New York, NY — Univision Communications Inc., the premier media company serving Hispanic America, today announced that Randy Falco, executive vice president and chief operating officer, has been appointed president and chief executive officer, effective immediately. Additionally, Falco will become a member of the Univision Board of Directors and will continue to be based in New York. This appointment follows a comprehensive search process.
Haim Saban, executive chairman of the Univision Board of Directors, stated, “The Board unanimously agreed that Randy’s track record and expertise make him the ideal executive to lead Univision’s future growth. Randy has over 30 years of relevant industry experience and has demonstrated his highly-skilled leadership and strategic vision at Univision over the past six months. We are confident in Randy’s ability to deliver on Univision’s goals and accelerate our growth as a leading multi-platform media company in America.”
“I am thrilled to take on the role of Chief Executive Officer,” said Falco. “Univision has been at the forefront of innovation and has grown its competitive position while continuing to serve and advocate for the important U.S. Hispanic community. I’m excited to lead a company with such tremendous growth potential and look forward to continuing to work with such an exceptional leadership team.”
Falco assumed the role of Univision’s executive vice president and chief operating officer in early 2011, overseeing all revenue functions for the Company, including advertising sales, distribution sales and affiliate relations, as well as the operations of the Company’s television and radio station groups, corporate marketing, research and corporate business development. Previously Falco held the position of chairman and chief executive officer of AOL, Inc., where he was responsible for all business and strategic operations of the Company. Prior to AOL, Falco spent more than 30 years in varying roles at NBC Universal, Inc., culminating as president and chief operating officer of NBC Universal Television Group. In that role, Falco was responsible for the group’s operating and commercial functions, including advertising sales, affiliate relations, business development, cable distribution, global television distribution, IT and network and studio operations. In addition, he was also responsible for Telemundo. Prior to that, Falco held numerous positions throughout NBC Universal, including group president of NBC Television Network from 1998-2004 and president of broadcast and network operations from 1993-1998. Falco was also chief operating officer of NBC Universal’s Olympics operations in Salt Lake City in 2002, Sydney in 2000, Atlanta in 1996, and Barcelona in 1992.
About Univision Communications Inc
Univision Communications Inc. (UCI) is the leading media company serving Hispanic America. Its assets include Univision Network, one of the top five networks in the U.S. regardless of language and the most-watched Spanish-language broadcast television network in the country reaching 97% of U.S. Hispanic households; TeleFutura Network, a general-interest Spanish-language broadcast television network reaching 88% of U.S. Hispanic households; Univision Cable Networks, including Galavisión, the country’s leading Spanish-language cable network, and a suite of six cable offerings – De Película, De Película Clásico, Bandamax, Ritmoson, Telehit and Clásico TV; Univision Studios, which produces and co-produces reality shows, dramatic series and other programming formats for the Company’s platforms; Univision Local Media, which owns and/or operates 62 television stations and 70 radio stations in major U.S. Hispanic markets and Puerto Rico; Univision Interactive Media, a network of national and local online and mobile sites including Univision.com, which continues to be the #1 most-visited Spanish-language website among U.S. online Hispanics, Univision Móvil, a longstanding industry-leader with unique, relevant mobile products and services, and Univision Partner Group, a specialized advertising and publisher network. Headquartered in New York City, UCI has 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 www.univision.net.