Univision Buying USA TV Stations

  • December 8, 2000
(AP) - The nation's top Spanish-language television network, Univision Communications Inc., is buying the television stations of USA Networks Inc., the media company headed by Barry Diller, for $1.1 billion. The cash deal, announced yesterday, would give Univision 13 TV stations and USA Network's minority stakes in four other stations. Diller said separately he had been "overly ambitious" about his plans for the station group. Univision already reaches 92% of U.S. Hispanics and holds an 80% share of the audience. Telemundo Networks, owned by Sony Corp. and AT&T's Liberty Media, holds 20% of the market share. In addition to its network, Univision currently owns 12 full-power TV stations and seven low-power stations.
Next story loading loading..