Telemundo is also the only Spanish-language network currently producing telenovelas in the US. Unlike Univision, many programs on Telemundo air with closed captions in both Spanish AND English. Univision only has Spanish captions. The network reaches 93 percent of U.S. Hispanic households in 142 markets via over-the-air, cable and satellite TV. An average of 1,035,000 total viewers (aged 2 and older) tuned in for its weekday prime time lineup during 2007. 
WKAQ-TV launched the Telemundo brand on 28 March1954. The station was founded by Ángel Ramos, owner of "El Mundo", Puerto Rico's main newspaper at the time, and Puerto Rico's first radio station, WKAQ-AM, also known as "Radio El Mundo". Ramos wanted to maintain a consistent branding between its properties using the "mundo" theme (Spanish for "world"), and thus named WKAQ-TVTelemundo (in effect, "Teleworld" or "TV World"). He had tried to obtain a TV license as early as the mid 1940s, but due to an FCC licensing freeze for all new American TV stations, Ramos had to wait until 1954 to obtain the license.
During the 1970s and 1980s, WKAQ-TV (then branded as Telemundo Canal 2) was a major producer of Puerto Rican Spanish soap operas. The channel was also known by its "fingers" logo (a bold number 2 with the silhouette of two upright fingers inside the number), calling itself "El canal de los dedos" (the channel of the fingers).
Some of the local shows which WKAQ-TV has produced and broadcasted include:
"Viva Vegas" Starring: Daniel Celario, Mario Celario, Julieta Rosen, Ludo Vika, Mike Robelo, and Jossara Jinaro
One of the most important producers at WKAQ-TV is Paquito Cordero, who has been at the station since 1954, both as an actor and as a producer, mostly for "El Show de las Doce" and "Noche de Gala".
In 1985, Estrella Communications, owned by Joe Wallach, Paul Niedermeyer and Reliance Group Holdings, purchased KVEA in Los Angeles. It became the first full-time independent Spanish language station in Los Angeles. The next year, Reliance acquired the Telemundo brand when it purchased Blair Broadcasting. The purchase included WSCV in Ft. Lauderdale/Miami, Puerto Rico's WKAQ-TV (known for decades as "Telemundo Canal 2"). In late 1986, Reliance purchased WNJU serving New York.
In 1987, Reliance merged all these stations into the Telemundo Group. The new corporation quickly went public and launched the Telemundo network. Later that year, it purchased additional stations in San Francisco, Houston and San Antonio.
Between 1988 and 1991, Telemundo acquired stations in Texas, New Mexico, Arizona and Washington. The network decided to outsource their news division in 1988; CNN to produced two newscasts, branded "Noticiero Telemundo CNN". Produced in Atlanta, "Noticiero Telemundo CNN" was anchored by Jorge Gestoso and María Elvira Salazar. Lana Montalbán, who anchored the show known then as Telemundo HBC, returned to New York City where she anchored the WNJW newscast for four years, that was seen in NY, NJ and CT. After that she went back to her native Argentina where she continued to work for local networks for ten more years. When Salazar decided to take a reporter's position at Noticiero Univision in Miami, in her place, Chilean former Miss Universe Cecilia Bolocco joined Gestoso. The final incarnation produced in Atlanta was co-anchored by Patricia Janiot.
In 1994, Telemundo caught on the fever of producing 24 hour news. The network launched Telenoticias partnering with Argentina's Artear Network, Antena 3 from Spain, and Reuters. The venture was not successful and the service was sold to CBS. Rebranded as CBS Telenoticias, the network did air all over the Americas.
In 1992, Telemundo went through another management change under former Univision president Joaquin Blaya. Several major programs were canceled and longtime Telemundo executives were released. The next year, Telemundo branded themselves with the campaign, Arriba, Telemundo, Arriba.
In 1993, Telemundo began the ongoing practice of producing original telenovelas. The first soaps were "Angelica, mi vida", "Marielena", "Guadalupe", "Señora Tentación", and "Tres Destinos". International markets and syndicators soon courted these shows. Telemundo's effort face an initial set effort was setback, when Mexico's industry leader, Televisa, bought Capitalvision, the production house that had been making the new soap operas.
