Univision has extended President and CEO Randy Falco’s contract through January 2018.
With Falco presiding, Univision Communications Inc. has grown to 16 broadcast, cable and digital networks; 61 TV stations; 67 radio stations; and has content creation facilities in Miami, New York and Los Angeles.
It also boasts “an array of online and mobile apps and products,” the company touted in its Thursday announcement.
During his tenure, Falco led Univision’s 50th anniversary celebration by unveiling its new brand logo and tagline, “the Hispanic Heartbeat of America.”
“Since taking the helm in 2011, Randy has successfully guided Univision through a period of exceptional growth and innovation, adeptly navigating a climate of unprecedented industry change and positioning the company for the future,” said Haim Saban, chairman of Univision Communications Inc. “Under Randy’s leadership and vision, the Company has meaningfully increased earnings and accelerated its transformation from a niche broadcast network to a multimedia powerhouse, with platforms across the spectrum of traditional and new media that appeal to the diverse U.S. Hispanic audiences like no other media company can.”
“By being nimble and opportunistic — internally and externally — and making smart investments, Randy and his team have set Univision apart from its peers, making our company an invaluable partner to marketers and distributors, providing our audiences more and better content than ever before, and creating opportunities for our talented employees,” Saban continued. “The Board is thrilled that Randy will continue to lead Univision.”