|
COPYRIGHT 2005 The Miami Herald
Byline: Christina Hoag
Feb. 20--When Ray Rodriguez got a long-in-coming promotion to president and chief operating officer of Univision Communications two weeks ago, congratulations poured in.
Wall Street applauded the news. Colleagues said it was well deserved. Industry peers noted the move finally formalized a role the 54-year-old Rodriguez, as president of Univision's TV networks, in effect had played for years.
But back in Univision's Los Angeles boardroom, the appointment of the limelight-shunning Coral Gables resident ripped off the scab in a long festering feud among the three billionaires vying for control of the country's largest Spanish-language media company.
On one side of the table is the reclusive ex-sports promoter and Hollywood wheeler-dealer who holds the trump card of more than half Univision's voting stock: Chairman and CEO Jerry Perenchio. The Rodriguez appointment was his idea.
On the other are two Latin American media moguls: 36-year-old Emilio Azcarraga Jean, chairman and chief executive of Televisa of Mexico; and Venevision Chairman Gustavo Cisneros, 58, of Venezuela.
Two of Univision's largest stockholders, they sit on the...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
