Univision is a
Spanish-language television network in the
United States and
Puerto Rico. It has the largest
Latin American audience, largely due to repurposed
telenovelas and other Mexican programs produced by
Grupo Televisa.
Joe Uva is the
CEO of
Univision Communications, Inc.
Univision is headquartered now in
New York City, after years of being in
Los Angeles,
[[1]] and its major production facilities/operations are in
Miami. It is available on
cable in most of the country, with local stations in over 50 markets with sizeable
Latino populations. Most of these stations air full local news and programming in addition to network shows. Univision's major programming is closed-captioned in Spanish, but unlike main competitor
Telemundo, it almost never provides English
subtitles.
The network was sold on
March 12,
2006, to a consortium led by
Haim Saban (who had previously owned the entity
Saban Entertainment), ,
Providence Equity Partners,
Madison Dearborn Partners, and
Thomas H. Lee Partners for $13.7 billion or $36.25 per share plus $1.4 billion in acquired debt.
[ [2]] The buyout left the company with a debt level of twelve times its annual cash flow, which was twice the norm in buyouts done over the previous two years.
[ [3]]