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Univision Communications Inc. announced that shareholders of Univision have approved its previously announced acquisition by an investor group including Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group, Thomas H. Lee Partners, and Saban Capital Group for $36.25 per share in cash, or a total of approximately $13.7 billion including the assumption of $1.4 billion in debt.

The Hispanic unemployment rate reached a historic low of 5.2% in the second quarter of 2006. The gap between the seasonally-adjusted unemployment rates for Latinos and non-Latinos was just 0.6 percentage points–the smallest since 1973, when employment data on Latinos first became available. Wages for Latino workers also rose between the second quarters of 2005 and 2006, and at a faster rate than for other workers. Those developments reflect significant improvement in the labor market for Latinos in 2005-06 and indicate that the jobs recovery from the recession in 2001 is nearing completion for Hispanic workers.

Foster Farms announced the return of the company’s popular Foster Imposters in a new advertising campaign developed specifically for the Latino community.

The Interactive Advertising Bureau (IAB) culminated the MIXX Conference and Expo with the Interactive industry’s annual MIXX Awards. The MIXX Awards celebrates the teams and talent that push Interactive to unprecedented levels, across the full spectrum of Interactive platforms including the newly added broadband video and in-gaming categories as well as existing categories such as branding, direct response, mobile, iPTV, search, viral and others.

Enlace Communications, Inc. created the first place winning entry at the National Association of Multi-ethnicity in Communications’ (NAMIC) 2006 Excellence in Multicultural Marketing Awards (EMMA’s). The campaign, “You are the Champion”, was created around the broadcast of the World Cup for the Univision Television Network.

The Five O’Clock Club, recently conducted a survey among Human Resource professionals to discover how they felt about the way terminations were handled at their organizations. The results were striking.

This is an excerpt from the September 2006 report “The Multicultural Marketing Equation” part of the Florida State University AOL/DMS Multicultural Marketing Project. Respondents reported the approximate amount of time they spend per week using new communication related technologies. These included a) Speaking on a cellular phone, b) Listening to CDs, c) Listening to MP3s or an iPod, d) Playing electronic games, and for comparison purposes we also included e) On outdoor activities.

Today Jerry Perenchio will present the Haim Saban’s bid of $12.3 billion for the company to the Univision Board of Directors for approval.

Nielsen Media Research reported that average American television viewing continues to increase in spite of growing competition from new media platforms and devices, such as video iPods, cell phones and streaming video. During the 2005-2006 television year, which ended on September 17, 2006, traditional in-home television viewing continued to hold its own with audiences, and even gained among technology-savvy teenagers.

The Federal Communications Commission ordered its staff to destroy all copies of a draft study that suggested greater concentration of media ownership would hurt local TV news coverage, a former lawyer at the agency says.

The Wm. Wrigley Jr. Company has selected The Bravo Group as agency of record for Hispanic creative and promotional marketing efforts in the United States.

The selection of Bravo comes after a decision to review and consolidate all U.S. Hispanic creative and promotional marketing initiatives for the Wrigley brands and the new confectionery brands recently acquired from Kraft.

In 2006, US ethnic communities account for one-third of every dollar spent on consumer telecommunications services, according to a new market research study from The Insight Research Corporation. The largest minority group, Hispanics, representing nearly 44 percent of the US minority population, spend the most. The ability to tap into the increased spending power of the Hispanic-American, African-American, and Asian-American communities will be crucial to the survival of telecommunications providers over the next five years.