Donald Trump isn’t Univision’s only problem, or even its biggest.
The public brawl between Mr. Trump and Univision Communications, the country’s largest Spanish-language broadcaster, escalated last week after Mr. Trump, a Republican presidential candidate, ejected the Univision news anchor Jorge Ramos from a news conference.
Univision was already fighting a lawsuit brought by Mr. Trump when it dropped its telecast of the Miss USA pageant after he made disparaging remarks about Mexicans. (Mr. Trump is a part owner of the Miss Universe Organization, which produces the Miss USA pageant.)
But more troubling for Univision are questions about its business prospects ahead of its planned initial public offering this fall. The shares of major media companies have recently taken a hit because of worries over sharp declines in ratings and weak advertising sales — and the fact that consumers are abandoning cable and satellite TV subscriptions.