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What: The Federal Communications Commission (FCC) has decided that it will allow foreign investors to own equity in Univision beyond the mandated 25% cap on foreign ownership in U.S. radio and television companies, Radio and Television Business Report reveals. Foreign investors will now be able to own up to 49% of Univision’s stock and voting rights.
Why it matters: The FCC announcement opens the way for Televisa, a major Mexican media company, to increase its stake in Univision to 40% from its current 22% ownership. Televisa will do so by converting the Univision debt it owns into stock.  As a result, Univision’s sizable debt load will be reduced and it should be able to put more resources to strengthen its programming, which lately had lost ground against competitor Telemundo.

In July 2016  Univision requested the Federal Communications Commission (FCC) permission to increase Televisa’s stake in Univision from 10% to 40%.
The FCC now has granted permission to increase that stake to 40%. (Although it is not clear whether Televisa already holds a 22% stake as a result of a MOU with Univision announced on July 2, 2015.  At the time, Televisa said it planned to increase its stake in Univision to 22% and swap US $1.125 billion of Univision debt it held to equity shares.) In any case, with the new FCC ruling Televisa will be able to increase its stake to 40%, exchanging debt for equity, and Univision’s US $9.3 billion debt load (31.12.215) will be substantially reduced.

Univision’s debt load will be substantially reduced as a result of the FCC allowing Televisa to increase its stake

NHMC Supports Televisa Stake Increase

Several Hispanic organizations including the National Hispanic Media Coalition (NHMC) have written over the past months to the FCC (check filing August 29, 2016) favoring the increase of Televisa’s stake in Univision to 40%. Alex Nogales president of NHMC wrote that the “NHMC supports the Petition because of the potential it presents for American Latinos to tell their stories to the nation, in English and in Spanish. Univision has stated that Televisa’s past investments in Univision have resulted in the hiring of more American Latinos,and have resulted in an increase in its U.S.-based content production. NHMC is encouraged that Univision will utilize the capital infusion to further bolster its Spanish-and English-language programming in the United States and further grow its diverse talent pool.”

CHECK OUT: 6 Ways the FCC ruling will impact Univision and Hispanic Marketing

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Attention journalists, bloggers and copy writers at ad agencies: The Associated Press just  announced that it will no longer allow the term “illegal immigrant” or the use of the word “Illegal” to describe a human being. The Stylebook no longer sanctions these terms. Instead, it tells users that “illegal” should describe only an action, such as living in or immigrating to a country illegally.
AP’s decision is of particular  importance when it comes to reporting about Hispanics in the U.S. While there are more than 50 milion documented Hispanics, there may be up to 10 more million of undocumented Hispanics living in the U.S.   The Associated Press also recently introduced a Spanish-language Style book for the U.S. Hispanic market and Latin America (“Manuel de Estilo Online de la AP”). The updated entry is also being added immediately to the Manual de Estilo Online de la AP.

“The discussions on this topic have been wide-ranging and include many people from many walks of life,”  AP’s SVP and executive editor Kathleen Carroll wrote on the AP blog.

We applaud AP for its decision to stop using the word ‘illegal’ to describe human beings.

The announcement was a victory for immigrants’ rights organizations like Define American and progressive news outlets like Colorlines. Much of the credit for pushing for the change goes to Jose Antonio Vargas, the founder of Define American and a Pulitzer Prize-winning journalist and activist who came out as undocumented two years ago.

Highly respected Source for News Writing

“The Associated Press Style Book” not only governs how the AP writes news, but it’s also the most widely accepted source for news writing style in the United States. The debate over using the term “illegal” when describing humans has definitely been a point of contention for media outlets and media watchdogs.

“We applaud AP for its decision to stop using the word ‘illegal’ to describe human beings,” said Hispanic Media Coalition’s CEO and president Alex Nogales.  “For far too long, this term has been accepted as a politically correct way for some to spew hatred, xenophobia, and fear throughout our communities.””At a certain point, it lost any descriptive qualities and became nothing more than a slur used to dehumanize and degrade a very important part of our country,” he continues.

The AP’s decision follows as several college newspapers and news organizations including ABC, NBC and CNN had already decided to stop using the term in referring to people.