CAROLINA SARASSA: In other news, Univision shareholders have- in the past few hours- arrives at an agreement on the sale of its majority stake (in the network) to Searchlight Capital Partners and Forgelight, LLC.
BORJA VOCES: The agreement calls for the sale of 64% of Univision. The remaining 36% shall continue to be held by Televisa, who have decided to retain their ownership stake and continue to execute the programming licensing agreement, which has been a strategic success and has, of course, contributed to Univision’s success as well as that of Televisa.
SARASSA: Veteran media executive Wade Davis shall become the CEO of Univision as soon as this deal is finalized.
VOCES: The new majority shareholders, Searchlight and Forgelight, will bring their experience and knowledge in this field in order to consolidate Univision’s leadership by leveraging the great moment it currently finds itself in, in terms of content and programming. The purpose is to accelerate growth, expand its advertising product portfolio, substantially improve its digital presence, and continue using Televisa’s product- the best in its class.
SARASSA: Univision is the most recognized and trusted brand among U.S. Hispanics, with clear and broad leadership in news, sports, and entertainment. Among Hispanic adults, Univision Noticias outperforms any over-the-air television network, regardless of language, by more than 34%, and outperforms any cable network, Borja, by over 89%.