ABC News and Univision News have reached an agreement in principle to launch in 2013 a new 24/7 English-language TV news, information and lifestyle network for English-dominant and bilingual Hispanics.
The joint venture, which is subject to the completion of definitive agreements, would launch the unnamed TV channel in the first half of next year, with a Website, mobile and social media content expected to debut this summer. News content will focus on issues, lifestyle interests and culture of importance to Hispanics, reporting current events with a Latino perspective.
ABC News and Univision News will share newsgathering and production resources, and the new channel will feature anchors and correspondents from both networks in major cities across the U.S. A management team for the new network is to be announced this summer.
"This exciting joint venture represents the latest example of our long-term strategy to broaden the reach of ABC," said Anne Sweeney, co-chair, Disney Media Networks and president, Disney/ABC Television Group, in announcing the venture."Our powerful premier news brand, combined with the world's leading Hispanic media company, will create the nation's first news and lifestyle channel targeted to this quickly expanding and important community."
"For more than five decades Univision has been the leader in serving Hispanics in the U.S. and this joint venture is an extension of our vision to deliver the most relevant news and information, regardless of language, to all Hispanics," noted Cesar Conde, president, Univision Networks. "This alliance combines the expertise and brand strength of Univision News with ABC News' leadership and is another example of Univision's commitment to serving and empowering Hispanic America while connecting all audiences to Latino issues."
Univision was founded in 1962 to serve Hispanic Americans, and the new partnership gives ABC News shared influence over the fastest-growing segment of the population. Hispanics currently represent 16% of the total U.S. population, which is projected to double to 30% by 2050.
"This new partnership delivers on our 2012 priorities - increasing our reach, developing new growth businesses, creating new content, excelling in political coverage and strengthening our digital presence," said ABC News President Ben Sherwood in a note to staff.
Last October, ABC News entered a content-sharing deal with Yahoo! to become the primary news provider on the Yahoo! News Website, expanding the news division's reach to more than 100 million monthly U.S. visitors.