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September 1, 2014

Univision put up for sale

by Adam Finley, posted Feb 12th 2006 8:16AM
A. Jerrold PerenchioHere's an interesting fact: founder, chairman and CEO of Univision, A. Jerrold Perenchio, does not speak Spanish. Now, he's also the central figure in the recent decision to put the popular Spanish language channel up for sale. Some speculate the channel could draw in as much as $12 billion from possible buyers, and people like CBS' Leslie Moonves, Rupert Murdoch, Time Warner, and Televisa, one of Univision's content providers, have all expressed varying degrees of interest. Univision hasn't been failing in the ratings. On the contrary, it's actually been doing exceptionally well. The decision to sell the company appears to be based on the 75-year old CEO's desire to finally leave the network he began.

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