Americano Media, the Miami-based media company founded by Trump supporter Ivan Garcia-Hidalgo that hoped to become the Spanish-language version of Fox News needs to find a new investor soon or it will have to shut down, reports the Miami Herald. Broadcast on a handful of television stations in Florida and California, with a simulcast on SiriusXM Radio, Americano Media staff reportedly have not been paid since May.
“Americano Media is establishing a new multi-media platform during an historic recession, where attracting investment has turned out to be more challenging than we expected,” Garcia-Hidalgo said in a brief statement sent to the Herald. “As a result, our company grew faster than our fundraising. Like any startup, we are making adjustments to move forward. We are committed to paying our obligations, especially back salaries of our team, and to moving forward resolutely into the future.”