Televisa in Talks with Rival Univision Bidder

SUN VALLEY, July 13: At Allen & Company’s Sun Valley
media conference this week, senior Televisa executives reportedly met with
representatives from the consortium that is in the process of buying Univision
about the possibility of retaining its stake in the U.S. Hispanic broadcaster.

Televisa announced last week that it was prepared to offload
its 11.4 percent Univision stake after failing in its bid to acquire the
company with a group of private equity firms. Televisa
offloading its stake would release it from a 1996 contract with Univision chief
and current majority shareholder A. Jerrold Perenchio barring it from exploring
rival opportunities in the U.S. market. However, the programming agreement
Televisa has with Univision will remain valid until 2017.

According to the New York Times, representatives for
Televisa at the meeting included Emilio
Azcárraga, Televisa’s chairman, president and CEO; and executive VPs
Alfonso de Angoitia and Bernardo Gómez. From the winning consortium, which
includes Madison Dearborn Partners, Providence Equity Partners, the Texas
Pacific Group, Thomas H. Lee Partners and Haim Saban, the representative was
Jonathan M. Nelson, founder of Providence Equity Partners.