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.
April 3, 2014 |
Univision Communications is restructuring its radio division, eliminating dozens of workers at stations around the country as the company centralizes its programming functions. Univision confirmed Thursday that there had been layoffs, but it declined to say how many people had lost their jobs as part of this week's realignment. The nation's largest Spanish-language media company, which owns 68 radio stations, this week began trimming programming staff and some on-air hosts, including in Chicago, in an effort to cut costs.
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.
December 29, 2010 |
Univision Communications is becoming a potent rival to English-language networks, which have long dominated prime-time viewership. The Spanish-language television broadcaster said Tuesday that its program "Soy Tu Duena" was its most watched telenovela ever, finishing its six-month run with a final episode that drew more than 7.3 million viewers Monday night. Since its launch in June, "Soy Tu Duena," which Univision translates as "Woman of Steel," has pulled in an average of 5.4 million viewers per episode, often generating bigger audiences than programs aired by such formidable English-language TV networks as Fox and NBC. The Univision telenovela , or soap opera, revolves around the travails of a scorned woman, once left at the altar, who vows never to love again until she falls for a man she accidentally shot.
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.
January 24, 2013 |
Prominent investors are merging their businesses - including a Spanish-language cable movie channel and a Puerto Rican television network - to form a new public company to be known as Hemisphere Media Group. Investment groups InterMedia Partners VII and Los Angeles-based Azteca Acquisition Corp. said they have agreed to combine their Spanish-language properties and financial resources in a transaction valued at $400 million. Gabriel Brener, a wealthy Los Angeles investor, is contributing the $100 million that Azteca Acquisition, his special-purpose acquisition company, raised in its initial public offering in 2011.
July 27, 2010 |
A three-year criminal investigation into a pay-for-play scandal at Univision Communications — in which Latin-music executives bribed radio station managers with briefcases stuffed with cash — ended Monday when Univision agreed to pay $1 million in penalties to federal authorities. As part of an agreement with the U.S. Justice Department, Spanish-language media giant Univision pleaded guilty to one count of conspiracy to commit mail fraud. During the four-year scheme, mid-level executives and music promoters at the now-defunct Univision Music Group paid thousands of dollars to radio station programmers in exchange for increased radio air time for Univision's songs.
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.