Univision Taps Vincent Sadusky As CEO

Vincent Sadusky

Univision Communications Inc. has tapped media veteran Vincent Sadusky as chief executive, succeeding Randy Falco at the troubled Spanish-language broadcaster, according to Marketwatch citing people familiar with the matter.

Sadusky, the former CEO of broadcaster Media General Inc. and a longtime executive at Univision rival Telemundo, is slated to start as soon as June 1, one of the people said.

Sadusky will join Univision at a tumultuous time for the company, which earlier this year announced it was scrapping a planned initial public offering that would have offered a long-desired exit for the media firm’s private-equity owners. Shortly after, The Wall Street Journal reported that Univision’s board was preparing to search for new leadership and had hired a consulting firm to review the business for significant cost cuts.

In the wake of the canceled IPO, Univision replaced its chief financial officer and then announced that Falco had informed the board that he planned to retire at the end of 2018, when he will turn 65.