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Univision programming is available in Mexico through affiliates in markets located within proximity to the The IPO plan was tabled in March 2018. | Univision is the leading media company serving Hispanic America. Advertising budgets contracted, sapping Univision’s revenue.In an interview Tuesday, Davis, 47, said he would focus on reducing Univision’s debt load. Perenchio also implemented new programming requirements in which non-sports programs were no longer allowed to run 20 minutes over their allotted timeslot. “The community does need a service that’s at-scale, differentiated and relevant.”Though the terms of the transaction weren’t disclosed, the new owners are contributing about $800 million for 64%, valuing the company at less than $10 billion including debt, people familiar with the matter said.The process was so fraught that Univision shareholders sued the company, alleging it gave preferential treatment to the group because it was led by Haim Saban, then Univision’s chairman and CEO, who once described himself as “just an ex-cartoon schlepper.” (Saban made his initial fortune on the success of the kids show “Power Rangers.”) Their efforts to block the deal failed.To acquire the business, Saban’s group had to fend off deep-pocketed bidders. Three months later, broadcast TV veteran Vincent Sadusky was brought in as CEO.Liberty Global’s entry into the process was viewed as a sign that Malone, the renowned media investor who is chairman of the international cable group, sees a chance to scoop up Univision at a bargain price. But Hemisphere, headed by former Telemundo executive Alan Sokol, is a much smaller entity, which likely opened the door to the partnership with Liberty Global.Univision hung out the “for sale” sign last July, when the company hired Morgan Stanley, Moelis & Co. and LionTree to advise on a sale process that had long been expected.
Rumored suitors for Univision over the years have included CBS Corp., Discovery Inc. and John Malone’s Liberty Media. Davis left Viacom late last year after 14 years, seven of which were as CFO.But that was a few years ago. But some of … “And I do think in totality, this audience prefers watching content in Spanish.”There’s still a huge market for Spanish-language programming in the U.S., Davis said.The company, which began in 1961 with a lone TV station in Texas, at one point commanded 80% of the Spanish-language media market. Also in 1993, KMEX agreed to share operational and technical resources with Televisa to enhance market presence. Locally, Univision owns or operates 65 television stations in major U.S. Hispanic markets and Puerto Rico. But its lack of a significant digital presence and limited library product available for exploitation make it less attractive at a time when the major networks and studios are hunting for content first and foremost. Station City of License Format; KAMA - 104.9 Tu Musica: Deer Park, TX: Spanish CHR: KAMA 750: El Paso, TX: Spanish News/Talk: KBBT - The Beat 98.5: Schertz, TX: Rhythmic CHR: KBNA - La Que Buena 97.5 : El Paso, TX: Regional Mexican: KBRG - Recuerdo …