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Article: MultiCultural Radio Broadcasting Acquires Radio Unica Communications; Merger Will Produce Nation's Largest Group of Asian-Language Radio Stations.
- Article from:
- Business Wire
- Article date:
- February 9, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Entertainment Editors/Business Editors
NEW YORK--(BUSINESS WIRE)--Feb. 9, 2004
MultiCultural Radio Broadcasting Inc., a leading broadcaster of ethnic programming with 30 radio stations across the U.S., today announced the acquisition of Radio Unica Communications Corp. (OTC: BB: UNCA), a Spanish-language radio broadcasting company with 15 radio stations in New York, Los Angeles, Chicago, San Francisco and Miami among other cities.
MultiCultural Radio Broadcasting (MRBI) acquired the station assets for approximately $150 million in cash. The combined company will have 43 radio stations after selected divestitures, making it the 18th-largest ...