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Telemundo is headquartered in the Miami suburb of Hialeah, Florida, and has 1,900 employees worldwide.
The Telemundo brand traces back to the sign-on of WKAQ-TV (channel 2) in San Juan, Puerto Rico, on March 28, 1954, which was founded by Ángel Ramos – owner of Puerto Rico's main newspaper at the time, El Mundo, and the U. territory's first radio station, WKAQ (also known as "Radio El Mundo").
) is an American Spanish-language terrestrial television network owned by Comcast through the NBCUniversal division NBCUniversal Telemundo Enterprises.
It is the second largest provider of Spanish-language content nationwide behind American competitor Univision, with programming syndicated worldwide to more than 100 countries in over 35 languages.
On April 14, 1983, Ramos sold WKAQ-TV to John Blair & Co.
In 1984, the owners of WNJU (channel 47) in Linden, New Jersey (serving the New York City area) and KSTS (channel 48) in San Jose, California formed Net Span, the second Spanish-language television network in the continental United States (behind the longer-established Spanish International Network, the forerunner to Univision).
(or , depending on the time zone) – placing them directly against late-evening newscasts on Fox, WB, UPN and independent stations in many markets – followed by a late-evening national newscast produced by cable news channel CBS Telenoticias; movies were also added during the to p.m.
Eastern time slot on certain weeknights to help bolster its late newscasts.
The following year in 1993, Telemundo underwent an extensive rebranding, introducing the signature framed "T" letter logo (which has been used by the network since that point in various design elements), and a promotional campaign using the slogan "Arriba, Telemundo, Arriba" ("Upwards, Telemundo, Upwards").
Telemundo's effort faced an initial setback when Mexico's leading broadcaster, Televisa, purchased production company Capitalvision, which had been producing the telenovelas in conjunction with the network.
Parent company Telemundo Group experienced major financial challenges during this time, filing for Chapter 11 bankruptcy protection in 1994, due to a debt load of more than 0 million that the company owed to its creditors.
Ramos wanted to maintain a consistent branding for his media properties based around the "mundo" theme (the Spanish word for "world"), and chose to brand his new television property as "Telemundo" (in effect, translating to "Teleworld" or "World TV").
Ramos had tried to obtain a television station license as early as the mid-1940s; however, because of a freeze imposed by the Federal Communications Commission (FCC) that suspended the filing and approval of broadcast license applications for new television stations in the United States and its territories due to World War II, he had to wait until 1954 to obtain the license.