Hispanic TV Gets Crowded

News Corp. is teaming up with a Colombian television broadcaster to create a Spanish-language broadcast network for the US, attempting to challenge Univision and Comcast's Telemundo. MundoFox, owned by News Corp.'s Fox International Channels and Colombia's RCN Television SA, reflects a rush by media companies to cash in on the booming U.S. Hispanic population—one of the few significant growth opportunities for media companies in the US. The TV dial already is crowded with dozens of Spanish-language networks.