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.