CORAL GABLES, FLA. — In June, a newly formed Santa Fe, N. Mex.-headquartered media company super-serving U.S. Hispanic consumers agreed to acquire 18 AM and FM radio stations from TelevisaUnivision.
The $60 million deal triggered a spirited protest movement in Miami, as the buyer secured debt financing for the acquisition from an investment entity affiliated with Soros Fund Management LLC. Given George Soros’ political leanings, conservatives were furious that changes to longtime anti-Castro Spanish-language Talker “Radio Mambí” were inevitable. As such, efforts to thwart regulatory approval of the transaction were engaged.
The FCC has now spoken. The applications for the transfer of control to Latino Media Network have been approved.
