Univision Communications: A Diversified Spanish-Language Media Company

Considered as the most-watched Spanish-language television network in the United States, Univision Network is able to reach out to about 96% of the Hispanic households in the country. The business used to be one of the subsidiaries of Hallmark Cards.

It was  in 1992 that Univision Communications was created when businessman A. Jerrold Perenchio, purchased Univision Network together with partners Televisa and Venevision. As a diversified communications company, its interest is in television, radio, and the internet. It was in 2001 that the company’s growth made a significant development. This happened through the acquisition of USA Broadcasting, a group of USA Networks which is comprised of 13 full power television stations.

The company was open to the public from 1996 to 2007 wherein it was traded in the New York Stock Exchange under the symbol UVN. It was privatized in March 2007 when it was sold to Broadcasting Media Partners, Inc.