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NBC backs off sale of Telemundo stations

December 21, 2007 by Veronica Villafañe

NBC Universal has pulled WKAQ-Channel 2, Telemundo Puerto Rico and KWHY-Channel 22 in Los Angeles off the market. They had previously put both stations up for sale in October, after buying Oxygen Media. The stations’ sale would have helped pay for NBC Universal’s $925 million acquisition.

According to Hispanic Market Weekly, the company’s asking price was too high for potential buyers.

Filed Under: TV & Radio

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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here
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