UNIVISION REACHES CROSSROADS IN MARKET
By Alex Veiga, AP
Conquering the U.S. Spanish-language television, radio and recorded music market has left Univision Communications Inc. with a quandary: Where to grow?
Analysts say the answer will probably drive a decision by the Los Angeles-based media conglomerate, which said this week that it is exploring a possible sale of all or parts of the company or future acquisitions.
"They already have 80 percent market share. Where are they going to go from here but down?" said Philip Remek, a senior equity analyst with Guzman & Co. in Miami.
In its announcement, the company did not explain the reasons for its move. Several Wall Street analysts said a sale is the most likely outcome. Univision shares closed Friday at $34.70, up 11 percent for the week.
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