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Televisa, Univision Settle Lawsuit

1/24/2009 02:00:00 AM Eastern

Grupo Televisa and Univision Communications announced late last week that they have amended the current program license agreement that will keep Televisa's popular Spanish-language programming flowing to Univision, the dominant Hispanic network in the U.S., until 2017.

The settlement of a lawsuit filed four years ago by Televisa will cost Univision dearly. According to published reports, a lawyer for Televisa says the Mexican broadcaster will receive $65 million of advertising time on Univision stations every year, and receive $25 million in cash from Univision.

Televisa's four-year-old lawsuit claimed its contact had been breached by Univision, and said it was severely underpaid for royalties. Univision previously had been paying Televisa $130 million for programming.

 

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