Phoenix

Arizona’s Spanish-news radio has a new proprietor, a Mexican immigrant

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“The odds of you buying the radio are almost impossible,” a small business adviser mentioned to Laura A. Madrid when she expressed curiosity in shopping for La Onda 1190 AM / 107.5 FM, the Spanish-language information radio station in Phoenix the place she had been working for greater than 15 years.

Financial advisers at banks instructed her that the danger of buying the station was too excessive and denied her the mortgage. They steered that she change route — buy one thing else, like a meals truck, for instance.

But these strategies didn’t dissuade her. Using her personal resources, the help of her household and sheer will, she achieved a dream of hers by the tip of November: closing the deal that made her the primary Latina immigrant to personal a radio station in Arizona.

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