The long-time marriage between Univision and Mexican program supplier Televisa may be on the rocks.
Despite growth at Univision’s millennial-targeted Fusion network, which recently bought Gawker and owns The Onion and The Root, Univision’s overall ratings have been in a trough, with rival Telemundo claiming top prime-time honors for the last six weeks. To combat the decline, Univision management has been pushing Televisa away from telenovelas to create content that will resonate with younger viewers, reports the Wall Street Journal.
Televisa’s tepid response has led to boardroom conversations at Univision that could mean a less robust arrangement, or a dissolution altogether, according to WSJ sources.
At stake is payments of $300 million in annual payments in a real that runs through 2030. Televisa also owns 10 percent of Univision.
Both Univision and Telemundo have significant offices and studios in Miami.