It is celebrating its 26th year of serving Philadelphia’s Hispanic community, first at 900 kHz and since 2002 at its present home of 1310 kHz. In November 2016, it added an FM translator at 105.7 MHz, bringing the Latino community its first stereo home for Spanish Contemporary music in a decade.
Now, the owner of “Mega 105.7” is reviewing its assets and its profit generation, in the face of new competition from iHeartMedia. It’s not good: a bankruptcy filing was submitted to a federal district court in Fort Myers, Fla., several weeks ago. Now, the licensee has officially shifted to debtor-in-possession status.
