Analysts: Televisa - Spanish-language media powerhouse - strengthens ties with NBC's Telemundo.

So Telemundo extends the reach of the content it produces in line with the worldwide footprint of its parent companies GE and NBC, Televisa aggregates content further expanding its sphere of influence in Latin America, indirectly in the US and also in line with its global strategy and Univision at least in this transaction remains a US distributor of Televisa’s programming with limited efforts to date to produce effective content on its own.

http://www.glgroup.com/News/THE-IMPACT-OF-THE-TELEVISA--TELEMUNDO-CABLE-NETWORK-TO-UNIVISION-36283.html