Las Colinas-headquartered Voz Media has bought the Mega TV business from Miami-based Spanish Broadcasting System Inc. for $64 million.
Voz Media, a conservative Spanish-language news startup, was founded in 2022 to serve the “growing and increasingly influential Hispanic community” in the United States. The brand delivers daily news content and plans to produce family viewing content — documentaries, movies, and sitcoms — on its streaming platform in the coming months.
Orlando Salazar, the media startup’s founder and CEO, takes the challenge of “moving Mega TV forward in both reach and content” seriously as Voz continues to serve Spanish speakers across the country. “It is an honor for Voz Media to be selected to continue the work and tradition started by Raúl Alarcón and Mega TV in the Spanish language television media market,” he said in a statement.
The transaction is expected to close upon Federal Communications Commission approval, the companies said.
Mega TV has forged a unique position among Hispanic viewers in the U.S. and Puerto Rico, Alarcón, chairman and CEO of SBS, said in a statement: “I am very proud of the nearly two decades of award-winning programming, community dedication, and industry accomplishments.”
Alarcón said he was “especially pleased” to the business in the hands of a dedicated Hispanic owner.
Alarcón said Salazar will not only continue the expansion of Mega TV, but “honor its unwavering commitment to faithfully serve our nation’s burgeoning Latino population.
“Minority ownership of the media, and the opportunities it affords to our nation’s fastest-growing constituency, is a critical component in guaranteeing a stable, profitable, and promising future for America.”
Voz Media has offices and studios in Dallas as well as in Miami and Madrid. It provides alternative news and content for Latinos in the United States, as well as Latin America, that it says reflect the core Hispanic values of hard work, faith, and commitment to family.
Mega TV is a network television operation with over-the-air, cable, and satellite distribution and affiliates throughout the United States and Puerto Rico. It produces a nationwide lineup of live concerts and events, and owns a group of digital properties, including LaMusica, a mobile app providing Latino-focused audio and video streaming content, and HitzMaker, a performance showcase for trendsetting new artists and music aficionados.
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