Spanish-language broadcaster Univision Communications said it has named former Media General chief Vincent Sadusky as its new CEO, replacing Randy Falco, who has already announced his intention to retire from the post. Sadusky will assume his new position on June 1.
Speculation that Sadusky, who will also become a member of Univision’s board of directors, was being considered for the job has been heavy for days.
Falco will remain an advisor to Univision through the end of the year to ensure a smooth transition.
Sadusky served as CEO of Media General from 2014 to 2017, when it was sold to Nexstar Broadcast Group. Prior to Media General, Sadusky was CEO of LIN Broadcasting and has also held several executive positons with Spanish-language broadcaster Telemundo, including chief financial officer and treasurer.
“Vince is distinctly qualified to lead UCI through the next phase of its growth, given his impressive track record of leadership, vision, deep industry experience and relationships,” Univision chairman Haim Saban said in a statement. “This is a unique moment for UCI, and we believe that we have the right strategy and team in place to execute on the opportunities in front of us. On behalf of the entire Board, we look forward to working with Vince to achieve great success for UCI.”
Falco has spent the past eight years as Univision CEO, a tenure he said in a statement “has been one of the most personally and professionally rewarding experiences of my life.”
Saban praised the CEO for his leadership.
“Over the last eight years, Randy has led the transformation of UCI into a modern media organization with a diverse portfolio of assets, sterling brands and content that audiences and marketers want, backed by strong earnings growth, a significantly improved balance sheet and a team of motivated and purpose-driven employees,” Saban said in a statement. “Randy has always recognized and embraced Univision as an incredibly unique company with a mission and vision that goes well beyond traditional media. On behalf of the entire Board, I want to thank Randy for his leadership, commitment and partnership, and congratulate him on his retirement.”