Newsmax Addresses Plans for Miami Radio Stations
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.
Miami and WQBA-AM, Miami (both 50,000 watts Class B signals) from Latino Media Network for $1.8 million. The stations were acquired by Latino Media Network as part of a 2022 $60 million deal with TelevisaUnivision. These will be Newsmax’s first radio properties. There has been no official statement from Newsmax about its plans for the stations.
of the conservative Radio Mambí network of Spanish-language news/talk stations from TelevisaUnivision aggravated some conservatives who petitioned the FCC to deny the license transfers. The petition was rejected. The Radio Mambí format goes back to Amancio Víctor Suárez’s launch of programming created by anti-communist Cuban exiles in the mid-1980s. The group of 18 radio stations will gradually be turned over to Latino Media Network throughout this year. Company co-founder Jess Morales Rocketto is quoted saying, “We’re not the first business owners with our own political leanings,” while adding that they are focused on commercial success and not “imposing a political agenda.”