Grupo Televisa Sues Univision

GRUPO TELEVISA SUES UNIVISION
[SOURCE: Los Angeles Times, AUTHOR: Meg James]
Grupo Televisa, the world's largest producer of Spanish-language programming, filed a lawsuit Wednesday against Univision Communications Inc. seeking a declaration of its right to distribute its popular TV shows in the U.S. over the Internet. Univision and Televisa have long been at odds over whether a 1992 programming agreement, which gives Univision the U.S. television broadcasting rights to Televisa's programming, covers Internet downloads. The suit, filed in Los Angeles County Superior Court, came less than a month after Mexico City-based Televisa lost the bidding for Univision, the dominant Spanish-language media company in the U.S. Instead, Univision's board accepted a $12.3-billion offer by a group of private investors that includes billionaire media baron Haim Saban. The suit could give Televisa, which owns 11% of L.A.-based Univision, ammunition to negotiate higher programming fees from the consortium, which also includes Providence Equity Partners, Madison Dearborn Partners, Thomas H. Lee Partners and Texas Pacific Group.
http://www.latimes.com/business/printedition/la-fi-televisa20jul20,1,2150372.story?coll=la-headlines-pe-business
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