Three senior executives at the Spanish-language networks company now will report directly to CEO Randy Falco following the news today that former president Cesar Conde has joined NBCUniversal as an EVP. President of Programming and Content Alberto Ciurana, News President Isaac Lee, and Univision Deportes President Juan Carlos Rodriguez moved up the organization chart. They “are largely responsible for the recent success and tremendous momentum of our Network business,” Falco says. The new structure “provides us with an opportunity to be even more nimble going forward.” The CEO thanked Conde for his “contributions to Univision over the last decade”. The release said he resigned to “pursue opportunities in English-language media”. NBCU’s assets include Telemundo, one of Univision’s top competitors.
With television’s No. 1 network, CBS chief Les Moonves is one of the most confident-sounding execs in media. But Univision CEO Randy Falco sounded even more assured about his network’s popularity in a conference call with investors today. One asked whether he’s concerned that a pay TV operator might refuse to pay up to carry Univision’s Spanish-language stations after seeing CBS struggle to reach a deal with Time Warner Cable. “We have a different offering than CBS,” Falco says. “I’m sure they’re important to their viewers. But we are critically important…We have a closer tie to our Spanish-speaking audiences” than any English-language service has with its viewers. “Distributors agree with us.” The company underscored that by announcing that it has a retransmission agreement with Cox. That means it’s solid for now with six of the nine biggest pay TV distributors, which have agreed to carry Univision’s new networks. The exceptions are pretty significant, though: The company says it is still negotiating renewals with Comcast, Time Warner Cable, and Charter. Univision disclosed today that it generated $40.7M in net income in Q2, +28% vs the period last year, on revenues of $676.5M, +10.4%.
UPDATE, 12:45 PM: You don’t need to be bilingual to translate the Commission On Presidential Debates’ response to Univision CEO Randy Falco’s letter asking for an additional session targeting Hispanic voters: Don’t be a sore loser. Although “there are many organizations and individuals who wish they had been included in our moderator selection,” the CPD says, “it is impossible to accommodate all of them.” The organization adds that the four moderators it picked “see their assignment as representing all Americans.” And the debates “have always focused on issues of national interest that affect all citizens, including Univision’s audience.” The CPD says that it has met with Univision to consider “joint efforts to get the largest number of people possible engaged in discussing and learning from the debates, and (we) remain interested in working with you toward that goal.”
Univision Communications has appointed Randy Falco as president and CEO, taking over the top spot from longtime chief Joe Uva, who announced his resignation in March. Haim Saban, executive chairman of Univision’s board of directors, had taken up the slack since Uva’s departure. Falco — who joined Univision earlier this year as EVP and COO overseeing all revenue functions — previously was chairman and CEO of AOL and before that spent more than 30 years at NBC Universal, including as president and COO of NBC Universal Television Group. ”The board unanimously agreed that Randy’s track record and expertise make him the ideal executive to lead Univision’s future growth,” Saban said. “Randy has over 30 years of relevant industry experience and has demonstrated his highly-skilled leadership and strategic vision at Univision over the past six months.” Falco will join Univision’s board of directors and will continue to be based in New York.
Veteran broadcast executive Randy Falco, former chairman and CEO of AOL and president and COO of NBC Universal Television Group, has joined Univision as EVP and COO. Falco will oversee all revenue-driving areas, including ad sales and affiliate relations, as well as the operations of the TV and radio station groups, corporate marketing, research and corporate business development. Based in New York, Falco will report to Joe Uva, president and CEO of Univision Communications. Univision made headlines in December when it beat the broadcast networks a couple of nights in adults 18-49. It has been the ratings leader in the younger 18-34 demo.