Grupo Televisa S.A.B. has reached a settlement valued at several hundred million dollars in litigation against Univision Communications Inc. The settlement was reached three weeks into trial in a Los Angeles federal court. Televisa, the leading Mexican producer of telenovelas, filed suit against Univision in 2005, alleging the U.S. broadcasting giant excluded certain programs from a 25-year Program License Agreement. That agreement required Univision to pay royalties to Televisa on its advertising revenues in exchange for Televisa programming. Under the settlement Univision agreed to pay Televisa $25 million in cash. It also agreed 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.
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