There are many tough executive-level jobs in corporate America today. The nation’s economy is being buffeted on all sides by foreign competition, skilled workers are at a premium and the nation’s infrastructure each day falls behind the rest of the world — among other issues. Few of those jobs are more challenging than leading a television network today (or a film production or advertising company for that matter).
Whether heading up an English-language or a Spanish-language operation – all are caught in some way by changing demographics; the evident and growing power of social media and new platforms; and an audience comprised of submarkets and subgroups hard to unify into a national market. It is nothing short of mayhem – and confused mayhem at that – exacerbated by business models that probably need to be revamped or scratched. Not surprisingly, rumors abound about the future of the current Spanish-language networks, the advent of news ones and the creation of new hybrids for English-dominant HispanicLatinos. ABC and Univision this week affirmed their intention to bring to life next year a new cable news channel that appeals to English-dominant HispanicLatinos.