“Spain’s Prisa Buys 12% Of V-Me Media In US, To Get Control In Year”

Spanish media group Promotora de Informaciones SA (PRS.MC) said late Tuesday it has bought a 12% stake in one the U.S.’ biggest Hispanic television network V-me Media Inc.

Media production and distribution company V-me Media is the owner of Spanish-language network V-me, which ranks behind only Univision Communications’ (UVN) and Telemundo’s broadcast channels in national household distribution, the company said.