more than 50% of the stock or other equity interests, the holders of which are generally entitled to vote for the election of the board of directors or other governing body of such corporation or other legal entity.

4.2.109 “Televisa” shall mean, as of any date, Grupo Televisa, S.A.B., a corporation organized under the laws of Mexico, and its Permitted Transferees who hold any Shares.

4.2.110 “Televisa Closing” shall mean the “Closing” as defined in the Investment Agreement.

4.2.111 “Televisa Investors” shall mean, as of any date, collectively, (i) Televisa; (ii) any Person that is not a Permitted Transferee of Televisa but that is, as of such date, a member of a Group of which Televisa and/or any of its Affiliates is a member with respect to securities of the Corporation (excluding any Principal Investor); and (iii) a Permitted Transferee of a Person described in clause (ii) above, provided that such Permitted Transferee is, as of such date, a member of a Group of which Televisa and/or any of its Affiliates is a member with respect to securities of the Corporation (excluding any Principal Investor); in each case under clauses (i), (ii) and (iii), only if and to the extent such Person is then a Stockholder and holds any Shares; provided, further, that BMPS2 shall not constitute a Televisa Investor and Televisa shall not be responsible for any actions or failures to act of BMPS2, but Televisa shall be deemed to hold the Shares held by BMPS2, including regardless of any Transfer of Shares by BMPS2 under the Saban Arrangements.

4.2.112 “Televisa Liquidation Preference Amount” shall have the meaning set forth in Section 4.10.

4.2.113 “Televisa Sell-Down” shall have the meaning set forth in the Stockholders Agreement.

4.2.114 “Third Amended Certificate” shall have the meaning set forth in the Recitals.

4.2.115 “Third Party Purchase Price” shall have the meaning set forth in Section 5.4(h).

4.2.116 “THL” shall mean, as of any date, Thomas H. Lee Equity Fund VI, L.P., THL Equity Fund VI Investors (Univision), L.P., and their respective Permitted Transferees, in each case only if such Person holds any Shares.

4.2.117 “THL Co-Investment Vehicles” shall mean, as of any date, THL Equity Fund VI Intermediate Investors (Univision), L.P., THL Equity Fund VI Intermediate Investors (Univision US), L.P., THL Equity Fund VI Investors (GS), LLC, and their respective successor entities, and any Affiliated Fund thereof if, in each case, (i) substantially all of the equity thereof (including amounts paid for the acquisition of any Convertible Securities to subscribe for, purchase or otherwise acquire such equity) has not been contributed by the same investors, partners and members as contributed to the equity of THL, (ii) such entity has been formed for the main purpose of investing in the Corporation or any Affiliate thereof, and (iii) such entity owns Shares. For the avoidance of doubt, neither THL Equity Fund VI Investors (Univision), L.P. nor any successor thereof shall be deemed to be a Co-Investment Vehicle for the purposes of this Certificate of Incorporation.

4.2.118 “THL Investors” shall mean, as of any date, THL, the THL Co-Investment Vehicles, and their respective Permitted Transferees, in each case only if such Person holds any Shares.

4.2.119 “Total Combined Investment” shall mean with respect to a Person or group of Persons at any time, the aggregate number of shares of Common Stock (including shares of Common Stock underlying the outstanding TV Debentures and the outstanding TV Warrants) then held by such Person or group of Persons.

4.2.120 “TPG” shall mean, as of any date, TPG Umbrella IV, L.P., TPG Media V-AIV 1, L.P., TPG Umbrella International IV, L.P., TPG Media V-AIV 2, L.P. and their respective Permitted Transferees, in each case only if such Person holds any Shares.

4.2.121 “TPG Co-Investment Vehicles” shall mean, as of any date, TPG Umbrella Co-Investment, L.P., TPG Umbrella International Co-Investment, L.P., and their respective successor entities, and any Affiliated Fund thereof if, in each case, (i) substantially all of the equity thereof (including amounts paid for the acquisition of any Convertible Securities to subscribe for, purchase or otherwise acquire such equity) has not been contributed by the same investors, partners and members as contributed to the equity of TPG, (ii) such entity has been formed for the main purpose of investing in the Corporation or any Affiliate thereof, and (iii) such entity owns Shares. For the avoidance of doubt, neither TPG Umbrella International IV, L.P., TPG Umbrella International V, L.P. nor any successor thereof shall be deemed to be a Co-Investment Vehicle for the purposes of this Certificate of Incorporation.

4.2.122 “TPG Investors” shall mean, as of any date, TPG, the TPG Co-Investment Vehicles, and their respective Permitted Transferees, in each case only if such Person holds any Shares.

4.2.123 “Transaction Agreements” shall mean the Investment Agreement, the Principal Investor Agreement, the Stockholders Agreement, the Participation, Registration Rights and Coordination Agreement, the TV Debentures, the TV Warrants, the Service Agreements, this Certificate of Incorporation, the Bylaws, the organizational documents of BMPH and Univision and the Letter of Credit (as defined in the Investment Agreement).

4.2.124 “Transfer” shall mean any sale, pledge (provided that the term “Transfer” shall not be deemed to include a pledge of any Shares pursuant to a bona fide financing with a financial institution, commercial lender or other bona fide provider of debt financing, but shall be deemed to include a foreclosure on, or subsequent Transfer of, any such pledged Shares), assignment, encumbrance or other transfer or disposition of any Shares (or any voting or economic interest therein) to any other Person, whether directly, indirectly, voluntarily, involuntarily, by operation of law, pursuant to judicial process or otherwise. For the avoidance of doubt, it shall constitute a “Transfer” subject to the restrictions on Transfer contained or referenced in Section 3 of the Stockholders Agreement (a) if a transferee is not an individual, a trust or an estate, and the

4.2.125 “Transfer Date” shall have the meaning set forth in Section 5.4(i).

