Vic Latino Splits From JVC Broadcasting; Acquires West Palm Beach Station
Vic ‘Latino’ Canales is exiting JVC Broadcasting and taking Oldies “True Oldies 95.9/106.9” 960 WSVU North Palm Beach FL with him.
Canales will exchange his 151,110.94 Class A and 212,500 Class B membership units of
JVC valued at $301,110.95 for WSVU and translators 95.9 W240CI North Palm Beach and 106.9 W295BJ Jupiter. His stock will be split evenly between the other JVC investors including CEO John Caracciolo, Paul R. Homer & Jana E. Homer, Janet LePorin & Dennis LePorin, Patrick Caracciolo, and James G. Schiff.
Canales previously worked on-air at “Party 105” WPTY Long Island, “Party 95.3” WPYO Orlando, 103.5 WKTU New York, and XM Satellite Radio prior to returning to Long Island in 2007 to launch “98.5 La Fiesta” WBON for what would become JVC in 2007.
JVC Broadcasting was formed in 2008 with the purchase of WBON and WPTY. The company later expanded in that market and into Gainesville, Orlando, and West Palm Beach FL as well as briefly operating five stations in Atlantic City NJ. Following the divestment of WSVU, JVC will retain four stations on Long Island, three in Gainesville FL, one in Orlando, and one in Belle Glade FL.