Univision

Univision Logo / Source Univision.com [3]

Los Angeles
5999 Center Drive
Los Angeles, CA 90045
(310) 348-3434

New York
605 Third Avenue
New York, NY 10158
(212) 455-5200

Miami
9405 NW 41 Street
Miami Florida 33178
(305) 471-3900

http://www.univision.com/


“Todos estamos con Univision” 

“We are all with Univision” 

ABOUT 

Source: Univision.com

Source: Univision.com [14]

Univision is the leading Spanish-language multimedia company in the United States with a network outreach of 94.1 million households. It’s the fifth largest overall network in the country and consistently outperforms English-language broadcast networks two out of every three nights a week and averages 1.4 million adults in the 18-49 primetime age group. The company is multiplatform and owns several digital properties, like TheFlama.com, Unvision.com, UnivisionDeportes.com and La Fabrica. English-language partnerships include Fusion, which caters to the millennial audience, Flama, an online media platform comparable to Buzzfeed but built for a Hispanic audience, and Tejano filmmaker Robert Rodriguez‘s production company El Rey, based in Austin, Texas. [1]

HISTORY 

Rooted in an independent Spanish language station in San Antonio, Texas, Univision’s start can be traced back to 1955, when Raul Cortez started KCOR-TV on channel 41. After a change in call letters and  less-than-profitable start, Cortez sold KUAL-TV in 1961 to his son-in-law Emilio Nicolas, Sr. and Emilio Azcarraga Vidaurreta, a Mexican entertainment mogul. The two would go on to sign a second Spanish-language station in Los Angeles in 1962 and a third in Paterson, New Jersey in 1968, appealing and expanding to both west and east coast markets. These three stations became the Spanish International Network, the first network of its kind to broadcast in a language that’s not English in the United States. SIN would continue to expand throughout the country in the next 20 years, until 1987, when Nicolas divided and sold his share of the company to Hallmark Cards and Televisa, a Mexican mass media company and the largest media company in the Spanish-speaking world. It was through this negotiation that SIN rebranded and relaunched as Univision Communications Inc. [2]

KEY EXECUTIVES

Randy Falco, President and CEO

 Francisco Lopez-Balboa, Executive Vice President and CFO

Tonia O’Connor Chief Commercial Officer and President of Content Distribution

 


 

 

 

 

Jonathan Schwartz, Executive Vice President, General Counsel & Head of Government Relations, and Secretary

Jessica Rodriguez, Executive Vice President and Chief Marketing Officer

Kevin Conroy, Chief Strategy and Data Officer

All executive photos from same source. [18] 

UNIVISION PURCHASES STAKE IN THE ONION

The logo for Univision and acquired satirical news website The Onion / Source: CNNMoney [15]

On January 19, 2016, Univision announced its purchase of a 40-percent stake in the comedy and satirical media group The Onion. [4] The purchase comes at a time when Univision is looking to further its influence and appeal with millennial audiences, as executives of the company follow the trends of the current growing Hispanic population in the U.S. [5] With the country’s Hispanic population looking to double by 2050, this purchase was a headstart, a method of preparation, for the changing demographics of this country. [6] More Hispanics means more potential viewers and a younger audience as the numbers double. Upon making the decision to purchase a stake in The Onion, Univision felt comedy and satire was an especially powerful way to communicate with millennials, who, if like what both companies produce together, will create a central fanbase that will influence future generations. Largely, though, the company saw The Onion as a complement to Fusion, their news and entertainment faction geared towards young people, and as a method to develop new comedy television programs and Spanish/English comedy and satirical offerings. [7]

FUSION GOES SOLO 

Univision’s Fusion was originally created alongside Disney to reach young Hispanic viewers. / Source: Fusion.net [16]

After a three-year contract agreement, Walt Disney Co.’s ABC sold back their 50% stake in the Univision-ABC joint-venture cable network: Fusion. Launched in 2013, the venture was created to act as a multi-platform resource for young bilingual Latino’s heading into the professional world. In the years since, however, Fusion’s struggled to define its identity and place as a media entity, costing Univision $85.2 million in lost revenue alongside other start-up television network El Rey. Currently, Fusion is only available in 40 million homes across the U.S., a small market number compared to competitors and other networks owned by the company. Similarly, the channel isn’t distributed by both Time Warner Cable and Comcast Corp., limiting potential viewers and detracting larger advertisers. The deal took place on April 21, 2016 and information regarding the terms of the sale have yet to be released. [8]

