Media Bureau Approves Univision Foreign-Ownership Request
The FCC Media Bureau granted Univision’s petition for a declaratory ruling allowing it to be foreign owned up to 25 percent and to increase up to 49 percent, said an order issued Tuesday. The order specifically allows the broadcaster to…
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be owned by Mexico-based Grupo Televisa, which already provides Spanish-language programming to Univision. The ownership arrangement has “the potential to encourage investment in the company from new sources and to encourage reciprocity in parts of Latin America,” the order said. “The Petitioners have also shown how grant of the application will further Univision’s service to the Hispanic community and other minority communities.” Univision doesn’t have to seek further FCC approval for Televisa’s ownership stake to rise to 49 percent, but would have to for larger portions or different foreign owners, the order said. Team Telecom signed off on the petition in November (see 1611280047).