• Get involved.
    We want your input!
    Apply for Membership and join the conversations about everything related to broadcasting.

    After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
    If you use a disposable or false email address, your registration will be rejected.

    After your membership is approved, please take a minute to tell us a little bit about yourself.
    https://www.radiodiscussions.com/forums/introduce-yourself.1088/

    Thanks in advance and have fun!
    RadioDiscussions Administrators

Univision to consider selling the Fusion media division

Y2kTheNewOldies

Y2kTheNewOldies

https://variety.com/2018/biz/news/univision-sale-fusion-media-1202868112/

.Univision Communications now wants to unload Fusion Media Group — coming two years after it bought a half-dozen websites from Gawker Media in a bid to boost its reach among younger audiences.

The Hispanic media giant is exploring a sale of Fusion Media Group, the Wall Street Journal reported. (Univision declined to comment.) The strategic about-face comes after Univision cancelled its initial public offering plans earlier this year and has seen broad turnover among its senior executive ranks.

Univision last year had tried to sell a 20% stake in Fusion Media Group for $200 million, but failed to find any investors willing to go in on the deal, the Journal reported. According to the WSJ, potential partners were “skittish” about working with the Univision ownership group, which includes Haim Saban’s Saban Capital Group, Televisa, and private-equity firms Providence Equity Partners, Madison Dearborn Partners, Thomas H. Lee Partners and TPG.
Click to expand...

This came into play since Vincent Sadusky took the leadership seat at Univision.
 
Status
This thread has been closed due to inactivity. You can create a new thread to discuss this topic.


Back
Top Bottom