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WASHINGTON, D.C. Federal regulators on Monday approved the merger of the leading Hispanic TV power, Univision Communications, with the top Spanish-language radio company, Hispanic Broadcasting Corp.
The action, on a 3-to-2 vote by the Federal Communications Commission, creates a media powerhouse that backers say will be able to compete for advertising with bigger, traditional English-language networks. The approval joins 68 radio stations owned or controlled by HBC with 32 TV stations owned or controlled by Univision, the FCC said.
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