UNIVISION VS. AT&T

Source: Univision.com [17]

Throughout March 2016 AT&T U-Verse and Univision engaged in a dispute over carriage rates which led to a blackout of Univision-owned locally stations on March 4. U-verse’s 5.6 million subscribers lost access to UniMás, Galavisión and Univision Deportes Network for six days, restoring national services to all households in time for the Univision-sponsored democratic presidential debate. In the dispute, Univision accused AT&T of discriminatory practices by not providing fair and equal compensation comparable to English-only broadcasters. Similarly, company grievances included AT&T refusing to recognize the purpose and importance of Univision and its place and appeal to United States television audiences. Jim Cicconi, AT&T’s Senior Executive Vice President of External and Legislative Affair’s, refuted the allegation, calling them “despicable” and “outrageous.” [9] The two media giants came to an agreement at the end of March and Univision was restored on all local and cable channels. The United States Hispanic Chamber of Commerce commended both AT&T and Univision for reaching an agreement and relaunching services, restating the importance of the network in a press release. [10] 


FINANCIALS

Univision is a privately traded company and has not yet released its 2016 quarterly earnings. However, a trend that should continue, as substantiated by their 2016 fourth quarter earnings, is a gain in subscriber fee and content licensing revenue. If the company continues to follow the trend set in 2015, overall earnings will increase at a minute percentages across all platforms. [11]


THE FUTURE

FUSION MEDIA GROUP 

After Univision’s recent acquisitions of The Onion and Fusion, the company announced the formation of the Fusion Media Group, a “multi-platform destination for the new, rising American mainstream.” The effort is a preparation to serve a rising generation of multiculturals who are rapidly approaching 40% of the total U.S. population. Fusion Media Group Will Include Fusion, The Onion, The Root, Flama, Univision Digital, Univision Music and El Rey. [12] 

LATINO VOTER EFFORT

In February Univision announced an effort to register 3 million Latino voters in time for the 2016 presidential election next fall. The effort, which extends to all of the company’s digital properties, will include engagements created by Fusion and The Root, a website that caters to an African-American audience and cultural issues. This summer, Univision will bring voter drives to the Copa América soccer tournament and run public-service announcements throughout the matches, expected to reach millions of potential viewers. The company looks to expand an online presence and has William Valdes, one of their most popular, and youngest, telenovela stars, is acting as a face of the Latino voter movement. [13]


[1] Univision Network – Univision. (n.d.). Retrieved April 24, 2016, from http://corporate.univision.com/media-property/univision-network/

[2] Univision Communications Inc. History. (n.d.). Retrieved April 24, 2016, from http://www.fundinguniverse.com/company-histories/univision-communications-inc-history/

[3] Univision Unveils a New Brand Logo, Signaling Transformation – Univision. (2012, December 17). Retrieved April 25, 2016, from http://corporate.univision.com/2012/10/univision-unveils-a-new-brand-logo-signaling-transformation/

[4] Steel, E. (2016, January 19). Univision Buys a Stake in The Onion to Reach Millennials. Retrieved April 25, 2016, from http://www.nytimes.com/2016/01/20/business/media/univision-buying-large-stake-in-the-onion.html?_r=0

[5] Baysinger, T. (2016, April 22). How The Onion Is Helping Univision Grow Beyond the Spanish-Language Market. Retrieved April 24, 2016, from http://www.adweek.com/news/television/how-onion-helping-univision-grow-beyond-spanish-language-market-171014

[6] Krogstad, J. M., & Lopez, M. (2015, June 25). Hispanic population reaches record 55 million, but growth has cooled. Retrieved April 25, 2016, from http://www.pewresearch.org/fact-tank/2015/06/25/u-s-hispanic-population-growth-surge-cools/

[7] Folkenflick, D. (2016, January 19). Area Satirical Publication The Onion Sold To Univision (Seriously). Retrieved April 25, 2016, from http://www.npr.org/sections/thetwo-way/2016/01/19/463535648/area-satiric-publication-the-onion-sold-to-univision-seriously

[8] James, M. (2016, April 21). Walt Disney Co.’s ABC sells its Fusion stake to Univision, exits joint venture. Retrieved April 25, 2016, from http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-disney-abc-ends-fusion-univision-20160421-story.html

