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BUSINESS
February 25, 2006 | From Times Staff and Wire Reports
Mexico City-based Grupo Televisa, the world's largest Spanish-language broadcaster, said it was deciding whether to make a bid for Univision Communications Inc. "I guess we are in the early stages of analyzing the different scenarios to determine whether it makes sense or not for us," Televisa Executive Vice President Alfonso de Angoitia said in a conference call with analysts.
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BUSINESS
September 19, 1998 | Associated Press
Grupo Televisa, Mexico's largest TV network, plans to slash about 4,000 jobs, or 20% of its work force, by the end of September as part of a yearlong cost-cutting effort. The cuts, which will leave Televisa with about 17,000 employees, aim to achieve $60 million in annual cost reductions, executives said. That would add to $25 million in annual savings from layoffs during the first six months of the year. The latest cuts span all departments and seniority levels.
BUSINESS
September 19, 2006 | Meg James
Grupo Televisa said it would not attempt to put together an 11th-hour bid to buy Univision Communications Inc., clearing the way for a Sept. 27 vote by shareholders on whether to sell the company for $12.3 billion to a consortium of private investors. Mexico City-based Televisa, which owns 11% of Univision, in June lost out in the bidding for the largest Spanish-language media company in the U.S. Univision is based in Century City. Shareholders are being asked to approve the $36.
BUSINESS
April 29, 2008 | Meg James, Times Staff Writer
A federal judge agreed Monday to delay a much-anticipated trial that would pit one giant of Spanish-language television, Mexico's Grupo Televisa, against another, Univision Communications Inc. Televisa sued Univision three years ago, alleging breach of contract and unpaid royalties. The Mexico City-based company has been seeking to terminate its long-term programming agreement with Univision, the dominant Spanish-language media company in the U.S.
BUSINESS
July 26, 2005 | From Reuters
Billionaire Carlos Slim and leading broadcaster Televisa are joining forces in a new low-cost airline as the government sells off Mexico's largest carriers and opens the industry to competition. Slim's investment unit, Sinca Inbursa, and Televisa said Monday they would each take a 25% stake in Vuela, the new airline. The other partners are El Salvador-based airline Grupo Taca and investment fund Discovery Americas I, in which former Mexican Finance Minister Pedro Aspe plays a leading role.
BUSINESS
October 5, 2010
Mexico's Grupo Televisa SAB said Tuesday it will invest $1.2 billion in New York-based Univision Communications in exchange for a minority stake, expanding cooperation between the Spanish-language media heavyweights. The deal brings an end to long-standing legal disputes between the companies, recently over privately held Univision's rights to distribute Televisa's programs online and to phones. It also helps Televisa strengthen its foothold in the U.S., an important market as the company works to widen its reach beyond Mexico.
BUSINESS
July 18, 2009 | Meg James
A federal judge in Los Angeles on Friday handed Univision Communications a major victory in its hard-fought battle with its programming partner from Mexico, underscoring Univision's exclusive rights in the U.S. to the wildly popular Spanish-language soap operas that fuel its huge ratings. Grupo Televisa, Mexico's largest entertainment company, had sought the judge's permission to transmit to U.S.
BUSINESS
October 6, 2010 | By Meg James, Los Angeles Times
After years of acrimony, the hemisphere's two largest Spanish-language media companies have decided they need each other after all. Tuesday, Grupo Televisa of Mexico City said that it had provided Univision $1.2 billion in exchange for a 5% stake and notes that eventually could convert into an ownership interest of as much as 40% in the New York-based Latino media giant. Televisa also agreed to provide its highly popular telenovelas to Univision exclusively at least through 2020 ?
BUSINESS
March 10, 2006 | Meg James, Times Staff Writer
A consortium of investors including Rhode Island-based Providence Equity Partners Inc. and Mexico's largest television broadcaster, Grupo Televisa, is considering bidding for Spanish-language media giant Univision Communications Inc., a person close to the situation said Thursday. The effort is in the early stages, the person cautioned, and might not result in a bid. However, Televisa executives have long expressed interest in expanding the company's reach into the lucrative U.S. media market.
BUSINESS
May 17, 1997 | Bloomberg News
Mexico City-based Grupo Televisa said it received about $650 million in cash from the sale of its stake in PanAmSat Corp. to General Motors Corp.'s Hughes Electronics Corp. The Mexican broadcaster, which owned a 40.5% interest in PanAmSat, also will receive a 7.5% stake in the new PanAmSat company and the interest that PanAmSat held in Televisa's direct-to-home venture in the Americas and Spain. That stake is valued at about $225 million.
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