Latino Broadcaster Announces Plan to Sell TV Business To Media Firm

Latino Broadcaster Announces Plan to Sell TV Business To Media Firm

By:

Monday, February 13, 2023

America’s Latin population is one of the fastest growing in the country and this broadcaster just announced the sale of its Hispanic-based TV business to another Latino media firm. 

Spanish Broadcasting System, Inc. (OTC Pink: SBSAA) announced the sale of its Mega TV business and certain associated real estate to Voz Media for a total acquisition price of $64 million. Per the company’s press release, the transaction is expected to close upon Federal Communications Commission approval.

Mega TV will continue under the leadership of another Hispanic-owned media company. Voz Media currently has offices and studios in Dallas as well as in Miami and Madrid and provides alternative news and content for Latinos in the U.S., as well as Latin America , that reflect the core Hispanic values of hard work, faith and commitment to family.

Shares closed Friday at $0.61


Copyright © 2023 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

Shares of Biopharma Up After News of Uplisting
Expansion into Taiwan Markets Is Helping Shares of this Blockchain Firm
Mixed Shelf Filing Gives Micro Cap Delayed Boost
Most Popular
FREE Newsletter
AllPennyStocks.com Favorites


Back to Top