SBSAA - Spanish Broadcasting System to acquire Orlando and Tampa FM Radio stations from COX Radio

Spanish Broadcasting System (OTCPK:SBSAA) agrees to acquire WPYO(FM) and WSUN(FM), two stations serving the Orlando and Tampa radio markets, from CXR Radio LLC as divestiture trustee and COX Radio LLC. The stations are held in trust by CXR Radio as a result of a divestiture trust mandate by the Federal Communications Commission (FCC), which arose from FCC ownership limitations and the sale of Cox Radio in 2019. Cox Radio, which has supported the trust's operation of the stations, will also convey certain related station assets to SBS as part of the transaction. The acquisition validates benefits of Hispanic Media ownership. The addition of Orlando and Tampa to the SBS portfolio of leading radio properties in the Miami/Ft. Lauderdale market will solidify SBS' standing as the largest Spanish-language radio platform in Florida.  The deal is expected to close in the first quarter of 2022.

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Spanish Broadcasting System to acquire Orlando and Tampa FM Radio stations from COX Radio