After announcing his retirement from television and airing the emotional, final episode of "Sábado Gigante" ending 2015, Don Francisco is making his comeback to the small screen with a signed multi-year agreement with Telemundo Network, Latin Times learned. 

The former "Sábado Gigante" host, born Mario Kreutzberger, will create a joint production company to develop original content for Hispanics in the U.S. and audiences around the world. Don Francisco will also serve as a senior correspondent for Telemundo news, providing his expertise with high profile interviews. 

“Mario is the most recognized face of Spanish-language media around the world,” said Cesar Conde, Chairman, NBCUniversal Telemundo Enterprises and NBCUniversal International Group in a press statement. “We are extremely proud that he has chosen to join the Telemundo family. His numerous contributions to our community, endless expertise in innovative television entertainment and unique ability to engage world leaders reinforce our commitment to continue transforming the media landscape.”

As creator of the longest-running TV variety show in the world, which aired for over five decades, the Chilean host feels honored to be part of the Telemundo family. 

"I am extremely happy with this opportunity NBCUniversal Telemundo Enterprises is giving me. Telemundo network has experienced tremendous growth thanks to its clear vision and steadfast commitment to the Hispanic community. It is an honor for me to join this great international media company, which will allow me to develop new projects, and most importantly, stay connected to my loyal audience that has always been at my side," he said.