Advertisement |
SBS Receives Multi-Million Dollar Settlement from VOZ
RADIO ONLINE | Monday, March 18, 2024 |
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.
Advertisement |
Latest Radio Stories
KEGL (97.1 The Freak)/Dallas Returns to Rock Format |
Audacy Begins Another Round of Layoffs Impacting Nearly 100 |
''The Dana Cortez Show'' Exits KKFR-FM in Phoenix |
Advertisement |
RAB Launches New Pro Development Certification Course |
FSR, iHeartSports Team for Coverage of 2024 NFL Draft |
iHeartPodcasts to Launch ''Call It What It Is'' on June 3 |