Jerrold Perenchio is letting go, and Haim Saban is taking over, now that the FCC has approved the sale of Univision in a stock deal that will move the USA's largest Hispanic broadcaster over to an ownership groups comprised largely of private equity companies. As reported, the FCC granted the transaction with the condition that the company pay an extraordinarily high fine of 24M for failing to meet its children's educational programming obligation. However, the 24M figure pales in comparison with the 13.7B in estimated value for the transaction. RBR/TVBR attributed 10.4B of that to the television properties and 3.3B to the radio side. The acquiring group, paying $36.25 per share, identified under the umbrella Broadcasting Media Partners Inc. and includes Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners, and Saban Capital Group. Joe Uva, who will become CEO at closing (expected by month's end), said, "Univision is the fastest growing media company in the country. I am very excited to begin working with the Company's strong leadership team, talented employees, and partners to build on the great success for which Univision is so well known. Following the transaction, Univision will remain committed to providing the absolute best in Spanish-language information and entertainment while building on Univision's unique connection with its audience and continuing to serve the rapidly growing U.S. Hispanic community."
Station list
This is the list from documents filed with the FCC as reported in RBR/TVBR's Transaction Digest
* WFTY-TV, WFUT-TV, WXTV-TV, WADO-AM, WCAA-FM & WZAA-FM New York (Smithtown NY, Newark NJ, Paterson NJ, New York, Newark NJ, Garden City NY)
* KMEX-TV/KTNQ-AM/KLVE-FM, KFTR-TV, KRCD-FM, KRCV-FM & KSCA-FM Los Angeles (Los Angeles, Ontario, Inglewood, West Covina, Glendale CA)
* WRTO-AM, WVIX-FM/WGBO-TV, WXFT-TV, WOJO-FM, WPPN-FM & WVIV-FM Chicago (Chicago, Joliet, Aurora, Evanston, Des Plaines, Highland Park IL)
* WUVP-TV Philadelphia (Vineland NJ, + one Class A TV)
* WUTF-TV Boston (Marlborough MA)
* KDTV-TV/KSOL-FM, KFSF-TV, KLOK-AM/KBRG-FM, KVVZ-FM & KVVF-FM San Francisco-San Jose (San Francisco, Vallejo, San Jose, San Rafael, Santa Clara + one Class A TV)
* KUVN-TV, KSTR-TV, KFLC-AM/KLNO-FM, KDXX-FM, KESS-FM & KFZO-FM Dallas-Fort Worth (Garland, Irving, Fort Worth, Benbrook, Lewisville, Denton TX + one Class A TV)
* WFDC-TV Washington DC (Arlington VA)
* WUVG-TV Atlanta (Athens GA)
* KLAT-AM/KLTN-FM, KXLN-TV, KFTH-TV, KOVE-FM, KPTI-FM, KPTY-FM & KRTX-AM Houston (Houston, Rosenberg, Alvin, Galveston, Crystal Beach, Missouri City, Rosenburg-Richmond TX)
* WFTT-TV Tampa-St. Petersburg FL (Tampa FL)
* KLNV-FM/KLQV-FM San Diego CA
* KTVW-TV, KFPH-TV, KHOT-FM, KHOV-FM, KQMR-FM, KOMR-FM & KKMR-FM Phoenix (Phoenix, Flagstaff, Paradise Valley, Wickenburg, Globe, Sun City, Arizona City AZ + six Class A/LPTVs)
* WLII-TV, WSUR-TV/WUKQ-AM, WKAQ AM & FM & WUKQ-FM Puerto Rico (Caguas, Ponce, San Juan, Mayaguez) plus pending acq. of WAEL-AM Mayaguez PR
* WQHS-TV Cleveland
* WLTV-TV/WAQI-AM/WQBA-AM/WAMR-FM, WAMI-TV & WRTO-FM Miami-Ft. Lauderdale (Miami, Hollywood, Goulds)
* KTFD-TV Denver-Boulder CO (Boulder CO)
* KTFK-TV, KUVS-TV Sacramento-Stockton-Modesto (Stockton, Modesto + two Class A TVs)
* WOTF-TV Orlando-Daytona Beach-Melbourne (Melbourne)
* WUVC-TV Raleigh-Durham NC (Fayetteville NC + one LPTV)
* KUTH-TV Salt Lake City UT (Provo UT) plus pending acq. of KUTF-TV Logan UT and one LPTV
* KWEX-TV/KCOR-AM/KROM-FM/KXTN-FM/KAHL-AM, KCOR-FM, KLTO-FM & KBBT-FM San Antonio TX (San Antonio, Comfort, Cuero, Schertz TX + three Class A/LPTVs)
* KISF-FM, KLSQ-AM & KRGT-FM Las Vegas (Las Vegas, Whitney, Indian Springs NV)
* KAKW-TV, KNIC-TV & KINV-FM Austin TX (Killeen, Blanco, Georgetown TX + one Class A TV)
* KTFQ-TV/KJFA-FM, KKRG-FM/KKSS-FM, KQBT-FM & KIOT-FM Albuquerque (Albuquerque, Santa Fe, Rio Rancho, Los Lunas NM)
* KUVE-TV & KFTU-TV Tucson (Green Valley, Douglas AZ) + three Class A/LPTVs)
* KGBT-FM & KGBT-AM/KBTQ-FM McAllen-Brownsville-Harlingen TX (McAllen, Harlingen)
* KFTV-TV/KRDA-FM, KOND-FM & KLLE-FM Fresno-Visalia (Hanford, Clovis, North Fork CA + three Class A/LPTVs)
* KSQL-FM Monterey-Salinas (Santa Cruz CA)
* KUVI-TV Bakersfield CA
* KAMA-AM, KBNA AM & FM El Paso
* KQBU-FM Beaumont-Port Arthur TX (Port Arthur TX)
* KHCK-FM Waco TX (Robinson TX)
* KAJZ-FM Llano TX
