The US ' largest Spanish-language broadcaster has agreed to a record $24 million fine for failing to meet government rules for educational children's programming, an Associated Press report said.
The Associated Press report, quoting a Federal Communications Commission official, said the penalty is part of a consent decree that would pave the way for Univision Communications Inc. to complete its $12.3 billion sale to private investors.
The decree awaits approval by a majority of the agency's five commissioners, the report said.
The Associated Press report also said the fine is part of a deal that would transfer Univision's broadcast licenses to the investors.
A vote could come at any time, said the agency official who confirmed the fine, which Martin first disclosed to the newspaper. The official spoke on condition of anonymity because the commission has yet to vote.
Messages left at Univision's New York and Miami offices were not immediately returned, the report said.
