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 TrumpTrump directed Cohen to lie to Congress about plans to build Trump Tower in Moscow during 2016 campaign: report DC train system losing 0k per day during government shutdown Senate Republicans eye rules change to speed Trump nominees MORE during the campaign and was once removed from a Trump press conference.