Univision Communications' owners are looking for an exit.
Los Angeles billionaire Haim Saban and his four private equity partners are trying to unload their stakes in the nation's biggest Spanish-language broadcaster. The media giant is seen as a jewel on Wall Street because of the growing importance of Latinos in the U.S. market.
The broadcast giant has been knocking on the doors of deep-pocketed buyers, including CBS Corp. and Time Warner Inc. So far, Univision hasn't gotten the nibbles its owners have been looking for.
The reason: Potential buyers are balking at a $20-billion price tag for a company weighed down by $9 billion in debt.
Analysts point out that...