4.2.126 “TV Debentures” shall mean the 1.5% convertible debentures due 2025 initially issued to Televisa pursuant to the Investment Agreement.

4.2.127 “TV Warrants” shall mean the Corporation warrants exercisable for shares of Class A Common Stock, Class C Common Stock and/or Class D Common Stock, as applicable, issuable under certain circumstances pursuant to the TV Debentures and the Transaction Agreements.

4.2.128 “Units” shall have the meaning set forth in the BMPS1 LLC Agreement and BMPS2 LLC Agreement, as applicable.

4.2.129 “Univision” shall mean Univision Communications Inc., successor in interest to Umbrella Acquisition, Inc., a Delaware corporation.

4.2.130 “Unrestricted Subsidiary” shall mean, as of any date, a subsidiary of the Corporation that is designated as an “Unrestricted Subsidiary” as of such date under the Credit Agreement, dated as of March 29, 2007, as amended June 19, 2009, and as amended and restated as of October 26, 2010, among Univision, Univision of Puerto Rico Inc., the lenders from time to time party thereto, Deutsche Bank AG New York Branch, as administrative agent and collateral agent and the other agents from time to time party thereto, as the same may be amended from time to time, provided that such subsidiary (assuming it was then in existence) could have been designated as an Unrestricted Subsidiary under the definition thereof and Section 5.11 of such Credit Agreement as in effect as of the Closing.

4.2.131 “Vested Shares” shall mean, with respect to any officer, director, employee or consultant of the Corporation or any of its subsidiaries at any time (other than any partner, principal, employee or Affiliate of a Principal Investor, which, as of the Closing, includes the Chairman of the Board of the Corporation), any options, restricted stock or other awards under the Equity Incentive Plans or any other equity incentive plan or pursuant to any employment or consulting agreement that are held by such person which are not subject to vesting requirements or other time of service or performance based conditions to ownership at such time.

4.2.132 “Voting Stock” shall mean shares of Class A Common Stock and Class C Common Stock.

4.3. Shares Identical. Except as otherwise provided in this Section 4, all shares of Common Stock shall be identical in all respects and shall entitle the holders thereof to the same powers, preferences, rights and privileges and shall be subject to the same qualifications, limitations and restrictions.

4.4. Voting Rights. Subject to the powers, preferences, rights and privileges of any class of stock (or any series thereof) having any preference or priority over, or rights superior to, the Common Stock that the Corporation may hereafter authorize and issue, except as otherwise provided in this Section 4 or required by applicable law, the holders of Class A Common Stock and Class C Common Stock shall have and possess all voting powers and voting rights and other rights pertaining to the stock of the Corporation and shall vote together as a single class, with each share entitled to one vote. Except as required by applicable law, holders of Class B Common Stock and Class D Common Stock, in their capacity as such, shall not have or possess any voting power or voting rights.

4.4.1 Notwithstanding the provisions of Section 242(b)(2) of the DGCL or anything to the contrary in this Section 4, but subject to any applicable provision of Section 4.4.2, the number of authorized shares of any class or classes of capital stock of the Corporation may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of a majority of the Class A Common stock and Class C Common Stock, voting together as a single class, without a separate class vote of the affected class or classes or any other class.

4.4.2 In addition to any other vote, consent or approval right provided for in this Certificate of Incorporation or required by applicable law and subject to Televisa’s other approval rights set forth in the Principal Investor Agreement and the Stockholders Agreement:

(a) Any amendment, alteration, modification, waiver or repeal of any provision of this Certificate of Incorporation or the Bylaws of the Corporation (the “Bylaws”), whether by means of amendment, restatement, merger, consolidation or otherwise, shall require the affirmative vote or written consent of the Majority PITV Investors (or a majority of the outstanding shares of Class A Common Stock and Class C Common Stock, voting together as a single class, if there are no PITV Investor Groups remaining).

(b) Any amendment, alteration, modification, waiver or repeal of any provision of this Certificate of Incorporation, including any filing of a certificate of designation, or the Bylaws of the Corporation, whether by means of amendment, restatement, merger, consolidation or otherwise, that, by its terms, adversely affects the voting powers, preferences, or other rights or privileges, or restricts the rights, privileges, powers or immunities, of any class of Common Stock disproportionately to any other class of Common Stock shall require the affirmative vote or written consent of the holders of a majority of the outstanding shares of such affected class. For purposes of the foregoing provision, all classes of Common Stock that are affected in the same manner by any such amendment, alteration, modification, waiver or repeal of any provision shall be treated as a single class.

4.4.3 Notwithstanding anything to the contrary contained herein, the Corporation shall not, and shall cause its subsidiaries not to, take any of the following actions without the affirmative vote or prior written approval of the Televisa Investors holding a majority of the Common Stock held by the Televisa Investors at such time:

(a) Amendments to Charters or Bylaws. Amend, alter or repeal any provision of the Certificate of Incorporation or Bylaws of the Corporation or any of its subsidiaries, whether by means of amendment, restatement, merger, consolidation or otherwise, to the extent that such amendment, alteration or repeal would by its terms, Discriminate against the Televisa Investors as compared to (i) the Principal Investors, prior to a Principal Investor Sell-Down, (ii) the public stockholders of the Corporation, following a Principal Investor Sell-Down if there are public stockholders, or (iii) a Purchaser of Control, following a Change of Control.

