Feb 07 2005
New TV Station Signals a Shift in the Market
Miami-based Bela Broadcasting, a Spanish language television programmer and independent station operator, purchased former NBC affiliate KMOH-TV last month from Gannett Communications for $5.25 million to tap the growing Hispanic market in Las Vegas as well as Phoenix.
With Hispanics comprising 26 percent of the valley’s 1.7 million people and spending about $33 million weekly on goods and services, the latest entrant to local Hispanic media further demonstrates the demographic shift in the local market. It’s a shift that has forced advertisers and their agencies to accommodate the swelling niche by servicing it.
While KMOH and Bela are hoping to cash in on advertisers’ needs by betting that the local Hispanic population is large enough to support a station that specializes in family and children’s programming, the new owners have numerous steps to take before capitalizing on their investment.
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