May 1, 2003 |
Univision Communications said Wednesday that it is buying two TV stations -- one near Sacramento, the nation's 15th-largest Latino market, and another in Raleigh, N.C. -- increasing the Los Angeles-based Spanish-language conglomerate's portfolio to 53 stations. Terms of the deals were not disclosed. Univision said it has agreed to buy KFTL Channel 64 in Stockton from Family Stations Inc.
March 8, 2008 |
Saying it had expected Univision Communications Inc. to gain more on the sale of its music division, ratings agency Standard & Poor's this week downgraded the corporate credit ratings of the Spanish-language media company to a B-minus from a B. Univision last week announced it had reached an agreement to sell its music division to Universal Music Group for $153 million, of which $113 million is due to Univision upon closing. That amount was "significantly lower than expected" and not enough to repay a $500-million bridge loan that matures in March 2009, S&P said.
November 17, 2009 |
Univision Communications and Google's YouTube have cut a deal to put much of the Spanish broadcaster's content on the video website. The network's most popular prime-time shows, the over-the-top telenovelas produced by Mexico's media colossus, Grupo Televisa, will not be included on the YouTube channel. Shows that will be available include "El Gordo y la Flaca" ("The Scoop and the Skinny") and the morning news show "Despierta America." Kevin Conroy, president of Univision Interactive Media, said that even without the Televisa shows, the Univision offerings would be significant.
February 28, 2009 |
Univision Communications Inc., the nation's largest Spanish-language broadcaster, on Friday became the latest media company to cut its ranks because of the weakening economy and a sharp downturn in advertising spending. A spokeswoman said the company, which owns the top-rated Los Angeles station, KMEX-TV Channel 34, had laid off 300 people, or 6% of its workers. It was unclear how many jobs would be lost locally.
August 20, 2012 |
Univision Communications Inc. has tapped the head of the CBS News Investigative Unit to oversee the Spanish broadcaster's partnership with ABC News. Keith Summa, who had been with CBS News for five years, will serve as vice president of news partnerships for Univision. In that role, he will serve as Univision's point person with ABC News on the news network the two companies are planning on launching next year. Univision said Summa will "expand the culture of investigative and enterprise reporting in both organizations.
October 5, 2011 |
The nation's leading Spanish-language broadcaster will aggressively expand the breadth of its online entertainment offerings, making its popular telenovelas , variety shows and reality series available through Internet television distributor Hulu. The deal represents a milestone for Univision Communications Inc., the fifth-largest television network in the U.S., whose popular programming dominates the Latino market. For Hulu, owned by media giants News Corp., Walt Disney Co. and Comcast Corp., the partnership enables the online video service to reach a population of 50.5 million Latinos — a group coveted by advertisers.
January 7, 2013 |
With the Spanish-language television space heating up, industry leader Univision Communications Inc. is making an aggressive move to solidify its dominance. On Monday, the media company plans to rename its secondary broadcast network UniMas, which translates loosely as Univision Plus, underlining its ties to its hugely popular sister network Univision. The company also is locking up rights to programs from key Latin American producers to buffet gains from the flood of competitors charging the field.
December 10, 2012 |
Telemundo has long been like a remote Caribbean island, cut off from its sprawling media homeland. NBCUniversal acquired the Spanish-language television network a decade ago for $2 billion but became discouraged by its seemingly limited prospects. But Comcast Corp.'s takeover of NBCUniversal last year may be building Telemundo a bridge to the mainland. "Telemundo now has the full support of Comcast and NBCUniversal," said Emilio Romano, a former Mexican airline chief executive who was hired a year ago to run Telemundo.
March 23, 2011 |
Univision Communications Inc. announced several promotions Tuesday, including a new general manager for its flagship television stations in Los Angeles. Alberto Mier y Terán, 43, was named vice president and general manager for Univision's two highly ranked L.A. stations: KMEX-TV Channel 34, which carries Univision programming, and KFTR-TV Channel 46, which is its TeleFutura-branded station. A 10-year Univision veteran, Mier y Terán most recently worked as general manager of the company's two stations in Chicago.
February 9, 2006 |
After spending 13 years building a sleepy chain of television stations into a Spanish-language juggernaut, Los Angeles billionaire A. Jerrold Perenchio is looking for a way to say adios. Univision Communications Inc.'s board, led by Chief Executive Perenchio, said Wednesday that it voted to consider putting the company on the block.