Feb 25, 2020 - Economy & Business

Univision sells majority stake to private investors

Photo: Robyn Beck/AFP/Getty Images

Univision, the largest Spanish-language broadcaster in the United States, announced plans Tuesday to sell the majority of its company to a group of investors led by former Viacom CFO Wade Davis. Deal terms were not disclosed.

Why it matters: The company had been struggling to find a strategic buyer since it said it was putting itself up for sale last year.

Details: Searchlight Capital Partners and ForgeLight will acquire a majority stake (64%) in Univision, per a statement from the network. Mexican TV giant Televisa will retain its ~36% stake in Univision.

  • Media veteran Wade Davis will become CEO of Univision upon closing, replacing Vince Sadusky, who had been with the network's CEO since 2018.

Go deeper: Univision cancels IPO plans, sale process likely

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DNC announces Biden-Sanders debate will be moved to D.C. due to coronavirus

Photo: Win McNamee/Getty Images

Sunday's Democratic debate between Joe Biden and Bernie Sanders will be moved from Phoenix, Arizona, to CNN's studio in Washington, D.C., and feature no live audience due to concerns about the spread of the coronavirus.

Why it matters: The primary season, in which the two main candidates are in their late 70s, must find ways to adapt in the face of a global pandemic.

DNC requirements likely prevent Tulsi Gabbard from qualifying for March debate

Elizabeth Warren, Joe Biden, Bernie Sanders. Photo: Joe Raedle/Getty Images

Another Democratic debate is slated for Sunday, March 15 in Phoenix, days before the Arizona primary, the Democratic National Committee announced, for which the three remaining 2020 candidates must earn at least 20% of the delegates awarded so far.

The big picture: This will be the 11th debate during the primary process, falling after Super Tuesday, where results could winnow the field of candidates even further. Specifics have yet to be announced regarding qualifications. CNN, Univision and CHC BOLD, the political arm of the Congressional Hispanic Caucus, are expected to host.

Go deeperArrowUpdated Mar 6, 2020 - Politics & Policy

State-by-state delegate results: Biden surges on Super Tuesday

Chart: Naema Ahmed/Axios

Polls have closed in every Super Tuesday state, with Joe Biden pulling off upsets in states like Massachusetts and Minnesota, and Bernie Sanders projected to win the delegate-rich state of California.

The big picture: There were 1,338 delegates at stake on Tuesday night — and a candidate needs 1,991 to reach an outright majority.

Go deeperArrowUpdated Mar 4, 2020 - Politics & Policy