The owner of Univision Communications Inc have recently held preliminary talks about selling the Spanish-language broadcaster with CBS Corp, Time Warner Inc and other media companies, the Wall Street Journal reported, citing people familiar with the matter. The talks, however, appear to have gone nowhere, the people said, citing the $20 billion Univision's owners are seeking for company as an issue. (r.reuters.com/xew99v)Univision spokeswoman Monica Talan said the company does not comment on rumors. Univision is based in the United States, and owned by Univision Communications Inc.CBS representatives failed to comment on the report, while representatives for Time Warner did not immediately respond to a request for comment outside regular U.S. business hours.Univision's owner had also considered Mexican media conglomerate Grupo Televisa SAB as a possible buyer, the newspaper said. Grupo Televisa owns a minority stake in Univision and supplies much of its programming.
Shares of TV fell by 0.82% or $-0.28/share to $33.80. In the past year, the shares have traded as low as $21.86 and as high as $35.16. On average, 1862700 shares of TV exchange hands on a given day and today's volume is recorded at 1072455.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.8% or $-0.55/share to $68.37. In the past year, the shares have traded as low as $53.41 and as high as $69.39. On average, 5564290 shares of TWX exchange hands on a given day and today's volume is recorded at 6296360.
Source