U.S. net ABC News and Hispanic broadcaster Univision News are teaming up to form “a far-reaching, multiplatform joint venture” news and lifestyle network, which will be dedicated to “informing, empowering and inspiring Hispanic Americans in English.”
The agreement in principle for the as-yet-unnamed joint venture will aim to capitalize on Univision’s expertise in reaching U.S. Hispanics and ABC’s skills in news-gathering to reach more than 50 million Hispanics, who form one of the youngest and fastest-growing demographics in the U.S.
A website, mobile content and social media content are expected to debut this summer, with the TV channel expected to launch next year. A management team is to be announced later this summer.
The network will have anchors and correspondents in major cities across the U.S., and ABC News and Univision News will share news-gathering and production resources.
“Our powerful premier news brand, combined with the world’s leading Hispanic media company, will create the nation’s first news and lifestyle channel targeted to this quickly expanding and important community,” said Anne Sweeney, co-chair of Disney Media Networks and president of the Disney/ABC Television Group.
Ben Sherwood, president of ABC News, added: “Our mission is clear: To offer culturally relevant news, information and lifestyle programming to the large and thriving Latino audience in the United States.”
According to the JV partners, the new 24/7 network will include America’s first English-language channel for English-dominant and bilingual Hispanics, as well as integrated digital and social platforms.
It will aim to deliver news content focused on issues, lifestyle interests and culture of importance to Hispanics. The partners added that Hispanics currently represent 16% of the total population in the U.S., a number projected to double to 30% by 2050.
“For more than five decades Univision has been the leader in serving Hispanics in the U.S., and this joint venture is an extension of our vision to deliver the most relevant news and information, regardless of language, to all Hispanics,” said Cesar Conde, president of Univision Networks.
Isaac Lee, president of Univision News, added that the venture “will also provide all audiences with a multiplatform current events perspective on the issues that matter most to Latinos.”