Univision Communications Inc. was founded in , as Spanish International Communications Corporation (parent of Spanish International Network) by Rene Anselmo, an American-Mexican TV executive of Cuban-Italian-American descent, Emilio Nicolas, Sr., owner of KUAL-TV (now KWEX-TV) in San Antonio, and Mexican radio-TV magnate Emilio Azcárraga Vidaurreta, head of "Telesistemas Mexicanos" (now Televisa). They consolidated the operations of some independent Latino stations into a network. In 1987, Nicholas sold his part of the company to Hallmark Cards, and the name was changed to its current.