Home Login RADIO ONLINE RSS Facebook
Advertisement

LMN Closes on 18 TelevisaUnivision Radio Outlets for $60M


Latino Media Network
Latino Media Network

Latino Media Network, a new company founded by entrepreneurs Stephanie Valencia and Jess Morales Rocketto, has closed on its previously announced acquisition of 18 radio outlets in ten markets from TelevisaUnivision in an all cash transaction for $60 million. Included in the deal were stations in New York, Los Angeles, Chicago, Miami, Houston, Dallas, San Antonio, McAllen, Fresno and Las Vegas. Former Univision news anchor Maria Elena Salinas, actress Eva Longoria, El Dorado Capital CEO Tom Castro and podcast exec Juleyka Lantigua are among the company's board members.

The stations reportedly included in the deal are:

  • Spanish News/Talk WADO (1280)/New York

  • Spanish News/Talk KTNQ (1020)/Los Angeles

  • Spanish Sports WRTO (TUDN 1200)/Chicago

  • Spanish Sports KFLC (TUDN 1270) and Regional Mexican KFZO (99.1 Zona MX)/Dallas

  • Spanish Sports KLAT (TUDN 1010)/Houston

  • Spanish News/Talk WAQI (710) and Spanish Sports WQBA (TUDN 1140)/Miami

  • Tejano KXTN (1350)/San Antonio

  • Spanish CHR KGRT (Latino Mix 99.3), Regional Mexican KISF (Zona MX 103.5) and Spanish Sports KLSQ (TUDN 870)/Las Vegas

  • Spanish AC KRDA (Amor 92.1), Spanish Oldies KOND (107.5 La Jefa) and Regional Mexican KLLE (107.9 Zona MX)/Fresno

  • Spanish Sports KGBT (TUDN 1530), Spanish Oldies KBTQ (Recuerdo 96.1) and Regional Mexican KGBT (La Jefa 98.5)/McAllen-Brownsville

LMN says this deal is one of the largest single acquisition of stations by a Latino owned and operated company. Univision will retain stations not listed in the above markets, along with outlets in Austin, Phoenix, San Diego, San and Francisco. The company recently announced it would divest its radio properties in Puerto Rico.

"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. 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," said LMN Founder Stephanie Valencia. "I want to thank TelevisaUnivision for the great work they have done building these stations in Latino communities and entrusting us to grow them moving forward."

"Our company, and these stations, are for our community," added LMN Founder Jess Morales Rocketto. "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."

Advertisement

Latest Radio Stories

Eric White Named PD for Charlotte, Raleigh Rock Outlets
Eric White
Eric White
iHeartMedia has appointed Eric "E" White as Program Director for three of its Rock outlets in North Carolina: Alternative WEND (106.5 The End) and Classic Rock WRFX (99.7 The Fox) in Charlotte, and Classic Rock WRDU (106.1) in Raleigh. White steps into the role following the departure of Chris Crowley More

Civic Media Expands into Michigan's Upper Peninsula
Civic Media
Civic Media
Civic Media has announced a major expansion into Michigan's Upper Peninsula through an asset purchase agreement filed with the Federal Communications Commission (FCC) to acquire five radio stations from J&J Broadcasting, based in Iron River, WI. The acquisition will be completed More

WLS-AM Partners with FOX News Audio to Expand Programming
WLS-AM in Chicago
WLS-AM in Chicago
News/Talk 890 WLS-AM has announced a new partnership with FOX News Audio to bring a range of national news and talk content to Chicago radio audiences. The collaboration launched today and includes the addition of The Guy Benson Show, airing live weekdays from 2-5pm, along with hourly More
Advertisement

Veteran Radio Host Dave Randall to Retire After 40 Years
Dave Randall
Dave Randall
After more than 40 years behind the microphone, beloved Southern California radio personality Dave Randall has announced his retirement. Randall, currently heard weekdays on 95.1 KBBY and 103.3 KRUZ in Ventura, will sign off for the final time at the end of July, concluding a storied broadcast career that More

WZGV Charlotte Rebrands as InsideTheGame.bet
WZGV-AM in Charlotte
WZGV-AM in Charlotte
WZGV-AM, formerly known as "ESPN Charlotte 730 The Game," has officially rebranded as "InsideTheGame.bet," becoming the first station in the Charlotte market dedicated to sports betting content. The station's new identity launches in partnership with VSiN, The Sports Betting More

Ray Hopkins Elected to Board of Broadcasters Foundation
Ray Hopkins
Ray Hopkins
The Broadcasters Foundation of America has announced the election of Ray Hopkins, President of Paramount U.S. Distribution, to its Board of Directors. With more than three decades of experience in the media industry, Hopkins brings extensive leadership and distribution expertise to the Foundation's mission More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement