Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / SBSAA - Latino Broadcaster Announces Plan to Sell TV Business To Media Firm

SBSAA - Latino Broadcaster Announces Plan to Sell TV Business To Media Firm

Spanish Broadcasting System Inc.

America’s Latin population is one of the fastest growing in the country and this broadcaster just announced the sale of its Hispanic-based TV business to another Latino media firm.

%SpanishBroadcastingSystem () announced the sale of its %MegaTV business and certain associated real estate to Voz Media for a total acquisition price of $64 million. Per the company’s press release, the transaction is expected to close upon Federal Communications Commission approval.

Mega TV will continue under the leadership of another Hispanic-owned media company. Voz Media currently has offices and studios in Dallas as well as in Miami and Madrid and provides alternative news and content for Latinos in the U.S., as well as Latin America , that reflect the core Hispanic values of hard work, faith and commitment to family.

Stock Information
Company Name: Spanish Broadcasting System Inc.
Stock Symbol: SBSAA
Market: OTC
Website: spanishbroadcasting.com
Menu
SBSAA SBSAA Quote SBSAA Short SBSAA News SBSAA Articles SBSAA Message Board
Get SBSAA Alerts

News, Short Squeeze, Breakout and More Instantly...