After WSNS was sold to Telemundo in 1988, what had become Univision moved its programming back to WCIU-TV, which agreed to air Univision programming on weekday evenings and weekends.In 1994, the network purchased English-language independent WGBO-TV after WCIU-TV turned down Univision's request to become a full-time affiliate in favor of maintaining its longtime multi-ethnic programming format.Univision's roots can be traced back to 1955, when Raul Cortez started KCOR-TV, a Spanish-language independent station in San Antonio, Texas, which eventually changed the station's call letters to KUAL-TV in 1958.The station was not profitable during its early years, and in 1961, Cortez sold KUAL-TV (now known as KWEX-TV) to a group headed by his son-in-law Emilio Nicolas Sr., who had helped produce local variety programs for the station, and Mexican entertainment mogul Emilio Azcárraga Vidaurreta – owner of Mexico-based Telesistema Mexicano (the forerunner of Televisa).These three stations – which became part of the Spanish International Communications group – formed the nucleus of the Spanish International Network, the first television network in the United States to broadcast its programming in a language other than English.Over the next 20 years, SIN would acquire other top-rated Spanish-language television stations throughout the United States; as part of its expansion, the network acquired additional stations, WLTV in Miami and KTVW in Phoenix; and reached a part-time affiliation with WCIU-TV in Chicago.
TV Mujer inspired a series of other programs, including Hola, America ("Hello, America") and Al Mediodia ("At Noon"), which never garnered the ratings of the original concept and were ultimately canceled.
At the time, Univision had owed about 5 million to a group of banks led by Continental Bank of Chicago, about 5 million in senior subordinated zero-coupon debt and 5 million in 13 3/8% in outstanding subordinated debentures. The holders of two different series of Univision Holdings' debt accepted the bid and tendered their securities by April 13, preventing the bankruptcy protection proceedings, with Hallmark's offer to purchase the debt securities being completed by April 25.
Univision logo, used from January 1, 1990 to December 31, 2012.
Most of these stations air full local newscasts and other local programming in addition to network shows; in major markets such as Los Angeles, Miami, and New York City, the local newscasts carried by the network's owned-and-operated stations are equally competitive with their English language counterparts ratings-wise.
Chief operating officer Randy Falco (who was appointed to the position on January 18, 2011, and officially took over as CEO on June 29 of that year) has been in charge of the company since the departure of Univision Communications president and CEO Joe Uva in April 2010.
Televisa's ownership interest in SIN transferred posthumously from Emilio Azcárraga Vidaurreta to his son, Emilio Azcárraga Milmo, in 1972.