My theory is they haven't totally figured that part out yet. They have money and ideology, and they have to shape that into a radio format. It can be done, but some of the investors may have to temper their politics to get it done. For the short term Univision have them a pretty good template to work with. If they stay within the lines, they can do OK.
In nearly every case, the signals are highly deficient for general market coverage. Some, like Chicago and Houston, barely cover the HDHA areas and are dreadful for total market. KTNQ and WADO cover the highly Hispanic areas decently, but not much else. The Miami stations are pretty much Dade County only, and Dade is around 70% Hispanic now. The San Antonio signal has been vastly outgrown by the market (and only a small percentage of Hispanics in San Antonio are Spanish dominant today) . The Vegas signal is not adequate.
That leaves KGBT as the only decent AM signal of the batch that could be done in either English or Spanish.
Let's say they close in October. They have committed to carry Univision programming managed by Univision for the first year. So we are nearly 18 months from knowing what the long-range plan is.
And they have to eventually deal with the fact that there is no commonality between the markets.
LRGV, Fresno and San Antonio are highly Hispanic, but relatively few Hispanics speak Spanish.
Miami and New York are totally different. One is Cuban with Colombians and Venezuelans, the other is Dominicans. Very, very different.
Vegas and Houston and Dallas and Chicago and LA are mostly first generation Mexicans. Different from the highly assimilated markets and a world away from Miami or New York. You and I have more in common with Estonians than Dominicans have with Mexicans.
What I do not see among the list of management and advisors is anyone at all with successful radio programming and management experience.