Media Moves

Covering Latinos in the Media Industry

Univision looking to sell minority stake in Fusion Media Group

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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.

Reader Interactions

Comments

    • Isaac no Lee says

      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

        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

    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.