Leading Hispanic Organizations Support Univision Communications-Hispanic Broadcasting Merger.
LOS ANGELES & DALLAS--(BUSINESS WIRE)--Aug. 6, 2003
Many National and Local Hispanic Groups Urge Approval Of
Transaction, Citing Benefits To Latino Community
Univision Communications Inc. (NYSE: UVN) and Hispanic Broadcasting Corporation (NYSE: HBC) today announced that many leading Hispanic community groups, including the League of United Latin American Citizens (LULAC), National Council of La Raza, National Hispanic Media Coalition and National Puerto Rican Coalition, have written in support of the proposed Univision-Hispanic Broadcasting merger. In addition, the Association of Hispanic Advertising Agencies (AHAA) and a broad spectrum of prominent national and regional Hispanic organizations have also declared their support. A list of some of these organizations follows.
"We are gratified to have received such broad support from a wide range of respected organizations within the Hispanic community," said A. Jerrold Perenchio, Chairman and Chief Executive Officer, Univision Communications. "Combining the resources of Univision and HBC will allow us to build on the existing efforts of both companies to provide the highest quality service, information and entertainment to Hispanic America."
Mac Tichenor, Jr., Chairman and Chief Executive Officer, Hispanic Broadcasting said: "This pro-competitive merger is an important milestone that will level the playing field and usher in a new era in which Spanish-language media companies will be able to compete for audiences and advertising dollars on a more equal footing against the large English-language conglomerates."
Univision Communications Inc. (NYSE: UVN) is a leading Spanish-language media company in the United States. Its operations include: Univision Network, the most-watched Spanish-language broadcast television network in the U.S. reaching 97% of U.S. Hispanic households; TeleFutura Network, the new 24-hour general-interest Spanish-language broadcast television network reaching 75% of U.S. Hispanic Households; Univision Television Group, which owns and operates 23 Univision Network television stations and 1 non-Univision television station; TeleFutura Television Group, which owns and operates 29 TeleFutura Network television stations; Galavision, a leading Spanish-language cable network; Univision Music Group, which includes the Univision Music label, Fonovisa Records label, and a 50% interest in Mexican based Disa Records label as well as Fonomusic and America Musical Publishing companies; and Univision Online, a leading internet destination for the U.S. Hispanic community located at www.univision.com.
Hispanic Broadcasting Corporation (NYSE: HSP), a leading Spanish-language radio broadcaster in the United States, currently owns and/or operates 69 radio stations in 17 of the top 25 Hispanic markets as well as in Puerto Rico. The Company also owns and operates a network of Hispanic community-focused bilingual web sites found at www.netmio.com.
Hispanic Organizations That Support The Univision/HBC Merger ASPIRA Association Amigos de Colombia Association de Musicos Latino Americanos Association for the Advancement of Mexican Americans Association of Hispanic Advertising Agencies (AHAA) Association Puertoriquena de Diabetes Association Puertoriquena del Pulmon Association Tepeyac de Nueva York Avance-Dallas Bilingual Foundation of the Arts California Latino Medical Association, Kern County Chapter Camara de Empresarios Latinos de Houston Central American Resource Center Centro Cultural Cubano of San Antonio, Texas Charros Unidos de Madera Chicano Studies Dept., California State University, Fresno Club Columbia USA, Inc. Club Latinoamericano del Valle Central Comite Patriotico Mexicano de Houston Conference on Dominican Affairs Council of Spanish Speaking Organizations of Philadelphia, Inc (CONCILIO) Cuban American National Council, Inc. Dallas Concilio of Hispanic Service Organizations Dia de la Mujer Latina, Inc. Frente Indigena Oaxaqueno Binacionel Fresno County Hispanic Commission on Alcohol & Drug Abuse Services, Inc. Guadalupe Community Center Guadalupe Cultural Arts Center Gulfton Area Neighborhood Organization and Central American Refugee Center Hispanic Chamber of Commerce, Central California Hispanic Chamber of Commerce, City of Visalia Hispanic Chamber of Commerce, Greater Dallas Hispanic Chamber of Commerce, Kern County Hispanic Chamber of Commerce, Sacramento Hispanic Chamber of Commerce, Stanislaus County Hispanic Chamber of Commerce, State of Georgia Hispanic Chamber of Commerce, State of North Carolina Hispanic Chamber of Commerce, Tulare Kings Hispanic Directors Association of New Jersey Hispanic Federation Hispanic National Bar Association Hispanic Parade Committee Hispanic Women's Network of Texas, Dallas Chapter Hispanics Organized for Political Education Hispanos Pro Educacion Latin American Community Center Latin American Kiwanis of Mid-Hudson Latin Business Association (LBA) Latino Commission on AIDS Latino Organization for Liver Awareness League of United Latin American Citizens (LULAC) Mexican American Business and Professional Women's Club of San Antonio, Inc. Mexican American Community Services Agency, Inc. (MACSA) Mexican American Grocers Association Mexican American Physicians Association of South Texas Mexican Fine Arts Center Museum Mexican Institute of Greater Houston, Inc. Mexican-American Association of Southern New Jersey Miami Hispanic Ballet/International Ballet Festival of Miami Movimiento de Arte y Cultura Latino Americana (MACLA) National Council of La Raza National Hispanic Corporate Council National Hispanic Employee Association National Hispanic Foundation for the Arts National Hispanic Media Coalition National Hispanic Women's Corporation National Latino Children's Institute National Latino Peace Officers Association National Puerto Rican Coalition NOSOTROS NY State Federation of Hispanic Chambers of Commerce Puerto Rican Arts Alliance Puerto Rican Professionals Association Puerto Rico Community Foundation Puerto Rico Lung Association Puerto Rico Youth at Risk, Inc. Repertorio Espanol Save Latin America, Inc. Spanish Coalition for Jobs, Inc. Taller Puertorriqueno, Inc. Teatro Avante The Mexican Museum Unidad Hondurena/Honduran Unity United States Hispanic Leadership Institute (USHLI) Universidad Nacional Autonoma de Mexico. S.A. Branch
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|Date:||Aug 6, 2003|
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