Univision President Cesar Conde (left) helped seal the deal with ABC News to provide a new news service. Here he is seen with television personality and Univision's host for Sabado Gigante, Don Francisco. (Photo : Reuters)
ABC News and Univision have officially announced a deal to establish a new English-language news channel aimed for the US Latino population.
An ABC spokesperson confirmed that the first step of the deal is the launch of their website, set to debut this fall. The news channel will launch in mid-2013.
Like Us on Facebook
"ABC News and Univision News share a goal of serving the thriving Hispanic audience that makes up such an influential and essential part of America," ABC News President Ben Sherwood. "Our new joint venture will empower Hispanic Americans and connect audiences of all kinds to culturally relevant news, information and lifestyle programming. The signature of the definitive agreement is an important, exciting first step toward achieving our vision."
"We are pleased to come one step closer to our goal of delivering a new English-language news offering to U.S. audiences," Univision News President Isaac Lee said. "Together, Univision News and ABC News will inform, engage and empower the thriving Latino community as well as provide news and information from a Latino perspective to a broader audience. Signing the definitive agreement is an important milestone of many to come."
The news channel with be based in Univision's current news operation headquarters, Miami, Florida. However, to make this happen, the joint venture applied for $10.5 million in tax incentives from the Miami-Dade County and the State of Florida. If the tax incentives are denied, the headquarters will move to Houston, Los Angeles, or New York.
According to county documents MediaBistro obtained, the news channel will add 346 jobs to the Miami-Dade County with salaries averaging $81,000 a year.
No word yet if ABC News and Univision plan on delivering content in Spanish.
The Latino population in the US is growing, and is expected to make up a third of the US population by 2050.