Entries in Partnership (2)


ABC News, Univision Announce Multiplatform News, Lifestyle Service

ABC News/Univision(NEW YORK) -- ABC News announced Monday morning that it plans to join forces with Univision News to create a multiplatform news, lifestyle and information programming service aimed at U.S. Hispanics.

Both organizations promised in a statement to provide "uncompromising coverage of current events with a unique perspective" with the around-the-clock, English-language television network and digital platform.  Both will cater to the country's more than 50 million Hispanics with programming focused on news, lifestyle and culture.  The television network will be staffed by journalists from ABC News and Univision News.

A website, mobile and social media content are expected to debut this summer.  The unnamed television channel is expected to launch in 2013.  Editorial coverage will focus on the issues most relevant for U.S. Hispanics, including the economy, jobs, health care, immigration, education, politics, entertainment, health and wellness and more.

"This exciting joint venture represents the latest example of our long-term strategy to broaden the reach of ABC," Anne Sweeney, president of the Disney-ABC Television Group, said in a statement.  "Our powerful premier news brand, combined with the world's leading Hispanic media company, will create the nation's first news and lifestyle channel targeted to this quickly expanding and important community."

Cesar Conde, president of Univision Networks, said in a statement, "For more than five decades Univision has been the leader in serving Hispanics in the U.S. and this joint venture is an extension of our vision to deliver the most relevant news and information, regardless of language, to all Hispanics."

ABC News president Ben Sherwood said in a statement, "All of us at ABC News are thrilled to work with Univision.  Our mission is clear: To offer culturally relevant news, information and lifestyle programming to the large and thriving Latino audience in the United States.  In these times of rapid change, we are very excited about this opportunity."

Isaac Lee, president of Univision News, called the combined effort "an important moment for journalism in the U.S. and for the U.S. Hispanic community" that will "provide all audiences with a multiplatform current events perspective on the issues that matter most to Latinos."

A management team is expected to be announced this summer.  The network will have anchors and correspondents in major cities across the United States.  Additionally, ABC News and Univision News will share newsgathering and production resources. 

Copyright 2012 ABC News Radio


BP Partners with Indian Company Reliance for Oil, Gas Stakes

Photo Courtesy - Jim Watson/AFP/ Getty Images(LONDON) -- BP announced Monday it will partner with India's largest private sector company, Reliance Industries Limited, taking a 30 percent stake in 23 oil and gas production contracts operated by Reliance.

BP will intially pay Reliance $7.2 billion for the stake, and could later pay the Indian-based company payments of $1.8 billion based on the development of commercial discoveries that result from successful exploration.  All combined, the payments could amount to $20 billion.

The partnership will form a 50/50 joint venture between both companies for the sourcing and marketing of gas in India and will try to speed up the creation of infrastructure for receiving, transporting, and marketing the fuel source in the country.

Mukesh Ambani, the chairman and managing director of Reliance Industries Limited, said, "We are delighted to partner with BP, one of the largest energy majors and one of the finest deep water exploration companies in the world.  This partnership combines the skills of both companies and will be focused on finding more hydrocarbons in the deep water blocks of India and significantly contribute to India's energy security."

Copyright 2011 ABC News Radio

ABC News Radio