Entravision acquires WNUE-FM in Orlando.
October 30, 2007
Entravision Communications Corporation announced that it has entered into a definitive agreement to acquire Spanish-language radio station WNUE-FM serving the Orlando, Florida market from Mega Communications for an aggregate purchase price of approximately $24 million. Entravision will begin operating the station on December 1, 2007 pursuant to a local marketing agreement between Entravision and Mega Communications.
Entravision currently owns and operates television station WVEN-TV Channel 26, a Univision affiliate and operates television station WOTF-TV Channel 43, a Telefutura affiliate, serving the Orlando, Florida market. With the addition of radio station WNUE-FM, Orlando will become Entravision’s 11th market in which it owns both radio and television assets.
“We are very excited about further strengthening our Orlando cluster and increasing our leadership position in this fast growing market,” said Walter F. Ulloa, Entravision’s Chairman and Chief Executive Officer. “Given our existing media operations in Orlando, we are confident that we can operate WNUE-FM more cost efficiently, while maximizing cross-promotion opportunities for advertisers.”