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Univision confirms Vincent Sadusky as new CEO

Univision Communications Inc. on May 30 confirmed that former Media General Inc. chief Vincent Sadusky will succeed Randy Falco as CEO of Univision, effective June 1.

Sadusky, who served as president and CEO of Media General from 2014 to 2017, will also become a member of Univision's board of directors.

In March, Univision confirmed reports that Falco intended to step down from his chief executive role. The announcement of Falco's departure came after parent Univision Holdings Inc. asked to withdraw its proposed IPO "due to prevailing market conditions."

Falco will remain an adviser to the company until the end of 2018.