Univision begins selling parts.
July 1, 2007
As disclosed recently in their acquisition of Univision Communications by a consortium lead by the Saban Capital Group, they intended to sell-off certain non-core assets to help pay-down the debt for the acquisition of the company.
The first element to be sold id the Univision Music Group division which comprises of records labels Univision Records, Disa and Fonovisa. An auction for the sale of this division has commenced
On the block shortly are their non-core radio assets of Univision Radio.
Entravision Communications, which is the largest Univision Television affiliate group, is expected to have first shot at these non-core assets to help fill the void or up-grade in markets of interest to the company.
