Spring 2006: Mexico's largest media company, Grupo Televisa, and entertainment mogul Haim Saban and four private equity companies prepare opposing offers. June 2006: Saban Capital Group, Providence Equity Partners, Madison Dearborn Partners, Thomas H. Lee Partners and Texas Pacific Group emerge as the highest bidders, besting Televisa by agreeing to pay $12.3 billion and assume $1.4 billion in debt. March 2007: The consortium takes ownership of Univision, with each of the companies contributing about $900 million in equity and Saban contributing $300 million. February 2008: Univision sells its music labels, Fonovisa Records and Disa Records, to Vivendi's Universal Music Group for about $112 million -- less than it had hoped. January 2009: Federal trial begins in Los Angeles to determine whether Televisa had the right to terminate its programming contract with Univision. Case is settled; Televisa agrees to continue to provide shows to Univision. February 2009: Advertising downturn forces Univision to lay off 6 percent of its workforce. Spring 2009: Univision negotiates payments from cable and satellite TV companies. The deals should add $175 million in revenue to Univision this year and as much as $350 million annually by 2014. June 2009: Univision refinances $500 million in debt due in 2011, extending the date of maturity to 2014. Source: Los Angeles Times research 