Univision wraps up radio purchases

Co. cuts stake in Santa Monica-based Entravision

Univision Communications has completed its $90 million purchase of Entravision Communications Corp.’s FM station KBRG and AM station KLOK, serving the San Francisco/San Jose market.

In doing so, it has also cut its stake in Santa Monica-based Entravision, as demanded by the Dept. of Justice in 2003 when Univision bought Spanish-language radio company Hispanic Broadcasting Corp. for $2.3 billion.

The DoJ wants Univision, the dominant Spanish language broadcaster in the U.S., to trim its holding in Entravision from 27% to 15% by March 26 and to 10% by 2009. Univision bought the radio stations with about 12.6 million shares of Entravision Class U stock, thereby cutting its holding to 19.8%

Station purchase, announced Tuesday, bolsters cross-promotions for Univision in the key northern California market and boosts the growing radio biz.

Univision now owns or operates 67 radio stations in 16 U.S. markets plus four stations in Puerto Rico; in May 2005, it introduced a reggaeton-based format, La Kalle.

Entravision owns and operates 47 TV stations and nearly 60 radio stations across the country.

More Biz

  • Hand out image - Free of

    Philanthropy at the Core of Scooter Braun's Business

    Univision Communications has completed its $90 million purchase of Entravision Communications Corp.’s FM station KBRG and AM station KLOK, serving the San Francisco/San Jose market. In doing so, it has also cut its stake in Santa Monica-based Entravision, as demanded by the Dept. of Justice in 2003 when Univision bought Spanish-language radio company Hispanic Broadcasting Corp. for […]

  • Jeremy Piven

    'Entourage' Extra Claims Jeremy Piven Assaulted Her in New Allegation

    Univision Communications has completed its $90 million purchase of Entravision Communications Corp.’s FM station KBRG and AM station KLOK, serving the San Francisco/San Jose market. In doing so, it has also cut its stake in Santa Monica-based Entravision, as demanded by the Dept. of Justice in 2003 when Univision bought Spanish-language radio company Hispanic Broadcasting Corp. for […]

  • This, photo shows the 21st Century

    Comcast, Disney Keep Focus on 21st Century Fox Assets Despite AT&T-Time Warner Battle

    Univision Communications has completed its $90 million purchase of Entravision Communications Corp.’s FM station KBRG and AM station KLOK, serving the San Francisco/San Jose market. In doing so, it has also cut its stake in Santa Monica-based Entravision, as demanded by the Dept. of Justice in 2003 when Univision bought Spanish-language radio company Hispanic Broadcasting Corp. for […]

  • Scorpion-cbs TV Show

    How Scooter Braun Turned Luck With First Series 'Scorpion' Into Prolific TV Business

    Univision Communications has completed its $90 million purchase of Entravision Communications Corp.’s FM station KBRG and AM station KLOK, serving the San Francisco/San Jose market. In doing so, it has also cut its stake in Santa Monica-based Entravision, as demanded by the Dept. of Justice in 2003 when Univision bought Spanish-language radio company Hispanic Broadcasting Corp. for […]

  • Peter Thiel

    Billionaire Peter Thiel Sells Majority of Facebook Stake, Pocketing $29 Million

    Univision Communications has completed its $90 million purchase of Entravision Communications Corp.’s FM station KBRG and AM station KLOK, serving the San Francisco/San Jose market. In doing so, it has also cut its stake in Santa Monica-based Entravision, as demanded by the Dept. of Justice in 2003 when Univision bought Spanish-language radio company Hispanic Broadcasting Corp. for […]

  • Justin Bieber Ariana Grande Kanye West

    From Ariana to Watt: Catching Up With Scooter Braun's 20 Clients as SB Projects Turns 10

    Univision Communications has completed its $90 million purchase of Entravision Communications Corp.’s FM station KBRG and AM station KLOK, serving the San Francisco/San Jose market. In doing so, it has also cut its stake in Santa Monica-based Entravision, as demanded by the Dept. of Justice in 2003 when Univision bought Spanish-language radio company Hispanic Broadcasting Corp. for […]

  • Scooter Braun Team

    Meet the Six Key Execs Who Help Scooter Braun Care for Roster of Clients

    Univision Communications has completed its $90 million purchase of Entravision Communications Corp.’s FM station KBRG and AM station KLOK, serving the San Francisco/San Jose market. In doing so, it has also cut its stake in Santa Monica-based Entravision, as demanded by the Dept. of Justice in 2003 when Univision bought Spanish-language radio company Hispanic Broadcasting Corp. for […]

More From Our Brands

Access exclusive content