Advertisement
YOU ARE HERE: LAT HomeCollectionsSpanish International Communications Corp
IN THE NEWS

Spanish International Communications Corp

FEATURED ARTICLES
BUSINESS
June 3, 1987
In addition to renewing the license of the Los Angeles TV station, the Federal Communications Commission granted license renewals for its Spanish International Communications Corp.'s sister television stations in San Antonio, Tex. (KWEX-TV); Miami (WLTV); New York (WXTV), and Fresno (KFTV). The FCC decision--after years of administrative hearings--clears the way for the sale of the company to Hallmark Cards Inc.
ARTICLES BY DATE
BUSINESS
June 3, 1987
In addition to renewing the license of the Los Angeles TV station, the Federal Communications Commission granted license renewals for its Spanish International Communications Corp.'s sister television stations in San Antonio, Tex. (KWEX-TV); Miami (WLTV); New York (WXTV), and Fresno (KFTV). The FCC decision--after years of administrative hearings--clears the way for the sale of the company to Hallmark Cards Inc.
Advertisement
BUSINESS
July 3, 1986
The investor group said it made a bid of more than $250 million to buy five Spanish-language television stations, including KMEX of Los Angeles. The owner, Spanish International Communications Corp., put the stations up for sale following a challenge by the Federal Communications Commission, which contends that the stations are secretly controlled by foreign interests. The group is led by Los Angeles surgeon Tirso del Junco, former chairman of the California Republican Party.
NEWS
August 13, 1986
A Hispanic-American company asked a federal judge in Washington to reconsider the court-approved $301.5-million sale to Hallmark Cards Inc. of Spanish International Communications Corp., operators of Spanish-language television stations serving Los Angeles, Miami, San Antonio, Fresno and New York City. TVL Corp., formed by Hispanic-American businessmen, contended that Hallmark received "preferential treatment" and that there were "gross irregularities" in the bidding process.
NEWS
July 21, 1986 | From Associated Press
Spanish International Communications Corp. agreed today to be acquired by Hallmark Cards Inc. of Kansas City, Mo., and First Capital Corp. of Chicago for $301.5 million in cash and notes. SICC, the largest operator of Spanish-language television stations in the nation, has run afoul of the Federal Communications Commission for allegedly being controlled by foreign interests in violation of U.S. law. Among the five major stations involved in the sale are KMEX-TV in Los Angeles and KFTV in
CALIFORNIA | LOCAL
February 28, 1986 | GEORGE RAMOS, Times Staff Writer
Intensive bargaining among the squabbling owners of Los Angeles television station KMEX and four other Spanish-language outlets across the country began under the watchful eye of a federal judge Thursday in an effort to end a dispute over company profits and policies. By settling the 10-year battle, the principals hope to resolve the objections of a federal administrative law judge who stripped the stations of their broadcasting licenses in a January order, according to both sides.
NEWS
May 5, 1986
In an attempt to end a stockholders' squabble, Rene Anselmo has resigned as president of the company that owns Los Angeles television station KMEX and four other Spanish-language TV stations in the United States. Anselmo, who has been the dominant figure in Spanish-language TV programming in the United States for the past 25 years, said he was urged to step down from his post at Spanish International Communications Corp. by Los Angeles U.S. District Judge Mariana R.
ENTERTAINMENT
August 8, 1986 | VICTOR VALLE, Times Staff Writer
Latino organizations opposing the sale of KMEX-TV (Channel 34) to non-Latino buyers won a new ally this week in the County Board of Supervisors. The board voted 3-0 to request that the Federal Communications Commission grant the station's operating license to Latino buyers.
ENTERTAINMENT
October 9, 1986 | VICTOR VALLE, Time Staff Writer
The controversial sale of KMEX-TV in Los Angeles and nine other Spanish-language outlets to Hallmark Cards Corp.'s and First Capital Corp. of Chicago cleared another hurdle this week when a Los Angeles federal judge reaffirmed her decision to select their $301-million bid. In August, Latino-owned TVL Corp., an unsuccessful bidder for the Spanish International Communications Corp.
NEWS
October 4, 1986 | Associated Press
Federal broadcasting rules have been waived to allow Hallmark Cards to proceed with its $301.5-million purchase of five Spanish-language TV stations, including KMEX Channel 34 in Los Angeles, the Federal Communications Commission announced Friday. The sale, by Spanish International Communications Corp., must await an FCC ruling that Hallmark and its partner, First Chicago Venture Capital, are qualified to be licensees. The deal has been challenged in court by a group of Latino organizations.
Los Angeles Times Articles
|