Hispanic groups are latest to oppose NBC acquisition of Telemundo...
Hispanic groups are latest to oppose NBC acquisition of Telemundo (CD Dec 5 p7), saying media consolidation hurts diversity, program content, minority ownership. “By its very nature, media consolidation means that companies are seeking the greatest market share at…
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the lowest cost,” said Juan Figueroa, pres. of P.R. Legal Defense & Education Fund: “This has had devastating effects on Latinos [including] layoffs, hiring freezes and cuts in critically important but less lucrative program areas such as news and public affairs.” Other groups signing FCC filing included National Council of La Raza (NCLR), National Hispanic Media Coalition, League of United Latin American Citizens, National P.R. Coalition, Mexican American Grocers Assn., Nosotros, National Assn. of Hispanic Publications. Filing also said minority ownership of media was half of level 5 years ago, with Hispanics owning less than 1% of U.S. TV stations. “The NBC- Telemundo merger means the programming aimed at Latino audiences is in the hands of non-Latinos, and we cannot dismiss the importance of Latino ownership,” NCLR Pres. Raul Yzaguirre said.