Disney is in talks to exit Univision venture

The Walt Disney Co. is in talks with Spanish language broadcaster Univision to sell its stake in Fusion, the joint venture started by the two companies two years ago, according to multiple media reports.

Fusion is an English language digital news service and cable channel aimed at millennial audiences. Its chief executive is Isaac Lee, who also oversees digital and multicultural functions at Univision.

Over the years Fusion has struggled to define its identity and deliver large audiences. The cable channel has faced challenges attracting viewers in an era when TV networks face sharp ratings declines, particularly among younger viewers.

A spokesman for Disney declined to comment.

The New York Times

This story was originally published December 23, 2015 at 1:56 PM with the headline "Disney is in talks to exit Univision venture."