Univision in USA Networks TV Talks

07 December 2000

Hispanic broadcasting giant Univision Communications is reportedly close to securing the purchase of the TV station chain belonging to USA Networks for $1.0–$1.2 billion.

Barry Diller-owned USA Networks announced earlier this week that it intends either to sell its string of thirteen TV stations dotted around the US or enter into a joint operating venture. Other parties interested in acquiring the group have been Disney and Tribune.

The Univision TV network already reaches 92% of US Hispanics – a burgeoning market in America – with an 80% audience share. Purchasing USA Networks’ TV assets would give it two stations in several major centres of the Latino population, such as Los Angeles and New York.

News source: Wall Street Journal