Broadcasting & Cable
In a sign that Univision and Televisa have patched over their longstanding disagreements, the Mexican media giant has agreed to invest $1.2 billion in Univision and expand its long-term programming agreement with the largest U.S. Hispanic broadcaster.
Televisa had filed a lawsuit in 2006 to attempt to get out of its programming agreement with Univision, which is heavily dependent on Televisa’s telenovelas for its primetime ratings.
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Under the terms of the binding agreement, Televisa will invest $1.2 billion and contribute its 50% stake in the TuTv Hispanic channels it jointly owns with Univision for a 5% equity stake. More…