CORAL GABLES, FLA. — In early June 2022, one of the biggest radio deals in the last 24 months came to fruition. Many questions arose across the radio broadcasting industry regarding the individuals behind Latino Media Network, which had announced it was purchasing 18 radio stations in 10 markets from TelevisaUnivision for $60 million.
Closing is on track for the fourth quarter of 2023 for LMN, which sees Hispanic media veteran Tom Castro on its board of directors. Stephanie Valencia and Jess Morales Rocketto are the co-founders and are featured on the cover of the September 2022 edition of the Radio Ink magazine.
In Miami, listeners to one of the stations LMN has agreed to purchase voiced their concerns about the transaction. Some of the air personalities at the station, WAQI-AM “Radio Mambí,” a longtime voice of the Cuban exile and dissident community, fretted that LMN would shift the station’s content away from conservative-leaning Spanish-language talk and exited. Links to George Soros arose, with FOX News making the connection in a Thursday (9/29) report that Lourdes Ubieta, who quit Radio Mambí in July and is now with Americano Media, will host today Philadelphia’s first-ever “Hispanic Town Hall” with Republican gubernatorial candidate Doug Mastriano.
Come Monday, Ubieta will again be heard in Miami. And, it is thanks to Audacy Corp.
