Los Angeles. CA—(HISPANIC PR WIRE)–October 29, 2004–Univision Communications Inc. (NYSE: UVN), the nation’s leading Spanish-language media company, announced today that it was recognized with the Exemplary Practice of Corporate Governance & Board Diversity Award by the New America Alliance at the organization’s 4th Wall Street Summit held on October 27th – 29th in New York City. Co-President of Univision Television Group, Thomas Arnost, accepted the award on Univision’s behalf.
“Univision is honored to receive this award as it is a great testament to the breadth of voices our Company represents,” said Arnost. “Together with the New America Alliance, we are committed to further developing the participation of US Hispanics both within our company and throughout the business community.”
The New America Alliance aims to increase participation of Latino businesses and business owners in the marketplace by working to enhance opportunities available to obtain capital and build wealth in the American Latino community. As part of its Corporate Board Initiative, in 2003 it established the Corporate Governance Award program to recognize outstanding Fortune 1000 CEOs for leadership in promoting board diversity. Its 4th Wall Street Summit acknowledges outstanding Latino business leaders and the entities that support them.
Univision Communications Inc. is the premier Spanish-language media company in the United States. Its operations include Univision Network, the most-watched Spanish-language broadcast television network in the U.S. reaching 98% of U.S. Hispanic Households; TeleFutura Network, a general-interest Spanish-language broadcast television network, which was launched in 2002 and now reaches 80% of U.S. Hispanic Households; Univision Television Group, which owns and operates 24 Univision Network television stations and 1 non-Univision television station; TeleFutura Television Group, which owns and operates 31 TeleFutura Network television stations; Galavisión, the country’s leading Spanish-language cable network; Univision Radio, the leading Spanish-language radio group which owns and/or operates 68 radio stations in 17 of the top 25 U.S. Hispanic markets and 4 stations in Puerto Rico; Univision Music Group, which includes Univision Records, Fonovisa Records, and a 50% interest in Mexico-based Disa Records labels as well as Fonomusic and America Musical Publishing companies; and Univision Online, the premier Spanish-language Internet destination in the U.S. located at http://www.univision.com. Univision Communications also has a 50% interest in TuTv, a joint venture formed to broadcast Televisa’s pay television channels in the U.S., and a non-voting 27% interest in Entravision Communications Corporation, a public Spanish-language media company. Univision Communications is headquartered in Los Angeles with television network operations in Miami and television and radio stations and sales offices in major cities throughout the United States.
For more information, please visit http://www.univision.net.
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