Univision Buys African-American News Site The Root

Financial Times: Univision, the largest U.S. Spanish-language broadcaster, has bought The Root, an African-American focused news and culture website, as the company looks to build a digital network catering to multicultural millennial consumers. Univision has been expanding its digital footprint to reach a younger, more diverse generation of Americans who use their mobile phones rather than traditional television for information and entertainment. Two years ago, it launched Fusion, an English-language news and lifestyle TV network and website that is a joint venture with Disney.