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Mexico's Televisa allowed to up Univision stake to 49%

Thursday 5 January 2017 | 10:27 CET | News
The US Federal Communications Commission has approved a petition from Mexican media conglomerate Grupo Televisa to increase its stake in US Spanish-language network Univision to 49 percent. In a statement, the FCC said it granted the petition submitted by both companies in July 2016 on the grounds that "the application will further Univision's service to the Hispanic community and other minority communities and advance its empowerment initiative." The foreign ownership of Univision's issued and outstanding shares of common stock will be increased from 25 percent to 49 percent, with Televisa

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Categories: Broadcast & Satellite
Companies: FCC / Televisa / Univision
Countries: Mexico / United States
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