Merger to create biggest Spanish-language media firm in U.S

The merger gives Univision a dominant command of the nation's Spanish-speaking audience. Already, it claims to have more than a quarter of Spanish-language music sales. The radio unit would give Univision the biggest share in that niche, or about 11 percent of the Spanish-language radio station...

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Bibliographic Details
Published inKnight Ridder Tribune News Service p. 1
Main Author John Kirkpatrick and Angela Shah
Format Newsletter
LanguageEnglish
Published Washington Tribune Content Agency LLC 22.09.2003
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Summary:The merger gives Univision a dominant command of the nation's Spanish-speaking audience. Already, it claims to have more than a quarter of Spanish-language music sales. The radio unit would give Univision the biggest share in that niche, or about 11 percent of the Spanish-language radio stations in a highly fragmented submarket, according to Inside Radio, a trade publication and research house. The FCC ruling sets into motion an agreement reached last spring with the Justice Department regarding Entravision Communications Corp., of which Univision owns about 27 percent. Univision will divest itself of Entravision so that by 2009 its ownership will not exceed 10 percent, a spokeswoman said. In addition, should the FCC's new media ownership regulations eventually go into effect, Univision will divest up to two Hispanic Broadcasting radio stations -- one in Albuquerque, N.M., and another in Houston -- to comply with those new regulations, Univision said in its press release.