MIAMI — When it comes to Puerto Rico, there are perhaps no better known radio properties than WKAQ-AM 580, the Spanish-language News/Talk station, and “KQ105,” the Spanish Contemporary cadena (or “network”) that’s used a variation of the “Hot Hits” format created by programming consultant Mike Joseph for at least four decades.
Since 2003, the AM/FM combo have been owned by Univision Communications, and today are “Uforia” stations under TelevisaUnivision Inc. Soon, they won’t be.
A big media company in Puerto Rico is getting the stations, along with some cash, in exchange of a streaming platform that could further bolster its recently launched ViX product across the U.S. and Latin America.
But that’s only part of the story: That media company getting WKAQ-AM and “KQ105” is going private, and TelevisaUnivision’s lead investor is behind the purchase.