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Pierluigi Gazzolo, Luis Silberwasser and Donna Speciale Join Univision With President-Level Roles
New year, new faces for Spanish-language leader’s corner officesTony Maglio | January 11, 2021 @ 2:00 PM Last Updated: January 11, 2021 @ 4:33 PM
Univision
Univision just went on one hell of a hiring spree. The Spanish-language leader has brought aboard Pierluigi Gazzolo, Luis Silberwasser and Donna Speciale and each carries a “president” title.
Gazzolo, who hails from ViacomCBS, is president of Univision Communications Inc. (UCI) and chief transformation officer. Silberwasser is president of Univision Television Networks Group. Those are both newly created positions.
Speciale, as you probably guessed, is Univision’s new president of ad sales and marketing.
Business Law Prof Blog
The CliffsNotes version is that due to a dual-class voting structure, Shari Redstone was the controlling shareholder of CBS and Viacom, and for several years fought to combine the two companies. Her dreams were finally realized in 2019 when the two merged in a stock-for-stock deal. Former Viacom shareholders sued, alleging that this was a transaction in which a controlling stockholder – Redstone – stood on both sides, and that the deal sold out the Viacom shareholders to benefit CBS and Redstone.
Normally, of course, deals in which a controlling stockholder has an interest are subject to entire fairness scrutiny unless they are cleansed in the manner prescribed by
Former Viacom CFO Wade Davis and Partners Complete Univision Acquisition
Deal for the two investment companies to acquire a 64% majority stake in the Spanish-language broadcaster was reached in FebruaryReid Nakamura | December 29, 2020 @ 4:06 PM
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Former Viacom CFO Wade Davis’ ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday.
The deal, first announced in February, gives the two companies a 64% majority stake in Univision, the country’s top Spanish-language broadcaster. Televisa, the Mexican media company which supplies much of Univision’s programming, retains its 36% share in the company and will continue to serve as an “important strategic partner” to the new owners.