Univision Sale to Searchlight OK’d by FCC

WASHINGTON—Most of Univision’s sales to investment groups Searchlight, ForgeLight and Grupo Televisa have been approved by the FCC’s Media Office, giving the trio a majority stake in the Spanish broadcaster and its broadcasters.

In addition, the FCC granted Univision’s petition for a ruling so that the resulting company would exceed the FCC’s 25% foreign ownership limit, as long as it complied with national security and law enforcement rules set by the Department of Justice.