Univision-ABC Will Set Up New Network In Miami
MIAMI (CBSMiami) -- Gov. Rick Scott and local officials will announce this week that a Univision-ABC joint venture for a new cable network will be based in Miami, likely bringing about 350 jobs to South Florida.
CBS4 News partner The Miami Herald reported Tuesday that Scott will make the announcement Wednesday when he speaks at the Beacon Council annual meeting in Miami.
The group helped secure more than $3 million in local subsidies over five years for the planned English-language cable network.
"If there is a place to have a 24-hour network for Hispanics, it's Miami," Miami Mayor Tomas Regalado told the Herald.
The partnership will spend about $275 million on the network and crate a major new studio.
It's not known where the studio will be built but documents show the network will be constructing a 150,000 square foot headquarters, a facility that would be too large for Univision's current facility in Doral. Univision is expected to find a location near its current headquarters, if not next to it.
The network is projected to be available for viewing on cable and satellite by the summer of 2013.
While Univision produces English content for its website, the ABC venture will be its first entry into English-language broadcasting.
It'll offer programming in English that's designed for a Latin audience that doesn't speak Spanish and also non-Hispanics interested in what's influencing Hispanics.
(©2012 CBS Local Media, a division of CBS Radio Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. CBS4 news partner The Miami Herald contributed material for this report.)
