Spanish Broadcasting System Friday announced that it had reached an agreement with Grupo Radio Centro to settle the parties' long-standing lawsuit.
SBS filed suit in February 2016 after Martin ‘El Ratón’ Romero Hernandez jumped from mornings at their “La Raza 97.9” KLAX to middays at KLAX despite being under contract until 2020. In the lawsuit, SBS alleged tortious interference and unfair competition.
The settlement, the terms of which cannot be disclosed as they are protected by a confidentiality provision, was reached in advance of the upcoming trial. The settlement resolves all pending legal proceedings between the parties.
"We are extremely pleased to have amicably resolved the matter," stated SBS General Counsel Richard Lara. "As has always been its practice, SBS will not hesitate to take legal action when necessary to defend its contractual rights and business interests," he added.
SBS owns and operates Hispanic-formatted KLAX-FM and KXOL-FM in the Los Angeles market, two of the highest-rated radio stations in Southern California.
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