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.

Get ready for #Portada17 on Sept. 14 in New York City! The Hispanic Sports Marketing Forum on September 13, and the 11th Annual Hispanic Advertising and Media Conference on September 14 will provide you with the best content and unparalleled networking opportunities to succeed in Multicultural America.


Editorial Staff (@portada_online)

Portada is the leading source of news and analysis on the Latin Marketing and Media space. Credibility is our biggest asset: The Portada team is very passionate about producing high-quality independent content that helps drive forward the Latin Marketing and Media space.
El equipo editorial de Portada se apasiona por elaborar contenidos de alta calidad. La credibilidad es nuestro mayor activo. La misión de Portada es ayudar a profesionales de negocios y medios a comprender y alcanzar a consumidores latinoamericanos, del mercado hispano de EE UU y España.

MORE FROM PORTADA

Drawn by Multicultural Demand, a Miami-Based Production House Expands to Los Angeles

Drawn by Multicultural Demand, a Miami-Based Production House Expands to Los Angeles

Miami-based music production company Animal Music has opened a studio in Los Angeles, California to meet an increasing demand for Multicultural talent.


Tinder Explores Video, Acquires Video Startup Wheel

Tinder Explores Video, Acquires Video Startup Wheel

Tinder announced an agreement to acquire Snapchat-style video startup Wheel.


¡Suscríbete a los boletines de marketing deportivo, video, marketing turístico e innovación!

Portada está expandiendo de manera significativa su cobertura en las aéreas descritas abajo. Asegúrate de obtener noticias frescas y la inteligencia que elabora el equipo editorial de Portada. ¡Por favor, tilda los tema(s) de los que quieras recibir información!