Despite having extended CEO Randy Falco’s contract through 2020 last November, Univision has now confirmed that he will retire by the end of 2018. The accelerated retirement plan comes during a 24-hour period when the company ditched its long-planned IPO stratregy,
Randy Falco, who has been president-CEO of Univision since 2011, is tacking on at least another two years to his deal, taking him through Jan. 31, 2020. Falco’s extension comes as UCI, which is privately held, announced 3Q earnings of $778.2 million, up 5.9% vs. 3Q 2016. Net income was $104 million in the quarter, compared to net loss of $30.5 million in 3Q 2016.
Randy Falco, CEO of Univision Communications, is the latest corporate leader to call for a forceful condemnation of white supremacists and neo-Nazis in the wake of the violence in Charlottesville, Va. Falco sent a memo to staffers at the Spanish-language media giant pledging to speak out against attacks on immigrants, the LGBT community, the media and those who “espouse racist and hateful views.”
Univision CEO Randy Falco reveals his plans to reverse his network’s ratings slide how the Spanish-language broadcaster is moving forward in its coverage of the president (“without fear or favor”).
Among those honored at Wednesday’s ceremony in Miami Beach were AMC Networks’ Josh Sapan, YouTube’s Susanne Daniels, Univision’s Randy Falco, multihyphenate Eva Longoria and Fox’s Gary Newman and Dana Walden.
Six honorees will receive their awards at a reception scheduled for Jan. 18 at the Fontainebleau Hotel in Miami Beach.
Univision has extended President and CEO Randy Falco’s contract through January 2018. And why not? With Falco presiding, Univision Communications Inc. has grown to 16 broadcast, cable and digital networks; 61 TV stations; 67 radio stations; and has content creation facilities in Miami, New York and Los Angeles.
The Univision CEO says: “Based on what I have seen and heard, I am still concerned that the proposed merger could be bad for competition and most importantly, bad for Hispanic audiences.”
Randy Falco, he CEO of Univision, already presides over the dominant network for Spanish-language television. It recently won the bragging rights of snagging the No. 1 rating of any network during the summer rerun season, beating out NBC, CBS, ABC and Fox for adult viewers under 50. Now Univision is partnering with ABC to launch Fusion, a cable network ostensibly aimed at English-speaking Hispanics but increasingly looking like a channel designed for young people in general.
The Univision CEO tells the Commission on Presidential Debates it should add another debate featuring a bilingual moderator and suggests two of his own.
The newly-minted president-CEO of the Spanish-language broadcaster says his goal is fostering the most engaged audience of all the media outlets, building on the fact that on most nights Univision beats at least one, if not more, of the English-language networks among viewers 18-49. Part of the strategy involves building strong relationships with affiliates and aiding them in offering local news.
The Hispanic network promotes the former AOL and NBC executive from EVP and COO to president-CEO, effective immediately.
Spanish-language media company Univision Communications is planning to launch a telenovela cable channel in the U.S. during the third quarter and a sports and likely also a 24/7 news network next year to offer its Spanish-language audience additional content outlets, EVP-COO Randy Falco said Wednesday.
The former AOL and NBC executive will oversee all of the Hispanic media company’s revenue-driving functions including its TV and radio station groups.