[9] Lieberman, D. (2016, March 24). Univision Networks Return To AT&T’s U-verse While They “Finalize” Carriage Deal. Retrieved April 25, 2016, from http://deadline.com/2016/03/univision-networks-att-uverse-carriage-deal-1201725920/

[10] USHCC Commends AT&T and Univision for Relaunching Services. (2016, March 29). Retrieved April 25, 2016, from http://www.marketwired.com/press-release/ushcc-commends-at-t-and-univision-for-relaunching-services-2109830.htm

[11] Szalai, G. (2016, February 23). Univision Subscriber Fee Revenue Rises, and So Does Its Q4 Earnings. Retrieved April 25, 2016, from http://www.billboard.com/articles/business/6889307/univision-earnings-fourth-quarter-financials

[12]  Univision PR (2016, April 21). Univision Communications Inc. to Launch Fusion Media Group to Serve the Rising American Mainstream – Univision. Retrieved April 25, 2016, from http://corporate.univision.com/2016/04/univision-communications-inc-to-launch-fusion-media-group-to-serve-the-rising-american-mainstream/

[13] Corasaniti, N. (2016, February 22). Univision Aims to Make Hispanic Voting Bloc Even More Formidable. Retrieved April 25, 2016, from http://www.nytimes.com/2016/02/23/us/politics/univision-hispanic-voting.html

[14] Univision | The #1 place to reach Hispanic America. (n.d.). Retrieved April 25, 2016, from http://corporate.univision.com/

[15] Garcia, A. (2016, January 19). Univision invests in satirical news site The Onion. No joke. Retrieved April 25, 2016, from http://money.cnn.com/2016/01/19/news/companies/univision-invests-the-onion/

[16] Fusion. (n.d.). Retrieved April 25, 2016, from http://fusion.net/

[17] Univision Statement Regarding AT&T U-verse – Univision. (2016). Retrieved April 25, 2016, from http://corporate.univision.com/2016/03/univision-statement-regarding-att-u-verse/

[18] Executive Leadership | Univision. (n.d.). Retrieved April 25, 2016, from http://corporate.univision.com/corporate/executive-leadership/

Univision

by Veronica Ortiz
[1] Univision Logo

[1] Univision Logo

ABOUT UNIVISION

Univision, owned by Univision Communications Inc. (UCI), is the largest Spanish language broadcast television network in the country, catering almost exclusively to Hispanic audiences living in the United States and Puerto Rico. It boasts a reach of 97% of Hispanic households in America, being carried by more than 1,400 broadcast and cable affiliates. [2] [3] Supported by UCI, Univision’s Hispanic market research is unparalleled to any other network and, with an ever growing Hispanic community in the US, Univision expects an exponential growth for all of its properties. [4]

KEY EXECUTIVES

Randy Falco, CEO

Randy Falco, President and CEO [5]

Alberto Ciurana, President, Programming and Content, Univision Communications Inc. [6]

Alberto Ciurana, President, Programming and Content, Univision Communications Inc. [6]

FINANCES

As of October 2014, Univision Communications holds a revenue of $2.63 billion. Its third-quarter financials have seen an improvement from last year’s, mostly due to the World Cup adding $54.1 million in net advertising revenue. A year ago, Univision faced a loss of $15.9 million, but this year the earnings rose to $42.8 million. TV and digital properties lead the 5.2% increase to $728.9 million. Univision Communication’s TV unit increased 5.7% to $613.9 million in this third quarter. In conclusion, it has been a strong year for Univision overall, helped heftily by the World Cup and retransmission fees, but weighed down by a slightly down core advertising revenue and radio revenue. [7] [8]

 

POPULAR FRANCHISES AND PROGRAMMING

The great majority of Univision’s programming consists of telenovelas produced by Mexican mass media company Televisa. Sitcoms have a weaker presence in Univision’s programming, but it still produces a moderate amount of original programming.

