Univision May Launch New Nets, TV Net Revs Up 17%
Following an expanded programming agreement with Televisa, Univision is exploring the launch of several new Spanish-language networks, including a novela channel. It may also import Televisa networks in Mexico and Latin America to the U.S. and perhaps debut a sports outlet, CEO Joe Uva said.
Uva did not provide specifics on a conference call Thursday, except to say he expects a novela channel to be in “high demand.” Univision CFO Andy Hobson said the company plans to invest $20 million to $30 million to back new networks and ramp up its sales and research capabilities. Read More »