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Stock impact report

EXCLUSIVE-Spanish-language Hemisphere Media Group explores sale -sources [Reuters]

Grupo Televisa S.A.B. (TV) 
US:NYSE Investor Relations: televisair.com
Company Research Source: Reuters
The sale deliberations come amid a wave of dealmaking in the Spanish-language TV industry. Hemisphere's bigger rival Univision Communications Inc agreed in April to merge with Grupo Televisa SAB's media assets in a $4.8 billion deal, amid competitive pressure from Comcast Corp's Telemundo. Hemisphere is working with advisers on the potential sale, which could attract other companies and private equity firms, the sources said. There is no certainty that any deal will be reached, the sources added, requesting anonymity to discuss the confidential matter. A spokesperson for Hemisphere declined to comment. Programming targeting Spanish-speaking viewers has become a key battlefield in the war for eyeballs among media companies, including Netflix Inc and Amazon.com Inc's prime service. The U.S. Hispanic population is expected to grow to 75 million by 2030 from 60.5 million in 2020. Hemisphere became the sole owner of Spanish-language streaming service Pantaya earlier this year, aft Show less Read more
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