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Report: Univision shelves IPO plan for 2016

UnivisionCommunications Inc.'s board has decided against an initial publicoffering in 2016 due to market conditions, the New York Post reported Sept. 25, citing sources with knowledge ofthe details.

The news comes as the company is awaiting permission fromthe FCC to allow shareholder Grupo Televisa SA to increase its in Univision to 40% from 10%.

According to a reportin July, the FCC is expected to issue its final decision regarding Televisa'spetition for a stake increase in September.