Univision Purchase by Broadcasting Media Completed

Mar 29, 2007  •  Post A Comment

Univision Communications officially began its life as a private company, with Broadcasting Media Partners completing its $12.3 billion acquisition of the Spanish-language media giant.

The Federal Communication Commission gave final approval for the deal earlier this week.

Broadcast Media Partners, comprised of Saban Capital Group, Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group and Thomas H. Lee Partners, now control the biggest Spanish-language broadcast network. Univision television group owns 114 TV and radio stations.

In a statement, new Univision CEO Joe Uva praised the company’s former management, saying it had done an exceptional job of building Univision.

“Univision’s programming quality and audience loyalty are second to none, creating unmatched opportunities for advertisers to successfully reach the U.S. Hispanic community,” said Mr. Uva, the former president-CEO of media-buying giant OMD Worldwide.

(Editor: Baumann)