Monday, Grupo Televisa, announced it has finally completed its $1.2 billion investment deal started in October with Univision Communications Inc.
Univision is the largest Spanish-language television network in the U.S., and this deal seeks to increase its success among the rapidly growing population of Hispanics in America. Over the last few years, Univision has often placed 4th among the U.S.’s five major networks, outranking The CW.
Televisa, the world’s largest Spanish-language media group, now owns a 35 percent stake in Univision, and the deal extends their program licensing agreement (to 2025), which allows them to distribute Televisa content on traditional and digital platforms. Inversely, the deal also allows for Televisa to air Univision programs in Mexico.
Eventually, Televisa can increase its stake in Univision to 40 percent.
Source: Hispanically Speaking News
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