BY ROY ALBERT ANDRADE, K1LLER, Inc.
NEW YORK, NEW YORK - By 2040, Hispanics are expected to make up 24% of the U.S population, and consumer spending projections are anticipated to continue skyrocketing in the billions even in the Trump era. As of this writing, there are roughly 57 million Hispanics in the U.S, and Univision Communications Inc. (UCI), a media company, has its eyes set on future growth. The Company has stretched its Company’s employment agreement with Randy Falco, President and Chief Executive Officer, for two more years, until January 31, 2020.
“Randy has been the architect of UCI’s evolution since 2011, guiding the Company’s tremendous expansion, steadily improving Univision’s financial performance and significantly improving the balance sheet by paying down debt,” commented Haim Saban, Chairman of the Board of Directors of UCI. “With Randy’s vision, UCI has remained the undisputed leader in Spanish-language media and at the same time successfully diversified into English-language media to provide young, diverse Americans with the content they crave in the formats they seek. Our portfolio now includes a powerful collection of Spanish-language and English-language digital offerings that provide even more exciting opportunities for distributors, partners and our employees. But perhaps most important is Randy’s authentic and unwavering commitment to the U.S. Hispanic community, which has amplified UCI’s voice and purpose as an advocate for Hispanic America, especially during difficult times for our nation. The Board is delighted that Randy will continue to lead Univision to new levels of success in the future.”
Shawn W. Anderson