MediaCo Buys Estrella Media Content Operations, Hernández Named Interim CEO [Forbes]
Mediaco Holding Inc. - Class A (MDIA)
Company Research
Source: Forbes
MediaCo Holding Inc., which operates urban radio stations HOT 97 and WBLS in New York City, has acquired Estrella Media's content, digital, and commercial operations. Those assets consist of the EstrellaTV network, its linear and digital video content business, four free ad-supported streaming television channels - EstrellaTV, Estrella News, Cine EstrellaTV, Estrella Games - and the EstrellaTV app. Commercial operations include the sales and distribution operations. Rumors of a potential sale had been circulating for months, amid layoffs and the scrapping of new shows and talent announced in January, before their launch date. With this acquisition, MediaCo aims to boost its position as a stronger radio content provider for both Spanish and Urban music across terrestrial radio and audio streaming platforms. It expects to extend its reach by tapping into into the established audiences of Estrella's leading Regional Mexican radio stations like Que Buena Los Angeles, home of the nati
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News
- MediaCo Holding, Parent Of Hot 97 and WBLS Radio, Acquires Estrella Media's Spanish-Language Operations [Yahoo! Finance]Yahoo! Finance
- MediaCo Acquires Estrella Media's Content & Digital Operations [Yahoo! Finance]Yahoo! Finance
- MediaCo acquires Estrella Media's content and digital operations [Seeking Alpha]Seeking Alpha
- MediaCo Acquires Estrella Media's Content and Digital Operations [Yahoo! Finance]Yahoo! Finance
- MediaCo Acquires Estrella Media’s Content and Digital OperationsBusiness Wire
MDIA
Sec Filings
- 4/29/24 - Form 4/A
- 4/29/24 - Form 4/A
- 4/29/24 - Form 4
- MDIA's page on the SEC website