Randy Falco will be heading the day-to-day operations of Unvision Communications through 2018.
The Spanish-language media in the U.S. has extened its deal with Falco, who will remain as president and CEO for the next four years.
Under Falco's tutelage since 2011, Univision has broadened its portfolio. The company has partnered with ABC on the millennial-targeted news network Fusion, invested in Robert Rodriguez’s El Rey Network, and launched digital net UVideos. Currently, Univision boasts 16 broadcast, cable and digital networks, plus 61 local TV stations and 67 radio stations, among other holdings.
“Since taking the helm in 2011, Randy has successfully guided Univision through a period of exceptional growth and innovation, adeptly navigating a climate of unprecedented industry change and positioning the company for the future,” said Haim Saban, chairman of Univision Communications Inc.