Univision Sells Majority Stake to Investor Group

Former Viacom CFO Wade Davis will take over as CEO

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Mexican TV media company Televisa—which supplies programming to Univision’s properties—will retain a 36% stake in Univision. Univision

Spanish-language broadcaster Univison has sold a majority stake to an investment group led by Searchlight Capital Partners and ForgeLight.

@jasonlynch jason.lynch@adweek.com Jason Lynch is TV Editor at Adweek, overseeing trends, technology, personalities and programming across broadcast, cable and streaming video.