Activists and entrepreneurs Jess Morales Rocketto and Stephanie Valencia announced on Friday the formation of a new Hispanic media company known as the Latino Media Network, following the purchase of 10 radio stations from TelevisaUnivision.
Morales Rocketto, who previously worked at Hillary for America and the AFL-CIO among other groups, and Valencia, a former White House staffer under President Barack Obama, received $80 million in backing from a group of investors led by Lakestar Finance, which is affiliated with Soros Fund Management, founded by leftist billionaire financier George Soros.
The Latino Media Network will include 18 Hispanic radio stations in 10 different markets, which were purchased from TelevisaUnivision in a deal worth about $60 million. These areas include “some of the most dense markets in the country,” with “access to one-third of the Hispanic population” of the United States according to Morales Rocketto, including Los Angeles, New York, Miami, and Houston.
Valencia said, “So often our stories have been erased or invisible. In some ways, you wouldn’t know that Latinos will be the principal part of the U.S. population in our lifetime. Us being able to bring a sense of belonging, influence and power to this community is incredibly important.”
Translation: we’re going to start pumping leftist propaganda into a community of growing political significance that leans unacceptably conservative.