The largest Hispanic media company in the United States may be up for sale.
The owners of Univision Communications have held acquisition talks with several media companies, including CBS Corporation and Time Warner. A person familiar with the matter told the Wall Street Journal that the owners want upwards of $20 billion for the sale. The owners purchased the media company for $13.7 billion in early 2007.
Univision operates Univision Network and Univision Deportes Network as well as 62 TV stations, 68 radio stations and various other digital properties.
The owners have also reportedly considered dealing with Mexican media company Grupo Televisa, which has licensed its content to Univision to be distributed throughout the United States. While the Federal Communications Commission (FCC) once barred foreign companies from owning a majority stake in U.S. broadcast networks, the agency has now loosened the regulations. Any purchase by a foreign company involving a stake larger than 25% must be reviewed on a case-by-case basis.
Univision has also considered issuing shares publicly -- an option that is still on the table.
Get full details about the huge media sale at The Wall Street Journal.