Univision is one of the giants in Spanish media here in the United States, and the company is about to grow. Mexico-based Grupo Televisa and Univision announced that they have closed their $4.8 billion merger to create a new company called TelevisaUnivision.
TelevisaUnivision plans to create the world’s leading Spanish-language media and content company.
As a result, the parties involved plan to merge all their assets, including Televisa’s four broadcast channels, movie studio, etc., and Univision’s nine Spanish-language cable networks, 59 television stations, and 57 radio stations.
“The close of our transaction marks a historic moment for our company and our industry,” Wade Davis, TelevisaUnivision CEO, said. “We are combining two iconic and market-leading companies that have a rich, shared history and an incredible portfolio of assets. This combination will create a business without comparison in the global media landscape.
Over the past year, both companies have transformed themselves, reaching levels of financial performance and audience resonance that has not been seen for years. The power and momentum of the transformed core business is truly unique and will be a springboard for the upcoming launch of the preeminent Spanish-language streaming service.”
As a result of the merger, TelevisaUnivision now reaches over 60-percent of TV viewers in both the U.S. and Mexico. Furthermore, across television, digital, streaming, and audio, they grab over 100 million Spanish speakers every day.
“The combination of content assets from Televisa and Univision, the two leading media companies from the two largest Spanish-speaking markets in the world, has created a company with tremendous potential,” said Alfonso de Angoitia, Executive Chairman of the TelevisaUnivision Board of Directors.
“With our attractive financial profile and history of innovation, TelevisaUnivision is ready to revolutionize the industry by delivering the most comprehensive Spanish-language content offering to audiences around the world.”
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at eddie1991razo@gmail.com.
