UPDATE 1-Televisa, Univision content tie-up wins regulatory approvals - statement

Reuters
·1 min read

(Adds details on regulatory approvals, background)

MEXICO CITY, Jan 24 (Reuters) - Mexican broadcaster Televisa and U.S.-based Univision have received all necessary regulatory approvals to merge content and production into a new company, Televisa said in a statement on Monday.

The two broadcasters announced last year a plan to create a new firm called Televisa-Univision, which will feature Spanish-language video content from both companies as well as a steaming video platform.

The companies have said the new firm will be the global leader in Spanish-language media and content.

The deal had been subject to regulatory approvals in the United States, which Televisa said were granted in the statement. Mexico's telecoms regulator IFT authorized the content tie-up last September, saying its analysis did not find anti-competitive effects.

Televisa-Univision is planning to launch a global streaming platform to appeal to Spanish-speaking consumers, which will compete against the sector's established giants, including Netflix Inc and Disney Plus. (Reporting by Mexico City Newsroom and Cassandra Garrison; Editing by David Alire Garcia, Kirsten Donovan)

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Why Position Size Was An Important Element Of Trade Risk On Dell

    Dell shows how we made that adjustment as the market fell into a correction. As market indexes corrected at the beginning of April we shifted our exposure on SwingTrader to try to stay on the right side of the trend. Dell Technologies had a very different look from the indexes.

  • Why you might have heard Paul Simon’s ‘The Sound of Silence’ at Spanish Mass

    Among his first memories of church in the 1970s in Villa Serrano, a town in the Bolivian region of Chuquisaca, Cuellar remembers singing a specific version of the Our Father. At the time, Cuellar thought it was written by a priest.

  • QPR seal Championship survival and Leicester promoted to Premier League as R's beat Leeds

    Whites open door for Ipswich to snatch second automatic spot

  • Championship promotion permutations: Who can seal top-flight status and who can qualify for play-offs

    Leeds lose at QPR as pressure rises

  • Biden officials indefinitely postpone ban on menthol cigarettes amid election-year pushback

    WASHINGTON (AP) — President Joe Biden’s administration is indefinitely delaying a long-awaited menthol cigarette ban, a decision that infuriated anti-smoking advocates but could avoid a political backlash from Black voters in November. In a statement Friday, Biden’s top health official gave no timeline for issuing the rule, saying only that the administration would take more time to consider feedback, including from civil rights groups. “It’s clear that there are still more conversations to have

  • The Best and Worst Looks of the NFL Draft 2024

    Breaking down the many silk suits and diamond necklaces of the NFL draft.

  • Military veteran charged with attempting to make ricin to remain jailed

    Russell Vane, 42, of Vienna, Virginia, was arrested two weeks ago after authorities searched his house and found traces of ricin along with lab equipment and castor beans, from which ricin is derived, in a laundry room in a home he shares with his wife and two young children, according to court papers. Subsequent tests confirmed the presence of ricin, according to court records.

  • The FTC accuses Amazon of using Signal’s auto-deleting messages to erase evidence

    As part of its antitrust suit against Amazon, the FTC accused the company of using Signal’s disappearing messages feature to conceal communications.

  • Severe weather, including tornado threat, expected to impact the Heartland

    Twenty million Americans, from Texas to Iowa, are on alert Friday for tornadoes, large hail and damaging winds. The highest tornado threat exists from the Dallas region north to Des Moines, Iowa. The rest of the Plains -- including Tulsa, Oklahoma; Little Rock, Arkansas; and Dallas -- could see damaging winds, large hail and an isolated tornado.

  • Leicester’s immediate Premier League return has been built on Enzo Maresca’s unwavering ‘idea’

    Mission accomplished for Leicester City and Enzo Maresca and, while it was never admitted publicly, promotion was non-negotiable this season.

