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.