InterMedia Partners to Purchase WAPA-TV in Puerto Rico for $130 Million

“InterMedia Partners, L.P., a New York-based private equity firm, announced today that it has agreed to purchase WAPA-TV, a full-power independent television station located in San Juan, Puerto Rico, for $130 million in cash from LIN TV Corp.

WAPA-TV is one of the three national broadcasters in Puerto Rico. As part of the purchase, InterMedia will also be acquiring WJPX-TV, which is programmed as MTV Puerto Rico, and WAPA America, a U.S. cable and satellite channel targeting Hispanics.

Alan Sokol, former Chief Operating Officer of Telemundo and a Senior Investment Partner at InterMedia, said, “Puerto Rico is a unique broadcast television market with great tradition and tremendous potential. As the leader in news and original programming, WAPA represents a wonderful media growth opportunity, both within Puerto Rico and as a platform to reach Hispanics in the continental United States.”
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