Some 90 weeks ago, the publicly traded Hispanic media company founded in 1983 by Raúl Alarcón Jr. agreed to reenter the Houston market. Rather than operate a TV station, however, Spanish Broadcasting System struck a deal to acquire a 40kw Class C1 facility serving Houston from the southern metro city of Seabrook, Tex.
It wouldn’t be until the end of 2024 that a closing date would come. But, the delay has little to do with the structure of this deal with Urban One.
