Voz Media cancelled the acquisition of Mega TV Business and Certain Associated Real Estate from Spanish Broadcasting System, Inc. (OTCPK:SBSA.A).
September 21, 2023
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Voz Media agreed to acquire Mega TV Business and Certain Associated Real Estate from Spanish Broadcasting System, Inc. (OTCPK:SBSA.A) for $64 Million on February 9, 2023. The transaction is expected to close upon Federal Communications Commission (FCC) approval.
Voz Media cancelled the acquisition of Mega TV Business and Certain Associated Real Estate from Spanish Broadcasting System, Inc. (OTCPK:SBSA.A) on September 22, 2023.
Spanish Broadcasting System, Inc. owns and operates radio stations located in the United States Hispanic markets of Los Angeles, New York, Puerto Rico, Chicago, Miami, San Francisco, Orlando, and Tampa, airing the Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Urbano format genres. The Companyâs segments include radio and television. It operates AIRE Radio Networks, a national radio platform of over 290 affiliated stations. It also owns Mega TV, a network television operation with over-the-air, cable and satellite distribution and affiliates throughout the United States and Puerto Rico, produces a nationwide roster of live concerts and events, and owns a stable of digital properties, including LaMusica, a mobile application providing Latino-focused audio and video streaming content and HitzMaker, a performance showcase for trendsetting new artists and music aficionados. It also has various MegaTV broadcasting outlets under affiliation or programming agreements.
SPANISH BROADCASTING SYSTEM, INC. 
