Latino Media Network is nearing completion of a deal that would see them buy 18 radio stations from TelevisaUnivision for $60 million, with the sale being filed with the FCC, per Radio Insight.
The new company is headed by Stephanie Valencia and Jess Morales Rocketto, owning 55.5% and 37% of the Latino Media Network, respectively, with the rest being investors.
“As Latinos drive population growth in the United States they continue to navigate the ocean of information on what is happening in the world and their place in it,” Valencia said.
“With minority media on the decline, now is the time to be investing in more resources to create content for Latinos by Latinos. Through the unique combination of creative content and new and existing media platforms to serve our community, we can embrace cultural pride and collectively empower Latinos.”
With the sale almost done, it would see Valencia and Rocketto have a presence in significant markets across the country, such as Los Angeles, New York, Miami, Chicago, Dallas, and Houston.
“Our company, and these stations, are for our community,” Rocketto said. “We believe in the power and reach of radio and it remains a main source of media for a significant number of our community.”
“We hope to create relevant content for radio and other audio platforms with content that our community can trust and rely on. Latino Media Network is going to ensure that the Latino community continues to be served with the news and information that local communities deserve.”
Here’s the list of Spanish News/Talk stations that Latino Media Network will own once the sale gets approval from the FCC:
- New York – Spanish News/Talk 1280 WADO
- Los Angeles – Spanish News/Talk 1020 KTNQ
- Miami – Spanish News/Talk “Radio Mambi” 710 WAQI
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at eddie1991razo@gmail.com.
