About Univision Communications Inc.
Univision Communications runs the top-rated Univision Network, which provides broadcast affiliates with 24 hours per day of Spanish-language television programming to audiences in the US. The company also owns UniMás (broadcast network primarily for telenovelas, sitcoms, and reruns); around 10 cable networks, including Galavisión and Spanish-language sports network TUDN; and about 65 owned-and-operated TV stations. The company also boasts almost 60 Spanish-language radio stations. Univision was founded in 1961 with one TV station in Texas.
Univision operates through two business segments: Media Networks and Radio.
Media Networks segment includes television and digital assets such as Univision.com and streaming service Univision Now as well as mobile apps. Media Networks accounts for over 90% of Univision's total revenue.
Radio segment, known as Uforia Audio Network, is one of the largest Spanish-language radio broadcasting business in the US, also includes the Uforia music app and the audio elements of Univision.com. Univision Radio accounts for nearly 10% of the company's revenue.
The company generates revenue from ad sales, subscription fees, and content licensing. Univision charges subscription fees for the right to view its broadcast and cable networks and retransmit its stations. It also charges subscription fees to consumers to view content on a variety of distribution platforms and viewing devices. Univision licenses programming content for digital streaming and to other cable and satellite providers.
Based in New York, Univision Communications has local sales offices in about two dozen markets across the US, including Atlanta, Houston, Los Angeles, Miami, Phoenix, San Antonio, and San Diego.
Consolidated revenue was $2,687.9 million in 2019 compared to $2,713.8 million in 2018, a decrease of $25.9 million or 1%. The fall was primarily due to the decrease on their every segments.
Net income was $287 million in 2019, higher than $0.8 million the prior year. The increase was primarily due to the increase on their operating income and other income with the benefit provision for income taxes, while having less interest expense.
Cash at the end of 2019 was $293.1 million, up from $130 million in 2018. Cash provided by operations was $295.9 million, while investing activities used $1.6 million. Financing activities used $131.2 million.
In mid-2019 the company hired Morgan Stanley and boutique investment bank LionTree to explore a sale. The company has faced competitive challenges from Telemundo, owned by Comcast's NBCUniversal, whose content has been attracting younger viewers than those of Univision's.
Univision also made a filed attempt to expand into English-language digital media when it bought several websites. In 2018, as part of an overall strategic review resulting in a renewed focus on core Hispanic operations, Univision put its English-language digital assets up for sale, including The Onion, Fusion Digital, and Gizmodo Media Group (owner of blogs such as Gizmodo, Deadspin, Lifehacker, Jezebel, and Jalopnik).
Univision began in 1961 as Spanish International Network, a company backed by Emilio Azcárraga, the mogul behind Grupo Televisa. Facing restrictions on foreign ownership of television stations, Azcárraga sold the company to Hallmark in two parts in 1986 and 1987. Azcárraga teamed up with Jerrold Perenchio and Venezuelan broadcaster Venevisión to buy the struggling company back from Hallmark in 1992. Two years later they expanded their burgeoning business by buying two high-power stations in Houston and Chicago. The company went public as Univision Communications in 1996.
Haim Saban and four private equity firms -- Texas Pacific Group, Thomas H. Lee Partners, Providence Equity Partners, and Madison Dearborn Partners -- acquired Univision Communications for $13.7 billion in early 2007. Univision's owners subsequently moved its headquarters from Los Angeles to New York.
114 5th Ave
New York, NY 10011-5604
Phone: 1 (212) 455-5200
Employer Type: Privately Owned
President and CEO: Randel A. Falco
EVP and CFO: Francisco J. Lopez-Balboa
Chairman: Haim Saban
Employees (This Location): 200
Employees (All Locations): 6,000