Telemundo is owned by Comcast (the United States, NASDAQ: CMCSA), which acquired the brand on 28 January 2011.[1][2] Telemundo was founded in 1984 in Miami, Florida and was independent until 2011.
Telemundo is the second largest Spanish-language broadcaster in the United States and produces much of its own drama in Miami rather than importing it. It competes directly with Univision for an audience of more than sixty million people. Its telenovelas are exported across Latin America, so a network built for American viewers has become a substantial programme supplier to the countries its audience came from.
Comcast took majority control of NBCUniversal from General Electric in a transaction valuing the business at about $30 billion, contributing cable channels and $13.75 billion in cash. It turned the largest American cable distributor into a studio owner, and regulators imposed conditions on how it treated rival programmers.