Univision Has New Majority Ownership

Two investment firms, Searchlight Capital Partners and ForgeLight, have secured a majority stake in Univision -- with Wade Davis, a former Viacom chief financial officer, assuming the chief executive officer role of the Spanish-language media company.

Davis is the chief executive officer and founder of ForgeLight. He takes over the top role from Vincent Sadusky, who took over the firm after Randy Falco retired at the end of 2018.

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