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Tuesday, March 15, 2011

Uva Out As Univision President/CEO



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Uva steps down as president/ceo of univision. search underway.

Univision Communications has announced today that Joe Uva, President and Chief Executive Officer, has informed the Board of Directors that he has chosen not to renew his employment agreement in order to be able to seek other opportunities. Uva will exit at the end of his contract on April 2nd. Univision will commence a search process for a new CEO immediately. To ensure a smooth transition, Haim Saban will assume additional responsibilities in his role as Executive Chairman until a new CEO is appointed.

The Univision assets include Univision Network, one of the top five networks in the U.S. regardless of language and the most-watched Spanish-language broadcast television network in the U.S. reaching 95% of U.S. Hispanic Households; TeleFutura Network, a general-interest Spanish-language broadcast television network, reaching 85% of U.S. Hispanic Households; Galavisión, the country's leading Spanish-language cable network; Univision Studios, which produces and co-produces reality shows, dramatic series and other programming formats for the Company's platforms; Univision Local Media, which owns and/or operates 62 television stations and 70 radio stations in major U.S. Hispanic markets and Puerto Rico; Univision Interactive Media, which includes Univision.com, the leading Spanish-language Internet destination in the U.S., and Univision Móvil, the industry's most comprehensive Spanish-language suite of mobile offerings; and TuTv, U.S. outlet for pay television channels of Mexico-based Grupo Televisa. Headquartered in New York City, UCI has television network operations in Miami and television and radio stations and sales offices in major cities throughout the United States.

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