Disney Sells Fusion Stake to Univision, Exits Joint Venture

Los Angeles Times: Disney’s ABC and Univision have ended their nearly 3-year-old Fusion network joint venture aimed at millennial viewers. Disney sold its 50% stake in the venture back to Univision, which plans to reposition several of its assets, including Fusion, as a “multi-platform destination for the new, rising American mainstream.” The ABC-Univision partnership failed to achieve the level of success the companies had hoped for when they launched the outlet in October 2013.