(b) Leverage. Create, incur, issue or assume (including through a merger, acquisition or otherwise) (i) any Indebtedness (but in the case of creating, incurring, issuing or assuming Refinancing Indebtedness, without double counting for the Indebtedness being refinanced) that results in the Corporation and its consolidated subsidiaries having any Indebtedness in an aggregate principal amount in excess of the greater of (a) the Specified Debt Level and (b) an amount that, after giving pro forma effect thereto (including a pro forma application of the net proceeds therefrom), as if such Indebtedness had been incurred and the application of proceeds therefrom had occurred at the beginning of the most recently ended four fiscal quarters for which financial statements are available that comply with GAAP, would result in the Corporation’s Consolidated Leverage Ratio at the date of such incurrence exceeding nine and one half (9.5) to one (1) (9.5:1); provided that Univision and its consolidated subsidiaries may create, incur, issue or assume an additional principal amount of Indebtedness not to exceed $1 billion, which amount may be used for general corporate purposes in the ordinary course of business, including for the payment of interest, but such amount may not be used for (v) acquisitions of all or

(c) Changes to Terms of Shares. Any change to the terms of the Shares (i) held by the Televisa Investors and not by any Principal Investor, if such change is adverse to any of the Televisa Investors, or (ii) held by Televisa Investors and a material amount of which is held by the Principal Investors or held solely by Persons other than Televisa, if the result of such change would Discriminate against Televisa as compared to (x) the Principal Investors prior to a Principal Investor Sell-Down, (y) the public stockholders following a Principal Investor Sell-Down if there are public stockholders, or (z) a Purchaser of Control following a Change of Control.

(d) Changes in Core Business. Fundamentally change the business of the Corporation and its subsidiaries to a core business other than Spanish-language media and related businesses, which includes but is not limited to television broadcast networks, radio broadcast networks, ownership and operation of television and radio stations (including, for the avoidance of doubt, English-language networks and stations so long as such networks or stations are not the core business), Internet portals and distribution of programming and other media via the internet and other forms of mass-market or specialized channels of communication for popular consumption that develop over time.

(e) Related Party Transactions. Enter into, modify or amend, extend, or waive any rights under, (i) any agreement, arrangement or transaction between the Corporation or any of its subsidiaries, on the one hand, and a Related Party, on the other hand, on terms (including pricing terms) and conditions which are less favorable (in the aggregate for each such agreement, arrangement or transaction) to the Corporation or its subsidiaries than could be obtained from a Person who is not an Affiliate of the Corporation or of any Related Party dealing on an arm’s length basis (but not including (x) the Saban Arrangements as in effect on the date hereof (without giving effect to any future amendments) or (y) any employment, compensation or other incentive arrangements with the employees of the Corporation or its subsidiaries (other than any partner, principal, employee or Affiliate of a Principal Investor, which, as of the Closing, includes the Chairman)), regardless of whether they are approved by the Related Party Transactions Committee of which a director designated by the Televisa Investors is a member, or (ii) any agreement, arrangement or transaction between the Corporation or any of its subsidiaries, on the one hand, and a Related Party, on the other hand, relating to the licensing, acquisition or provision of programming to the Corporation or its subsidiaries; provided, that the approval of the Televisa Investors shall not be required pursuant to this Section 4.4.3(e) to the extent such agreement, arrangement or transaction is entered into in order to effectuate the transfer of Shares pursuant to a Compliant Change of Control Transaction.

(f) Bankruptcy, etc. Commence a voluntary case under the U.S. Bankruptcy Code or any applicable bankruptcy, insolvency or other similar law now or hereafter in effect; consent to the entry of an order for relief in an involuntary case, or the conversion of an involuntary case to a voluntary case, under any such law; consent to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; make a general assignment for the benefit of creditors; or adopt a plan of complete or partial liquidation or dissolution.

(g) Management Incentive Plan. Any issuance of Shares or Convertible Securities to officers, employees, directors or consultants of the Corporation or its subsidiaries or other Persons in connection with such Person’s employment, directorship or consulting arrangements with or other provisions of services to the Corporation or any of its subsidiaries in excess of the applicable Equity Pool Cap or with an exercise or conversion price per share or unit of the underlying security that is less than the Fair Market Value of a share or unit of such security at the time of issuance.

(h) Transfer to a Restricted Person. Issue any Shares to a Restricted Person or issue any Shares in connection with any Transfer of any Shares by a member of the Principal Investor Group to a Restricted Person, other than any Transfer described in Section 3.3.4 of the Stockholders Agreement.

