Yahoo, Telemundo form US Hispanic Web business
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Yahoo Inc. and NBC Universal Television’s Telemundo said on Wednesday that they will merge their Web properties targeted at the U.S. Hispanic market into a joint Internet business, Yahoo! Telemundo.
The two companies said they will merge some staff and share advertising revenue from the new venture, but neither will make an equity investment in the other. Telemundo is a U.S. Spanish-language television network that is owned by General Electric Co.’s entertainment unit, NBC Universal.
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