ABC News and Univision News announced Monday they are joining forces to launch a TV channel in English for Latinos in the United States.

The currently unnamed television channel is expected to launch in 2013. Its editorial coverage will have a Latino perspective on issues including: the economy, jobs, health care, immigration, education, politics, entertainment, health and wellness.

"The new 24/7 network will include America's first English-language channel for English-dominant and bilingual Hispanics, as well as integrated digital and social platforms," the networks said in a joint statement today.

A management team is expected to be announced this summer. The network will have anchors and correspondents in major cities across the U.S. Additionally, ABC News and Univision News will share newsgathering and production resources.

A website, mobile and social media content will debut this summer.

Currently Hispanics represent 16% of the total population in the United States, a number that is projected to double to 30% by 2050. Hispanics are the fastest growing segment of the population, wield considerable spending power of over $1 trillion, and have an increasing impact on social, economic and political trends.

"All of us at ABC News are thrilled to work with Univision," said Ben Sherwood, president, ABC News in a statement. "Our mission is clear: To offer culturally relevant news, information and lifestyle programming to the large and thriving Latino audience in the United States."

The President of Univision Networks said the joint venture is "another example of Univision's commitment to serving and empowering Hispanic America while connecting all audiences to Latino issues."