February 10, 2005

Univision Has New President

But the actual lede was buried by Bloomberg, so I'm highlighting it in bold-type:

    Univision Communications Inc., the nation's largest Spanish-language television and radio broadcaster, said Wednesday that it had promoted Ray Rodriguez to president and chief operating officer, effective immediately.

    He will still report to A. Jerrold Perenchio, 73, chairman and chief executive, the company said in a statement. All of Univision's businesses will report to Rodriguez, the Los Angeles-based company said.

    Rodriguez, 53, joined the company in August 1990 as a vice president and was promoted to senior vice president and operating manager of the Univision network in September 1991, the company said. He became Univision network president in 1992 and has been president of its Galavision cable network and TeleFutura broadcast network since 2001.

    Shares of Los Angeles-based Univision fell 7 cents, or 0.3%, to $25.99 on the New York Stock Exchange. They had fallen 27% in the last year.

    A spokeswoman for Univision didn't immediately return a call seeking comment.

Must be them Local People Meters.

Posted by thomas at February 10, 2005 07:19 AM | TrackBack