FCC approves Univision stations sale
April 2, 2007
Mexico's Televisa, the world's largest Spanish-language broadcaster, announced last week that it sold its minority interest in Univision Communications, owners of 114 Spanish language TV and radio stations.
Broadcasting Media Partners, a group of private investors, announced earlier they had completed a $12.3 billion purchase of Univision, the largest U.S. Spanish-language broadcaster, which Televisa had earlier hoped to buy. The deal closed only two days after the FCC gave its approval.
The transactions now make Univision a privately held company. The investor group includes Madison Dearborn Partners, Providence Equity Partners, Saban Capital Group, Thomas H. Lee Partners and TPG.