An "uncompromising" current events and lifestyle network aimed at Hispanics - but in English - is set for a 2013 launch, ABC and Univision jointly announced Monday.

The 24-hour network, yet to be named, is aimed at tapping the burgeoning U.S. Hispanic population, which currently makes up 16 percent of the country's population and is expected to almost double by 2050, according to an ABC News publicity release.

"Our mission is clear," ABC News president Ben Sherwood (pictured at far left with with Univision Networks president Cesar Conde, center, and Univision News president Isaac Lee, right) said in a statement. "To offer culturally relevant news, information and lifestyle programming to the large and thriving Latino audience in the United States. In these times of rapid change, we are very excited about this opportunity."

The joint venture would mark the inaugural channel for English-dominant and bilingual Hispanics, with journalists from both ABC News and Univision News anchoring and reporting. A first-step website is due sometime this summer, when a management team also is expected to be announced.

Read more by Ed Bark at unclebarky.com