Univision Re-Ups Four Top Execs; Confirms Intent To Sell Radio Stations, Record Label
February 22, 2007 at 10:36 AM (PT)
UNIVISION Pres./COO RAY RODRIGUEZ, Sr. Exec. VP/Chief Financial & Strategic Officer ANDREW HOBSON, Vice Chairman/Corporate Secretary ROBERT CAHILL and Exec. VP/General Counsel DOUGLAS KRANWINKLE have extended their contracts with the company through 2009, according to UNIVISION's annual report. For 2007 through 2009, RODRIGUEZ will increase his base salary to $1.1 million; HOBSON, to $935,000; CAHILL, to $825,000; and KRANWINKLE, to $770,000.
UNIVISION also confirmed in the report that it intends to sell "certain non-core assets" once its $12.4 billion sale to a consortium of private equity firm led by HAIM SABAN closes, expected next month, "including our music publishing and recording businesses and a portfolio of non-core radio stations, which includes a number of 'stick' stations."