Univision Communications Inc.’s board is girding to search for new leadership and is undertaking a business review that could lead to large cost cuts, people familiar with the matter said, on the heels of the Spanish-language broadcaster canceling its initial public offering. Chief Executive Randy Falco, 64, recently told the board he would like to retire at the end of 2018 when he will turn 65, said Haim Saban, chairman of the board, in a statement.

Source: Wall Street Journal March 08, 2018 00:00 UTC