Joe Uva to Become Chief Executive Officer of Univision
February 27 2007 - 5:52PM
Business Wire
Broadcasting Media Partners Inc. (�BMPI�), an investor group
including Madison Dearborn Partners, Providence Equity Partners,
Texas Pacific Group (TPG), Thomas H. Lee Partners, and Saban
Capital Group, announced today that following completion of its
pending acquisition of Univision Communications Inc. (NYSE: UVN),
Joe Uva will become Chief Executive Officer of Univision, the
leading Spanish-language media company in the U.S. Uva, 51, who is
currently President and Chief Executive Officer of OMD Worldwide,
an Omnicom company, will be based in New York. He will assume the
CEO position at Univision effective April 1, 2007. The acquisition
of Univision is expected to be completed in March. Over the past
five years, Uva has led the growth of OMD into the #2-ranked global
media strategy and buying agency with over 100 offices in over 80
countries. He will have overall responsibility for all aspects of
Univision�s operations, including its television, radio, music and
online divisions. BMPI said, �Univision has enormous growth
opportunities ahead of it, and we are very pleased that an
executive with Joe Uva�s broad media experience, leadership
abilities, and entrepreneurial qualities will be driving our
efforts to build value and take the company to the next level. Joe
has a proven track record of achievement in a broad range of
advertising-focused media businesses based on his effective
strategy development, team building, sales skills, creative
execution and new business expansion. While at OMD he structured
the industry�s first billion-dollar cross-media buying contract and
attracted a stable of new clients while solidifying a global
network and working to establish best practices around the world.
He previously played a key role in the growth and development of
Turner Broadcasting over a 17-year period. We are delighted to
welcome him to Univision.� �I am excited to have the opportunity to
lead a premier company that has redefined the American media
landscape and is so deeply embedded in the lives of its audience,�
said Uva. �This is a company with tremendous strength that has
fabulous growth opportunities. Its relationships with its consumers
are unparalleled in the media industry. I very much look forward to
working with Univision�s outstanding management team, programming
and industry partners, and leaders in the Hispanic community to
build on the Company�s legacy of innovation and success. At the
same time, it will be difficult to leave OMD where I have had a
very positive experience. OMD is a strong company with a deep
management team that will move forward without missing a beat.� Uva
has spent five years as President and Chief Executive Officer of
OMD where he successfully led the company to be named Global Media
Agency of the Year by Advertising Age Magazine in 2003, by Adweek
and Campaign Magazines in 2005, and US Media Agency of the Year by
Advertising Age in 2005. Prior to joining OMD in 2002, Uva spent 17
years at Turner Broadcasting System, Inc. In 1996, he was named
President of Sales and Marketing for Turner Entertainment Group,
where he handled all advertising sales and marketing for TBS
Superstation, TNT, Turner Sports, Cartoon Network, WTBS-TV and all
network websites. Uva also oversaw strategy and investments in
interactive television, the Internet and specific audience
demographics as head of the Turner Ventures Group. Prior to joining
Turner, Uva was involved in a Swiss independent media partnership
after having served as Eastern Regional Sales Manager for USA
Network. Earlier in his career, he worked as a media planner for
McCann Erickson and Grey Advertising. Uva serves on the Boards of
Directors of TiVo Incorporated and Imaginova Corp. He is a graduate
of the State University of New York at Albany. Univision
Communications Inc. Univision Communications Inc. is the premier
Spanish-language media company in the United States. Its operations
include Univision Network, the most-watched Spanish-language
broadcast television network in the U.S. reaching 99% of U.S.
