On July 2 the Houston Chronicle reported on Spanish-language broadcasting company Univision’s filing to launch an initial public offering of its stock. The Chronicle reported bits and pieces of information from Univision’s Securities and Exchange Commission filing but these days the story often isn’t what’s reported; it’s what’s NOT reported—and why the drive-bys fail to do their job reporting the real reason why Jorge Ramos of Univision is having a hissy-fit over Donald Trump’s candidacy for President of the United States.

Challenge everything.

Here’s what the Chronicle reported about the Univision IPO:

The New York-based company said Thursday that it expects to raise up to $100 million in the offering. It did not say how many shares it will sell or how much they will cost. It expects the stock to trade on the New York Stock Exchange or on Nasdaq under the symbol “UVN.”

Proceeds from the IPO will be used to repay debt and for general corporate purposes.

Univision’s principal unit is Media Networks, which operates Univision Network and UniMas. It also operates nine cable networks, including Galavision and the sports cable network Univision Deportes. It also operates 67 radio stations. The company says it reaches over 49 million viewers monthly.

The company expects growth along with the Spanish-language market. The demographic represented 57 million people in the U.S. and is projected to grow to 77 million by 2030 (can you say Comprehensive Immigration Reform legislation needed for growth in viewership and revenues?). Univision also said it is the youngest demographic in the U. S., with 60 percent of the U.S. Hispanic populations being 34 or younger as of 2012.

What was NOT reported or included in the article?

A link to the Univision IPO Form S-1 on the Securities and Exchange Commission where Univision discloses its Risk Factors (as they are required to), chief of which is a slow-down in immigration into the U.S. and the impact of federal and state immigration legislation and policies:

We believe a substantial portion of our growth will result from projected increases in the U.S. Hispanic population and by projected increases in their buying power. Factors that impact the U.S. Hispanic population, including a slow-down in immigration into the U.S. in the future, the impact of federal and state immigration legislation and policies on both the U.S. Hispanic population and persons emigrating from Latin America could affect the growth of the U.S. Hispanic population and, as a result the demand for our Spanish-language programming.

If the U.S. Hispanic population grows more slowly than anticipated, the projected buying power of the U.S. Hispanic population may not grow as anticipated. In addition, economic conditions, such as unemployment, that disproportionately impact the U.S. Hispanic population could slow the growth of, or reduce, the projected buying power of U.S. Hispanics. If the U.S. Hispanic population or its buying power grows more slowly than anticipated, it could have a material adverse effect on our business, financial condition and results of operations.

Now take a look at the list of key officers, executives and directors of Univision Holdings, Inc. –see any familiar names?

How about former San Antonio Mayor and former Secretary of Housing and Urban Development Henry G. Cisneros?

With Univision’s need to repay its debts and dependency on an open-borders immigration policy, don’t you think Univision Holdings, Inc.’s key shareholders and the underwriters of Univision Holdings, Inc.’s IPO could be a tad nervous right now?

No surprise the media drives right on by this issue—-Jorge Ramos has succeeded in drawing attention to the financial damage that will occur to Univision and its subsidiaries, affiliates and shareholders if the IPO is withdrawn or postponed as a result of a slow-down in immigration into the United States and Presidential candidates supporting any policy other than open borders.

 

UPDATE: Seems the Teachers Retirement System of Texas is among the investors of CityView. Mr. Cisneros currently serves on the board of directors of CityView.