Univision was required to sell its Puerto Rico TV station, WLII, and its repeater stations across the island as a condition to the U.S. federal government approving the pending transaction between the Company and its future majority owners, Searchlight and ForgeLight.
This week, the company reached an agreement with Burbank, California-based Liberman Media Group to acquire WLII-DT, WSUR-DT, and WOLE-DT. The company is not selling and will continue to operate its sister television station, WSTE-DT, and radio stations including Uforia.
Lenard Liberman, the president of Liberman Media Group, has extensive experience in the production of Spanish-language programming, as the former president of Liberman Broadcasting and the Estrella TV network. Following the close of this agreement, Liberman plans to continue programming the station with content from the Univision and UniMás broadcast networks and expanding the stations’ tradition of catering to the local market.
Pending customary regulatory reviews and approvals, the transaction is expected to close before the end of 2020. Until that time, WLII will continue to operate as a part of Univision on a business as usual basis.
