The FCC’s Media Bureau has approved the Univision Holdings sale of majority ownership interest in the Spanish-language media company and its broadcast properties (65 TV stations and 58 radio stations) to investment firms Searchlight Capital Partners and ForgeLight. The bureau’s approval is conditioned on the sale of three Puerto Rico TV stations — WLII and two satellites, WSUR and WOLE — to comply with FCC local ownership rules.
Liberman Media Group is buying WLII Caguas-San Juan, Puerto Rico, and two repeaters for an undisclosed price.
The Univision station in Puerto Rico, WLII Caguas, laid off 99 employees in its news, production and promotion departments today. In doing so, the station nixed its morning, noon and evening newscasts. However, Ruben & Co., roundtable discussion program hosted by local radio and TV personality Ruben Sanchez, expands to one-hour, Monday to Friday and […]