Univision to Pursue IPO in U.S.

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Univision Holdings, the owner of the Spanish-language cable television networks Univision and Galavisión, intends to pursue an initial public offering in the United States, according to a filing on Thursday with the Securities and Exchange Commission.

Univision, which is based in New York, operates television and radio networks for the Hispanic audience in the United States. Its television networks include Univision, Galavisión and the sports broadcaster Univision Deportes.

The company, which also operates several English-language brands, posted revenue of $2.91 billion in 2014.

Univision, while it did not say how many shares it intended to sell in the offering, said it hoped to raise $100 million — a nominal figure traditionally cited in registration statements in order to calculate registration fees. The final figure could be higher.

In 2007, Univision was acquired by a consortium of investors, including the private equity firms Madison Dearborn Partners and Thomas H. Lee Partners, along with Saban Capital Group, the investment firm established by the media billionaire Haim Saban.

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SOURCE: CHAD BRAY
The New York Times