After downsizing its radio clusters with sales in markets including Chicago and Albuquerque, Univision is making a move to expand its television footprint. The company has struck a deal to buy a low-power TV station in Austin where it already owns two FMs: regional Mexican “Que Buena 104.3” KLQB and Spanish adult hits KLJA (107.7).
Univision has announced it will pay $2.55 million to buy KXLK-CD (channel 23) from Radio Spectrum Partners. Univision already owns two other television stations in the market: KAKW-DT (channel 13) and KTFO-CD (channel 36).
In June Univision announced a $5 million deal to sell its four-station cluster in Albuquerque, one of its smaller markets, to American General Media. It also sold a standalone FM in Arizona City, AZ—between the Phoenix and Tucson markets—to Educational Media Foundation for $500,000. Also in June it struck a $5.5 million deal to spin off one half of Chicago’s “Latino Mix 93.5 & 103.1” simulcast WFIX/WVIV-FM to Alliance Communications. The portfolio adjustments come as Univision continues to weigh when and how to advance its long-delayed IPO. Some analysts have suggested the company may shed all of its radio stations prior to going public as a way to entice some investors.