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FCC approves Univision stations sale
4/2/2007

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.

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