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.
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.
May 19, 2011 |
Spanish-language media giant Univision Communications Inc. plans to launch three new cable television channels next year in a bid to tighten its grip on the growing Latino market and diversify its revenues. Univision is expected to announce Thursday that one of the channels will offer soccer and other sports, one will be devoted to news and information, and a third will showcase the spicy Spanish-language soap operas, or telenovelas , that fuel Univision Network's prime-time ratings.
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.
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.
August 7, 2013 |
Telemundo's original productions are starting to pay dividends for NBCUniversal. Monday night's series finale of the Spanish-language telenovela , "El Señor de los Cielos," (translated as "The Lord of the Skies") attracted 3.6 million viewers, making it the second-highest-rated ending for a telenovela in Telemundo's history. Shot primarily in Mexico City, the novela was based on the true story of Aurelio Casillas, a powerful Mexican drug lord of the 1990s. ON LOCATION: Where the cameras roll The prime-time series, one of the most expensive ever for Telemundo, was a co-production of Telemundo Studios and the Colombian venture Caracol TV. The show featured actors Rafael Amaya, Ximena Herrera, Fernanda Castillo and Gabriel Porras.
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.