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Univision news anchor Jorge Ramos. Photo by Paul Marotta/Getty Images.

Univision has scrapped its IPO plans, citing "prevailing market conditions." The group also announced that Peter Lori will replace Frank Lopez-Balboa as chief financial officer.

Bottom line: The Spanish-language broadcaster originally filed for its IPO in 2015, but the process has been stalled for some time. Expect it to eventually seek a buyer, with one private shareholder telling Axios that "there are bankers climbing all over them."

Our thought bubble: Univision will face a challenge trying to find a buyer that's willing to pay more than the $13 billion-plus Discovery reportedly offered last year.

Why now? Broad market conditions seem okay, although traditional broadcasters have struggled to retain viewers. Moreover, Bloomberg notes that Univision may lose eyeballs later this year to Comcast-owned Telemundo, when the latter airs the World Cup.

Despite secular pressure, Univision has continued to perform well in prime-time, finishing 2017 as the top Spanish-language network in prime-time for the 25th consecutive year across a key advertising demo of 18-49. It also has maintained a robust digital audience.

Go deeper

Ben Geman, author of Generate
2 hours ago - Energy & Environment

Colonial pipeline hack: Key takeaways from Biden's first energy crisis

Illustration: Shoshana Gordon/Axios

Restoration of the Colonial Pipeline, the huge East Coast gasoline artery, is the beginning of the end of a crisis that prompted a White House logistical and political scramble.

Catch up fast: Late Wednesday afternoon, Colonial began a restart of the 5,500-mile line that shut down nearly a week ago after a ransomware attack.

New Jan. 6 body camera footage shows Trump supporters attacking officer

New body camera footage obtained by CNN shows the moment a DC police officer was brutally attacked by Trump supporters during the Capitol Hill insurrection.

Driving the news: The release of video comes a day after Republican members of Congress sought to downplay the Jan. 6 events, with some lawmakers calling the rioters "peaceful patriots" and comparing them to tourists.

Mike Allen, author of AM
4 hours ago - Politics & Policy

Liz Cheney's plan to take on Trump

Cheney speaking to reporters after being removed as GOP conference chair yesterday. Photo: Kevin Dietsch/Getty Images

Rep. Liz Cheney (R-Wyo.) plans to make her purge the beginning of a new movement, with campaign travel, fundraising and speeches to challenge Donald Trump for ideological dominance of the GOP.

Driving the news: Sources in Cheney's camp tell me her message will be the importance of the truth, the need to move past Trump, and a push to articulate conservative policy and substance to combat Democrats.