Univision Communications Inc. is seeking possible bidders as part of a plan by the Spanish-language broadcaster to explore strategic options, according to a person with knowledge of the matter.
The process is just getting started, said the person, who asked not to be identified because the deliberations are private. The company has failed at past efforts to arrange a sale and scrapped plans for an initial public offering in March 2018.
Univision has taken steps to improve its operations in recent months, selling off digital businesses like its Gizmodo Media Group, which included the online brands Jezebel and Deadspin, among ...