ABC News' and Univision News' Lifestyle Network for Hispanics Will Start in 2013

ABC News and Univision News today announced their joint venture news andlifestyle network for U.S. Hispanics will be based in Miami, Florida.The new company will be dedicated to informing, empowering and inspiringHispanic Americans in English while providing all audiences uncompromisingcoverage of current events with a unique perspective."This is a continuation of Univision's investment in Miami-Dade County and theState of Florida," said Cesar Conde, president of Univision Networks. "TheMiami-based operation will be the largest of its kind with state-of-the-artproduction capabilities that will generate new jobs and attract television'sbrightest talent to South Florida.""We look forward to becoming an integral part of the Miami-Dade community andits robust and rich media culture,” said Ben Sherwood, president, ABC News.“From our new headquarters in South Florida, we'll build the network of thefuture to serve the many millions of Hispanics all across America.”ABC News and Univision News also announced today that seasoned digital mediaexecutive Miguel Ferrer will be the first executive producer, Digital for thenew company. He will oversee all digital properties and work closely with thead sales, distribution and editorial teams. Ferrer was most recently themanaging editor of the Huffington Post's Black Voices, Latino Voices(English-language) and Voces (Spanish-language) sites. Ferrer starts October30 and will divide his time between New York and Miami. The President and CEOand other executives on the management team are expected to be announced laterthis year.The currently unnamed television network is expected to launch in 2013.Editorial coverage will focus on the issues most relevant for U.S. Hispanics,including the economy, entertainment, music, food, immigration, education,politics, health and wellness and more.