, could result in a sale of the privately held Hispanic media giant, though other options are being considered.
Sadusky said the strategic review was not prompted by outside interest being expressed. “It really was triggered by the progress we’d made in transforming Univision and the recognition of the historic growth opportunity in Hispanic media,” he said. “It was a matter of changing our strategic focus and getting our company in a position where we are attractive,” Sadusky said.
Univision said it reduced debt by $68.5 million in the first six months of 2019, but the leveraged-buyout nature of the 2007 deal, as well as other strategic decisions since, still left $7.4 billion of debt on the books as of the end of 2018.
KinjaDeals Is there a special Kinja Deals code? I’ve had my eyes on a media conglomerate for a while, but the price has to be right.
KinjaDeals All the best deals
KinjaDeals Odd thing for KinjaDeals to tweet out.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »