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SBS Receives Multi-Million Dollar Settlement from VOZ


Spanish Broadcasting System
Spanish Broadcasting System

Spanish radio broadcaster Spanish Broadcasting System has reached a multi-million dollar out-of-court settlement with VOZ Media regarding VOZ's default of its $64 million acquisition of the SBS Mega TV division. The amount of the settlement was not disclosed. The settlement is in addition to a $3.8 million deposit SBS had previously retained after VOZ failed to close on the TV transaction in 2023.

An SBS spokesperson stated that the company was pleased with the out-of-court settlement and the outcome of the litigation.

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