Looks like FCC Chairboy Kevin Martin really got up off his hands

-SHOMARI HINES Haim Saban and his buddies are some happy campers today now that the FCC has officially approved the sale of Univision. With a new CEO already in place, we can't wait to see how long until Haim and company look to sell it off. The recent pressure on FCC Chairboy Kevin Martin is paying off huh? More work less bullshitting. The Federal Communications Commission Tuesday officially approved the sale of Univision Communications to Broadcasting Media Partners, a group of private equity companies, with certain conditions. Under a consent decree, Univision has agreed to pay a $24 million fine for violating children's programming regulations. Univision has also agreed to a detailed plan that will ensure its future compliance with the Children's Television Act and other rules. FCC Officially Approves Sale of Univision [MediaWeek]

People always say kids are expensive

When Univision began broadcasting a show three years ago about the misadventures of 11-year-old identical twin girls who swapped identities after discovering they had been separated at birth, it characterized the episodes as educational programming for children. That decision is expected to cost Univision, the nation’s largest Hispanic network, $24 million in what would be the largest fine the Federal Communications Commission has ever imposed against any company. The penalty is also expected to send a strong signal to broadcasters that they will be expected to meet their required quota of shows that educate and inform children, after years of permissive oversight in this area. You can't forget the kids man, you just can't forget the kids. The fine should make Les Moonves feel better about the$500,000 fine his company has been trying to get out of for the Janet Jackson nipple slip Record Fine Expected for Univision [NYT]

Univision's new owners looking for the next big El Perro

Haim Saban and his investor buddies who will officially own Spanish-language media giant Univision in about a month if the world doesn't end before then, is looking for a shining star to run their company. They seek someone who is bilingual and has close ties to Mexico. Unless they give former Mexican President Vincente Fox the gig, we have no idea who can fill that order. Keep it internal guys, keep it internal. Spanish-language media circles have been rife with speculation about which executives might be in the running for the top slot, with a roster of rumored candidates ranging from former Mexican President Vicente Fox to Jim McNamara, former CEO of Univision rival Telemundo, which is owned by General Electric's NBC. UNIVISION NARROWING SEARCH FOR CEO [NYP]