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FCC Approves Controversial Univision-Hispanic Broadcasting Merger.
Knight Ridder/Tribune Business News, September, 2003
The Dallas Morning News Knight Ridder/Tribune Business News
Sep. 23--The Federal Communications Commission Monday approved the merger of Univision Communications Inc. and Hispanic Broadcasting Corp. along 3-to-2 party lines, after 15 months of fierce public debate.
The $3.1 billion deal creates the nation's largest Spanish-language media company -- by far. The combined companies will hold vast control of the audience and advertising dollars in the nation's Spanish-language broadcasting market at a time when Hispanic growth is outstripping that of the general population by a four-to-one margin.
The review was one of the longest running in FCC history.
Each party in the marriage brings a big dowry. Dallas-based Hispanic...
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