Univision acquires outright stake in Fusion from Disney-ABC

Univision has purchased Disney-ABC’s equity in the millennial-oriented media company Fusion, taking an outright stake in the company. (Fusion had previously been a joint venture between Disney-ABC and Univision.) Univision will now be creating the Fusion Media Group, a unit composed of other Univision properties such as The Onion, Flama, The Root, El Rey, Univision Music, and Univision Digital. Some of these units are very recent acquisitions and initiatives, indicative of Univision’s increasingly robust efforts to reach millennial audiences. But never before have those efforts been unified like this. Isaac lee, CEO of Fusion and Chief News and Digital Officer at Univision, is set to oversee the new group. Fusion execs Boris Gartner and Daniel Eilemberg will become Fusion’s co-Presidents. Eilemberg will serve as Chief Content Officer, while Gartner will serve as Chief Operating Officer.

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