John Malone Weighing Investment in Univision (Report)
Liberty Media CEO John Maffei reportedly discussed the possibility with Univision directors Haim Saban and Jonathan Nelson at last week's Allen & Co. conference in Sun Valley, Idaho.
Media tycoon John Malone is considering an investment in Univision Communications, the Spanish-language TV company that hasn't had much luck in its multiyear effort at an initial public offering.
According to a report in The Wall Street Journal on Wednesday, Malone and Liberty Media CEO John Maffei discussed the possibility with Univision directors Haim Saban and Jonathan Nelson at last week's Allen & Co. conference in Sun Valley, Idaho.
Malone's media assets already include large stakes in Liberty Media, Liberty Global, Liberty Interactive, Lionsgate/Starz, Sirius XM Radio and Discovery Communications, the latter of which is reportedly considering a merger with Scripps Networks Interactive, home to HGTV and the Travel Channel.
Univision's assets include its flagship TV network, along with Spanish-language radio properties and Fusion Media Group, which consists of a plethora of English-language digital properties like Deadspin, Gizmodo, Jezebel and a stake in The Onion.
Univision had traded on the New York Stock Exchange until 2007 when it was sold to a consortium of private equity firms, including Thomas H. Lee Partners, TPG Capital, Providence Equity Partners, Madison Dearborn Partners and Saban Capital Group.
In May, Univision posted a quarterly profit of $58.1 million, down from $66.7 million amid weak advertising, and CEO Randy Falco discussed consolidation in the TV business but avoided discussion of the long-planned IPO.
Falco also is known for generating a mountain of publicity for Univision over a feud with President Donald Trump, who complained of negative news coverage and who sued the network when it refused to air the Miss USA pageant when the pageant was owned by Trump in 2015.