Davis will be CEO. “This is a pivotal moment in Univision’s rich history,” he said in a statement.
In a deal announced in February, Searchlight and ForgeLight acquired 64% of Univision from an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. Televisa, Univision’s major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners.“We are excited to be part of this new phase of Univision.
Univision’s new leadership team plans to use the company’s extensive platform and strong pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community, “building upon its established leadership in Spanish-language media,” it said.Davis highlighted OTT opportunities. At Viacom , he helped integrate free streaming service Pluto TV, a highly successful acquisition.
Univision’s media assets include the Univision and UniMás broadcast networks, and cable networks Galavisión and Spanish-language sports net TUDN. The company owns or operates 61 television stations and 58 radio stations, has a live event series and a robust digital audio footprint along with its Univision.com website and streaming service Univision Now.