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Televisa eyeing 40% of Univision

Mexico's GrupoTelevisa SA, along with UnivisionCommunications Inc., filed a petition with the Federal CommunicationsCommission to permit foreign investment more than the current benchmark of 25%,Rapid TV News reported July 25.

Televisa, which owns 10% equity in Univision currently, is reportedlyplanning on owning a 40% stake in Univision, thereby becoming the main investor.Televisa currently supplies 35% of Univision's programming and 50% of its contentacross all platforms.

The FCC has reportedly taken the petition under consideration,with the final decision expected to be in September.

Televisa plans to increase its equity by reportedly investingin Univision through its planned initial public offering, which is likely to happenbefore year's end.