Televisa and Univision
Televisa has an ongoing relation with the US Univision network, dating back to the 1960s, when Univision's predecessor, the Spanish International Network (SIN), was owned by Telesistema Mexicano, Televisa's predecessor. In 1986, Televisa became embroiled in a scandal with the SIN network news. The management wanted to produce and broadcast a newscast with Jacobo Zabludosky out of Miami. Half of the staff walked out of their jobs alleging Jacobo Zabludosky was a puppet of the Mexican Government who had soft views on Castro's Cuba. The Televisa management was dumbfounded, they decided to move the now renamed Univision Network's HQ to Laguna Niguel, outside of Los Angeles to produce their shows from there including their beleaguered news division. They returned to Miami two years later.
Televisa has been a longtime provider of programming to Univision and its sister networks. However, in recent years, Televisa's relationship with Univision has become strained. It was involved in a dispute with Univisión over the censoring and editing of its programming as well as non-payment for transmission of its programming to Univisión's Galavisión and Telefutura networks. In one editing incident, an episode of Con Todo was not shown on Galavisión due to a host appearing in blackface, and the show did not return to the cable station for two years. A breach of contract lawsuit against Univisión by Televisa has also been filed.
When Univisión came up for sale, a group including Televisa inquired about taking an up to 25% ownership stake (the maximum allowed by US law for a foreign buyer). However, a group of U.S. private equity firms eventually gained control of Univision.
Televisa is also the former owner of Fonovisa music, which it sold in 2001 to Univision. Fonovisa is now owned by Universal Music (UMLE).
In October, 2010, Televisa agreed to take a 5% stake in Univision, which it can grow in the future, and to extend and expand the companies' long-term program license agreement. The new program license agreement will include Internet and mobile rights and cover key Mexican football (soccer) rights. The agreement will run through at least 2020, but more likely 2025 or later, compared with the previous deal's 2017 expiration.
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