From Simple English Wikipedia, the free encyclopedia
Univision Communications Inc.
is an
American
media
company
/ It is headquartered in
Miami
,
Florida
.
Univision Communications Inc. was founded in 1962 as
Spanish International Communications Corporation
. From September 1996 to April 2007, Univision Communications Inc. traded in the
New York Stock Exchange
under the symbol
UVN
. On May 30, 2018, Vincent Sadusky was made the new
CEO
of Univision. He replaced Randy Falco. Sadusky had previously work for
Telemundo
and the local station groups
LIN Media
and
Media General
.
On February 25, 2020, investment firms
ForgeLight
(launched by Viacom CFO Wade Davis) and
Searchlight Capital
bought the 64% controlling stake in the company. This had been held by its investment group ownership at the time. The minority owner
Televisa
kept its 36% share of the company. As a result, the company was led by Davis as the new CEO. The sale was completed on December 29, 2020.