ABC News and Univision News have announced a joint venture to create a new 24/7 English-language news, information and lifestyle television network, reports B&C. The companies have reached a deal in principal for a network aimed at English-dominant and bilingual Hispanic consumers.
Anne Sweeney, co-chair, Disney Media Networks, and president, Disney/ABC Television Group, said in a statement: "This exciting joint venture represents the latest example of our long-term strategy to broaden the reach of ABC. Our powerful premier news brand, combined with the world’s leading Hispanic media company, will create the nation’s first news and lifestyle channel targeted to this quickly expanding and important community."
Also in the statement, Cesar Conde, president of Univision Networks, said: "For more than five decades Univision has been the leader in serving Hispanics in the U.S. and this joint venture is an extension of our vision to deliver the most relevant news and information, regardless of language, to all Hispanics. This alliance combines the expertise and brand strength of Univision News with ABC News’ leadership and is another example of Univision’s commitment to serving and empowering Hispanic America while connecting all audiences to Latino issues."
In a letter to ABC staff, Ben Sherwood, ABC News president, wrote: "This new partnership delivers on our 2012 priorities — increasing our reach, developing new growth businesses, creating new content, excelling in political coverage and strengthening our digital presence."
The deal has not been finalized, but assuming that it is, the unnamed channel will launch in the first half of 2013. Expected to debut this summer in connection with the venture are a website and mobile and social media content.