Orlando, Florida – JVC Media has entered into a definitive agreement with TTB Media Corp. to purchase Bilingual Spanish CHR radio station WHKQ/FM Orlando. JVC Media is an independently owned company headed by partners John Caracciolo and Victor J Canales. The company operates four FM stations in the 20th ranked Nassau-Suffolk NY radio market- which includes Spanish-formatted WBON “La Fiesta”. They also own and operate four radio stations serving the Gainesville-Ocala Florida market and have entered into agreements to acquire three radio stations and two translators serving the West Palm Beach Florida market.
JVC Media has been on a rapid growth mode, recently expanding in Long Island and Florida with its entertainment and broadcast divisions, adding jobs and staff and working hard to make radio local and community friendly once again.
JVC Media CEO, John Caracciolo said, “We are honored and privileged to welcome WHKQ/FM and its staff to the JVC family. The prior owner was committed to community service, high quality broadcasting and creating an excellent work environment for its staff, and we will be continuing their work. We are tremendously impressed with the Orlando market and the remarkable growth that WHKQ/FM has shown in three short years. As owner & Operator of successful Spanish-language station on Long Island, we understand the Hispanic growth of Orlando and Central Florida and are fully committed to the Spanish format in Orlando”.
About JVC Broadcasting
JVC Broadcasting was formed in July 2009. The company consists of four radio stations in New York serving the Nassau /Suffolk Market, four radio stations in North Central Florida serving the Gainesville/ Ocala market, and five radio stations serving the West Palm Beach market. JVC’s event division Long Island Events the operator of The Pennysaver Amphitheater a 7000 person outdoor concert event facility on Long Island. These businesses power JVC, the leading provider of entertainment marketing solutions for local consumers enabling thousands of advertisers to tap into the 5 million consumers JVC delivers through its live event, electronic media and digital platforms . We broadcast, and present with the mindset that if we under promise and over deliver, have integrity in all of our relationships and create an atmosphere of high energy fun and excitement , our results will be exceptional for our clients, listeners and our families. For additional information, visit www.jvcbroadcasting.com
About Northwood Ventures
Northwood Ventures, JVC Media’s majority equity investor has been a leading investor in venture capital and buyout opportunities. Northwood prides itself on being a fundamental investor seeking to maximize long-term cash on cash returns and partners with experienced, successful management teams to generate superior returns. Northwood structures its investments uniquely to meet the individual requirements of each portfolio company. Northwood has participated in the creation and growth of many leading companies in the communications, retail/consumer, financial services and manufacturing sectors. Northwood invests at all stages of company growth, and have a long history of successful investing with independent sponsors. Northwood’s long-term investment horizon and entrepreneurial orientation, coupled with our experienced and collaboratively-minded professionals have made us an attractive partner for leading management teams for decades.