Univision asks FCC to Allow Televisa to Increase its Stake in Univision
What: Univision Holdings has requested the Federal Communications Commission (FCC) permission to increase from 10% to 40% Televisa’s stake in Univision. FCC reported that it will publish comments on the operation on August 8 and provide a final answer on September 7.
Why it matters: Univision is attempting to do an IPO and Televisa is its main strategic partner and one of its main investors.
US Spanish-language network Univision Holdings has requested the Federal Communications Commission (FCC) permission to increase Televisa's stake in Univision from from 10% to 40%.
Televisa supplies about 35% of Univision’s television programming and more than half of its content across other platforms. Foreign companies can only own up to 25% stake in U.S broadcasters, that is why Univision is asking the FCC to make an exception.
The FCC reported that will publish comments on the operation on August 8 and will provide a final answer on September 7, Mexico's El Proceso newspaper reported that Televisa received US $83.3 million in royalties from Univision during the second quarter of 2016.
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