(i) Certain Dividends and Distributions. Issue or pay any dividends or distributions in any form other than pro rata dividends and pro rata distributions, in each case, in the form of common stock of the Corporation that is not Class C Common Stock or Class D Common Stock and other than any dividends or distributions paid by Restricted Subsidiaries of Univision solely to Univision or other Restricted Subsidiaries of Univision; provided, that the Corporation may issue or pay any such dividends or distributions (but in any case not dividends or distributions of preferred stock or common stock that is Class C Common Stock or Class D Common Stock) without the consent of the Televisa Investors if (i) the Televisa Investors receive their pro rata share of such dividend or distribution on all of their Shares (on an as-exercised and as-converted basis, but without requiring the Televisa Investors to exercise or convert any Convertible Securities) and in the same form of consideration and at the same time as received by the other holders of Shares, (ii) the Board concludes in good faith that the actions taken pursuant to the foregoing clause (i) are consistent with applicable Laws and (iii) the Consolidated Leverage Ratio after giving effect to such dividend or distribution does not exceed 8.5:1; provided, further, that clause (iii) shall terminate if, at any time following a Qualified Public Offering, the Consolidated Leverage Ratio is less than 7:1 (after giving effect to the proceeds of such offering).

(j) Spin-offs; Split-offs; etc. Enter into any spin-off, split-off, exchange transaction or similar transaction involving a subsidiary or business of the Corporation, in each case, a result of which is the issuance or redemption of capital stock of the Corporation or its subsidiaries (a “Spin-Off Transaction”); provided, that the Corporation may enter into any such Spin-Off Transaction without the consent of the Televisa Investors if (i) the Televisa Investors receive at the same time as other holders of Shares with respect to all of their Shares (on an as-exercised and as-converted basis, but without requiring the Televisa Investors to exercise or convert any Convertible Securities) their pro rata amount of the distribution pursuant to such Spin-Off Transaction in the form of securities of the entity or business that is the subject of such Spin-Off Transaction, which securities shall provide the holder thereof with the rights (including liquidation preference) and obligations equivalent to the rights and obligations associated with the Shares held by Televisa as of the date of such Spin-Off Transaction (and in the same proportion to the securities as the securities of the Corporation that Televisa then holds) (the “Spin-Off Securities”), (ii) the Board concludes in good faith that the actions taken pursuant to the foregoing clause (i) are consistent with applicable Laws, (iii) the Principal Investors and the issuer of the Spin-Off Securities agree to enter into a shareholders agreement or other similar arrangements with Televisa that provides Televisa, the Principal Investors and such issuer with equivalent rights and obligations with respect to the entity or business that is the subject of such Spin-Off Transaction, including an equitable allocation of the TV Debentures between the Corporation and the entity that is the subject of such Spin-Off Transaction based upon their relative values, after giving effect to such Spin-Off Transaction, and (iv)(A) in the event that the Consolidated Leverage Ratio immediately prior to such Spin-Off Transaction is less than 8.5:1, the Corporation’s Consolidated Leverage Ratio will not exceed 8.5:1 after giving effect to such Spin-Off Transaction or (B) in the event that the Consolidated Leverage Ratio immediately prior to such Spin-Off Transaction is 8.5:1 or greater, the Corporation’s Consolidated Leverage Ratio will not increase after giving effect to such Spin-Off Transaction; provided, further, that clause (iv) shall terminate if, at any time following a Qualified Public Offering, the Consolidated Leverage Ratio is less than 7:1 (after giving effect to the proceeds of such offering).

(k) Stock Repurchases. Enter into or effect any transaction or series of related transactions involving the direct or indirect repurchase, redemption or other acquisition of securities from any stockholder (other than any repurchase by Univision or any of its wholly-owned subsidiaries of securities of wholly-owned subsidiaries of Univision); provided, that the Corporation may enter into any such repurchase transaction if (i) the Corporation offers to repurchase from the Televisa Investors securities held by the Televisa Investors in the same pro rata portion (calculated on an as-converted and as-exercised basis, but without requiring the Televisa Investors to exercise or convert any Convertible Securities) of the securities redeemed, repurchased or otherwise acquired pursuant to such repurchase transaction at the same per share value and in exchange for the same form of consideration and at the same time as the other holders of Shares, plus, in the case of any TV Debentures or Shares into which such TV Debentures are convertible which are included in such redemption, repurchase or other acquisition, the sum of the present value on the date of such redemption, repurchase or other acquisition of all required interest payments that otherwise would have been due on such TV Debentures through the Maturity Date (as defined in the terms of the TV Debentures), in each case computed using a discount rate equal to the Treasury Rate (as defined in the terms of the TV Debentures) as of such date with respect to each such interest payment, unless the Corporation, at its election, instead enters into an agreement with such Televisa Investors which obligates the Company to continue to pay amounts which are equal to the amounts of interest payments that otherwise would be required in respect of such TV Debentures from the date of redemption, repurchase or other acquisition to the Maturity Date (as defined in the terms of the TV Debentures); provided, that this subclause (i) shall not apply to repurchases from employees of the Corporation or its subsidiaries (other than any partner, principal, employee or Affiliate of a Principal Investor, which, as of the Closing, includes the Chairman) under the terms of incentive plans or other employment arrangements, (ii) the Board concludes in good faith that the actions taken pursuant to the foregoing clause (i) are consistent with applicable Law and (iii) the Consolidated Leverage Ratio after giving effect to such repurchase does not exceed 8.5:1 provided, further, that clause (iii) shall terminate if, at any time following a Qualified Public Offering, the Corporation’s Consolidated Leverage Ratio is less than 7:1 (after giving effect to the proceeds of such offering).

