CNN and CNN Money: CNN’s $10 billion deal with Univision was just the beginning
CNN’s deal with Spanish cable channel Univision is the biggest deal in the history of American cable television.
The network has agreed to buy the majority stake in the Spanish-language network, which has a 30 percent stake in CNN, for $10.4 billion.
The deal is subject to approval by CNN’s board, which includes CNN Chairman Jeff Zucker and CNN CEO Jeff Zucker.
CNN’s acquisition of Univision, which will be known as CNN, means that CNN will own a 50 percent stake of the company.
The company has also acquired the rights to the “Cinema de las Américas” series that is a staple of the Spanish language entertainment channel, according to CNN.
The news network will launch a new news channel in Spanish, CNN Alta, according a press release.
Univision and CNN’s relationship began in 2015 when CNN launched the “Univision Sports Network” in Spanish-speaking markets.
The channel also launched in Spanish in Latin America, where it now has more than 400 channels.
The Spanish-subsidy deal is the first of its kind for CNN and marks the start of a new era for the network.
“CNN has always believed that it is the future of the media landscape,” Zucker said in the press release, adding that CNN is a global leader in storytelling and journalism.
The CNN-owned network has produced more than 1,200 original shows and is considered a “must-watch” destination for viewers, with more than 80 million viewers across its platforms.
The price tag for the deal is $10,4 billion, according CNN, which says it will pay about $5.5 billion in cash and stock.
CNN, the biggest cable TV network in the United States, has been expanding its Spanish-service in recent years and has invested more than $4 billion in the business, including $2 billion to expand the Spanish channels in the US.
The acquisition of CNN and Univision marks the end of a long-running feud between CNN and the Spanish government over a series of anti-government protests in the country.
In 2016, the company settled a lawsuit over a video clip showing a CNN reporter being punched in the face by a masked protester.
In March, CNN announced that it was pulling the Spanish channel “Cómo” from its platforms, citing “irreconcilable differences” with the government over its coverage of the protests.
CNN was sued in February by the Spanish Justice Ministry for “incitement of violence” over its reporting of the events.
CNN has also lost two libel cases in Spain, for reporting a video of a protest march by Catalan separatist leaders that the Spanish state said led to the deaths of three protesters.
The lawsuit alleged that CNN did not report on the violence.
The decision to end the Spanish network is the latest in a string of controversial moves by the company in recent months.
In July, CNN cut ties with CNN International after two former CNN journalists accused the network of failing to provide enough information to viewers about the deadly Barcelona bus bombings in 2016.
CNN also fired an employee in July for using an alias in an effort to cover the news.
The announcement about the CNN-Alta deal came on the same day that CNN announced it was ending a series that ran on Spanish-owned broadcaster Cadena SER in the run-up to a referendum on independence from Spain.
The show, “Alta del Mundo,” was one of the last episodes in the new series of the Catalan-language broadcaster, which ran on CNN in English, and was one in a series called “El Mundo” that ran in Spanish from 2013 to 2014.