NUESTRA BELLEZA LATINA

Nuestra Belleza Latina Logo [10]

Nuestra Belleza Latina Logo [10]

Nuestra Belleza Latina is a beauty show and reality contest where twelve women compete for a one year talent contract with Univision and for cash prizes. The show offers impressive ratings, and this year it made social media headlines by becoming the first show in English or Spanish to top the weekly buzz rankings on Facebook. [9]

THE LATIN GRAMMY

Latin Grammy Awards [11]

Latin Grammy Awards [11]

The Latin Grammy Awards is an annual awards show where the Latin Recording Academy recognizes outstanding Latin musical artists from around the world. The awards are broadcast in the U.S. by Univision. [11] The 15th Annual Latin Grammy Awards reached viewership of nearly ten million, with exemplary audience growth among the much coveted 18-34 demographic. Univision ranked as the No. 2 broadcast network for the evening of the Latin Grammy Awards, outperforming CBS, FOX and NBC. [12] [24]

SÁBADO GIGANTE

Sabado Gigante [13]

Sabado Gigante [13]

Sábado Gigante, a variety series, is Univision’s longest running program and the world’s longest running variety television show. It has been broadcast every Saturday evening and hosted by Mario Kreutzberger, better known as Don Francisco, since August, 1962. [13] A new three-hour episode is premiered each Saturday at 8pm with no reruns, really. [14] The show is known throughout every Hispanic household and has become a token of Hispanic culture.  In 2012, Sabado Gigante celebrated its 50 years of uninterrupted broadcasting. Below is a compilation of clips from Sabado Gigante, put together by Univision to celebrate the show’s 50 years. [15] [16]

 

 

NEW CROSS-PLATFORM CONTENT

Even with old, but reliable hits such as Sábado Gigante, Univision still looks to expand to services that will also target millenials. The company recently struck a deal with DirecTV to provide content for their Internet-delivered service targeted towards Hispanic audiences. [17] This year, Univision also launched their own English-language over-the-top service called The Flama. [18] Full episodes for some of Univision’s programming can be found in their portal UVideos. Heavy hitters ratings-wise for this season include:

MI CORAZÓN ES TUYO (MY HEART IS YOURS)

Ana, a dancer, becomes a nanny after meeting a wealthy widower, Fernando, with seven kids. [19]

Mi Corazon Es Tuyo

Mi Corazon Es Tuyo stars Silvia Navarro and Jorge Salinas [19]

The telenovela airs Monday through Friday on the 8pm-9pm time slot with strong ratings. It averaged 3.7 million viewers in the week of November 17-25, 2014, outperforming FOX in each demographic. [20]

HASTA EL FIN DEL MUNDO (UNTIL THE END OF THE WORLD)

Sofia takes the helm of her family’s successful chocolate manufacturing business after her father’s death. Even though she is engaged, she falls for her chauffeur, Salvador, who is also a race-car driver. [19]

Sofia from Hasta El Fin Del Mundo [23]

Hasta El Fin Del Mundo stars Marjorie de Sousa [19]

Hasta El Fin Del Mundo is a Mexican telenovela based on the Argentinian telenovela Dulce amor. In the 9pm-10pm slot, Hasta El Fin Del Mundo had 3.5 million viewers in the November 17-25, 2014 week. [20]

 

LA MALQUERIDA (THE BAD MISTRESS)

After the death of her husband, Cristina’s hacienda falls into disarray until a handsome man, Esteban, offers to help her. They quickly fall in love, much to the distaste of Cristina’s daughter Acacia, who leaves the hacienda, but returns twelve years later, now a beautiful young woman. The return of Acacia makes Esteban develop a secret passion for her.  [19]

La Malquerida

La Malquerida stars (left to right) Ariadne Diaz, Christian Meier and Victoria Ruffo. [19]

La Malquerida helped put Univision on No. 3 Monday-Friday on the 10pm-11pm time slot, outperforming CBS for the week of November 17-25, 2014.The telenovela brought 2.4 million viewers adults 18-49. [20]

 

 

IN THE NEWS

MASSIVE LAYOFFS FOR UNIVISION EMPLOYEES IN PUERTO RICO

After massive layoffs in Univision Puerto Rico, residents of the island formed a Facebook page calling for the boycott of Univision. Over 30,000 users have joined it.

After massive layoffs in Univision Puerto Rico, residents of the island formed a Facebook page calling for the boycott of Univision. Over 30,000 users have joined it. [23]

On Friday October 17, 2014, Univision gutted its news operations on the island of Puerto Rico, scrapping most of the programs produced locally and dealing a huge blow to the already poor state of media and journalism on the island. [21]

 Malule González was among those laid off and was replaced by Jaime Bauza. Promoted to senior vice president and general manager, Bauza will oversee Univision Puerto Rico, which includes Univision Canal 11, Tele Isla Canal 7 and the company’s radio properties. The reason why these layoffs happened has not yet been revealed, but some speculate that it is part of a strategy by Univision in the U.S. to make the company more appealing for sale. A positive note to this story has been Univision’s announcement of a request of proposals for new programming produced locally for 2015. [22]

SHORT-FORM TELENOVELAS

Novelas Xpress on UVideos [25]

Novelas Xpress on UVideos [25]

Novelas Xpress is Univision’s newest online service which will present 17 different abridged versions of popular telenovelas. Nine of these will be available on Hulu, while the rest will be distributed on UVideos.