(l) Period. Except as otherwise provided, the rights granted to the Televisa Investors pursuant to this Section 4.4.3 shall expire upon a Televisa Sell-Down; provided, however, that (i) the Televisa Investors’ rights granted pursuant to Sections 4.4.3(a) (Amendments to Charters or Bylaws), and 4.4.3(c) (Change to Terms of Shares) will survive so long as Televisa Investors hold any Shares, (ii) the Televisa Investors’ rights pursuant to Sections 4.4.3(i) (Certain Dividends and Distributions), 4.4.3(j) (Spin-Offs, Split-Offs, etc.) and 4.4.3(k) (Stock Repurchases) will survive so long as Televisa Investors hold any Shares that are not Common Stock, and (iii) the Televisa Investors’ rights pursuant to Section 4.4.3(b)(ii) will survive in accordance with its terms. For the avoidance of doubt, the provisions of this Section 4.4.3 shall survive, in accordance with their terms, any Public Offering or Change of Control. Notwithstanding the foregoing, in no event shall (x) there be any separate class vote with respect to any class of Common Stock in connection with the approval of a Compliant Change of Control Transaction, or (y) except as expressly provided in this Section 4.4 and only to the extent applicable, the separate approval of the Televisa Investors in their capacity as stockholders of the Corporation be required in connection with any agreement, arrangement or transaction that is entered into to effectuate the transfer of Shares pursuant to a Compliant Change of Control Transaction.

4.5. Directors. The number of directors constituting the Board shall be twenty (20) or such other number as shall be fixed from time to time in the manner provided in the Bylaws of the Corporation or as required by the Principal Investor Agreement. Any increase or decrease in the number of directors constituting the Board which is not made in compliance with this Certificate of Incorporation, the Bylaws of the Corporation and the Principal Investor Agreement shall be an ultra vires act and shall be void. The holders of record of the outstanding shares of Voting Stock shall at all times be entitled to elect all of the directors constituting the Board.

4.6. Dividends; Distributions. Subject to the powers, preferences, rights and privileges of any class of stock (or any series thereof) having any preference or priority over, or rights superior to, the Common Stock that the Corporation may hereafter become authorized to issue and subject to Sections 4.4.3 and 4.10, all holders of the shares of Common Stock, as a single class, shall be entitled to receive all dividends and distributions pro rata based on the number of outstanding shares of Common Stock held by each such holder.

4.7. Stock Splits, Reverse Stock Splits and Stock Dividends. The Corporation shall not in any manner subdivide or increase the number of (by stock split, reverse stock split, stock dividend or other similar manner), or combine in any manner, the outstanding shares of any one class of Common Stock unless a proportional adjustment is made concurrently to the other classes of Common Stock.

4.8. Conversion of Common Stock.

4.8.1 Optional Conversion of Class A Common Stock and Class B Common Stock. Each outstanding share of Class A Common Stock may, at the option of the holder thereof, be converted at any time into one share of Class B Common Stock, and subject to Section 5 below, each outstanding share of Class B Common Stock may, at the option of the holder thereof, be converted into one share of Class A Common Stock. Conversion of any share of Class A Common Stock or Class B Common Stock, as applicable, shall be effected by the holder delivering written notice to the Corporation stating its intent to convert such share into the applicable class of Common Stock into which it is to be converted, together with the certificate evidencing such share to the Corporation at its principal place of business duly endorsed for Transfer. The Corporation shall promptly thereafter issue and send to such holder a new certificate, registered in the name of such holder, evidencing the applicable class of Common Stock into which such share has been converted. Notwithstanding the foregoing, if the certificate evidencing the share(s) to be converted are not delivered to the Corporation at its principal place of business, the conversion shall nonetheless be deemed to have occurred and until so delivered, such certificate shall represent solely the right to receive the applicable shares of the applicable class of Common Stock into which such share has been converted under this Section 4.8.1.

4.8.2 Optional Conversion of Class C Common Stock and Class D Common Stock. Each outstanding share of Class C Common Stock may, at the option of the holder thereof, be converted at any time into one share of Class D Common Stock, and subject to Section 5 below, and, in the case of any Televisa Investor, Section 5.1.1(i) of the Stockholders Agreement, each outstanding share of Class D Common Stock may, at the option of the holder thereof, be converted into one share of Class C Common Stock. In connection with a Transfer by any Televisa Investor (other than to a Televisa Investor or a Permitted Transferee of a Televisa Investor) of any shares of Class C Common Stock or Class D Common Stock, such Televisa Investor (or the Transferee thereof) may, at its option convert each share of Class C Common Stock into one share of Class A Common Stock and each share of Class D Common Stock into one share of Class A Common Stock, subject to Section 5.1.1 of the Stockholders Agreement. Conversion of any share of any such Common Stock shall be effected by the holder delivering written notice to the Corporation stating its intent to convert such share into the applicable class of Common Stock into which it is to be converted, together with the certificate evidencing such share to the Corporation at its principal place of business duly endorsed for Transfer. The Corporation shall promptly thereafter issue and send to such holder a new certificate, registered in the name of such holder, evidencing the applicable class of Common Stock into which such share has been converted. Notwithstanding the foregoing, if the certificate evidencing the share(s) to be converted are not delivered to the Corporation at its principal place of business, the conversion shall nonetheless be deemed to have occurred and until so delivered, such certificate shall represent solely the right to receive the applicable shares of the applicable class of Common Stock into which such share has been converted under this Section 4.8.2.

