9. UNIVISION COMMUNICATIONS, New York
2016 Spot Revenue: $810.0 million Stations: 59 in 25 markets Coverage: 44.1% Ownership: Univision Holdings Inc., an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG Capital, Thomas H. Lee Partners and Saban Capital Group. Key Executives: Randy Falco, president-CEO, Univision Communications; Isaac Lee, chief content officer, Univision and Televisa; Tonia O’Connor, chief commercial officer/president of content distribution; John Eck, chief local media officer and EVP of technology, operations and engineering; Juan Carlos Rodriguez, president, Univision Deportes.
Continuing its expansion into digital media that began over a year ago with its purchase of The Onion, Univision bought Gawker Media last August for $135 million.
This January, the FCC approved Mexican media company Televisa’s request to increase its stake in Univision from 14.4% to a maximum of 49%.
Univision said in February that it was getting $376 million from the FCC’s spectrum auction.
In April, the company announced it will launch five hyper-local versions of its digital newscast Edición Digital in California, New York, Dallas, Miami and Houston. The next month it debuted a national weather hub to deliver weather forecasts to the company’s TV and radio stations, along with its digital properties and national network.
At the beginning of May, A. Jerrold “Jerry” Perenchio, who bought the Spanish-language Univision network in 1992 and built it into a Fortune 500 company, died at 86.
In June, Univision Local Media joined Nexstar Media and Sinclair Broadcast Group in a consortium Nexstar and Sinclair formed in March to “promote spectrum aggregation, innovation and monetization and enhance their abilities to compete in the wireless data transmission sector.” The consortium has agreed to collaborate on a non-exclusive basis and the companies said the consortium “is intent on exploring the inclusion of other television broadcasting entities.” With Univision on board, the consortium’s coverage grew to about 90% of the U.S.