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Univision suitors unveiled

Media giant finding partners in order to meet U.S. regs

Grupo Televisa, investment firms Bain Capital, Blackstone Group, Carlyle Group and KRR are said to be exploring a joint bid for U.S. Spanish-language broadcaster Univision.

Televisa declined to comment on the news reports Thursday. The Mexican media giant is a major Univision shareholder and the U.S. group’s major programming supplier.

It’s been eyeing a deal since Univision put itself on the block early this year. But U.S. regs on foreign broadcast ownership — capped at 25% — mean it can’t do the deal without partners.

A number of other firms have also been circling and multiple bids are expected later this month as the Spanish-language market is viewed as a hot space in the media world.

As for possible strategic buyers, CBS Corp. chief Leslie Moonves and News Corp.’s Rupert Murdoch have both bowed out. The price tag could top $12 billion. And a deal would put both of those congloms well over the current FCC cap on stations ownership.

Murdoch noted Wednesday that a Univision buy would leave News Corp. with four stations in major markets.

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