Share 'Hispanic Radio Company Expands to TV'

Miami-based Spanish Broadcasting System Inc. on Wednesday announced a deal to buy WDLP-TV (Ch. 22) and other television assets serving greater Miami, expanding beyond its base in radio into Spanish-language TV. SBS said it would pay $37.5 million for the TV venture that now is owned by William De La Peña and reaches about 1.5 million homes in the Miami-Fort Lauderdale area. The deal is expect...