Univision Looking to Sell Fusion Media Group (Report)

Univision Communications now wants to unload Fusion Media Group — coming two years after it bought a half-dozen websites from Gawker Media in a bid to boost its reach among younger audiences.

The Hispanic media giant is exploring a sale of Fusion Media Group, the Wall Street Journal reported. (Univision declined to comment.) The strategic about-face comes after Univision cancelled its initial public offering plans earlier this year and has seen broad turnover among its senior executive ranks.

Univision last year had tried to sell a 20% stake in Fusion Media Group for $200 million, but failed to find any investors willing to go in on the deal, the Journal reported. According to the WSJ, potential partners were “skittish” about working with the Univision ownership group, which includes Haim Saban’s Saban Capital Group, Televisa, and private-equity firms Providence Equity Partners, Madison Dearborn Partners, Thomas H. Lee Partners and TPG.

In March, Univision CEO Randy Falco announced his exit one day after the company had scrapped IPO plans. This spring, it Univision laid off 150 employees as part of another wave of restructuring.

Fusion Media Group CEO Felipe Holguin and president and chief content officer Daniel Eilemberg also left the company. Shortly afterward, Raju Narisetti, CEO of FMG’s Gizmodo Media Group and a former News Corp exec, also exited after about a year and a half with Univision.

Univision named Vince Sadusky its new CEO, who officially started June 1, with Falco staying on as an adviser through year-end. Sadusky is the former CEO of Media General and Lin TV station groups.

Univision created the Fusion Media Group in April 2016, after Disney exited the Fusion cable and digital-media joint venture. In August of that year, Univision paid $135 million for the Gawker assets in a bankruptcy auction, which didn’t include the currently dormant Gawker.com.

Fusion Media Group’s Gizmodo Media Group brands are Gizmodo, Deadspin, TrackRecord, Lifehacker, Jezebel, Splinter, The Root, Kotaku, and Jalopnik. In addition, the Fusion Media Group includes the company’s interest in the Onion, Clickhole and The A.V. Club as well as two cable networks — Fusion TV, a news and lifestyle English-language network, and Univision’s interest in El Rey Network — and a production studio.

More TV

  • Durban 2018 Panel on Sexual Harrasment

    For Black Women in South African Film Biz, Equality Still a Struggle

    Univision Communications now wants to unload Fusion Media Group — coming two years after it bought a half-dozen websites from Gawker Media in a bid to boost its reach among younger audiences. The Hispanic media giant is exploring a sale of Fusion Media Group, the Wall Street Journal reported. (Univision declined to comment.) The strategic […]

  • Anthony Anderson

    Anthony Anderson Under Criminal Investigation, Disputes Woman's Claims of Assault

    Univision Communications now wants to unload Fusion Media Group — coming two years after it bought a half-dozen websites from Gawker Media in a bid to boost its reach among younger audiences. The Hispanic media giant is exploring a sale of Fusion Media Group, the Wall Street Journal reported. (Univision declined to comment.) The strategic […]

  • 'Marvel's Cloak & Dagger' Renewed for

    'Marvel's Cloak & Dagger' Renewed for Season 2 at Freeform

    Univision Communications now wants to unload Fusion Media Group — coming two years after it bought a half-dozen websites from Gawker Media in a bid to boost its reach among younger audiences. The Hispanic media giant is exploring a sale of Fusion Media Group, the Wall Street Journal reported. (Univision declined to comment.) The strategic […]

  • Frances McDormand Oscar theft

    Amazon Showrunners Panel: Frances McDormand Will Star as God in 'Good Omens'

    Univision Communications now wants to unload Fusion Media Group — coming two years after it bought a half-dozen websites from Gawker Media in a bid to boost its reach among younger audiences. The Hispanic media giant is exploring a sale of Fusion Media Group, the Wall Street Journal reported. (Univision declined to comment.) The strategic […]

  • Amazon Studios SDCC Roundup: Teaser Trailers,

    Amazon Studios SDCC Roundup: Teaser Trailers, Casting, Release Dates

    Univision Communications now wants to unload Fusion Media Group — coming two years after it bought a half-dozen websites from Gawker Media in a bid to boost its reach among younger audiences. The Hispanic media giant is exploring a sale of Fusion Media Group, the Wall Street Journal reported. (Univision declined to comment.) The strategic […]

  • Buffy the Vampire Slayer

    'Buffy the Vampire Slayer' TV Reboot in Development From Joss Whedon, Monica Owusu-Breen

    Univision Communications now wants to unload Fusion Media Group — coming two years after it bought a half-dozen websites from Gawker Media in a bid to boost its reach among younger audiences. The Hispanic media giant is exploring a sale of Fusion Media Group, the Wall Street Journal reported. (Univision declined to comment.) The strategic […]

  • Iron Fist

    TV News Roundup: Marvel's 'Iron Fist' Gets Season 2 Premiere Date on Netflix

    Univision Communications now wants to unload Fusion Media Group — coming two years after it bought a half-dozen websites from Gawker Media in a bid to boost its reach among younger audiences. The Hispanic media giant is exploring a sale of Fusion Media Group, the Wall Street Journal reported. (Univision declined to comment.) The strategic […]

More From Our Brands

Access exclusive content