WASHINGTON, D.C. -- Univision CEO Randy Falco is urging Congress to act quickly to pass legislation to protect individuals who will be affected by the Trump administration's decision to "wind down" a program that allowed young immigrants to remain in the U.S."Enough is enough," Falco wrote to congressional leadership. "Dreamers deserve better than this. They are our soldiers, neighbors, co-workers, first responders, friends, and students. Their parents brought them here to pursue the American dream."He said that Trump's decision to...
In his seven years at Univision, Randy Falco has presided over big changes. He planted Univision firmly in digital turf by buying Gawker out of bankruptcy for $135 million, purchasing a 40.5% controlling stake in the parent of humor-oriented The Onion for $27 million and forming a video streaming JV with Lionsgate–all in 2016. Netflix also licensed series “El Chapo” with a second window for Univision that year.
The Spanish-language U.S. TV media outfit even diversified into English-language content with its Fusion cable network/digital platform, though Disney exited a Fusion partnership in 2016. Falco keeps Fusion, which rebranded as Splinter in July 2017, aimed at a broad millennial audience.
Univision’s total audience is sizeable as its TV, radio and digital platforms average a measured monthly unduplicated audience of 89 million persons. Its reach extends to other TV properties including UniMas, formerly Telefutura, as well as cable channel Galavision and sports network Univision Deportes.
With Univision owned by private equity investors since 2007, a corporate merger or initial public stock offering to cash out could be on the horizon. Univision flirted with an IPO, a plan that could be impacted should speculation be true that emerged in 2017 that John Malone may be looking to make an investment in the company.
Prior to joining Univision in 2011, Falco was CEO at AOL and earlier a 30-year veteran of NBC Television. He has an undergraduate business degree and MBA from Iona College.