More Problems for UNI...

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Mark J.

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Nov 18, 2008, 11:37:01 AM11/18/08
to TVorNotTV
The dominant Spanish-language network lost $2.9B in the third quarter,
still has to pay off $10B in debt from the leveraged buyout that made
an investment group headed by schlockmeister Haim Saban the net's
owners--and in January a suit by Mexican TV giant Televisa trying to
get out of the exclusive programming contract with UNI and sister
channels TeleFutura and Galavision (which runs until 2017) goes to
court--and the channels are so dependent on Televisa's programming
(especially those novelas) that if it wins, UNI could go under:

http://www.latimes.com/business/la-fi-univision18-2008nov18,0,7094033.story
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