Former Viacom Inc. CFO Wade Davis is finalizing an agreement to buy Univision Communications in a deal that could be announced as soon as Monday, according to people familiar with the matter. Davis and his backers at Searchlight Capital Partners are expected to contribute about $800 million for a controlling stake in the Spanish-language media giant. The transaction would value Univision at less than $10 billion including debt, the people said.
The massive NBCUniversal Boston Media Center in Needham, Mass., houses the company’s NBC and Telemundo stations plus regional cable news and sports networks in a new $125 million, 160,000-square foot headquarters. “It’s a complete game-changer,” says one GM of the greenfield build.
The agreement includes local TV rating services, audio, and digital ratings for Entravision’s 22 predominantly Spanish-language markets.
Joe Ianniello, who oversees CBS assets at ViacomCBS, hasn’t decided whether to join Platinum Equity’s bid for the Spanish-language broadcaster.
Univision may be selling itself to Liberty Global and a smaller rival called Hemisphere Media, a struggling Spanish-language broadcaster in Miami that bills itself as “the only publicly traded pure-play U.S. media company targeting the high growth U.S. Hispanic and Latin American markets.”
Tubi, the free ad-supported video on demand (AVOD) service, today announced it will expand its service into Mexico later this year in collaboration with TV Azteca, one of the two largest producers of Spanish-language television programming in the world. As part of the deal, TV Azteca will offer advertising sales for Tubi in Mexico and […]
Univision Communications and Televisa today announced a distribution arrangement that would make a Univision-branded linear television channel available across the region in early 2020. The 24-hour pay TV channel will be initially distributed across 17 Latin American markets, excluding Brazil. The network will be operated by Televisa, which will also handle distribution and ad sales. […]
Delta Media-owned MeTV affiliate KLWB Lafayette, La. (DMA 121), is adding a Telemundo feed on ch. 50.3 beginning Jan. 22. Branded as Telemundo Lafayette, it will be the only Spanish-language local station in the market, according to Delta, and will be available to all Cox cable subscribers in the DMA beginning April 1. Tom Poehler, […]
Several firms have expressed interest in acquiring Univision Communications, according to people familiar with the matter, a deal that would give the Spanish-language broadcaster’s private-equity owners a long-sought exit. Hemisphere Media Group, Platinum Equity and former Viacom CFO Wade Davis are among those that have made overtures.
Noticias Telemundo doubles the size of digital editorial team and hires former New York Times En Español reporters in time to kick-off coverage in Iowa.
Telemundo’s KULX Salt Lake City (DMA 30) has appointed Cindy Bernal news anchor for the station’s weekday 5 and 10 p.m. newscasts. Beginning Dec. 16, Bernal will join weather anchor Lorena Lim, Sports anchor Enrique Corona and reporter Rudy Nieves. Bernal joins KULX after two years at Telemundo’s WNEU Boston where she was a reporter […]
Univision-owned WGBO Chicago (DMA 3) and The Chicago Reporter are joining forces to create Latinext, a cross-newsroom, cross-platform, bilingual news team to address the information needs of the 2.1 million strong Latinx community in the Chicago region. The companies say that by “combining the deep roots and reach of Univision Chicago with the more than four-decade legacy of […]
“English, or Spanish?” For newsrooms seeking to serve increasingly diverse audiences, the best answer might be: “Why not both?” A pair of experiments at the ASU Cronkite School of Journalism by the bilingual Cronkite Noticias reporting team tested a new way to deliver the news to these viewers. The results? ¡Muy buenos!
Esteban Creste is news director at Univision’s WXTV New York. He and his team have decided to re-imagine one of local television’s most familiar and enduring formats — the late news. While it’s way too soon to know whether the experiment will work, there are lessons already for any station interested in challenging the status quo.
Quibi is tapping a second NBCUniversal news brand to produce daily news programming for its mobile-first live content platform, set to launch April 2020. Hispanic media juggernaut Telemundo announced today that its news division is partnering with Quibi on two Hispanic news shows for the platform’s curated news and entertainment programming vertical, Daily Essentials.
Telemundo-owned WWSI Philadelphia (DMA 4) has hired Alberto Rullán as news anchor for Noticiero Telemundo62. Rullán will join Iris Delgado on the anchor desk weekday evenings at 6 and 11 p.m. He starts on Monday, Sept. 30. Rullán comes to WWSI from Telemundo’s WNJU New York where he was weekend anchor and breaking news reporter. Prior […]
Enamorándonos (Love is Calling), a reality show dedicated to finding true love, will premiere on Sunday, Sept. 8, at 7 p.m. ET/PT (6 p.m. CT) on UniMás with a special simulcast on Univision. The two-hour program will air Monday through Friday during the same timeslot on UniMás. Hosted by well-known Chilean TV presenter Rafael Araneda with Univision’s […]
To accept financial support “risks the integrity and credibility of NAHJ’s 35-year mission,” the president of the National Association of Hispanic Journalists, Hugo Balta, said.
Univision reported revenue fell 4% to $701.7 million. What the company describes as core revenue dropped 3.5% to $694.5 million. It also posted lower second-quarter net income, it fell 21% to $90.7 million from $114.3 million a year ago.
Years of boardroom bickering and missteps, including a disastrous foray into English-language media, as well as rising competition from rival Telemundo and shifting demographics, have taken a toll.
The Spanish-language TV giant may pitch itself to Disney, Viacom and Fox, but its sale likely won’t make much for investors.
Spanish-language broadcaster Univision expects the volume of advance advertising commitments for its next programming cycle to rise after wrapping its negotiations in TV’s annual upfront market, according to a person familiar with the matter. This person says Univision saw its overall volume grow between 5% and 6% over last year’s efforts, driven in part by an influx of new advertisers and expanded budgets from current clients. The results represent Univision’s best from an upfront market in four years, this person added.
Expanded political coverage, and a new $250 million campus worthy of a start-up, are signs of a Spanish-language network on the rise.
Free streaming service Pluto TV on Monday launched a suite of linear channels aimed at Hispanic Americas. Pluto TV Latino features 11 Spanish- and Portuguese-language channels with programming in a variety of genres including movies, comedy, music, crime reality sports and telenovelas.
Lester Holt, the anchor of NBC Nightly News, is the glue that holds the evenings together. He will be onstage for all four hours, joined by NBC’s Savannah Guthrie and Telemundo’s José Díaz-Balart for the first hour. In the second hour, Meet the Press host Chuck Todd and MSNBC’s Rachel Maddow will join him.
CARACAS, Venezuela (AP) — The Univision television network said Thursday that it has recovered the video of a contentious interview with Venezuelan President Nicolás Maduro that was confiscated after he cut it short, angered by critical questions from journalist Jorge Ramos. Ramos said the recovery of the video was “a real triumph against censorship” and […]
Univision Communications has announced an expansion of local news coverage on its UniMás affiliate WAMI Miami (DMA 16). Three live half-hour Noticias 23 on UniMás newscasts on UniMás will air Monday through Friday at 5, 5:30 and 10 p.m. Noticias 23 “will provide a different take on local news for Miami-Dade residents” the station said and will be […]
Spanish-language media is branching out locally, with more national outlets investing in local Hispanic coverage and more digital-first, Spanish-language news outlets emerging in small cities and towns across America.
KVEA Los Angeles, Telemundo’s West Coast flagship television station, today announced that its lifestyle program Acceso Total that features national entertainment news, celebrity interviews, as well as the latest in music, culture and social trends is now available to Spanish-speaking audiences on KGNS Laredo, Texas; WDNI Indianapolis; and KUNA Palm Springs, Calif. With the addition […]