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BUSINESS
February 24, 2005 | From Bloomberg News
Univision Communications Inc.'s second-biggest shareholder, Grupo Televisa, called on the company Wednesday to improve corporate governance after objecting to Univision's promotion of Ray Rodriguez to president two weeks ago. Grupo Televisa of Mexico opposed the decision by Univision Chairman A.
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BUSINESS
October 21, 2008 | From Times Wire Reports
Grupo Televisa, Mexico's largest broadcaster, agreed to distribute content from NBC Universal's Telemundo Group Inc. on wireless devices. Original content from Telemundo, which caters to Spanish-language viewers in the U.S., will be distributed through Televisa websites and mobile services, Televisa said. The agreement was the latest between the two broadcasters. In March, Televisa agreed to air Telemundo content on its broadcast and pay-TV services. Monday's announcement didn't include the agreement's specific financial terms.
BUSINESS
July 20, 2005 | From Associated Press
London-based music company EMI Group and Mexico's Grupo Televisa said they would form a record company in Mexico and a U.S. partnership that would give Televisa greater access to the U.S. market. The new record company, called Televisa EMI Music, will be formed Sept. 1 and develop and market music from Televisa's popular soap operas, including "Rebelde" and "Complices al Rescate." Both shows feature young stars who have launched successful singing careers.
BUSINESS
March 17, 2008 | Meg James, Times Staff Writer
NBC Universal's Spanish-language Telemundo television network and Mexican broadcasting powerhouse Grupo Televisa are expected to announce a programming sharing agreement today that could lead to a closer alliance between the two. Televisa would be allowed to run Telemundo programs on one of its broadcast networks in Mexico as well as a separate cable channel, according to people familiar with the deal. That would give NBC Universal an important distribution outlet for its programs and a potentially lucrative source of new revenue.
BUSINESS
December 21, 2007 | Meg James, Times Staff Writer
Grupo Televisa has won a court ruling that could allow the Mexican broadcasting giant to move closer to ending its tumultuous relationship with Univision Communications Inc., the largest Spanish-language media company in the United States. U.S. District Court Judge Philip S. Gutierrez in Los Angeles on Monday denied Univision's request to dismiss several claims made by Televisa in a 2-year-old lawsuit.
BUSINESS
June 19, 2008 | From Times Wire Services
Univision Communications Inc. said a trial over Grupo Televisa's lawsuit on program rights would be delayed until Oct. 14. A U.S. district court judge in Los Angeles postponed the trial, which had been scheduled to start July 1, New York-based Univision said.
BUSINESS
October 11, 2006 | From Reuters
Mexican broadcaster Grupo Televisa plans to sell its 11% stake in its U.S. partner Univision Communications Inc. after losing a bidding war for the Spanish-language network, Chairman Emilio Azcarraga said Tuesday. Televisa threw in the towel in mid-September in the battle for Univision, refusing to better a $12.3-billion offer from a group of private equity firms and media mogul Haim Saban. Televisa had offered about $12.1 billion.
BUSINESS
April 11, 2002 | From Reuters
Grupo Televisa, the world's No. 1 Spanish language media company, said Wednesday that it will expand a venture with Clear Channel Entertainment to tap the U.S. Latino market through the purchase of a stake in a producer of Latino events in the U.S. and the Caribbean. Under the deal, whose terms were not disclosed, Mexico City-based Televisa will buy the 50% of Cardenas-Fernandez & Associates Inc. that it doesn't already own.
BUSINESS
July 25, 2002 | Bloomberg News
Grupo Televisa, Mexico's largest broadcaster, said second-quarter profit soared nearly fivefold from a year earlier on higher advertising sales from airing World Cup soccer tournament games in June. The company reported net income of 1.19 billion pesos, up from 248 million pesos the year before. Some analysts had predicted profit would fall to 141 million pesos. Advertising sales in the April-June period soared 10% to 5.19 billion pesos from 4.71 billion pesos a year earlier.
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