Bingham

Bingham

Bingham Secures $600M Settlement for Televisa

Jan. 22, 2009 — Santa Monica partner Jonathan Loeb secured a settlement valued at several hundred million dollars for client Grupo Televisa S.A.B. to conclude its three-year litigation against Univision Communications Inc. The settlement was reached three weeks into trial in District Court in Los Angeles before the Hon. Philip Gutierrez. Televisa, the leading Mexican producer of telenovelas, sued Univision in 2005, alleging the U.S. broadcasting giant excluded certain programs from a 25-year Program License Agreement, which requires Univision to pay royalties to Televisa on its advertising revenues in exchange for Televisa programming. To settle the suit, Univision agreed to pay Televisa $25 million in cash, to amend the parties’ agreement to expand the base upon which the royalties are calculated, narrow the exclusions to the royalty base, and to provide Televisa with free advertising time worth $65 million a year through 2017. Santa Monica associate Kristen Grace assisted.

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