Vme Media Inc. secures major investment from a group of Florida-based private investors

Vme Media Inc. announced that it has secured a major investment from a group of Florida-based private investors. The new investors will now gain controlling interest in Vme Media,Inc., the U.S. Hispanic content and distribution company. Vme Media, Inc. is the owner of the cable network, Vme Kids and national Spanish-language network Vme, which ranks only behind Univision’s and Telemundo’s broadcast channels in national household distribution.“This investment permits Vme to continue its expansion and commitment to providing quality educational programming to the Latino community. The investor group is making a substantial investment in Vme to ensure the future of Vme’s mission,” said Eduardo Hauser, chairman of the board.The investment group will supplement existing staff from Vme. Vme will continue to work with its 42 public television partners across the country as well as to grow and enhance the company’s commercial cable network, Vme Kids.The new investors will now have four seats on the Vme board and have appointed Eduardo Hauser, Víctor Cerda, Juan José Rendón and Eligio Cedeño. Prisa, Symcom Venture Partners and Thirteen (formerly known as Educational Broadcasting Corporation) a WNET subsidiary, will continue to be represented on the board of Vme Media, Inc. by Manuel Polanco, Terry Jones and Robert Feinberg.