Bustos Media L.L.C.
TypePrivately held
HeadquartersPortland, Oregon
Productsradio broadcasting
Websitebustosmedia.com

Bustos Media L.L.C. is a media corporation headquartered in Portland, Oregon.

Bustos Media specializes in operating Spanish-language, and other ethnic, radio stations in the United States. Most of its stations broadcast in Spanish; however, two of the company's stations have the Portland, Oregon, market's only full-time Russian language formats (KOOR and KGDD).

History

The company, originally headquartered in Sacramento, California,[1] was founded in July 2003 by Amador Bustos and his brother John Bustos, with investments from Providence Equity Partners, Providence, R.I., Alta Communications, Boston, and Opportunity Capital, Fremont, California.[2] The Sacramento-based Bustos Media, a private broadcasting company specializing in Spanish language radio, has over $100 million in private equity.[3] "Amador Bustos has built two radio empires catering to the tastes of America's Spanish-speaking population." Station is currently owned by ADELANTE MEDIA OF CALIFORNIA LICENSE LLC[4]

In 1992, the Amador brothers, with $3 million in private equity investment from Syndicated Communications (SYNCOM), launched Z-Spanish Radio Network, Inc. Over a period of eight years they acquired 32 radio stations.[3] In 2000, Z-Spanish sold the chain to Entravision Communications at a total valuation of $475 million.[5]

In May 2006, Bustos Media gained approval from the Federal Communications Commission to launch a Spanish-language television station in Milwaukee with programming from Azteca América.[6] As of 2009, Bustos Media had 25 radio stations across the U.S. and several television stations.

In January 2010 Bustos Media revealed that it was in technical default with its lenders.[7] On June 30, 2010, Bustos Media announced that the stations would be transferred to NAP Broadcast Holdings LLC, a company named for and controlled by its senior lenders, pending FCC approval. As part of the agreement, Amador and John Bustos resigned, effective immediately.[8]

In September 2010 NAP Broadcasting closed on the merger and announced that they would proceed under the name "Adelante Media Group".[9]

The Bustoses were able to keep some stations in Oregon, California and Texas.[10] In 2011, Bustos Media repurchased the Adelante stations in Portland.[11] Bustos reacquired several radio stations in Washington from Adelante Media Group for $6 million in 2014;[12] the following year, the company bought back WDDW in Milwaukee from Adelante for $1 million.[13]

Stations

Arizona

California

Oregon

Washington

Wisconsin

Former Bustos Media stations

California

Colorado

Idaho

Oregon

  • KRYN 1230 AM, Gresham Spanish Christian sold to Centro Familiar Cristiano
  • KXET 1150 AM, Portland Regional Mexican now Defunct

Texas

Utah

  • KDUT 102.3 FM, Randolph
  • KTUB 1600 AM, Centreville
  • KBMG 106.1 FM, Evanston, Wyoming
  • KBTU-LP TV, Salt Lake City

Washington

  • KDYK 1020 AM, Union Gap Spanish Adult Hits sold to Centro Familiar Cristiano
    • K229AD 93.7 FM, Yakima (rebroadcasts KDYK) sold to Centro Familiar Cristiano
  • KULE 730 AM, Ephrata Spanish sold to Centro Familiar Cristiano
  • KZXR 1310 AM, Prosser, sold to Iglesia Pentecostal Vispera del Fin
    • K237GY 95.3 FM, Prosser (rebroadcasts KZXR) sold to Iglesia Pentecostal Vispera del Fin

Wisconsin

Z-Spanish Radio Network

Z-Spanish Radio Network had the following radio stations at the time of its sale to Entravision in August 2000.

Arizona

California

Illinois

Indiana

Massachusetts

Texas

See also

References

  1. ↑ " Contact Us." Bustos Media. October 17, 2003. Retrieved on June 27, 2010.
  2. ↑ Kirchen, Rich (2006-02-17). "Hispanic radio owner plans more Milwaukee stations - The Business Journal of Milwaukee". Bizjournals.com. Retrieved 2010-06-28.
  3. 1 2 "Turning Up the Volume". HispanicBusiness.com. Archived from the original on 2007-09-27. Retrieved 2010-06-28.
  4. ↑ "HispanicTips » » Times are Changing in Spanish-language Radio". Archived from the original on 2007-09-27. Retrieved 2006-12-30.
  5. ↑ "Bustos Media CEO Amador Bustos | Sacramento Business & Technology News and Features :: Sacramento, CA". Prospermag.com. Archived from the original on 2008-11-21. Retrieved 2010-06-28.
  6. ↑ "HispanicTips » » Bustos Media plans Spanish TV". Archived from the original on 2007-09-27. Retrieved 2006-12-30.
  7. ↑ "Bustos Media works to restructure". Inside Radio. January 21, 2010. Archived from the original on July 13, 2011. Retrieved May 5, 2018.
  8. ↑ "Bustos Media Files To Transfer All Stations". Radio Ink Magazine. June 30, 2010. Archived from the original on 2012-02-27.
  9. ↑ "NAP CLOSES ON BUSTOS, LAUNCHES ADELANTE". Radio Ink. September 27, 2010. Archived from the original on December 13, 2013.
  10. ↑ "Bustos makes a comeback - Media Moves". MediaMoves.com. January 27, 2011. Retrieved January 16, 2018.
  11. ↑ "Bustos Media Rebuilding, Purchases Four Stations". Billboard.com. Archived from the original on May 10, 2018. Retrieved January 16, 2018.
  12. ↑ "Price For Bustos-Adelante Deal: $6 Million". AllAccess.com. Retrieved January 16, 2018.
  13. ↑ Venta, Lance (April 22, 2015). "Bustos Reacquires WDDW Milwaukee". RadioInsight. Retrieved October 22, 2015.
  14. ↑ "Lazer Expands Into Sacramento & Modesto - RadioInsight". RadioInsight.com. October 20, 2014. Retrieved January 16, 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.