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Media conglomerate, Spanish Broadcasting System, agrees to transfer ownership of its Puerto Rico TV stations.

Television stations WVEO, WTCV, and WVOZ are set to be purchased by the proprietor of Daystar Television Network.

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Television stations WVEO, WTCV, and WVOZ to be purchased by the proprietor of Daystar Television...
Television stations WVEO, WTCV, and WVOZ to be purchased by the proprietor of Daystar Television Network.

Media conglomerate, Spanish Broadcasting System, agrees to transfer ownership of its Puerto Rico TV stations.

Breaking News from San Juan, Puerto Rico: Spanissh Broadcasting System (SBS) has sealed a deal to sell off WVEO(DT), WTCV(DT), and WVOZ-TV Puerto Rico to Daystar Television Network, a Christian faith-based broadcaster. The financial terms of the sale are as secret as a pirate's treasure map.

SBS has opted to focus on their stronghold - core audio and digital businesses, which include popular radio stations and digital platforms like LaMusica. Raúl Alarcón, SBS Chairman and CEO, declared, "This sale allows us to sharpen that focus and invest in our growth with unmatched expertise."

Daystar aims to bring their faith-based channel "Daystar Español" to the island, stating, "We look forward to serving the island's communities with inspirational content and uplifting messages, continuing our mission of producing and providing quality television that will reach our viewers, refresh their lives, and renew their hearts."

Though SBS bids adieu to their television ventures in Puerto Rico, they maintain their formidable presence through top-rated radio stations like Mega 106.9, La Nueva 94, Zeta 93, and Estereotempo 96.5.

Intriguingly, this transaction follows a collapsed deal between SBS and Voz Media in 2023, ending in litigation and an out-of-court settlement in March 2024. Greg Guy of Tideline Partners served as the exclusive broker, bridging this deal for SBS.

The media landscape in Puerto Rico is poised to undergo a transformation, as Daystar ventures into the island's television market, bringing faith-based programming to a diverse viewer base. This move reflects the ongoing media consolidation and strategic realignment among major broadcasters. Stay tuned for more updates on this evolving story!

  1. The financial details of the sale of WVEO(DT), WTCV(DT), and WVOZ-TV Puerto Rico from SBS to Daystar Television Network are shrouded in secrecy, similar to a pirate's treasure map.
  2. Following the sale, SBS will channel their efforts into their core digital businesses, like LaMusica, and their popular radio stations such as Mega 106.9, La Nueva 94, Zeta 93, and Estereotempo 96.5.
  3. Daystar Television Network intends to transmit their faith-based channel "Daystar Español" to the island, hoping to serve the communities with inspirational content and uplifting messages.
  4. This deal is a testament to the ongoing media consolidation and strategic realignment among major broadcasters, a digital technology trend that continues to alter the media landscape.
  5. The collapsed deal between SBS and Voz Media in 2023 culminated in litigation and an out-of-court settlement in March 2024, paving the way for this recent transaction.
  6. Daystar's move into Puerto Rico's television market signals a shift in the industry, bringing faith-based programming to a diverse viewer base across various digital IP platforms.
  7. From broadcasting to streaming, the finance, business, and technology sectors continue to play pivotal roles in shaping the future of media, particularly in the delivery of high-definition video content to consumers.

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