“Univision delivered solid operating and continuing financial improvement.”
Those words from CEO Vince Sadusky could be his last as the head of Univision Communications, as incoming chief executive Wade Davis will soon assume the role, following the close of the Searchlight/ForgeLight majority stake take in the media company focused on Hispanic consumers.
While closing remains on track for the transaction announced in February 2020, which sees the private equity firms assume the 64% ownership in Univision not held by Mexico’s Grupo Televisa, no date has been made public as to when that will take place.
When it does, Sadusky’s heir will be taking on an operation that saw its revenue dip by just 8% year-over-year in Q3, considering its non-television assets. How did Univision do it?