4.8.3 Mandatory Conversion of Class A Common Stock and Class B Common Stock in Connection with the Exercise of Preferential and Participation Rights. Each outstanding share of Class A Common Stock and Class B Common Stock acquired by a Televisa Investor (or a bona fide trust arrangement satisfactory to the FCC or other third party to which Televisa has assigned its Preferential Rights or Shares in accordance with the Transaction Documents) shall automatically convert to one share of Class C Common Stock or, if such conversion to Class C Common Stock would cause the Equity Percentage (but without regard to clause (a) of the definition of Equity Percentage) to exceed the Maximum Equity Percentage, one share of Class D Common Stock, in each case, automatically without any further action on the part of the Corporation or the holder thereof upon the acquisition of any Shares of Class A Common Stock or Class B Common Stock, as applicable, by Televisa pursuant to Televisa’s exercise of the Preferential Rights or its participation rights under the Participation, Registration Rights and Coordination Agreement. Upon surrender of certificate(s) representing such shares of Class A Common Stock and/or Class B Common Stock to the Corporation, the Corporation shall promptly issue and deliver to the Televisa Investor a new certificate, registered in the name of the Televisa Investor (or such bona fide trust arrangement satisfactory to the FCC or such other third party), evidencing the applicable class of Common Stock into which such share has been converted. Until so surrendered and exchanged, each such certificate shall represent solely the right to receive the applicable shares of the applicable class of Common Stock into which such share has been converted under this Section 4.8.3.

4.8.4 Mandatory Conversion of Class C Common Stock and Class D Common Stock. (a) Each outstanding share of Class C Common Stock shall automatically convert to one share of Class A Common Stock, and each outstanding share of Class D Common Stock shall automatically convert into one share of Class A Common Stock, in each case, automatically without any further action on the part of the Corporation or the holder thereof and effective immediately upon any Transfer of such share of Class C Common Stock or Class D Common Stock, as applicable, to any Person that is not a Televisa Investor (and is not a bona fide trust arrangement satisfactory to the FCC or other third party to which Televisa has assigned its Preferential Rights or Shares in accordance with the Transaction Documents), solely with respect to the Shares so Transferred (such event, a “Mandatory Conversion Event”). (b) Each outstanding share of Class C Common Stock shall automatically convert to one share of Class D Common Stock without any further action on the part of the Corporation or the holder thereof and effective immediately upon any event that would cause the Equity Percentage (but without regard to clause (a) of the definition of Equity Percentage) to exceed the Maximum Equity Percentage, including as contemplated by Section 8.3(d) of the Investment Agreement or Section 6.4 of the Principal Investor Agreement. (c) In the case of a conversion contemplated by clause (a) or (b) above or Section 4.8.5, the Corporation shall, promptly after receiving the certificate representing the applicable shares of Class C Common Stock or Class D Common Stock subject to the conversion, issue and send to such holder a new certificate, registered in the name of such holder, evidencing the applicable class of Common Stock into which such share has been converted. Until so surrendered and exchanged, each such certificate shall represent solely the right to receive the applicable shares of the applicable class of Common Stock into which such share has been converted under this Section 4.8.4.

4.8.5 Mandatory Conversion of Class A Common Stock and Class B Common Stock in Connection with a Compliant Change of Control Transaction. Each outstanding share of Class A Common Stock that is held by a Televisa Investor shall automatically convert to one share of Class C Common Stock, and each outstanding share of Class B Common Stock that is held by a Televisa Investor shall automatically convert to one share of Class D Common Stock, in each case, automatically and without any further action on the part of the Corporation or such Televisa Investor effective as of the day prior to the record date for the stockholder vote in respect of a Compliant Change of Control Transaction that is structured as a merger and with respect to which such Televisa Investor does not exercise its tag-along rights set forth in Section 4.8 of the Stockholders Agreement (it being understood that such automatic conversion shall not apply to any shares of Class A Common Stock or Class B Common Stock with respect to which Televisa has exercised such tag-along rights) (or, if there is no record date, then such conversion shall be effective immediately prior to the effectiveness of such Compliant Change of Control Transaction). Thereafter, the rights of the Televisa Investors to convert shares of Class C Common Stock and shares of Class D Common Stock into shares of Class A Common Stock and/or shares of Class B Common Stock shall apply (a) immediately with respect to any shares that Televisa may Transfer to Persons other than Televisa Investors in accordance with the other Transaction Agreements and (b) otherwise following the consummation of such Compliant Change of Control Transaction or the termination of the agreement providing for such Compliant Change of Control Transaction.

4.9. Effect of Conversion. From and after the time of conversion of any share of Common Stock, the rights of the holder thereof as such shall cease with respect to such share, but for the sake of clarity, not with respect to the share(s) into which it was converted.