In 1995, under the direction of Harry Abraham Castillo, the network's Executive Vice-President of Programming, Telemundo opened it's first network studio on the West Coast. On the Raleigh Studios lot in Hollywood, three shows began daily production. La Hora Lunática hosted by LA radio personality Humberto Luna; El y Ella created and hosted by Gigi Graciette; a daily talkshow and Dando y Dando, a gameshow hosted by Rafael Sigler.
In 1998, Telemundo was bought by a partnership between cable's Liberty Media and entertainment conglomerate Sony Pictures Entertainment. Helmed by yet another management team under the leadership of former CBS executive Peter Tortoricci, hopes of attracting the bilingual market were explored. Lo mejor de los dos Mundos ("The best of both worlds") campaign was launched. Several billboards went up in cities such as Miami and San Francisco heralding a "new era" for Telemundo.
On April 12, 2002, Telemundo was purchased by NBC and is now a part of NBC Universal. Jim MacNamara remained at the helm of the network during and after the sale. Their main competitor, Univision, continues to have an upper hand in the ratings wars, although not in all time slots. Local stations began producing early morning news to be more competitive in their respective markets. Telemundo produces far more programming than Univision and does not rely strictly on Mexican and Venezuelan shows. In contrast, Univision's schedule is heavy on Mexican and Venezuelan shows due to long-term exclusive deals with media giants Televisa and Venevisión. After three years, NBC officials asked MacNamara to resign, and replaced him with Don Browne, who had been head of NBC affiliate WTVJ in Miami.
News programs were created in the wake of 9/11. "Hoy en el Mundo", anchored by Marian de la Fuente and Jose Diaz Balart, went on the air informing viewers of national and international events. This program along with its companion show "De Mananita" were cancelled by the much heralded arrival of Maria Antonieta Collins from Univision. "Cada Día con Maria Antonieta" went on the air in october 2005, even after Maria Antonieta Collins 's husband dilema and death she continues to be the host along with the 'much recycled' Jose Diaz Balart as co-host, Balart was anchor of Telemundo's Morning News "Noticero Telemundo Primera Hora" which is now anchored by Ana Patrica Candelani.
(Previous attempts anchored by JDB were "Esta Manana" and the aforementioned "Hoy en el Mundo")
In an interview in "People En Espanol" Maria Antonieta Collins announced that she will leave Telemundo when her contract expires in August and wishes to return to News Anchoring.
On May 28th, 2008 Don Browne announced that Cada Dia would be cancelled on May 30th. The show was canceled due abysmal ratings. 50 people were fired. No replacement show has been announced.
In 2004, Telemundo created Telemundo Television Studios in Miami, Florida. The network also began subtitling many of their telenovelas into English via closed captioning. Under NBC, Telemundo gave greater emphasis to original programming and product placement. The network currently spends $100 million a year producing its own shows.
In March 2007, NBC Universal announced that it had restructured Telemundo's entertainment division in an effort to narrow Univision's ratings dominance. Starting in the fall of 2007, the network was to have cut the first commercial break in every prime-time show to only 60 seconds in length. It also plans to air the 2008 series Idolos de Juventud uninterrupted, using pervasive product placement instead of traditional ad spots.
NBC also announced that they were going to dispose of the original Telemundo station in Puerto Rico Channel 2 and Los Angeles' KWHY to finance the acquisition of Oxygen Media.
On March 18, 2008 Grupo Televisa and NBC-Universal announced an 10-year multiplatform agreement that would allow 1000 hours of Telemundo programming from News,entertainment programs/specials,and sports to be broadcast over not only its Televisa air channels, but also its SKY Channel and its cable system starting in April, as well as a planned Telemundo pay tv channel to be launched later this year.
Telemundo airs its 8-11 pm (ET/PT) weekday programs (usually telenovelas) using a form of the Turner Time scheduling strategy used by TBS from 1981 until 1997. Each program starts a few minutes after its officially scheduled time, typically three or four minutes after the hour. Shows also bleed over into the next time slot. This encourages viewers to stay tuned to Telemundo instead of joining another channel's program in progress. The 11 pm news broadcasts start at the conventional time, however.
Movies are in red; Reality/Game Shows are in green; Primetime Talk Shows are in blue; Telenovelas are in purple.