RCN Television Group Purchases FOX International Channels' Interest in U.S. Hispanic Broadcast Network MundoFox

Jul 16, 2015, 13:53 ET from RCN Television Group

LOS ANGELES, July 16, 2015 /PRNewswire/ -- RCN Television Group (RCN) today announced that RCN has purchased the entire interest of its joint-venture partner, FOX International Channels (FIC), in the U.S. Spanish language broadcast network, MundoFox.

MundoFox was launched in the Fall of 2012 as the third national broadcast television network catering to the U.S. Hispanic market from one of the major broadcasting companies in the country.  The network has been home to such successful shows as EL CAPO; ALIAS EL MEXICANO; JOSE DE EGIPTO; SULEIMAN, EL GRAN SULTAN and 100 LATINOS DIJERON.  The network has over 50 affiliates and serves the major U.S. Hispanic metropolitan markets.

"RCN is excited to be carrying on the MundoFox network that we started jointly with our partner FIC," said Ibra Morales, who will continue to lead the management team at the broadcast network.  "We look forward to serving the remarkably vibrant and dynamic U.S. Hispanic community with our successful programs and are proud to dedicate our efforts to the continuous growth and success of the network."

RCN TELEVISION GROUP
RCN is a leading television network and production company with a long track record of highly acclaimed series and telenovelas. The company belongs to the Organizacion Ardila Lulle (OAL), one of the most prominent industrial conglomerates in Latin America. RCN currently licenses its content in over 120 countries worldwide, including some of the biggest Spanish-language hits of recent years in the U.S., such as productions of "El Capo", "Cafe Con Aroma de Mujer", "Yo soy Betty la Fea" and "Pura Sangre", and format rights for "Destilando Amor", "Manana Es Para Siempre", "Hasta Que El Dinero Nos Separe" and "La Fea Mas Bella" ("Ugly Betty"). RCN also operates and programs four cable networks in Latin America and the US focused on entertainment (Nuestra Tele, RCN Novelas), news (NTN24) and sports (WIN Sport). RCN was advised by Sidley Austin LLC and PanAmerican Capital Partners LLC. In operation: since July 10, 1998.

Contact:
Julian Giraldo
RCN International Distribution
Tel: +1 646 509 2940
Email: jgiraldo@rcntv.com.com

SOURCE RCN Television Group