U.S. HISPANIC MEDIA TO GROW 11% IN 2005
Again Outpace Mainstream Media's 4% Annual Growth Rate
PRESIDENT OF UNIVISION RADIO STEPS DOWN
McHenry Tichenor Jr. to Stay on Hispanic Media Giant's Board
All of Univision's businesses -- TV, radio, online and music -- will now report to Mr. Rodriguez. He will also continue as president of the TV network.
For the last four years, business heads have reported directly to Univision's chairman-CEO, A. Jerrold Perenchio, since the August 2000 departure of Henry Cisneros, who became the former Secretary of Housing and Urban Development and was a past mayor of San Antonio.
Mr. Rodriguez, who was born in Cuba, previously worked at accounting firm Deloitte & Touche. Before he joined Univision in 1990 as vice president and director of talent relations, he was the CEO and worldwide manager of entertainer Julio Iglesias. At Univision, Miami-based Mr. Rodriguez was promoted to president of the Univision TV network in 1992 when Mr. Perenchio and a group of investors took control of Univision. He has also been president of Univision's cable network Galavsion since 2001 and second broadcast network TeleFutura since its launch two years ago.
Recent management changes
In other recent management changes, McHenry "Mac" Tichenor Jr., the president of Univision Radio, left Univision at the end of 2004. Mr. Tichenor sold his family's Hispanic Broadcasting Corp. to Univision Communications in September 2003, giving the Spanish-language media giant the radio division it lacked. The radio division's day-to-day operations are being run by Chief Operating Officer Gary Stone while the company conducts a search for Mr. Tichenor's successor.
Separately, Ron Furman, the executive vice president of network sales and marketing who was widely credited with negotiating Miller Brewing Co.'s multiyear $100 million integrated media deal with Univision, left the company in December 2004. His position is not expected to be filled.