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Univision looking to sell minority stake in Fusion Media Group

November 16, 2017 by Veronica Villafañe

Univision - FMGUnivision is reportedly looking for investors to buy a minority stake in Fusion Media Group (FMG) for $200 million.

That’s the millennial-oriented division that houses the six Gawker Media sites Univision bought for $135 million in a bankruptcy auction last year.

recode was the first to report sources revealed the media company had “hired bankers at Morgan Stanley and Raine Group to shop the deal.”

Univision’s EVP, Chief Communications Officer Rosemary Mercedes did not confirm the company’s interest in selling a stake, the size or even the price tag for potential investors, but acknowledged the value of the division.

“FMG is an important and growing part of our portfolio and we are committed to positioning it for continued success,” she said.

But FMG President Felipe Holguín sent a memo to staff addressing reports that Univision was looking for prospective investors for a slice of the unit.

You can read what he wrote in the internal memo and more details on Forbes.

Related

Filed Under: Digital, TV & Radio Tagged With: Fusion Media Group, Univision

Reader Interactions

Comments

  1. James says

    November 17, 2017 at 4:48 PM

    Fusión es un fracaso..

  2. Manure says

    November 17, 2017 at 6:13 PM

    A como el kilo de popo ?

  3. Isaac no Lee says

    November 17, 2017 at 11:23 PM

    This is like “the producers” plot… at the end the big fishes cash out

  4. James says

    November 18, 2017 at 11:28 AM

    Hay que hacerle una auditoria

    • Isaac no Lee says

      November 19, 2017 at 10:42 AM

      Nadie va a dar 200 por fusion media, si el digital platform en su totalidad no tiene ese valor en el mercado. Van a disfrazar los numeros?

      • James says

        November 20, 2017 at 8:19 AM

        Exactamente, este invento de Lee fue un fracaso, por algo ABC Network no tuvo otro remedio que desligarse de Fusión.
        Un invento más que los sique llevando al fracaso.

  5. James says

    November 20, 2017 at 8:20 AM

    Exactamente, este invento de Lee fue un fracaso, por algo ABC Network no tuvo otro remedio que desligarse de Fusión.
    Un invento más que los sique llevando al fracaso.

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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here

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