Univision to lay off about 6 percent of workforce

The Spanish-language media network Univision is laying off 200 to 250 employees, or about 6 percent of its workforce.

The majority of the layoffs will occur at Fusion, a cable TV offshoot of Univision aimed at younger audiences that has struggled in the ratings since its launch in 2013.


The layoffs come following Univision's $135 million purchase of New York-based Gawker Media, which includes popular online publications such as Deadspin, Gizmodo and Jezebel.

Gawker filed for bankruptcy in June after losing $140 million in a jury trial involving former wrestler Hulk Hogan, who sued the publication for publishing a sex tape of him. Gawker.com closed down in September.

Univision, a privately held entity, posted a loss of $30.5 million in the third fiscal quarter of this year. In 2015, it posted a profit of $109.8 million.

Univision's television news division is best known for anchor Jorge Ramos, who was highly critical of President-elect Donald TrumpDonald John TrumpMueller report findings could be a 'good day' for Trump, Dem senator says Trump officials heading to China for trade talks next week Showdown looms over Mueller report MORE during the campaign and was once removed from a Trump press conference.