According to an acquisition agreement document published by the Federal Communications Commission (FCC), Liberman Media Group, owned by Lenard Liberman, founder of LBI Media and Estrella TV, acquired Univisión Puerto Rico’s TV facilities and its repeaters for USD 1 million. The acquisition includes channel 11 (WLII-DT) and its repeaters Channel 9 (WSUR-DT) and Channel 12 [...]
After several weeks of speculation about a possible sale, Univision confirmed that Searchlight and ForgeLight will acquire 64% of its shares, while Televisa will retain the remaining 36%, in addition to the Programming License Agreement it has with the US company. Wade Davis, former Viacom CFO, will be in charge of Univision’s executive direction once [...]
After, at the end of January, the names of the main interested actors in acquiring Univision Communications Inc were reported, The Wall Street Journal informed last Friday that the investment fund headed by Wade Davis, former Viacom CFO, with Searchlight Capital Partners capitals, is the favorite to complete the operation. According to The Wall Street [...]