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Equity cancels Spanish-language news in 6 markets

June 10, 2008 by Veronica Villafañe

Six of Equity Media’s Univision affiliates will no longer air newscasts in six markets. Blaming a slump in the economy and revenue shortfalls, the company on Friday shut down its centralized Spanish-language newscast. The affected stations were in Oklahoma City, Naples-Ft. Myers, Fla.; Detroit; Amarillo, Tx.; Salt Lake City and Fort Smith-Fayetteville, Ark.

According to TVNewsday, the two daily newscasts were anchored at Equity Media’s production and distribution hub in Little Rock, but included stories two reporters stationed in each of the six markets.

Back in early April, Equity announced it faced financial troubles, reporting a net loss of $ 40. 7 million in 2007. That triggered a sharp drop in its stock price. In order to liquidate some of its debt, the company sold 5 of its stations for $8 million dollars.

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Filed Under: TV & Radio Tagged With: Equity, Spanish-language news canceled

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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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