Univision

"As I was racing around in those early days trying to build up our assets I was also planning to turn the television stations we’d bought with Silver King into a national network. It was unbridled, brainless ambition. Hauling endless bricks of programming up such a steep hill just wasn’t worth the toil. Thankfully, a better brick, a gold one, got thrown over our transom. Jerry Perenchio, a truly great entrepreneur and generous gentleman, had just bought Univision, the Spanish-language network, and he thought our stations would further his distribution. He offered us a whopping $950 million. I cashed the check as soon as it arrived. This ended our very short-lived experiment in programming local television stations, and I was relieved to be out of it. I was just learning the difference between extremely difficult business models and internet-enabled virtual ones that flowed fast from idea to adoption. I was also learning to take advantage of luck and circumstance, which made a lot more entrepreneurial sense than trying to pull off an old media idea born only out of my native optimism."

"The expansion of the television business undertaken by Don Emilio was not limited to Mexico. The same year he sold his stake in RPM he acquired a station in Texas, which would become the cornerstone of the Spanish International Network, the first and largest Spanish-language television network in the United States, today known as Univision."