FCC Green Lights Sale Of Univision To Searchlight Capital Partners

FCC Green Lights Sale

The FCC has given the green light to the sale of UNIVISION COMMUNICATIONS to private investment firm SEARCHLIGHT CAPITOL PARTNERS, and the transaction is officially complete. 

As part of the complex transaction, former VIACOM executive and FORGELIGHT principal WADE DAVIS has taken over as UNIVISION CEO, replacing VINCE SADUSKY. While no radio stations will be sold, the new owners will spin off three TV stations in PUERTO RICO.

The new owners say they plan to use UNIVISION’s extensive platform and entertainment, sports and news content to “deepen its relationship with the Hispanic community” while looking for new growth opportunities by creating new content for the next generation of Hispanic viewers, expanding its portfolio of ad products and enhancing its digital presence.

DAVIS said, "The combination of TELEVISIA's content with SEARCHLIGHT’s investment experience will help us fully realize UNIVISION’s potential as the leading HISPANIC content company in the UNITED STATES. UNIVISION’s recognized and trusted brand, its consistent performance, and its leadership serving an important and growing consumer audience give us an unmatched opportunity to achieve even greater success." 

He added, “This is a pivotal moment in UNIVISION’s rich history, as the company plays an increasingly important role in educating audiences about key issues relevant to the Hispanic community and encouraging and elevating the dialogue on social justice and equality, while also continuing to provide entertainment when viewers need it most."

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