  • Fed decision, Big Tech earnings: What to watch

    As Yahoo Finance coverage draws to a close for the week, here are the events to watch for next week. Federal Reserve Chair Jerome Powell is set to announce a highly anticipated decision on monetary easing policy on Wednesday. Market participants are hoping for a potential rate cut. The earnings season continues, with a multitude of companies slated to release their first quarter results. Tech giants Amazon (AMZN), Apple (AAPL), and Qualcomm (QCOM) will take center stage. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith

  • Salernitana relegated from Serie A after blanking from Frosinone

    FROSINONE, Italy (AP) — Salernitana was relegated from Serie A after going down at Frosinone 3-0 on Friday. The Salerno club has only two wins in 35 league games and was bottom of the table. The win was vital for Frosinone, one of at least seven teams fighting not to be one of the two other clubs that joins Salernitana in the second tier next season. Frosinone was three points above third-to-last Udinese and five ahead of second-to-last Sassuolo. Both teams have a game in hand. Frosinone went ah

  • Migrant children between 6 and 13 years old rescued from sinking raft, Coast Guard says

    One adult on the raft jumped off the raft and swam back to Mexico, officials said.

  • Feds announce ambitious plan to build 250K homes on public lands

    The Government of Canada is opening up its portfolio of properties to provide land for the building of more homes for Canadians. The Public Lands for Homes Plan was announced in Kingston today, Wednesday, Apr. 24, 2024, when Kamal Khera, Minister of Diversity, Inclusion and Persons with Disabilities, was in the city to meet with Mark Gerretsen, Member of Parliament (MP) for Kingston and the Islands. The announcement occurred over the noon hour after the minister toured 1318 Princess Street, one

  • Funnel Cloud Spotted Near Waco During Tornado Warning

    The National Weather Service (NWS) issued a tornado warning for parts of Waco, Texas, on Friday, April 26.Diana King captured this footage of a funnel cloud swirling in China Spring, about 10 miles northwest of Waco. She told Storyful it’s “not uncommon to get a tornado warning around this area, but it was neat to actually see the tornado.”“It was not on the ground for long and dissipated quickly,” King said.The NWS urged residents of central and north-central Texas to prepare for severe weather through Friday evening. Credit: Diana King via Storyful

  • Emergency slide falls off Delta plane after takeoff

    The emergency exit slide fell off a Delta Airlines jet after taking off from New York en route to Los Angeles on Friday, Delta said. Delta said that crew on the flight, which had 183 people on board, declared an emergency and returned to John F. Kennedy International Airport, that it "supporting retrieval efforts." “As nothing is more important than the safety of our customers and people, Delta flight crews enacted their extensive training and followed procedures to return to JFK," the airline said.

  • Rooting for Trump to fail has made his stock shorters millions

    NEW YORK (AP) — Rooting for Donald Trump to fail has rarely been this profitable. Just ask a hardy band of mostly amateur Wall Street investors who have collectively made tens of millions of dollars over the past month by betting that the stock price of his social media business — Truth Social — will keep dropping despite massive buying by Trump loyalists and wild swings that often mirror the candidate’s latest polls, court trials and outbursts on Truth Social itself. Several of these investors

  • Florida's Bob Graham remembered as a governor, senator of the people

    Former Democratic Gov. and U.S. Sen. Bob Graham was remembered Friday by Republicans and Democrats alike as a man whose love for people and his state of Florida transcended partisanship, many of them smiling with memories of his five decades in politics as they passed by his casket in the historic old Capitol. A bouquet of white flowers sent by President Joe Biden and his wife, Jill, was alongside the coffin, as Graham's wife, Adele, and four daughters greeted hundreds of mourners. “The true feeling of really loving him — that is something that has meant so much to so many people,” said one daughter, former U.S. Rep. Gwen Graham, during a private moment away from the crowd.

  • Dying black man told police ‘I can’t breathe’

    Ohio police have released a video showing a black man – who later died – telling officers he cannot breathe as they pin him down after he fled a car crash.

  • The Week in Fashion: Schiaparelli Debuts Their First Sneaker

    All the fashion news you need to know for the week of April 26, from Schiaparelli’s first sneaker to a new luxury boutique in Dumbo.