Univision's owners, including Haim Saban, have been desperate to get out of their 2007 investment in Spanish-language programming. We want to hear from you! Matt Beake, a spokesman for Liberty Global in London, told Deadline last month, “This is a small investment that Liberty Global Ventures is exploring.” He specified that any transaction would go through Liberty Global Ventures, the investment arm of Liberty Global. Launch dates for broadcast, cable and streaming programs, Up-to-date lists for broadcast, cable and streaming series, Pandemic-proof vs. pandemic-contingent broadcast lineups, Signup for Breaking News Alerts & Newsletters, Get our latest storiesin the feed of your favorite networks. “If I did not believe that the opportunity existed to reset the relationship with Televisa, which in a way could be the most important strategic partner, I would not have undertaken the transaction.”, He emphasized that the programming deal “is perpetual until they decide to sell. Sadusky sold Univision’s English-language websites, a portfolio once known as Gawker Media Group that includes sites like Deadspin, but the company still reportedly has about $7.3 billion in debt. Televisa retains its 36% stake. Bryan Callen Goes On The Offensive Against Rape Claims; Ex-‘Goldbergs’ Star Sues Alleged Victim’s Husband, ViacomCBS Says Allegation Against CEO Bob Bakish Not Supported By Independent Review, AMC Networks’ SVOD Chief Miguel Penella To Oversee AMC+ In Expanded Role, AMC Entertainment Files To Sell Stock For Cash As Exhibition Struggles, Ice Cube To Star In Universal’s Untitled Sci-FI Pic From Patrick Aiello & Timur Bekmambetov, Wyck Godfrey & Marty Bowen Reunite As Temple Hill Producing Partners, ‘The Boys’ Spinoff Put On Fast Track At Amazon Following Mothership’s Record Season 2 Launch, ‘The Trial Of The Chicago 7’ Review: Aaron Sorkin’s Netflix Pic Delivers A Warning Shot From The Past. “This is a platform that is unique and, from a business standpoint, more attractive than any other media business out there,” he told Deadline. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Wade Davis EVP & CFO Viacom, Inc. But it also took full advantage of the go-go market conditions, which were prompting a range of private equity holders to expand their footprints in many sectors of the economy. But it did say that the Televisa programming deal would continue run for seven and half years in the event that Televisa sold its stake. Mr. Wade C. Davis is a Chief Financial Officer & Executive Vice President at Viacom, Inc. Financial terms of the deal weren’t released. I view this as a fundamental reset.”. His thesis behind it is that there are companies out there he could both invest in and run well. Searchlight, with offices in New York, Toronto and London, has an investment in Hemisphere Media, a smaller, publicly-traded Spanish media group previously reported to be involved in the bidding for Univision. So no carriage battles.

What it does not have much of:  the latest, biggest trend in entertainment, a dedicated direct-to-consumer service. They are among the smartest and most value additive investors in our industry and there is no one I would rather partner with in this transaction.”, Televisa co-CEOs Bernardo Gomez and Alfonso de Angoitia said the company’s decision to maintain its partnership and ownership stake in Univision “strongly reflects our deep confidence in Searchlight and Wade’s leadership, as well as the continued positive outlook we have for Univision as a long-term strategic investment. The context, insight and strategic content that Televisa brings to Univision have been key to the company’s success.”, He said he has worked with Searchlight “as a limited partner, board member and friend since the team founded the firm.

Peter Bart: Work From Home Or Go Back To Office? Univision has had a rocky road since going private in 2006.

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