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(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.

On November 25, 1997, Liberty Media and Sony Pictures Entertainment purchased a majority interest in Telemundo from Reliance Capital Group for 9 million, beating out a bid made days earlier by an investment group led by Telemundo Group chairman Leon Black, who had already owned 40.3% of the network through Apollo Global Management and remained a minority partner in Telemundo Group through the purchase; under the deal, Liberty acquired a 40% interest and Sony (which made its entry into domestic broadcasting ownership with the deal) acquired a 35% stake in Telemundo, with the remaining interest held by investment firms Apollo Global Management and Bastion Capital Fund.

On November 25, 1997, several investors who held shares in Telemundo Group filed an injunction to block the sale in a Delaware Chancery Court, in order to investigate whether executives were shortchanging shareholders in accepting the offer; that request, as well as a separate injunction request by Univision Communications, were later rejected.

International distributors soon approached the network for the syndication rights to air these programs on television networks in other countries.

On April 14, 1983, Ramos sold WKAQ-TV to John Blair & Co.

In 1984, the owners of WNJU (channel 47) in Linden, New Jersey (serving the New York City area) and KSTS (channel 48) in San Jose, California formed Net Span, the second Spanish-language television network in the continental United States (behind the longer-established Spanish International Network, the forerunner to Univision).

Between 19, Telemundo acquired or affiliated with television stations in Texas (KFWD channel 52, in Dallas–Fort Worth, now a Mundo Max affiliate), New Mexico (KTEL-CD channel 47, in Albuquerque), Arizona (KHRR channel 40, in Tucson) and Washington, D. Jerrold Perenchio's purchase of the network from Hallmark Cards that Univision would increase its reliance on programming from Televisa and Venevision to levels that resulted in him concluding that there would be fewer opportunities for the addition of local programs on Univision's stations, and was subsequently joined by four other Univision executives – to head the network.

The following year in 1993, Telemundo underwent an extensive rebranding, introducing the signature framed "T" letter logo (which has been used by the network since that point in various design elements), and a promotional campaign using the slogan "Arriba, Telemundo, Arriba" ("Upwards, Telemundo, Upwards").

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