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Univision Communications Inc., the country’s numero uno Spanish-language television network, hopes to become supremo in a new medium with its $3.5 billion stock offer for Hispanic Broadcasting Corporation, the top Latino radio group. Univision owns 50 TV stations across the United States; Hispanic Broadcasting controls 55 radio stations. Clear Channel Communications, Inc., the radio giant that owns 26 percent of Hispanic Broadcasting, supports the acquisition. But Spanish Broadcasting System, Inc.-which once hoped for its own merger with Hispanic Broadcasting-is trying to jam the deal. Just hours after Univision announced its plans, Spanish Broadcasting System sued Hispanic Broadcasting and Clear Channel in Miami federal court for alleged past anticompetitive behavior. The Latino audience has become increasingly attractive to corporate America. Univision’s closest TV rival, Telemundo Communications Group, Inc., was recently acquired by the National Broadcasting Company, Inc. For acquiror Univision Communications Inc. (Los Angeles) In-house: General counsel C. Douglas Kranwinkle, deputy general counsel Phyllis Verdugo, and legal counsel John Aceves. O’Melveny & Myers (Los Angeles): Corporate: Kendall Bishop, Robert Haymer, Allison Keller, and associates Erin Chrislock, Kenneth Firtel, Robert Miller, and Eric Zabinski. Tax: Robert Blashek III. Antitrust: Richard Parker. Employee benefits: associate Robert Lowe. Real estate: associate Aline Taireh. (All are in the firm’s Century City, California, office, except for Parker, who is in Washington, D.C.) The firm is longtime outside counsel to Univision. Shaw Pittman (Washington, D.C.): FCC matters: Scott Flick. The firm has a long-standing relationship with Univision. Howrey Simon Arnold & White (Washington, D.C.): Antitrust: Edward Henneberry, James Rill, John Taladay, and associate Ramsey Wilson. The firm has represented Univision in other matters. For target Hispanic Broadcasting Corporation (Dallas) Vinson & Elkins (Houston): Corporate: Mark Early, Michael Wortley, and associates James Kull, Victoria Mitchell, and Andrew Wright. Antitrust: Neil Imus. (All are in the firm’s Dallas office, except for Imus, who is in Washington, D.C.) The firm has served as outside counsel to Hispanic Broadcasting for several years. Cohn and Marks (Washington, D.C.): FCC matters: Lawrence Cohn and Roy Russo. The firm has a long-standing relationship with Hispanic Broadcasting. For Hispanic Broadcasting shareholder Clear Channel Communications, Inc. (San Antonio) In-house: Senior vice president and general counsel Kenneth Wyker and corporate counsel Phillip Hall. Akin, Gump, Strauss, Hauer & Feld (Dallas): Corporate/ securities: N. Kathleen Friday, J. Kenneth Menges, Jr., Stephen Mount, Michael Slaney, counsel Wilhelm Liebmann, and associates Robert Griffin and Scott Kimpel. Tax: Daniel Micciche and W. Thomas Weir. Antitrust: Charles Biggio. (Mount, Liebmann, and Weir are in the firm’s San Antonio office. Biggio is in the firm’s New York office.) The firm has represented Clear Channel in other M&A matters. OUTLOOK Univision expects the deal to close by the end of the year, but Spanish Broadcasting System’s suit remains a wild card. At press time Spanish Broadcasting System was considering whether to petition the Federal Communications Commission to block the deal. -Jeffery Knight

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