New Stocks: Univision Communications
Univision operates a variety of major media assets for Spanish-speaking audiences through television, cable, radio and the Internet. Back in 2007, Univision went private in a deal worth $12.3 billion. The private equity sponsors included Madison Dearborn Partners, Providence Equity Partners, TPG Capital and Thomas H. Lee Partners.
Univision’s business has been running at a nice clip, lately. In the latest quarter, revenues increased by 10.1% to $692.7 million and adjusted operating income rose by 9.2% to $301.8 million. But there are some risk factors for potential investors to consider. One of the company’s top radio hosts, Piolion, recently departed, leaving the company without one of it’s biggest personalities.
But according to a report in Reuters, it looks like Univision could still be adding to the list of new stocks in the second half of 2014.