Entries in ABC (3)


ABC, Univision Announce Name of New Cable Network

ABC | Univision(NEW YORK) -- Television networks ABC and Univision announced on Monday the name of their new cable network targeting U.S. Hispanics and that it will launch in the second half of 2013.

Five cable operators, including Cablevision, Charter, Cox, AT&T U-verse and Google Fiber, have already agreed to carry the new channel, Fusion.

The companies say the new network will serve 50 million Hispanics, focusing on the issues "most relevant" for the youngest and fastest-growing demographic in the U.S.  The network's coverage will include "the economy, entertainment, music, food, immigration, pop culture, education, politics, health and wellness and more," according to a statement released jointly by ABC and Univision.

With spending power of over $1 trillion, Hispanics represent 16 percent of the total population in the U.S., a number that is projected to double to 30 percent by 2050.

"We're thrilled to be partnering with Univision to launch Fusion," said Anne Sweeney, co-chair, Disney Media Networks and president of the Disney/ABC Television Group, in a statement.  "Our collaboration will bring unmatched reporting capabilities and understanding of issues and entertainment that resonate with the Hispanic community, one of the fastest growing and important demographic communities in the U.S."

The joint venture between ABC News and Univision was announced in May 2012.

ABC News, owned by the Walt Disney Company, owns half of the joint-venture, while Univision News, owned by Univision Communications, Inc., based in New York City, owns the remaining half.

"The launch of Fusion will be a major milestone in Univision's 50 year history of service to the Hispanic community," said Cesar Conde, president of Univision Networks, in a statement.  "We're thrilled to partner with ABC News in this exciting new network that will extend Univision's unequaled coverage of Hispanic issues and lifestyle to English-dominant audiences for the first time."

The two companies had previously announced that the then-unnamed company will be based in Miami.

Copyright 2013 ABC News Radio


ABC's 'Day of Giving' Campaign Raises $15M for Sandy Relief Efforts

Mark Wilson/Getty Images(NEW YORK) -- All day Monday, ABC joined the American Red Cross for a "Day of Giving," urging viewers to donate money to Hurricane Sandy relief efforts.

The "Day of Giving" campaign was promoted on ABC shows such as Good Morning America, Dancing with the Stars and Jimmy Kimmel Live!  At last word, it had raised over $15.6 million, including a match of $3 million from Samsung.

GMA had several celebrities work a phone bank, accepting donations from viewers.  Those stars included Barbara Walters, Ben Stiller, Ethan Hawke, Nicole "Snooki" Polizzi, Rachael Ray, Tony Danza, Cameron Mathison, Anthony Edwards, Ana Gasteyer, Daisy Fuentes and Andrew Shue.

Danza said the devastation caused by the storm has brought people together.

"No matter who you are or where you come from, we're all people and we all have to pull together to get through this," he said.

Snooki said she is still without power, but wanted to help people who are worse off than she is.

Hawke noted the storm has impacted his off-Broadway play, Ivanov.

He said, "I've only had one show ever canceled, which was Sept. 11, and now we had six canceled, a whole week of performances canceled, that's the only way that I can really grade the scale of this 'cause it always takes me a while to register...this is really serious."

Copyright 2012 ABC News Radio


Exclusive: Obama Says JPMorgan "One Of The Best-Managed Banks"

Peter Foley/Bloomberg via Getty Images(NEW YORK) -- Just hours after a top JPMorgan Chase executive retired in the wake of a stunning $2 billion trading loss, President Obama told the hosts of ABC’s The View that the bank’s risky bets exemplified the need for Wall Street reform.

“JPMorgan is one of the best managed banks there is. Jamie Dimon, the head of it, is one of the smartest bankers we’ve got and they still lost $2 billion and counting,” the president said. “We don’t know all the details. It’s going to be investigated but this is why we passed Wall Street reform.”

Furthermore, if a powerhouse like JPMorgan is hit by an error that the bank’s own CEO called “egregious,” the president questioned what might happen to smaller institutions.

“This is one of the best managed banks. You could have a bank that isn’t as strong, isn’t as profitable managing those same bets and we might have had to step in. That’s why Wall Street reform is so important.”

While touting his efforts to rein in the Wall Street behavior that led to the massive taxpayer bailout of the banks following the financial crisis, Obama noted his administration is still fighting for tough reform.

Pivoting to November, the president said Wall Street reform is one of the many critical areas where he and his Republican challenger, presumptive GOP nominee Mitt Romney, have a different vision for the future.

The president’s full interview will air Tuesday on The View at 11 am (ET).

Copyright 2012 ABC News Radio

ABC News Radio