In July 1999, Uno Radio of Ponce Inc., Caguas, P.R. (Jesus M. Soto, chairman) reached an agreement to purchase five radio stations in Puerto Rico from Ponce Broadcasting Corp. (Jenaro G. Scarano Sr., Julio C. Braum, Luis F. Sala, Catalina Scarano and Sala Business Corp., shareholders) for a reported sale price of $10.75 million.[5]
In June 2003, Media Power Group Inc. (Eduardo Rivero Albino, chairman, Gilberto Rivera Gutierrez, Jose E. Fernandez and Joe Pagan, shareholders) reached an agreement to purchase four AM radio stations in Puerto Rico, including WKFE, from Uno Radio Group. (Jesus M. Soto, owner) for a reported $6.8 million.[6]
^Jacobs, George (2007). National Radio: Puerto Rico (US Associated). Billboard Books. pp. 305–306. ISBN978-0-8230-5997-3. {{cite book}}: |work= ignored (help)