Lenard Liberman Completes His Boricua Univision Spin Snag


In late August, RBR+TVBR first reported on the reemergence of a Hispanic media company founder who lost control of the entity that wound up in bankruptcy protection, only to reemerge under a new name under CEO Peter Markham.

LBI Media founder Lenard Liberman, for a song, was snagging required divestitures tied to the arrangement that gave majority ownership of Univision Communications to private investment firm SearchLight Capital Partners and ForgeLight, an operating and investment company focused on media and consumer technology.

That spinoff deal, brokered by Kalil & Co., has now closed.

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