Grupo Cisneros is a privately held, family owned business headquartered in Coral Gables, Florida, historically based in Venezuela, with a focus on Latin American and Spanish-speaking people worldwide.
In 1940, rapid growth led to the acquisition of the exclusive license manufacture and bottling concession of Pepsi-Cola products in Venezuela, which established the company's fortune.
This included the sale of the then-only privately-owned channel in Venezuela, TeleVisa aka Televisión Venezolana Independiente SA, which went into bankruptcy.
Cisneros purchased TeleVisa, and began airing channel 27 on February 27, 1961, resuming uninterrupted transmissions on March 1, 1961.
In 1992, as part of a consortium of American businessman Jerry Perenchio, Mexican entrepreneur Emilio Azcárraga Milmo, and Grupo Cisneros bought Univision for $500 million.
[6] In 1995, Grupo Cisneros partnered with Hughes Electronics Corporation to provide all-digital direct-to-home satellite television service throughout Latin America.
Cisneros Media Distribution is currently one of the main programming suppliers for Univision, the leading Spanish-language television network in the United States.
A corporate division of Cisneros develops digital businesses for Hispanic audiences in the United States and Latin America.