 In 1993, Univision Owner, Jerold Perenchio, in a swift and unprecedented move, after the acquisition, appointed a 27-year Old, Los Angeles Native, Venezuelan born, Miguel Banojian, Known for his in-depth, of the U.S and Latin American Hispanic Market, his impeccable professional skills, as well as his proven successful ratings Track records– to turn around the operations of the station group, but mainly Univision's West Coast flagship KMEX-Channel 34 Los Angeles, generating at the time of purchase of the company, approximately 40% of the Overall Univision revenue.Under Mr. Banojian, the network increased monetary investments in the stations, expanding staff and resources, introducing new sets for its newscasts, hiring and appointing KVEA's main anchor Jesus Javier, reporter Pepe Barreto also from KVEA, as well as hiring Andrea Kutyas, joining news anchor Eduardo Quezada, who worked at KMEX from 1975 to 2003, to lead and reshape KMEX's 11 p.m. newscast, which became the #1 late news in the Los Angeles Market.The overall re-organization effort, included, the purchasing of new live production equipment, updated production units, new master control equipment; new station antennas with more transmission power and a new studio located in Westchester, replacing the Hollywood studio which served from 1962 to March 1993.