Univision Holdings formally prepared to go public by filing a registration statement with the Securities and Exchange Commission. The statement didn’t specify how many shares Univision planned to sell, or the price, but analysts have said an initial public offering could raise $1 billion and value the leading Spanish-language media company at $20 billion.
Univision also said it reached an agreement with Grupo Televisa, a key supplier of programming that will strengthen the companies’ relationship. Under the agreement Televisa will hold 22% of the voting rights of Univision stock and will have the right to designate a minimum number of directors to Univision’s board.
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Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.