You will be redirected back to your article in seconds

Perenchio completes Univision buy

Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million.

Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group.

As reported, the sale includes nine full-power TV stations, four low-power TV stations and two TV translator stations.

Perenchio Television is an investor group led by A. Jerrold Perenchio, who owns 75% of the group, and in which Grupo Televisa of Mexico and Venevision of Venezuela both hold 12.5% stakes.

Univision is the largest Spanish-language media and marketing services company in the U.S.

Perenchio financed the acquisition through a combination of equity, debt and bank financing. Part of the borrowings included a $ 140 million private placement of senior subordinated notes managed by Bear Stearns and Donaldson, Lufkin and Jenrette.

More Biz

  • Alyssa Milano

    Alyssa Milano on #MeToo Campaign: 'I Wanted to Take the Focus Off the Predator'

    Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million. Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group. As reported, the sale includes nine full-power TV stations, four low-power […]

  • Harvey Weinstein

    Harvey Weinstein Resigns From Weinstein Co. Board as Company Struggles to Survive

    Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million. Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group. As reported, the sale includes nine full-power TV stations, four low-power […]

  • Bob Greenblatt NBC

    Robert Greenblatt on the Importance of Speaking Up and Making Voices Heard

    Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million. Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group. As reported, the sale includes nine full-power TV stations, four low-power […]

  • Gretchen Carlson Wendy Walsh

    Roger Ailes and Bill O'Reilly's Accusers on Harvey Weinstein: 'Society Is Finally Paying Attention'

    Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million. Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group. As reported, the sale includes nine full-power TV stations, four low-power […]

  • America Ferrera32nd Annual Imagen Awards, Arrivals,

    America Ferrera Recounts Her Sexual Assault: 'I Was Nine Years Old'

    Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million. Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group. As reported, the sale includes nine full-power TV stations, four low-power […]

  • Lauren HollyAmerican Heart Association Go Red

    Lauren Holly Describes Harvey Weinstein Harassment: 'I Wanted to Flee'

    Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million. Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group. As reported, the sale includes nine full-power TV stations, four low-power […]

  • Harvey Weinstein Sex Addict? Dr. Drew

    Dr. Drew Pinsky on Harvey Weinstein's Rehab: 'The More He Fights It, the Less Well It's Going to Go'

    Perenchio Television Inc. completed the previously announced purchase of Univision from Hallmark Cards Inc. for $ 550 million. Perenchio also said the Federal Communications Commission has approved the elements of the transaction involving transfer of the Univision Station Group licenses to the buying group. As reported, the sale includes nine full-power TV stations, four low-power […]

More From Our Brands

Access exclusive content