The Univision Board of Directors and the management team are exploring “strategic options,” including a sale, a year after CEO Vince Sadusky took over the reins of the company.
Since replacing CEO Randy Falco, Sadusky has implemented a reorganization plan and adjusted the company’s strategy to refocus on its core Spanish-language media business.
Those efforts says Sadusky in a statement, has made Univision “strategically, operationally and financially strong” and “ideally positioned” the broadcaster “for continued growth on its own or with a partner.”
Univision has hired financial advisors to assist with the process.
