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Univision acquired by two private equity firms

One of the country’s most well-known Spanish media companies has new owners.

Searchlight Capital Partners and ForgeLight LLC recently announced its acquisition of a 64% majority ownership interest in Univision Holdings, based in Miami. Media company Grupo Televisa will continue to maintain a 36% ownership interest and will maintain its program license agreement.

With the acquisition complete, ForgeLight founder Wade Davis becomes Univision’s CEO. Davis and his team plan to use Univision to deepen its relationship with the Hispanic community, according to a release. For its part, Univision will create new content for a new generation of Hispanic viewers by expanding its advertising products and enhancing its digital presence.

“I am honored to be partnering with Searchlight and Televisa to begin this exciting new era for Univision,” said Davis said in the release. “Televisa’s strategic insight and global content leadership, coupled with Searchlight’s tremendous experience as a long-term media investor, will help us fully realize Univision’s potential as the leading Hispanic content company in the United States. Univision’s recognized and trusted brand, its consistent performance, and its leadership serving an important and growing consumer audience give us an unmatched opportunity to achieve even greater success.”

Wade added that this is a “pivotal moment” for Univision, which he says “plays an increasingly important role in educating audiences about key issues relevant to the Hispanic community and encouraging and elevating the dialogue on social justice and equality, while also continuing to provide entertainment when viewers need it most.”

Wade now wields the numbers that Univision is well-known for. As the owner or operator of 61 stations in the country, Univision was ranked as the number one primetime television network, regardless of language, amongst adults aged 18-34 from May 25, 2020, to Sept. 6, 2020. Its second network UniMás was the fastest-growing broadcast network in all of television during the third quarter. Not to be forgotten is Univision’s radio reach: its Uforia arm covers 58 owned or operated radio stations, plus 89 affiliates, a live event series. Univision also has a streaming service Univision Now.

 

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.