Is Univision Preparing a HQ Move From NYC To SoFla?


For decades, Univision Communications has maintained a strong presence in the Miami-Dade County, Fla., city of Doral. Here, it has television studios and office space on NW 36th Street, a stone’s throw from Miami International Airport. There’s also a spacious rented facility that is home to Univision Radio/Miami, and had been used for the Fusion cable TV network operation.

However, Univision’s corporate headquarters happens to be on Third Avenue between East 39th and 40th Streets, just southeast of Grand Central Terminal and the Chrysler Building in Midtown Manhattan.

According to media reports in South Florida, that’s about to change, with Univision’s headquarters set to head out of New York.

Specifically, Miami-Dade County leaders in early September signed off on $1.5 million in job creation incentives that would benefit an unnamed radio and television broadcasting company.

All signs point to Univision, which has not publicly commented on the reports.

However, this unnamed company has pledged to invest $50 million in new and personal property while creating 250 jobs at an estimated average annual salary of $150,000 — plus a benefits package of $15,000-$30,000 per employee.

Given the low salaries in South Florida compared to New York, California or Washington, D.C., that’s a sign that C-Suite positions are in play. And, it would be a cost savings bonanza for Univision’s new ownership.

The name being used in the documents seeking incentives is “Project Puma.”

That’s a name Univision has used in filings with both the U.S. Department of Justice and the FCC.

Univision has 1,250 employees in four Miami-Dade locations at present.