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Female-Led Latino Media Network Launches With $60 Million Acquisition Of TelevisaUnivision Radio Stations – Forbes

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Two Latina social entrepreneurs today officially launched the Latino Media Network (LMN), a new media content creation, talent incubation and distribution company, aimed at reaching the Hispanic market, initially focused on audio.

Stephanie Valencia and Jess Morales Rocketto raised $80 million – one of the largest capital raises of a Latina owned and operated startup in the U.S – from a diverse set of investors. They also tapped a series of high-profile entrepreneurs, media and celebrity advisors and board members to support the new venture, including actress Eva Longoria, news personality María Elena Salinas and Christy Haubegger, founder of Latina magazine and current WarnerMedia executive.

“As Latinos drive population growth in the United States, they continue to navigate the ocean of information on what is happening in the world and their place in it. With minority media on the decline, now is the time to be investing in more resources to create content for Latinos by Latinos. Through the unique combination of creative content and new and existing media platforms to serve our community, we can embrace cultural pride and collectively empower Latinos,” said LMN co-founder Stephanie Valencia.

To coincide with its launch, the company also announced it signed a definitive agreement with TelevisaUnivision to purchase 18 radio stations in 8 of the top 10 Latino markets in a $60 million all cash deal. LMN has secured equity investments from leading Latino investors and debt financing for the acquisition from Lakestar Finance LLC, an investment entity affiliated with Soros Fund Management LLC.

The 18 AM and FM stations are WADO-AM (New York), KTNQ-AM (Los Angeles), WRTO-AM (Chicago), KFZO-FM and KFLC-AM (Dallas), KLAT-AM (Houston), WAQI-AM and WQBA-AM (Miami), KXTN-AM (San Antonio), KISF-FM, KLSQ-AM and KRGT-FM (Las Vegas), KGBT-FM, KBTQ-FM and KGBT-AM (McAllen), KLLE-FM, KOND-FM and KRDA-FM (Fresno).

“Our company, and these stations, are for our community,” said LMN co-founder Jess Morales Rocketto. “We believe in the power and reach of radio and it remains a main source of media for a significant number of our community. We hope to create relevant content for radio and other audio platforms with content that our community can trust and rely on.”

Both companies agreed to a one year transition of the stations following FCC approval, with an expected conclusion in Q4 of 2023.

A TelevisaUnivision spokesperson issued a company statement acknowledging the agreement “to divest 18 of its non-core radio stations,” reaffirming that it’s not abandoning the radio business. “As of the closing of the transaction, TelevisaUnivision will still operate the largest Spanish-language radio footprint in the country by audience reach, with 39 stations across 12 top markets, such as New York City, Los Angeles, Chicago, Dallas, and Houston, and a network of 228 affiliate stations across 79 markets. Audio and music will continue to be a strategic priority through investments in core radio assets and Uforia, TelevisaUnivision’s audio brand which includes audio streaming, podcasts and live concert series.”

LMN says it plans to keep current TelevisaUnivision employees who work at the stations it is acquiring and that it is in the process of recruiting top talent for its senior management team, which will be announced later this year.

The new company’s board members, investors and advisors include:

  • Maria Elena Salinas: Award-winning journalist and author, former co-anchor of Univision’s evening news for more than 30 years. Principal of MES Mult-Media LLC.
  • Eva Longoria: Director, actor, activist and philanthropist. CEO and Founder, UnbeliEVAble Entertainment and Founder, Casa del Sol Tequila.
  • Dr. Eduardo Padron: President Emeritus, Miami Dade College; Strategic Corporate Advisor; Board, Urban Institute. Recipient of the Presidential Medal of Freedom.
  • Al Cardenas: Board member Coral Gables Trust Co., Investor and Treasurer, American Business Immigration Coalition; former Chair of the Republican Party of Florida and former Chair of the American Conservative Union.
  • Maria Contreras Sweet: Co-founder of Pro-America Bank; former US Administrator of the Small Business Administration; former Secretary of Business and Transportation for the State of California.
  • Mónica Lozano: Former publisher and CEO of La Opinión and CEO of its parent company, ImpreMedia, LLC. Currently on corporate boards of Walt Disney
    DIS
    Corporation, Apple
    AAPL
    , Inc. and Target
    TGT
    Corporation.
  • Henry R. Muñoz III: Activist, business leader and philanthropist, who has launched national movements including Momento Latino, TheDream.US and Latino Victory, support the Latino community.
  • Luis Ubiñas: Investor and advisor. Former President Ford Foundation, Senior Partner McKinsey and Company. Current corporate director at AT&T
    T
    , Chairman, Statue of Liberty-Ellis Island Foundation.
  • Tom Castro: Founder and CEO El Dorado Capital and radio entrepreneur, investor, and corporate director. Has bought and sold over 50 radio stations serving the Latino community. Former Director of Time Warner.
  • Juleyka Lantigua: Founder/CEO, LWC Studios. Peabody-nominated audio creator, former NPR, Atlantic Media, and Random House.
  • Tom Chavez: Hi-tech entrepreneur, author and co-founder of superset, a startup studio that builds and funds software companies.
  • Christy Haubegger: Founder, Latina magazine and current EVP, Chief Enterprise Inclusion Officer and Head of Marketing & Communications at WarnerMedia.
  • Alicia Bassuk: Founder of Ubica Leadership Strategies. Partner and investor in several ventures, including Kinzie Capital Partners and Core Innovation Capital.
  • Jess Morales Rocketto: Chief of Moonshot Strategies at Equis. Co-Founder of Families Belong Together, Poderistas, and Supermajority. Formerly National Domestic Workers Alliance, Hillary for America, Obama for America.
  • Stephanie Valencia: Co-Founder and President at Equis. Co-founder of Poderistas, Latino Talent Initiative, The Latina Collective, and Latinos44. Formerly Google, Obama White House, United States Congress.
  • Gibson, Dunn & Crutcher LLP, Sidley Austin LLP, Fletcher Heald, and Herrera Arellano all advised on the deal.

