FCC Permits Increased Foreign Investment In Univision - Quick Facts

(RTTNews) - The Federal Communications Commission has granted the petition filed by Univision Holdings Inc. and Grupo Televisa, S.A.B. requesting the FCC to permit foreign ownership of Univision in excess of the 25 percent benchmark. The ruling allows aggregate foreign equity and voting interest in Univision Holdings, Inc. to exceed 25 percent and to increase up to and including 49 percent.

The Petitioners requested the declaratory ruling in anticipation of Univision's expected IPO, which may result in increased foreign investment, and to facilitate exercise of the Televisa warrants and any additional associated investment from Televisa.

Televisa, a Mexican corporation that is publicly traded on the New York stock exchange, is a producer of Spanish language programming and a long time program provider to Univision and its affiliated stations. Televisa provides 35 percent of Univision's broadcast programming. The Petitioners claimed that the increased foreign investment will serve the public interest, because it will allow Univision to strengthen its partnership with Televisa.