The deal gives HC2 access to TV Azteca’s current programming and library in Mexico, including entertainment shows, network and local news, as well as telenovelas and other scripted series.
HC2 will keep the Azteca América name, as well as U.S. staff involved in programming, marketing, advertising sales, finance and operations.
Manuel Abud, President and CEO of Azteca América since 2014, will remain at the helm of the network.
How did the deal come about and what will the sale mean for the network? Check out more details and the interview with Manuel Abud on Forbes.