SAN FRANCISCO (AP) — A report says Spanish-language television network Univision could be considering a sale from its private equity owners.
Univision
confirmed
it is “reviewing strategic options” and has hired outside advisers after a
report in The Wall Street Journal
said it was looking at options, including potentially a sale.
Univision competes with fellow Spanish-language network Telemundo in the U.S.
Private equity firm Saban Capital Group and other firms bought Univision in 2007. In 2016, Univision bought what was then known as Gawker Media, which included news sites Gizmodo and The Onion, for $135 million in an attempt to bring in young readers.
The plan did not pan out, and Univision
sold the properties
for an undisclosed price earlier this year.
