Entertainment

Televisa, Univision to Merge, Forming Spanish-Language Media Powerhouse


Univision CEO Wade Davis will hold the same title at the combined company, with Televisa co-CEO Alfonso de Angoitia serving as executive chairman of the board.


"This strategic combination generates significant value for shareholders of both companies and will allow us to more efficiently reach all Spanish-language audiences with more of our programming," said Emilio Azcárraga, executive chairman of the Televisa board of directors.


Televisa-Univision will emerge as the leading global Spanish-language multimedia company, uniquely positioned to capture the significant market opportunity for Spanish speakers worldwide."


Grupo Televisa's assets in Mexico include four over-the-air channels, 27 pay-TV networks, movie studio Videocine and the Blim TV SVOD service, as well as a telecom business.


"We are creating a company which is a leader across multimedia categories, unified over the largest territories and with the scale and focus to deliver the most compelling content experience to Spanish-language consumers around the world.


We are confident that this strategic transaction will maximize the potential of our content segment, while allowing us to strengthen our balance sheet and focus on growth opportunities at our telecom business."






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