It’s shaping up to be a busy year for Univision since news broke earlier this month that CEO Randy Falco is out and that it’s taking a new direction.

A day after Univision called off its plans for an IPO, Falco, 64, announced that he will be retiring at the end of the year.

Univision then said it is in the midst of a review led by Boston Consulting Group to help it navigate a new path, which could include right-sizing the business, spinning off assets or selling the entire company.

That is the “immediate focus,” a source with knowledge of the situation told On the Money, but others have whispered that the board is already sniffing around for Falco’s replacement.

The talk inside is that pressure is “very, very high” for the board to make a hire soonest.

“The company has not yet started a process to identify a new CEO as it currently focuses on finishing a companywide review of its business. We continue to forge ahead with a transformation of the company under Randy’s leadership,” said a statement from the board.

Internal candidates being bandied about include Peter Lori, who was promoted to CFO the same day Univision scrapped its IPO, and Tonia O’Connor, the company’s chief revenue officer. O’Connor reportedly speaks Spanish — a major plus and distinction from Falco, who doesn’t speak a lick of the language.

Cesar Conde — a Hispanic Univision alum who was pushed out by Falco, according to inside sources — is also being whispered about as a strong candidate. Conde served as Univision’s networks president before becoming an executive at rival Comcast’s Telemundo.

He helped Telemundo gain ground in the ratings race against Univision. And those ratings will likely only rise when the FIFA World Cup is telecast on Telemundo for the first time this year after decades of being on Univision.