You will be redirected back to your article in seconds

Univision taps Randy Falco as CEO

Former AOL topper promoted at cabler

Univision stayed inhouse in settling on its new prexy-CEO. Randy Falco, a former top NBC exec and former CEO of AOL, has been handed the reins, six months after he joined the Spanish-lingo media giant as exec veep and chief operating officer.

Univision, owned by an investor group headed by Haim Saban, conducted a search for a CEO during the past few months, though Falco was considered the prime candidate to succeed Joe Uva, who departed in April after four years in the post.

Falco will also join Univision’s board of directors.

His appointment comes as Univision is poised for an expansion push with the launch of a cable channel dedicated to telenovelas, news and sports during the next 18 months (Daily Variety, April 13).

Falco has experience with Hispanic media — Univision rival Telemundo was part of his jurisdiction during his time at NBC. Company’s multiplatform push, too, is within his range of experience: between the Peacock and Univision, Falco headed AOL from 2006-09.

“Randy has over 30 years of relevant industry experience and has demonstrated his highly skilled leadership and strategic vision at Univision over the past six months,” said Univision chairman Saban. “We are confident in Randy’s ability to deliver on Univision’s goals and accelerate our growth.”

Since being sold for $13 billion by a consortium of investors led by billionaire Saban in 2007, Univision has been on a steady upswing. The company settled a long-running legal fight with its key programming supplier, Grupo Televisa, last year, ensuring Univision access to Televisa’s popular novelas. The network has delivered all-time high primetime ratings this year with a string of telenovela hits. It has also locked up key sports rights deals including World Cup soccer matches.

Ever since the Hispanic population growth statistics in the latest U.S. Census report heightened interest in Spanish-lingo media, it’s been rumored that Saban and his investors plan to take Univision public again. Indeed, the company produces a quarterly earnings report even though it isn’t publicly traded. The last of those reports was strong: Uva reported revenues up 12% in the fourth quarter of 2010 to $577 million, with revenues for the year up 14% ($2.2 billion).

“Univision has been at the forefront of innovation and has grown its competitive position while continuing to serve and advocate for the important U.S. Hispanic community,” Falco said.

More TV

  • Alicia Keys23rd Annual Hollywood Film Awards,

    Alicia Keys Will Return as 2020 Grammy Awards Host

    Alicia Keys will return as the host of the 62nd annual Grammy Awards. Keys hosted the awards show for the first time in 2019. She will become the third woman and the first female music star to host the show twice. Keys has won 15 Grammy awards and is second only to Paul Simon as [...]

  • AMERICAN HORROR STORY: 1984 -- Pictured:

    'American Horror Story' Recap: '1984's' 'Final Girl' Revealed

    SPOILER ALERT: Do not read if you have not yet watched “Final Girl,” the finale episode of “American Horror Story: 1984.” The final episode of “American Horror Story: 1984” is appropriately called “The Final Girl,” a reference to the term given to that one (usually virginal) young woman who manages to survive the massacre in most [...]

  • Lady Antebellum and Halsey53rd Annual CMA

    Halsey Puts the Extra Lady in Lady Antebellum in Elegant CMA Awards Medley

    Halsey is increasingly proving herself a woman for all seasons in her varied TV appearances and awards show collaborations, and Wednesday’s CMA Awards telecast was no exception, as she ingratiated herself into the country vocal trio Lady Antebellum for some flawless four-part harmony on a medley of two of their respective hits. She and Lady [...]

  • The Bachelor

    TV News Roundup: ABC Announces Premiere Date for 'The Bachelor' Season 24

    In today’s TV news roundup, ABC announced the premiere date for “The Bachelor” Season 24, while Showtime set a date for Eddie Griffin’s new comedy special. CASTING Freeform announced that it has cast the pilot for “Last Summer.“ Chiara Aurelia will star as Jeanette and Mika Abdalla will star as Kate in this “unconventional thriller” about [...]

  • Mandalorian Pose Stranger Things

    'The Mandalorian,' 'Pose,' 'Stranger Things' Among Nominees for Top TV Publicity Campaign

    The Disney Plus series “The Mandalorian,” three other streaming series, and two FX series have been nominated by Hollywood union publicists for the year’s top publicity campaign. “Catch 22,” “Fosse/Verdon,” “Pose,” “Stranger Things” and “When They See Us” picked up the other nominations. The nominees for the International Cinematographers Guild Publicists’ Maxwell Weinberg Award for [...]

  • Paradigm's Liz Morentin portrait session in

    Paradigm's Executive VP of Communications Liz Morentin to Exit Agency

    Liz Morentin is stepping down from her role as executive vice president of communications at Paradigm, Variety has learned. According to an individual with knowledge of the situation, Morentin’s departure was amicable and she will stay on at the agency through the end of the year to help with the transition. No replacement has been named at [...]

More From Our Brands

Access exclusive content