Saturday, November 19, 2016
Univision to Fire Up to 250 ‘in Response to Difficult, Challenging Times’
Spanish-language media giant Univision Communications, following a third-quarter loss of $30.5 million on revenues of $735 million, is expected to lay off between 200 and 250 editorial and business-side employees — nearly six percent of its workforce.
“To call this a bloodbath is a staggering understatement,” wrote Fusion news director Aleksander Chan on Twitter, referring to the cuts:
Univision is privately owned. Billionaire investor Haim Saban serves as the Spanish-language media giant’s network.
Haim Saban is an Egyptian-born Israeli-American media proprietor, investor, philanthropist, musician, record, film & television producer.
The Spanish language media company is owned by an Egyptian Jew! That figures!