An eight-year federal investigation of the American media holdings of Emilio Azcarraga Milmo centered on three of his corporate entities. Following are capsule descriptions of each firm, as outlined in January by FCC Administrative Law Judge John H. Conlin:
Spanish International Communications Corp. (SICC): Founded in 1971, SICC was built through a series of mergers and expansions of American stations that Azcarraga's father earlier had invested in or controlled. More than 91% of SICC's stock is held by six shareholders, with more than 65% of the total shares either owned or subject to the control of the Azcarraga interests.
SICC owns and operates KMEX in L.A., WXTV in New York, WLTV in Miami, KFTV in Fresno and KWEX-TV in San Antonio along with repeater stations in Bakersfield, Philadelphia, and Hartford, Conn., and low-power stations in Austin and Denver. (SICC also owns broadcast outlets in San Francisco and Phoenix, but neither is included in the proposed sale to Hallmark Cards.)
Spanish International Network (SIN): A Delaware corporation formed in 1962, SIN is the exclusive advertising sales representative for SICC and provides 75% to 90% of the programs broadcast by the SICC stations. It also distributes programming to other broadcast outlets in the United States and to Mexican border stations. SIN is Televisa's wholly-owned U.S. program distributor and accounts for the largest share of its foreign export sales. Azcarraga is president of SIN.