The average hourly primetime drama costs $70K to produce. The majority of Telemundo's programs are shot at an operated studio facility in Miami, where 85 percent of the network's telenovelas were recorded during 2011. Telemundo is headquartered in Miami and operates a studio and productions facility in the Miami suburb of Doral, and has 1,900 employees worldwide. In addition, Telemundo operates Universo, a separate channel directed towards young Hispanic audiences Telemundo Digital Media, which distributes original programming content across mass media, the Telemundo and Universo websites Puerto Rico free-to-air station WKAQ-TV and international distribution arm Telemundo Internacional. The channel broadcasts programs and original content aimed at Latin American audiences in the United States and worldwide, consisting of telenovelas, sports, reality television, news programming and films-either imported or Spanish-dubbed. In 1997, Liberty Media and Sony Pictures Entertainment acquired controlling interest in Telemundo. The network was founded in 1984 as NetSpan before being renamed Telemundo in 1987 after the branding used on WKAQ-TV, its owned-and-operated station in San Juan, Puerto Rico. It provides content nationally with programming syndicated worldwide to more than 100 countries in over 35 languages. Telemundo ( Spanish pronunciation: ( listen) formerly NetSpan) is an American Spanish-language terrestrial television network owned by NBCUniversal Telemundo Enterprises, a division of NBCUniversal, which in turn is owned by Comcast.
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