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Univision Radio To Purchase KVBE-FM Fresno From Pappas Radio
Pappas Telecasting Companies and Univision Radio have entered into a definitive agreement under which Univision Radio will acquire KVBE-FM Hanford-Fresno, CA, from Pappas for $10 million cash. The transaction is subject to FCC approval. Effective immediately, Univision will program the station under a Time Brokerage Agreement until closing of the sale.
“We are thrilled to expand our presence in Fresno, a vibrant city with a thriving Hispanic population, with our purchase of KVBE,” said Gary Stone, CEO, Univision Radio. “This acquisition provides our listeners with an additional format offering of our cutting-edge programming and popular talent, again making Univision Radio their source for the most important information and best entertainment on the radio. In addition, we look forward to working with the Univision and TeleFutura television stations in Fresno on cross-promotional and community initiatives.”
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