The reason for this move could be attributed to the Hispanic audience’s propensity to consume content on mobile devices. According to the director of content acquisition at Hulu, Rodrigo Mazon, “The Latino audience on Hulu is approximately 40 percent more likely to consume video on mobile.” [24] In addition to providing content to their audiences in a format they want, they will also benefit heftily from ad revenues. According to Mazon, the popularity of Korean dramas on Hulu might also indicate American audience’s desire to consume non-american content. To this end, Novelas Xpress will also feature English subtitles for some of their telenovelas. [25]

 

SOURCES

[1] Univision.com – Últimas Noticias, Farándula, Novelas, Fútbol, Radio. (n.d.). Retrieved November 30, 2014.

[2] Forbes.com. Univision Communications. (n.d.). Retrieved November 30, 2014.

[3] Hoovers.com. (n.d.). Univision Communications Inc.Company Information. Retrieved November 30, 2014.

[4] Corporate Univision. (n.d.). Explore Hispanic Marketing Insights and Hispanic Research. Retrieved December 1, 2014.

[5] Randy Falco – Univision. (n.d.). Retrieved November 30, 2014.

[6] Alberto Ciurana – Univision. (n.d.). Retrieved November 30, 2014.

[7] Univision Communications Third-Quarter Financials Improve, CEO Talks Streaming – Hollywood Reporter. (n.d.). Retrieved December 1, 2014.

[8] Mahler, J. (2014, July 12). Biggest Scorer in World Cup? Maybe Univision (The New York Times) . Retrieved December 1, 2014.

[9] Flomenbaum, A. (2014, March 31). ‘Nuestra Belleza Latina’ Becomes First Show to Top Facebook’s Weekly Buzz Ratings. Retrieved December 1, 2014.

[10] Nuestra Belleza Latina. (n.d.). Retrieved December 1, 2014.

[11] Latin Grammy. (n.d.). Retrieved December 1, 2014.

[12] Kondolojy, A. (2014, November 21). 15th Annual Latin Grammy Awards Reaches Nearly 10 Million Viewers With Double-Digit Growth Among Adults 18-49 and Adults 18-34. Retrieved December 1, 2014.

[13] Sabado Gigante. (n.d.). Retrieved December 1, 2014.

[14] Longest Running TV Variety Show. (n.d.). Retrieved December 1, 2014.

[15] Luzardo, H. (2012, July 7). Don Francisco sobre ‘Sábado Gigante’: ‘No creo en sucesores’ Retrieved December 1, 2014.

[16]  Univision News – Sabado Gigante Turns 50! Take a Ride Down Memory Lane. (2012, October 25). Retrieved December 1, 2014.

[17] Grover, R., & Baker, L. (2014, September 11). Exclusive : Univision to provide content for DirecTV online service by year end. Retrieved December 1, 2014.

[18] Jarvey, N. (2014, April 17). Univision Launches Over-the-Top Network The Flama – Hollywood Reporter. Retrieved December 1, 2014.

[19] Univision Media Kit. (n.d.). Retrieved December 1, 2014.

[20] Bibel, S. (2014, November 25). Univision Beat One or More English-Language Network on 92 Percent of Nights Among Adults 18-34 in November Sweeps to Date. Retrieved December 1, 2014.

[21] Online Staff. (2014, October 17). Univision Guts PR News Operation – Caribbean Business. Retrieved December 1, 2014.

[22] Univision PR. (2014, October 17). Univision Puerto Rico Announces Executive Leadership & Programming Changes – Univision. Retrieved December 1, 2014.

[23] Worley-Lopez, F. (2014, October 21). Univision Layoffs Bury the Real Story in Puerto Rico. Retrieved December 1, 2014.

[24] Kuchinkas, S. (2014, June 12). Hulu Goes Big for Latino Content. Retrieved December 1, 2014.

[25] Univision PR. (2014, November 20). Univision Launches Novelas Xpress, New Short-Form Telenovela Format – Univision. Retrieved December 1, 2014.