Hispanic Households; TeleFutura Network, a general-interest
Spanish-language broadcast television network, which was launched
in 2002 and now reaches 87% of U.S. Hispanic Households;
Galavisi�n, the country�s leading Spanish-language cable network;
Univision Television Group, which owns and operates 62 television
stations in major U.S. Hispanic markets and Puerto Rico; Univision
Radio, the leading Spanish-language radio group which owns and/or
operates 69 radio stations in 16 of the top 25 U.S. Hispanic
markets and 4 stations in Puerto Rico; Univision Music Group, which
includes Univision Records, Fonovisa Records,�La Calle Records and
Mexico-based Disa Records as well as Fonomusic and America Musical
Publishing companies; and Univision Online, the premier
Spanish-language Internet destination in the U.S. located at
www.univision.com. Univision Communications also has a 50% interest
in TuTv, a joint venture formed to broadcast Televisa�s pay
television channels in the U.S., and a non-voting 14.9% interest in
Entravision Communications Corporation, a public Spanish-language
media company. Univision Communications is headquartered in Los
Angeles with television network operations in Miami and television
and radio stations and sales offices in major cities throughout the
United States. Madison Dearborn Partners, LLC Madison Dearborn
Partners, based in Chicago, is one of the largest and most
experienced private equity investment firms in the world. MDP has
more than $14 billion of equity capital under management and makes
new investments through its most recent fund, Madison Dearborn
Capital Partners V, a $6.5 billion investment fund raised in 2006.
MDP focuses on management buyout transactions and other private
equity investments across a broad spectrum of industries, including
basic industries, communications, consumer, financial services, and
health care. For more information, please visit the MDP website
at�www.mdcp.com . Providence Equity Partners Inc. Providence Equity
Partners Inc. is a global private investment firm specializing in
equity investments in media, entertainment, communications and
information companies around the world. The principals of
Providence Equity manage funds with approximately $21 billion in
equity commitments and have invested in more than 100 companies
operating in over 20 countries since the firm's inception in 1990.
Significant investments include Bresnan Broadband Holdings, Casema,
Com Hem, Digiturk, Education Management Corporation, eircom,
Freedom Communications, Idea Cellular, Kabel Deutschland,
Metro-Goldwyn-Mayer, Ono, PanAmSat, ProSiebenSat.1, Recoletos, TDC,
VoiceStream Wireless, Warner Music Group, Western Wireless and
Yankees Entertainment Sports Network. Providence Equity is
headquartered in Providence, RI, and has offices in New York and
London. The firm is in the process of opening offices in Hong Kong
and New Delhi. TPG TPG is a private investment partnership that was
founded in 1992 and currently has more than $30 billion of assets
under management. Headquartered in Fort Worth, with offices in San
Francisco, London, Hong Kong, New York, Minneapolis, Melbourne,
Menlo Park, Mumbai, Shanghai, Singapore and Tokyo, TPG has
extensive experience with global public and private investments
executed through leveraged buyouts, recapitalizations, spinouts,
joint ventures and restructurings. TPG seeks to invest in
world-class franchises across a range of industries. Prior
investments in media and communications include Findexa, Hotwire,
Metro-Goldwyn-Mayer and TIM Hellas. Other significant investments
include Aleris, Burger King, Continental Airlines, Debenhams,
Ducati, MEMC, J. Crew, Neiman Marcus, Petco, Seagate and Texas
Genco. Visit www.tpg.com. Thomas H. Lee Partners, L.P. Thomas H.
Lee Partners, L.P. is one of the largest and oldest private equity
investment firms in the United States and has raised and managed
almost $20 billion of capital, making investments in over 100
businesses since its founding in 1974. Today, by remaining focused
on growth oriented companies with strong fundamentals and investing
in large buyouts primarily in North America, THL Partners continues
to build on a strong track record of creating lasting value and
delivering exceptional returns to its investors. Notable
transactions sponsored by the firm include Dunkin� Brands, Simmons,
The Nielsen Company (formerly VNU), Warner Music Group and the
announced acquisitions of Clear Channel Communications and
Univision, as well as the recent realizations of investments such
as Houghton Mifflin and ProSiebenSat.1. Saban Capital Group Saban
Capital Group, Inc. is a private investment firm specializing in
the media and entertainment industries. Based in Los Angeles, SCG
was established in 2001 by Haim Saban, founder of Saban
Entertainment, a global television broadcasting, production,
distribution, merchandising and music company that was sold to the
Walt Disney Corporation in 2001 in a $5.2 billion transaction. The
firm makes both controlling and minority investments in public and
private companies worldwide, including ProSiebenSat.1, Germany's
biggest television group; Keshet Broadcasting Ltd., Israel's
leading television network; and Bezeq, Israel's national phone
company, and adds strategic value through its established
relationships and industry experience.
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