The financial terms of the deal were not disclosed. Lee Partners and Saban Capital Group — a. Vince Sadusky, the current CEO of Univision, will exit the company after the transaction closes, an insider knowledgeable with the deal tell TheWrap. Sadusky is 53 years old, so it will not be a retirement. Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years. We have made important moves—strengthened programming, secured many major distribution deals, closed our strongest Upfront in four years, divested non-core assets, and enhanced our news, sports, local and digital offerings.
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Univision plans to launch a public offering later this year, according to paperwork filed with the Securities and Exchange Commission on Thursday. The filing offers a deeper look at one of the most successful TV channels in the country — and also one of the least successful. The network has risen to become one of the most widely watched TV channels of any language. Univision has also been in the headlines recently thanks to its decision to cut ties with the Miss Universe Organization, which is partially owned by Donald Trump. The real estate mogul and Republican presidential candidate has said he plans to sue Univision for breach of contract and defamation. The paperwork did not indicate how much money Univision is looking to raise from its IPO.
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