4.10. Liquidation Preference. In the event of voluntary or involuntary liquidation, dissolution or winding up of the Corporation (which terms, for the avoidance of doubt, exclude any public offering, Change of Control or merger, consolidation or similar business combination in which the Corporation is a constituent party or a subsidiary of the Corporation is a constituent party and the Corporation issues shares of its capital stock pursuant to such merger, consolidation or other business combination or the sale, lease, transfer, exclusive license or other disposition, in a single transaction or series of related transactions, by the Corporation or any subsidiary of the Corporation of all or substantially all the assets of the Corporation and its subsidiaries taken as a whole, or the sale or disposition (whether by merger or otherwise) of one or more subsidiaries of the Corporation if substantially all of the assets of the Corporation and its subsidiaries taken as a whole are held by such subsidiary or subsidiaries, in each case unless such transaction is intended to effect or further a liquidation, dissolution or winding up) occurring prior to a Qualified Public Offering or a Compliant Change of Control Transaction (whether or not to a Purchaser of Control) (any such event, a “Liquidation Event”), each holder of shares of Class C Common Stock and Class D Common Stock shall, upon such Liquidation Event, be entitled to receive out of the assets of the Corporation legally available for distribution to the stockholders (the “Proceeds”), prior to and in preference to any distribution made on the Class A Common Stock, Class B Common Stock or any other stock ranking junior to the Class C Common Stock and Class D Common Stock, an amount per share equal to the sum of (i) (x) the aggregate amount paid at Closing by the Televisa Investors for shares of Class C Common Stock, Class D Common Stock and any Convertible Securities convertible into such shares issued, in each case, under the Investment Agreement plus the aggregate amount paid by the Televisa Investors to the Corporation and other holders of Shares for the Additional Equity Amount pursuant to the exercise of Preferential Rights (as such term is defined in the Stockholders Agreement) or the participation rights set forth in Section 2.1.2 of the Participation, Registration Rights and Coordination Agreement (as adjusted for any stock splits, stock dividends, reverse stock splits, stock combinations, recapitalizations and other similar capitalization changes) divided by (y) the aggregate number of such shares of Class C Common Stock, Class D Common Stock and shares of Common Stock underlying Convertible Securities which shares of Common Stock and Convertible Securities were actually acquired by the Televisa Investors as referred to in clause (x) (as adjusted for any stock splits, stock dividends, reverse stock splits, stock combinations, recapitalizations and other similar capitalization changes), plus (ii) any declared but unpaid dividends on such shares of Class C Common Stock or Class D Common Stock, as applicable (such sum, the “Televisa Liquidation Preference Amount”). If, upon the occurrence of such Liquidation Event, the Proceeds distributed to the holders of the Class C Common Stock and Class D Common Stock are insufficient to permit the payment to such holders of the full Televisa

4.11. Replacement. Upon receipt of an affidavit of the registered owner of one or more shares of any class of Common Stock (or such other evidence as may be reasonably satisfactory to the Corporation) with respect to the ownership and the loss, theft, destruction or mutilation of any certificate evidencing such shares of Common Stock, and in the case of any such loss, theft or destruction, upon receipt of indemnity reasonably satisfactory to the Corporation (if the Board, acting in good faith, deems such indemnification to be necessary or advisable), or, in the case of any such mutilation upon surrender of such certificate, the Corporation shall execute and deliver in lieu of such certificate a new certificate of like kind representing the number of shares of such class represented by such lost, stolen, destroyed or mutilated certificate and dated the date of such lost, stolen, destroyed or mutilated certificate.

4.12. Notices. All notices referred to herein shall be in writing, shall be delivered personally or by first class mail, postage prepaid, and shall be deemed to have been given when so delivered or mailed to the Corporation at its principal executive offices and to any stockholder at such holder’s address as it appears in the stock records of the Corporation (unless otherwise specified in a written notice to the Corporation by such holder).

5. Stock Ownership and the Federal Communications Laws.

5.1. Restrictions on Stock Ownership and Transfer. Except as otherwise set forth in Section 5.3, the Corporation may restrict the ownership, or proposed ownership, of Company Securities of the Corporation by any Restricted Public Shareholder or other Person (other than any Televisa Investor or any Principal Investor and their Permitted Transferees, or a Purchaser of Control) if such ownership or proposed ownership (a) is or could be inconsistent with, or in violation of, any provision of the Federal Communications Laws, (b) limits or impairs or could limit or impair any business activities or proposed business activities of the Corporation under the Federal Communications Laws or (c) subjects or could subject the Corporation

5.2. Requests for Information. If the Corporation believes that the ownership or proposed ownership of Company Securities of the Corporation by any Person (other than a Televisa Investor) may result in an FCC Regulatory Limitation, such Person shall furnish promptly to the Corporation such information (including, without limitation, information with respect to citizenship, other ownership interests and affiliations) as the Corporation shall request.

5.3. Denial of Rights, Refusal to Transfer. At any time following the Initial Public Offering, if (a) any Person from whom information is requested pursuant to Section 5.2 does not provide all the information requested by the Corporation, or (b) the Corporation shall conclude in its sole discretion that a Person’s ownership or proposed ownership of, or that a Person’s exercise of any rights of ownership with respect to Company Securities of the Corporation, results or could result in an FCC Regulatory Limitation, then, in the case of either clause (a) or clause (b), the Corporation may (i) refuse to permit the Transfer of Company Securities of the Corporation to such Person, (ii) suspend those rights of stock or equity ownership the exercise of which causes or could cause such FCC Regulatory Limitation, (iii) require the conversion of any or all shares of Voting Stock held by such Person into an equal number of shares of the corresponding class of Non-Voting Stock, (iv) redeem Company Securities of the Corporation held by such Person, (v) sell the Company Securities of the Corporation held by such Person to an FCC-qualified holder or (vi) Transfer the Company Securities of the Corporation held by such Person to an FCC-Approved Trust, in each case, in accordance with the terms and conditions set forth in Section 5.4, and/or (vii) exercise any and all appropriate remedies, at law or in equity, in any court of competent jurisdiction, against any such Person, with a view towards obtaining such information or preventing or curing any situation which causes or could cause an FCC Regulatory Limitation; provided, that this Section 5.3 shall not apply to any Principal Investor or any Company Securities they hold without the consent of the Majority Principal Investors, and, in the event such consent is granted, clauses (iv), (v), (vi) and (vii) shall apply to each Principal Investor on a pro rata basis; and provided further, that this Section 5.3 shall not apply to any Televisa Investors or any Company Securities they hold. Any refusal of Transfer or suspension of rights pursuant to clauses (i) and (ii) respectively, of the immediately preceding sentence shall remain in effect until the requested information has been received and the Corporation has determined in its sole discretion that such Transfer, or the exercise of such suspended rights, as the case may be, will not result in an FCC Regulatory Limitation.

