Free Republic

As expected, the Federal Communications Commission (FCC) has cleared the way for the Soros-backed Latino Media Network’s (LMN) purchase of 18 Televisa Univision radio stations, among them Miami’s Radio Mambí. Inside Radio reported this on Monday:The FCC decision clears the way for the closing of the sale that involves 18 stations including 10 AMs and eight FMs in the largest U.S. markets, including eight of the top 10 Latino markets. Markets included are Los Angeles, New York, Miami, Houston, Chicago, Dallas, San Antonio, McAllen, Fresno, and Las Vegas. LMN, a new company founded by social entrepreneurs Stephanie Valencia and Jess...

Media content start-up Latino Media Network (LMN) raised $80 million to launch and secure a $60 million cash deal with TelevisaUnivision to purchase 18 radio stations in the top Latino markets. Forbes stated that LMN's debt financing came from Lakestar Finance LLC, an investment entity affiliated with Soros Fund Management LLC. The recent wave of Hispanic voters shifting their support to Republican candidates has leftist activists concerned about the future of elections. While the FCC still needs to approve the purchase of the stations – this process may take a year – Democratic politicians are already celebrating the win. In...