"The close of our transaction marks a historic moment for our company and our industry," says Wade Davis, chief executive officer, TelevisaUnivision. "We are combining two iconic and market-leading companies that have a rich, shared history and an incredible portfolio of assets. This combination will create a business without comparison in the global media landscape. Over the past year both companies have transformed themselves, reaching levels of financial performance and audience resonance that has not been seen for years."
"The combination of content assets from Televisa and Univision, the two leading media companies from the two largest Spanish-speaking markets in the world, has created a company with tremendous potential," says Alfonso de Angoitia, executive chairman, boardof directors, TelevisaUnivision. "With our attractive financial profile and history of innovation, TelevisaUnivision is ready to revolutionize the industry by delivering the most comprehensive Spanish-language content offering to audiences around the world."
Televisa's four broadcast channels, 27 pay-TV channels, Videocine movie studio, Blim TV subscription video-on-demand service and the Televisa trademark, will be combined with Univision's assets in the U.S., which include the Univision and UniMás broadcast networks, nine Spanish-language cable networks, 59 television stations and 57 radio stations in major U.S. Hispanic markets, and the PrendeTV AVOD platform.
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