VOZ MEDIA TO ADQUIRE MEGA TV TO BECOME THE PREMIER NEWS SOURCE FOR HISPANICS
Spanish Broadcasting System (SBS) announced this morning that it is selling its television and other related assets to Voz Media Inc., owner of voz.us, for $64 million.
Voz Media will acquire Mega TV. Spanish Broadcasting System (SBS) announced this morning that it is selling its television and certain related assets to Voz Media Inc., owner of voz.us, for $64 million.
This is not the first time that Voz Media and Mega TV have worked together. In December of last year, the two collaborated on the broadcast of Noche de Paz (Silent Night), a television special directed by Emmy winner Karina Yapor. This served as the starting point for the ensuing purchase negotiation that the Hispanic broadcasting network closed this week. The deal was officially announced Feb. 13 by Raúl Alarcón, president and CEO of SBS:
Mega TV, a staple in Hispanic television
The purchase must still be approved by the Federal Communications Commission (FCC) before Mega TV officially becomes part of Voz Media Inc., which has offices and studios in Dallas, Miami and Madrid, Spain. However, it represents a tremendous step forward to fulfill Voz Media’s goal of forging a medium for reference and communication for the Hispanic community in the United States. This is how Orlando Salazar explained it:
This is a mission that Voz Media shares with SBS, which was pleased to be able to successfully close the deal. Albert Rodríguez, president and director of SBS, assured that he was satisfied that Mega TV passed into the hands of the Salazar-led company: