Categorized | TV & Radio

Fox sells its stake in MundoFox to RCN

Posted on 16 July 2015. Tags: ,

FOX-RCN-MFox logosFOX International Channels and RCN Television Group (RCN)are parting ways. Both companies announced today they will no longer be partners in MundoFox, the joint-venture broadcast network they launched in 2012.

FIC has sold its entire interest, making RCN the sole owner of the Spanish language broadcast network. The financial terms of the deal were not disclosed.

During an interview in April of 2012, RCN president Gabriel Reyes told Media Moves that RCN would be contributing 50% to the partnership, in addition to content from the Colombian network’s catalog. He did not reveal the extent of RCN’s financial contribution, citing “information is protected by a confidentiality agreement.”

Since its inception, MundoFox has had a series of challenges, most notably, in securing nationwide distribution and finding a solid audience.

In 2014, the network also experienced a change in leadership. Founding network president Emiliano Saccone left and Ibra Morales replaced him.

A prepared statement from RCN states Morales will continue to lead the management team at MundoFox.

No word yet on how or if the new ownership will affect MundoFox’s personnel and programming. Stay tuned for more details…

Related stories:

This post was written by:

- who has written 4614 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.

Contact the author


One Response to “Fox sells its stake in MundoFox to RCN”

  1. D says:
    July 16, 2015 at 11:31 PM

    I always thought it was kind of strange that a few months ago, Telemundo announced it would be airing “Celia,” a FOX TeleColombia production when all of those shows were going to MundoFox previously… or that Telemundo had signed an agreement with TeleColombia’s Estudios TeleMexico. Perhaps they already knew internally what was going on…coincidentally this announcement was made, today, along with Telemundo sending out a press release for “Celia” with a #CeliaTBT hashtag as part of its publicity gimmick for releasing the news although it is the anniversary of Cela’s death.

Trackbacks/Pingbacks



.
Sent out on Friday morning, weekly newsletter Media Moves Wrap provides a summary of the week's top stories.

Read why Media Moves launched a crowdfunding campaign and why it needs your support.

Veronica Villafañe, Editor and Publisher



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 was president of the National Association of Hispanic Journalists from 2004 to 2006, and inducted into the Hall of Fame in August of 2016. As an online news manager, I was West Coast Web Editor for impreMedia and Managing Editor of IntersectionsSouthLA.org. In addition to running Media Moves, which I founded in June of 2007, I'm a regular contributor to Forbes and also do freelance work as writer, reporter and producer.
..