Univision Communications on Thursday announced that it has extended the employment agreement of President and Chief Executive Officer Randy Falco through January 2018.

Chairman Haim Saban said that under Falco’ss leadership, Univision Communications has transformed into a multimedia company with 16 broadcast, cable and digital networks; 61 television stations; 67 radio stations; an array of online and mobile apps and products; and content creation facilities in Miami, New York and Los Angeles. “Since taking the helm in 2011, Randy has successfully guided Univision through a period of exceptional growth and innovation, adeptly navigating a climate of unprecedented industry change and positioning the company for the future,” said Saban in a news release.

Nancy Dahlberg