Univision Votes To Consider A Sale
February 9, 2006 at 6:20 AM (PT)
As first reported yesterday on ALL ACCESSS (NET NEWS 2/8) UNIVISION's Board Of Director's, led by CEO A. JERROLD PERENCHIO, is considering a sale of the Spanish language media giant that includes 69 radio stations, 62 TV stations, and music division. While yesterday's price was placed at nearly $10 billion, the LOS ANGELES TIMES indicates analysts are now saying the price could be above $13 billion.
Who'd buy UNIVISION? CBS, NEWS CORP, and yes, even ABC/DISNEY would be likely candidates. Yesterday, UNIVISION shares were up 12% ($3.66/share) for a 52-week high of $34.20.