But on Tuesday, the FCC ruled that it’s ok for Televisa to own up to 49% of Univision, claiming that the foreign investment will help bring more sources of capital to the U.S. Spanish-language network and further its “service to the Hispanic community and other minority communities and advance its empowerment initiatives.”
This ruling comes six years after Televisa made a $1.2 billion investment in Univision.
You can read more details about the Televisa-Univision ruling and its impact on Forbes.