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The network also began to produce its own original telenovelas, the first of which to premiere were Angélica, mi vida ("Angelica, My Life"), Marielena, Guadalupe, Señora Tentación ("Lady Temptation") and Tres Destinos ("Three Destinations").International distributors soon approached the network for the syndication rights to air these programs on television networks in other countries.The new corporation quickly went public, and in 1987, Reliance decided to rebrand Net Span as Telemundo.Later that year, it purchased additional stations in San Francisco, Houston (KTMD, channel 47) and San Antonio (KVDA, channel 60). In May 1992, Telemundo underwent another management change, appointing former Univision president Joaquin Blaya – who resigned from that network after discovering in an FCC filing for A.
It is the second largest provider of Spanish content nationwide behind American competitor Univision, with programming syndicated worldwide to more than 100 countries in over 35 languages.Sony and Liberty formed a holding company that was operated as a 50/50 joint venture between both companies, Telemundo Communications Group.Helmed by yet another management team under the leadership of former CBS entertainment president Peter Tortorici as president and CEO and Nely Galán as president of entertainment, Telemundo explored avenues to attract the bilingual market.(or , depending on the time zone) – placing them directly against late-evening newscasts on Fox, WB, UPN and independent stations in many markets – followed by a late-evening national newscast produced by cable news channel CBS Telenoticias; movies were also added during the to p.m.Eastern time slot on certain weeknights to help bolster its late newscasts.