Spanish Broadcasting System Expands Into TV.
June 13, 2005
Spanish Broadcasting System, Inc. (SBS) announced that it has entered into an agreement to acquire WDLP-TV (Channel 22) and other television assets serving Miami and South Florida from Dr. William De La Pena for $37.5 million on terms that were not disclosed. The acquisition is expected to close in the fourth quarter of 2005, pending FCC approval.
