Grupo Televisa, S.A.B. (BMV:TLEVISA CPO) agreed to acquire an additional 24% stake in Univision Communications Inc.
January 03, 2017
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Grupo Televisa, S.A.B. (BMV:TLEVISA CPO) agreed to acquire an additional 24% stake in Univision Communications Inc. on January 3, 2017. News and all other operations of both companies will remain independent. Isaac Lee, current Chief News Entertainment & Digital Officer for Univision Communications Inc. will assume the role of Chief Content Officer of both, Grupo Televisa, S.A.B. and Univision Communications Inc. and will directly report to Randy Falco, President and Chief Executive Officer of Univision Communications Inc. and will also now report to Emilio Azcárraga Jean, President of Grupo Televisa, S.A.B. The US Federal Communications Commission (FCC) has approved the deal.
Grupo Televisa, S.A.B. is a media company, cable operator in Mexico and an operator of a direct-to-home (DTH) satellite pay television system in Mexico. The Company operates through four segments: Content, Sky, Cable and Other Businesses. The Content segment includes Advertising, Network Subscription, and Licensing and Syndication. The Sky segment includes DTH broadcast satellite pay television services in Mexico, Central America and the Dominican Republic. The Cable segment includes the operation of a cable multiple system in the Mexico City metropolitan area; the operation of telecommunication, and the operation of a cable multiple system. The Other Businesses segment includes its domestic operations in sports and show business promotion, soccer, feature film production and distribution, gaming, radio, publishing and publishing distribution. The Company distributes the content it produces through various broadcast channels in Mexico and in approximately 50 other countries.
GRUPO TELEVISA, S.A.B. 
