MIAMI — Latino Media Network, the newly formed media company that stirred controversy when it announced plans this summer to purchase Miami’s Radio Mambí along with 17 other stations in Hispanic markets, has been approved by the Federal Communications Commission to buy the Spanish-language stations from TelevisaUnivision.
This week's decision by the FCC is a significant step toward finalizing the $60 million deal.
On Wednesday, a Latino Media Network spokesperson said the company continued to “focus on creating a broadcast network that is owned by and made for our country’s rapidly growing Latino population.”
