Grupo Televisa, S.A. reported that it has made a filing with the SEC on Schedule 13D in which it announces, among other things, that it has sent a letter dated June 30, 2006, informing Umbrella Holdings, LLC, the group led by Providence Equity, that Televisa will not be rolling over its shares in Univision as permitted under the Merger Agreement between Univision and Umbrella Holdings.
Media
Yo soy Boricua, Pa’que tu lo sepas!.
“Yo Soy Boricua, Pa’que Tu Lo Sepas!” explores Rosie Perez’s burning question: why are Puerto Ricans so damn proud? Her journey through Puerto Rico’s history gains inspiration from the vibrant music, dancing and energy of the Puerto Rican Day Parade, and she uses this starting point to speak to Puerto Rican people about their identity and culture. We follow Rosie and her collaborators through New York, Miami and to Puerto Rico to document what it really means to be “Boricua.”
The Internet: Where the Money Is?
According to the new eMarketer report, Financial Services Online Marketing, the US financial services industry’s online ad spending will increase by 33.3% this year and it will reach $3.52 billion in 2010.
Radio chops a Minute Off each hour.
Radio stations in America have shaved a full minute off commercial loads, according to broadcast data company Media Monitors, LLC, in a new study revealed this morning at the annual Interep Radio Symposium held at Bear Stearns headquarters in New York City.
Grupo Televisa dissapointed with Univision Board action.
Grupo Televisa, S.A. is disappointed about the outcome of the Univision auction. Televisa stated that after repeated offers to discuss all aspects of the proposal including price, Univision and its advisers refused to enter into any discussions with Televisa after they submitted their initial bid. Televisa stated that they will vigorously pursue other options in the growing U.S. Hispanic marketplace.
Univision SOLD!
Univision Communications Inc. and a group including Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group, Thomas H. Lee Partners and Saban Capital Group, today announced they have signed a definitive agreement under which the group will acquire Univision for $36.25 per share in cash. The transaction is valued at approximately $13.7 billion, including the assumption of $1.4 billion in debt.
