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Grupo Televisa Lawsuit Against Univision
MEXICO CITY - Mexico's Grupo Televisa SA filed another lawsuit against Univision Communications Inc. on Wednesday, asserting its right to begin distributing its television programming to U.S. audiences over the Internet.
The aggressive move by Mexico's top broadcaster shows it's determined to become a leading player in the U.S. Hispanic market, despite the rejection of its initial takeover offer for Univision, the largest Spanish-language broadcaster in the U.S.
In a court filing in Los Angeles, Televisa asked a judge to affirm its rights to begin distributing its programming over the Internet starting Dec. 20.
"We are not about to let Univision stop Televisa from broadcasting its own programming over the Internet," Marshall Grossman, a Televisa attorney in Los Angeles, said Wednesday.
A Univision spokeswoman did not immediately return a call seeking comment.
Under an agreement between the two companies, as long as Televisa owns a certain amount of Univision stock, it is obliged to offer Univision the opportunity of first refusal to participate with Televisa in certain business ventures in the United States. Should Televisa cease to own the required Univision shares, however, its obligation to offer Univision entry into new ventures ends, Televisa claims in the lawsuit.
Now that Univision has agreed to be sold, Televisa aims to sell its stake in the company and pursue ways to bring its slate of television shows into the United States through the Internet.
Alfonso de Angoitia, executive vice president at Televisa, had said during a Tuesday conference call with analysts that Televisa would use its "expertise, content and capital" to become "the leader in entertainment and information in the U.S. Hispanic market."
Source:
MSN Money
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