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Newest council appointment resigns after controversial social media posts surface – CityNews Toronto

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[unable to retrieve full-text content]

  1. Newest council appointment resigns after controversial social media posts surface  CityNews Toronto
  2. Newly appointed Toronto councillor resigns after controversial social media posts resurfaced  CTV News Toronto
  3. Toronto politician accused of homophobic social media posts resigns from city council  blogTO
  4. Toronto’s newest councillor resigns hours after she was appointed  Global News
  5. View Full coverage on Google News



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Media Advisory: Ministers Stoodley and Davis to Attend Run for Women in Support of Stella's Circle – News Releases – Government of Newfoundland and Labrador

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On Sunday, June 26 the Honourable Sarah Stoodley, Minister of Digital Government and Service NL and the Honourable Bernard Davis, Minister of Environment and Climate Change, will attend the LOVE YOU’ by Shoppers Drug Mart Run for Women, in support of women’s mental health programs at Stella’s Circle.

The event is set to begin at 8:45 a.m. at Quidi Vidi Lake, 115 The Boulevard, St. John’s.

The Run for Women is held in 18 cities throughout Canada and focuses on Women’s Mental Health. Funds raised go to this year’s charity partner, Stella’s Circle, to specifically support programming at Naomi House and the Just Us Women’s Centre. The event also promotes physical movement as a means to creating better positive mental health outcomes.

-30-

Media contacts
Krista Dalton
Digital Government and Service NL
709-729-4748, 685-6492
kristadalton@gov.nl.ca

Lynn Robinson
Environment and Climate Change
709-729-5449, 691-9466
lynnrobinson@gov.nl.ca

2022 06 24
1:40 pm

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Newly appointed Toronto councillor resigns after controversial social media posts resurfaced – CTV News Toronto

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A newly installed Toronto councillor has resigned after her old social media posts, which appear to show homophobic content, were unearthed hours following her appointment.

Rosemarie Bryan was appointed by city council as the new councillor for Ward 1 – Etobicoke North during a special meeting on Friday, filling the vacancy left by Michael Ford, who ran in June’s provincial election and won.

After she was appointed, however, Bryan’s alleged past social media activities, which appears to show her sharing anti-LGBTQ content, were brought to light.

Friday was the start of the Pride Toronto’s Festival Weekend, which features the return of the Pride Parade to downtown streets on Sunday following a two-year hiatus.

Several councillors posted to social media that had they known about Bryan’s posts, they would not have voted for her to fill the seat.

“A majority of councillors would have never this (way) had this information been brought forward. We relied too heavily on the recommendation being made by former councillor,” Coun. Mike Layton tweeted.

“We need to reopen this debate.”

Of the 23 councillors who cast their ballots, 21 voted for Bryan, including Mayor John Tory.

Coun. Josh Matlow, one of the two councillors who did not vote for Bryan, called for her resignation, tweeting that he does not believe “anyone who supports hate and bigotry should be a Toronto city councillor, or hold any public office for that matter. This is disgraceful.”

On Friday night, Bryan released a statement announcing that she is resigning, saying it’s the best way to continue serving those who love and support her in Etobicoke North.

Bryan said she is devastated that her past online posts are being “thrown against my decades of commitment to the community.”

“I recognize councillors were not aware of those posts before today’s discussion and now that they are, I recognize many would not have cast their vote for me. I don’t want to hurt all those who supported me and I remain committed to helping my community in any and every way I can,” she said.

In a statement, Tory said while Bryan made a “strong case” to council for her appointment, her past social media posts are “not acceptable.”

“I totally disagree with any homophobic or transphobic views. I absolutely support our 2SLGBTQ+ residents. City Councillors are expected to set an example when it comes to consistency with our shared values,” Tory said.

“I would not have voted for this appointment had I been aware of these posts and I know that is the sentiment of the vast majority of council who also voted today.”

He said it was appropriate for Bryan to resign.

“The upset this has caused everyone involved is extremely unfortunate. This is especially unfortunate on the very weekend when we are celebrating the progress we have made together,” Tory said, adding that he has asked staff to review the overall appointment process.

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