Walt Disney's ABC News and Univision Communications' Univision News on Monday made official a long-expected agreement in principle to form a multi-platform news joint venture targeting Hispanic Americans with English-language news.
They said the deal would combine Univision's ability to reach U.S. Hispanics and "ABC’s global news leadership to serve over 50 million Hispanics, the youngest and fastest-growing demographic in the U.S."
The 24/7 venture will include America’s first English-language channel for English-dominant and bilingual Hispanics, as well as integrated digital and social platforms.
Financial terms weren't disclosed.
Email: Georg.Szalai@thr.com
Twitter: @georgszalai
