Searchlight Capital Partners, LP (“Searchlight”), a global private investment firm, ForgeLight LLC (“ForgeLight”), an operating and investment company focused on the media and consumer technology sectors, and Grupo Televisa, S.A.B. (“Televisa”) a leading media company in the Spanish-speaking world, today announced the completion of Searchlight and
ForgeLight’s acquisition of a majority ownership interest in Univision Holdings, Inc. (“Univision”), the
leading Hispanic content company in the United States. In connection with the transaction Televisa will
maintain its ownership interest in Univision and will convert its warrants into common stock. Televisa will
also maintain its Program License Agreement and will continue to serve as an important strategic partner
to the company’s new majority owners.
Wade Davis, media industry veteran and CEO and founder of ForgeLight, also assumed the role of
Univision CEO, effective as of the closing of the transaction. Led by Davis and benefitting from his
extensive expertise in managing the growth and transformation of large-scale media enterprises,
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, one of
the most important consumer groups in the United States. Building upon its established leadership in
Spanish-language media, Univision will also seek new opportunities to innovate and accelerate growth by
creating new market-defining content for the next generation of Hispanic viewers, expanding its portfolio
of advertising products and enhancing its digital presence.
“I am honored to be partnering with Searchlight and Televisa to begin this exciting new era for Univision,”
said Mr. Davis. “Televisa’s strategic insight and global content leadership, coupled with Searchlight’s
tremendous experience as a long-term media investor, will help us fully realize Univision’s potential as
the leading Hispanic content company in the United States. Univision’s recognized and trusted brand, its
consistent performance, and its leadership serving an important and growing consumer audience give us
an unmatched opportunity to achieve even greater success.”
Davis added: “I want to thank Vince Sadusky and the entire team for their work to refocus our strategy on
the company’s deep roots in the U.S. Hispanic community and for building a robust platform to support
future innovation. I am proud to inherit leadership of such an incredible team, and I know that together
we can create even greater value for our advertisers, distributors and investors, and, most importantly,
create innovative and compelling content for our audiences. This is a pivotal moment in Univision’s rich
history, as the company plays an increasingly important role in educating audiences about key issues
relevant to the Hispanic community and encouraging and elevating the dialogue on social justice and
equality, while also continuing to provide entertainment when viewers need it most. I couldn’t be more
excited to get started. I would also like to thank Haim Saban and all the prior owners for their stewardship
of this iconic business.”
Eric Zinterhofer, Founding Partner of Searchlight Capital, added: “We are delighted to complete this
transaction and look forward to partnering with Televisa, Wade and the leadership team to realize our
ambitions. We are confident that Univision’s strong content and leadership in serving the dynamic U.S.
Hispanic community positions the company for continued success.”
Bernardo Gomez and Alfonso de Angoitia, Co-Chief Executive Officers of Televisa, said: “We are excited
to be part of this new phase of Univision. Wade’s leadership and Searchlight’s support are the catalysts
that Univision needs to solidify its position as the leading Spanish-language media organization in the
United States in light of the rapid changes that the industry is facing. We are looking forward to an even
closer collaboration with Univision to help it implement the many transformational initiatives that Wade
has set out to achieve. We would also like to thank Haim Saban for his leadership and dedication to
Univision all these years.”
Recent highlights showcasing Univision’s momentum include:
• Univision was ranked as the number one primetime television network, regardless of language,
amongst Adults aged 18-34 from May 25, 2020 to September 6, 2020, including a 14-week streak
at number one on all of broadcast television, again regardless of language;
• In the most recently completed quarter, Univision was the only U.S. television network to
appreciably grow viewership;
• UniMás, Univision’s second broadcast network, was the fastest-growing broadcast network in all
of television during the third quarter; and
• Univision’s digital assets continue to achieve double-digit year-over-year video growth.
As previously disclosed, under the terms of the acquisition, investors including Searchlight and ForgeLight
purchased an approximately 64 percent ownership interest in Univision from an investor group including
Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital
Group. Televisa has retained its approximate 36 percent stake in Univision’s fully diluted equity capital.
Televisa’s Program License Agreement with Univision will remain in effect in accordance with its terms.
The agreement, which is one of Univision’s most strategic assets, provides the company exclusive access
to the largest Spanish-language video library in the world.
About Univision
As a leading Hispanic media company in the U.S., Univision Communications Inc. entertains, informs and
empowers U.S. Hispanics with news, sports and entertainment content across broadcast and cable
television, audio and digital platforms. The company’s top-rated media portfolio includes the Univision
and UniMás broadcast networks, as well as the cable networks Galavisión and TUDN, the No. 1 Spanishlanguage sports network in the country. Locally, Univision owns or operates 61 television stations in the
United States. Additionally, Uforia, the Home of Latin Music, encompasses 58 owned or operated radio
stations, plus 89 affiliates, a live event series and a robust digital audio footprint. The company’s
prominent digital assets include Univision.com, streaming service Univision Now, the largest Hispanic
influencer network, and several top-rated apps. For more information, visit
https://corporate.univision.com.
About Searchlight
Searchlight Capital Partners is a global private investment firm with over $8 billion in assets under
management with offices in New York, London and Toronto. Searchlight seeks to invest in businesses
where their long-term capital and strategic support accelerate value creation for all stakeholders. For
more information, please visit https://www.searchlightcap.com.
About ForgeLight
ForgeLight is an operating and investment company focused on the media and consumer technology
sectors founded in 2019 by Wade Davis. ForgeLight directly operates or provides dedicated operating
support to its companies.
About Televisa
Televisa is a leading media company in the Spanish-speaking world, an important cable operator in Mexico.
and an operator of a leading direct-to-home satellite pay television system in Mexico. Televisa distributes
the content it produces through several broadcast channels in Mexico and in over 70 countries through
25 pay-tv brands, television networks, cable operators and over-the-top or “OTT” services. In the United
States, Televisa’s audiovisual content is distributed through Univision Communications Inc. (“Univision”),
a leading media company serving the Hispanic market. Univision broadcasts Televisa’s audiovisual content
through multiple platforms in exchange for a royalty payment. In addition, Televisa has equity
representing approximately 36% on a fully-diluted basis of the equity capital in Univision Holdings, Inc.,
the controlling company of Univision. Televisa’s cable business offers integrated services, including video,
high-speed data and voice services to residential and commercial customers as well as managed services
to domestic and international carriers. Televisa owns a majority interest in Sky, a leading direct-to-home
satellite pay television system and broadband provider in Mexico, operating also in the Dominican
Republic and Central America. Televisa also has interests in magazine publishing and distribution,
professional sports and live entertainment, feature-film production and distribution, and gaming.
:
