Miami-based America TeVe merges with CV Network

AP News
Posted: Nov 24, 2009 5:52 PM

America TeVe, a Spanish-language channel in Miami, has merged with CV Network and is now in charge of operations, distribution and selling advertising for the latter's stations.

Under the deal, America TeVe will be taking over CV Network's three stations, which are WFUN in Miami, WPXO in New York and WJPX in Puerto Rico. The merger allows America TeVe to expand to Puerto Rico and New York.

Omar Romay, President and CEO of America TeVe, said: "The integration of the two companies represents an opportunity for the creation of new content, the development of new markets and access to a platform of expanded distribution."

The deal was signed on Nov. 19, but was officially announced Tuesday.