5.4. The terms and conditions of any redemption effected pursuant to clause (iv) of Section 5.3, any sale to a U.S. citizen effected pursuant to clause (v) of Section 5.3 and any Transfer to an FCC-Approved Trust effected pursuant to clause (vi) of Section 5.3 shall be as follows:

For purposes of this Section 5.4:

6. The business and affairs of the Corporation shall be managed by or under the direction of the Board. The election of directors need not be by ballot unless the Bylaws shall so require.

7. Subject to the Transaction Agreements, in furtherance and not in limitation of the power conferred upon the Board by law, the Board shall have power to make, adopt, alter, amend and repeal from time to time Bylaws, subject to the right of the stockholders entitled to vote with respect thereto to alter and repeal Bylaws made by the Board.

8. A director of the Corporation shall not be liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except to the extent that exculpation from liability is not permitted under the DGCL as in effect from time to time. No amendment or repeal of this Section 8 shall apply to or have any effect on the liability or alleged liability of any director of the Corporation for or with respect to any acts or omissions of such director occurring prior to such amendment or repeal.

9. To the maximum extent permitted from time to time under the law of the State of Delaware, the Corporation renounces any interest or expectancy of the Corporation in, or in being offered an opportunity to participate in, business opportunities that are from time to time presented to its officers, directors or stockholders or the Affiliates of the foregoing, other than those officers, directors, stockholders or Affiliates who are employees of the Corporation or its direct or indirect subsidiaries. No amendment or repeal of this Section 9 shall apply (a) to or have any effect on the liability or alleged liability of any such officer, director, stockholder or Affiliate for or with respect to any business opportunities of which such officer, director, stockholder or Affiliate becomes aware prior to such amendment or repeal or (b) be adverse to any Televisa Investor or its Affiliates or director designee(s) without Televisa’s prior written consent.

10. The Corporation shall, to the maximum extent permitted from time to time under the law of the State of Delaware, indemnify and upon request shall advance expenses to any person who is or was a party or is threatened to be made a party to any threatened, pending or completed action, suit, proceeding or claim, whether civil, criminal, administrative or investigative, by reason of the fact that such person is or was or has agreed to be a director or officer of the Corporation or while a director or officer is or was serving at the request of the Corporation as a director, officer, partner, member, trustee, employee or agent of any corporation, partnership, joint venture, trust or other enterprise, including, without limitation, service with respect to employee benefit plans, against expenses (including, without limitation, attorney’s fees and expenses), judgments, fines, penalties and amounts paid in settlement incurred in connection with the investigation, preparation to defend or defense of such action, suit, proceeding or claim; provided, however, that the foregoing shall not require the Corporation to indemnify or advance expenses to any person in connection with any action, suit, proceeding, claim or counterclaim initiated by or on behalf of such person. Such indemnification and advancement of expenses shall not be exclusive of other indemnification rights arising as a matter of law, under any Bylaw, agreement, vote of directors or stockholders or otherwise, both as to action in such person’s official capacity and as to action in another capacity while holding such office, and shall inure to the benefit of the heirs and legal representatives of such person. Any person seeking indemnification under this Section 10 shall be deemed to have met the standard of conduct required for such indemnification unless the contrary shall be established. Any repeal or modification of the foregoing provisions of this Section 10 shall not adversely affect any right or protection of a director or officer of the Corporation with respect to any acts or omissions of such director or officer occurring prior to such repeal or modification.

The Corporation shall have the power to purchase and maintain, at its expense, insurance on behalf of any person who is or was a director, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against any expense, liability or loss asserted against such Person and incurred by such Person in any such capacity, or arising out of such Person’s status as such, whether or not the Corporation would have the power to indemnify such person against such expense, liability or loss under the DGCL or the terms of this Certificate of Incorporation.

11. The books of the Corporation may (subject to any statutory requirements) be kept outside the State of Delaware as may be designated by the Board or in the Bylaws.

12. If at any time the Corporation shall have a class of stock registered pursuant to the provisions of the Exchange Act, for so long as such class is so registered, any action by the stockholders of such class must be taken at an annual or special meeting of stockholders and may not be taken by written consent.

13. The Corporation shall not be governed by Section 203 of the DGCL.

14. Subject to Section 4.3 and the Transaction Agreements, the Corporation reserves the right to amend, alter, change or repeal any provision contained in the Certificate of Incorporation in the manner now or hereafter prescribed by statute, and, except as specified in this Certificate of Incorporation, all rights and powers conferred upon stockholders, directors and officers herein are granted subject to this reservation.

15. The provisions of this Certificate of Incorporation do not derogate any of the rights and obligations of any parties contained in any other Transaction Agreement.

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IN WITNESS WHEREOF, this Amended and Restated Certificate of Incorporation has been executed by a duly authorized officer of this corporation on this 20th day of December, 2010.

SIGNATURE PAGE TO BROADCASTING MEDIA PARTNERS, INC AMENDED AND RESTATED
CERTIFICATE OF INCORPORATION