Categorized | TV & Radio

Saban looking to sell Univision for $20+ billion

Univision logoFor the past 2 years, there’s been talk that the owners of Univision would be taking the company public. But now, it looks like they want to sell it.

According to the Wall Street Journal, the owners of the number one Spanish-language network in the U.S. “have held preliminary discussions in recent weeks with several media companies, including CBS Corp. CBS and Time Warner Inc,” as they look to exit their multi-billion dollar investment.

But the asking price is apparently an issue. The group of investors that bought Univision in 2007, led by billionaire Haim Saban, allegedly want more than $20 billion for the company. The group bought the network in 2007 for $13.7 billion, including debt.

Haim Saban, Executive Chairman of Univision, at Latino MediaCon. (Photo: Alex Gallo)

Haim Saban, Executive Chairman of Univision.

Grupo Televisa, which owns a minority stake in Univision and provides the network with most of its programming, was seen as a possible buyer, but it faces regulatory rules that cap at 25% foreign ownership in broadcasters.

Televisa invested $1.2 billion in Univision in 2010. Under the terms of the deal, Televisa paid $130 million for a 5% stake in the company, with the rest becoming convertible debt equivalent to 30% of Univision shares.

Last fall, the Federal Communications Commission voted to allow exemption to the foreign ownership cap on a case-by-case basis.

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- who has written 4807 posts on Media Moves.

I'm an Emmy award-winning journalist, who's worked as an on-air reporter in Spanish and English-language television news. I've worked for Univision, Telemundo, CNN en Español and Los Angeles Fox and UPN stations before diving into a convergence model at the San Jose Mercury News. I have also held management positions in the online digital sphere - first as Managing Editor of IntersectionsSouthLA.org, followed by a role as the West Coast Web editor for impreMedia. I was president of the National Association of Hispanic Journalists from 2004 to 2006. I am also a freelance writer, reporter and producer. I founded Media Moves in June of 2007.

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Veronica Villafañe, Editor and Publisher

Veronica Villafane

I'm an Emmy award-winning journalist, who's worked as an on-air reporter, anchor, writer and producer for Spanish and English-language television, including Univision, Telemundo, CNN en Español, Fox 11 News in Los Angeles and the San Jose Mercury News, later becoming a digital media manager. I write about Hispanic media and entertainment as a regular contributor to Forbes and also freelance as an editor, reporter and producer for other media outlets. I'm a former president of the National Association of Hispanic Journalists, inducted into the Hall of Fame in August of 2016.
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