Univision Hires Advisers as It Reviews Options; Emphasizes Need for Scale
Univision’s board is “reviewing strategic options for the company,” it said Wednesday evening. “The U.S. Hispanic audience represents one of the very few certain growth opportunities in today’s media marketplace, and Univision is ideally positioned.” The broadcaster hired Morgan Stanley,…
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Moelis and LionTree as financial advisers "to assist with the process." The current media market “favors scale and cross-platform offerings, and we believe those major media companies that fail to recognize and capitalize on this unique opportunity in Spanish-language media will be left behind,” said CEO Vince Sadusky.