Harvard University President H. R. McMaster on Wednesday said he “strongly” supports the idea of Univision buying out its parent company Univision Communications.
The decision to do so was made by the new CEO of Univison, Miguel Angel Otero, who was previously CEO of Fido, a company that specializes in creating a video platform for the digital advertising industry.
It was revealed in December that the deal was going through.
In a memo to employees, McMaster said Univision has been “in the market for a long time” for a digital-only broadcaster.
He noted that it “has been a strong supporter of our journalism efforts and the value we deliver.”
The news comes as Univision is facing scrutiny over allegations that the company used false advertising and misused money to pay employees to spread false news about a series of mass shootings.
Univision issued a statement on Monday denying any wrongdoing and said it is “looking into the matter” and will make its own statement when appropriate.
Univison’s parent company, Univision de las Americas, is also in the midst of a lawsuit with former employees that alleges it violated its fiduciary duty by making false statements to employees about the impact of its ownership stake in the company.
The deal was first reported by the Wall Street Journal.