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Univision is the largest Spanish-language network in the United States. Prior to the merger creating The CW, Univision was regularly beating out UPN and The WB in the ratings. This is despite the fact that the network is barely known to the English-only speaking public of the country. Its primary competitor for the Hispanic audience is the NBCUniversal–owned Telemundo. Univision was put up for sale in February 2006, with bidders including the News Corporation, Time Warner, CBS, Disney, Televisa, and Bill Gates. Finally a deal was reached with a group of investors led by Haim Saban of Saban Entertainment, which was finalized on March 27, 2007.
The network airs original programming ranging from news and lifestyle (Noticiero Univision, Despierta América, Primer Impacto) to sports (Republica Deportiva), music (Caliente), and sketch comedy (La Parodia, La Hora Pico). The network also airs many telenovelas from Latin American affiliates (especially Venevisión and Televisa). These include Heridas de Amor, La fea más bella, and Mundo de Fieras. The network is also well known for its special events; one time in which it is able to attract an English-speaking audience. This includes the Latin Grammys and the recent 2006 World Cup in which it got some of its best ratings ever.