A group of high-profile Latinos makes a $60M cash deal to buy 18 radio stations

A group of Latinos, including several prominent Democrats, have signed an agreement to buy 18 radio stations in 10 cities in a $60 million cash deal.

A group of Latinos, including several prominent Democrats, have signed an agreement to buy 18 radio stations in 10 cities in a $60 million cash deal.

The AM and FM stations in the deal are part of the TelevisaUnivision network. The media group purchasing the stations is newly formed, calling itself Latino Media Network.

The 18 stations are in Los Angeles, New York City, Miami, Houston, Chicago, Dallas, San Antonio, McAllen, Fresno and Las Vegas. The group said the stations are mostly broadcasting sports, entertainment and music programming.

The stations include Radio Mambí in Miami, a spokesperson for the group told NBC News. Radio Mambí, a Spanish-language talk format AM station, had historically been a voice for Cuban exiles -- though that changed about a decade ago.

The group said the radio stations they plan to purchase will reach one-third of Latinos in the U.S., about 20 million people.

https://www.nbcnews.com/news/latino/group-high-profile-latinos-makes-60m-cash-deal-buy-18-radio-stations-rcna31895


Post ID: 14651244-313e-43d8-81f3-01652f387f95
Rating: 5
Updated: 1 year ago
Your ad can be here
Create Post

Similar classified ads


News's other ads