Yesterday (11/9), TALKERS reported that Newsmax has filed with the FCC to acquire two Miami radio stations – WAQI-AM and WQBA-AM – from Latino Media Network for $1.8 million. Today, Newsmax says it intends to keep the Spanish-language programming on the stations. Newsmax CEO Chris Ruddy says,
“‘Radio Mambí’ [WAQI-AM] is an institution. For decades, it has been the voice of a community that understands the value of freedom because it has fought to preserve it. We are honored to continue that tradition and ensure ‘Radio Mambí’ remains a trusted source of news, information, and conversation for generations to come.” Newsmax Radio and Audio CEO Ralph Renzi adds, “We are excited to serve the communities of South Florida through these legendary radio stations and to expand the Newsmax brand in this important and dynamic market. WAQI and WQBA have deep roots in South Florida, and we look forward to building on their legacy while creating new opportunities to inform, engage, and connect with their audiences.” Newsmax says expects to begin its operations and programming for the stations in the coming months. The transaction is subject to customary FCC and other regulatory approvals and conditions.
