Televisa and Univision: Stay Tuned!

The Mexican broadcaster isn't likely to go quietly after failing to land the U.S. media giant. More lawsuits? Probably. A rival U.S. network? Maybe that is just as well

You want a fight? Grupo Televisa (TV), the Mexican broadcasting giant, can give you one. At least, the company's founding Azcarraga family has always been a tough pill for U.S. Hispanic media company Univision Communications (UVN) and its equally combative CEO Jerry Perenchio. Years back, when Perenchio was first fashioning the TV station group that would become the $1.9 billion TV, radio, and music empire, the Univision CEO was said to have physically tussled with Televisa's then-chairman, Emilo Azcarraga Milmo, over—of all things—who would pay the bill at a restaurant. Since then, Perenchio has battled in court and the board room with Azcarraga's son, whose company currently owns 11% of Univision.

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