NBC's purchase of Telemundo for $2.7 billion was one of 2002's biggest stories in the media industry. It highlighted the expansion of the U.S. Latino community and growing influence of Spanish-language media.
When NBC bought Telemundo, it promised to make the Spanish-language network more competitive with Univision, the nation's dominant Spanish-language network. But as NBC tried to increase Telemundo's viewership, Univision announced plans to merge with Hispanic Broadcasting Corp., the nation's largest owner of Spanish-language radio stations.

Consolidation:
Week of January 13, 2003

In comments filed with the Federal Communication Commission Jan. 2, the broadcast industry called on the agency to ease the nation's broadcast ownership rules, while public interest groups asked the commission to maintain and strengthen them. The FCC is undertaking the most extensive rewriting of the nation's broadcast ownership rules in its history.

New Spanish Daily:
Week of January 20, 2003

The Dallas Morning announced that it will launch a new daily Spanish-language newspaper this year as a result of the growth of the Dallas-Fort Worth Hispanic population.