Disney and Univision Launching Miami-Based Cable News Network

CNN, MSNBC and Fox News are about to get some Miami-based competition backed by one of the world's largest media conglomerates.

Disney and Univision announced this morning that they are set to launch a 24-hour news network sometime in the next year, and the channel's operation will be headquartered in Miami. The network will broadcast in English, but will target the Hispanic market.

The network will be a 50-50 joint operation between Disney's ABC News division and Univision. The network's name has not been announced.

Online content will debut this summer, and the cable channel's full launch is expected in early 2013.

Reports ABC News:

Editorial coverage will focus on the issues most relevant for U.S. Hispanics, including the economy, jobs, health care, immigration, education, politics, entertainment, health and wellness and more.

"This exciting joint venture represents the latest example of our long-term strategy to broaden the reach of ABC," Anne Sweeney, president of the Disney-ABC Television Group, said in a statement. "Our powerful premier news brand, combined with the world's leading Hispanic media company, will create the nation's first news and lifestyle channel targeted to this quickly expanding and important community."

The announcement comes as Univision is expanding its new programing, and the New York Times reports the shared resources between the two companies may allow ABC News to cut some costs. The channel's formation also reflects changing trends in the way many Hispanics get their media, as more and more second- and third-generation Hispanics increasingly tend to watch English-language television.

Univision's corporate headquarters are based in New York, but its productions facilities are based in Doral. It's likely that the channel will broadcast from those studios.

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