The Spanish-language network has been struggling in recent years and the decision to hang a "for sale" sign is not a surprise, reports Variety, which adds: "The once-dominant Spanish-language TV network in the U.S. has faced tougher competition for most of the past decade from Telemundo, which is part of NBCUniversal. Univision had pursued a public offering in 2017 but it had to be withdrawn because of the company’s underwhelming financials and the general turbulence in the traditional media sector."
TOPICS: Univision