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.
November 8, 2002 |
Univision Communications Inc. said Thursday that its third-quarter profit more than doubled because of stronger ad sales for its Spanish-language television networks, but the company also noted slower-than-expected growth in its music division and its newest TV network. Los Angeles-based Univision posted net income of $20.3 million, or 8 cents a share, for the quarter ended Sept. 30, up from $6.9 million, or 3 cents, a year earlier.
February 7, 2012 |
Walt Disney Co. and Univision Communications Inc., the nation's leading Spanish-language broadcaster, are in talks about launching an English-language cable news channel, according to a person familiar with the matter. A new 24-hour channel would represent a move by both companies to enter new territory. Disney's ABC News could compete for viewers with established round-the-clock cable news operations, such as News Corp.'s Fox News, Time Warner Inc.'s CNN and Comcast Corp.'s MSNBC.
March 17, 2008 |
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.
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.
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.
August 16, 2012 |
Univision Communications is making a high-level switch in its advertising sales team by bringing in Keith Turner, a former top NBC sales executive, to replace current chief David Lawenda. The Spanish-language media giant said Thursday that Turner would become president of advertising sales and marketing on Sept. 4. Lawenda is leaving the company. The move reunites Randy Falco, Univision's chief executive, with one of his trusted lieutenants from his days at NBC. Falco rose through the ranks of General Electric Co.'s NBC network during his 30-year career there. In 2006, Falco -- then president of NBCUniversal Television Network Group -- left the broadcasting company to make room for its then-rising star, Jeff Zucker.
October 9, 2013 |
Spanish-language media giant Univision Communications and Time Warner Cable have signed a new, multiyear distribution deal that includes carriage of several of Univision's new networks including the highly anticipated El Rey Network. The companies unveiled the agreement Wednesday afternoon. Financial terms were not disclosed, but the pact came well in advance of the expiration of the companies' current arrangement and was not contentious. The arrangement provides continued distribution for the main Univision broadcast network, its secondary network UniMás and cable entertainment channel Galavisión, plus a slate of new networks: Univision Deportes, telenovela network Univision tlNovelas, and FOROtv, a feed of the Mexico City-based news network owned by Grupo Televisa, which holds a minority stake in Univision.
June 30, 2011 |
Univision Communications Inc. has installed veteran television executive Randy Falco as its new chief executive, with the task of capitalizing on the growth of the U.S. Latino population to steer the Spanish-language media company into the mainstream. Falco's promotion, unanimously approved by Univision's board Wednesday, comes in the wake of a tumultuous period for the nation's dominant Spanish-language media company. Univision for years was distracted by feuds with its primary programming partner, Mexico-based Grupo Televisa.
November 26, 2012 |
Univision Communications' top lawyer, C. Douglas Kranwinkle, is retiring after 12 years with the Spanish-language media giant, leaving the company without a corporate presence in its marquee market of Los Angeles. On Monday, the company said Kranwinkle will be succeeded by Jonathan Schwartz, who most recently served as general counsel of JPMorgan's Investment Bank. Schwartz will be based in New York. The move continues the consolidation of the media company's corporate functions on the East Coast. The company's headquarters are in New York, and its TV network operations and studios are located in Miami.