The joint venture network from ABC News and Univision has found a home base in Miami.
That keeps the currently unnamed company, which will be a news and lifestyle network for U.S. Hispanics, in the same city where Univision Networks is already headquartered.
"This is a continuation of Univision's investment in Miami-Dade County and the State of Florida," said Cesar Conde, president of Univision Networks, in a statement "The Miami-based operation will be the largest of its kind with state-of-the-art production capabilities that will generate new jobs and attract television's brightest talent to South Florida.
The companies also announced a new hire, Miguel Ferrer, who will be the first digital executive producer for the new network, overseeing all digital properties, including the JV's website that launched last month. He was most recently managing editor of the Huffinton Post's Black Voices, Latino Voices and Voces sites.
The president and CEO and other management executives are to be announced later this year, with the network expected to launch in summer 2013.