* Unnamed channel will launch in 2013
* Targeting Hispanics
* Will share newsgathering and production costs
May 7 ABC News and Univision are launching a new
network in a joint venture targeting Hispanics, the companies
said on Monday.
The unnamed English-language channel will launch in 2013.
ABC and Univision will share newsgathering and production
costs. Exact terms of the venture were not disclosed.
"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," Anne Sweeney, co-chair, Disney Media
Networks and president, Disney/ABC Television Group, said in a
Walt Disney Co owns ABC News.