Bustos Media Explained

Bustos Media L.L.C.
Type:Privately held
Location:Portland, Oregon
Products:radio broadcasting

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

Texas

Utah

Washington

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

External links

Notes and References

  1. " Contact Us." Bustos Media. October 17, 2003. Retrieved on June 27, 2010.
  2. News: Hispanic radio owner plans more Milwaukee stations - The Business Journal of Milwaukee . Bizjournals.com . 2006-02-17 . 2010-06-28 . Rich . Kirchen.
  3. Web site: Turning Up the Volume . HispanicBusiness.com . 2010-06-28 . dead . https://web.archive.org/web/20070927224124/http://www.hispanicbusiness.com/news/newsbyid.asp?id=19463 . 2007-09-27 .
  4. Web site: HispanicTips » » Times are Changing in Spanish-language Radio . 2006-12-30 . dead . https://web.archive.org/web/20070927091631/http://www.hispanictips.com/2006/07/11/times-are-changing-in-spanish-language-radio/ . 2007-09-27 .
  5. Web site: Bustos Media CEO Amador Bustos | Sacramento Business & Technology News and Features :: Sacramento, CA . Prospermag.com . 2010-06-28 . dead . https://web.archive.org/web/20081121155623/http://www.prospermag.com/go/prosper/The_Magazine/may_2006/bustos_media_ceo_amador_bustos/index.cfm . 2008-11-21 .
  6. Web site: HispanicTips » » Bustos Media plans Spanish TV . 2006-12-30 . dead . https://web.archive.org/web/20070927091801/http://www.hispanictips.com/2006/05/15/bustos-media-plans-spanish-tv/ . 2007-09-27 .
  7. Web site: Bustos Media works to restructure. . Inside Radio . January 21, 2010 . dead . https://web.archive.org/web/20110713040818/http://www.insideradio.com/Article.asp?id=1666489&spid=32060 . July 13, 2011 . May 5, 2018.
  8. Web site: Bustos Media Files To Transfer All Stations . Radio Ink Magazine . June 30, 2010 . dead . https://web.archive.org/web/20120227040550/http://www.radioink.com/Article.asp?id=1860408&spid=24698 . 2012-02-27 .
  9. Web site: NAP CLOSES ON BUSTOS, LAUNCHES ADELANTE . Radio Ink . September 27, 2010 . dead . https://web.archive.org/web/20131213052550/http://www.radioink.com/Article.asp?id=1966427&spid=30800 . December 13, 2013 .
  10. Web site: Bustos makes a comeback - Media Moves. January 27, 2011. MediaMoves.com. January 16, 2018.
  11. Web site: Bustos Media Rebuilding, Purchases Four Stations. Billboard.com. January 16, 2018. May 10, 2018. https://web.archive.org/web/20180510020247/https://www.billboard.com/biz/articles/news/1177409/bustos-media-rebuilding-purchases-four-stations. dead.
  12. Web site: Price For Bustos-Adelante Deal: $6 Million. AllAccess.com. January 16, 2018.
  13. News: Venta. Lance. Bustos Reacquires WDDW Milwaukee. October 22, 2015. RadioInsight. April 22, 2015.
  14. Web site: Lazer Expands Into Sacramento & Modesto - RadioInsight. October 20, 2014. RadioInsight.com. January 16, 2018.

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