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Among them were Angeles ("Angels"), a remake of Charlie's Angels; Un Angel en la Casa ("An Angel in the House"), a sitcom loosely based on Who's the Boss?
; Solo en America ("Living in America"), a remake of One Day at a Time.
On November 25, 1997, Liberty Media and Sony Pictures Entertainment purchased a majority interest in Telemundo from Reliance Capital Group for 9 million, beating out a bid made days earlier by an investment group led by Telemundo Group chairman Leon Black, who had already owned 40.3% of the network through Apollo Global Management and remained a minority partner in Telemundo Group through the purchase; under the deal, Liberty acquired a 40% interest and Sony (which made its entry into domestic broadcasting ownership with the deal) acquired a 35% stake in Telemundo, with the remaining interest held by investment firms Apollo Global Management and Bastion Capital Fund.
On November 25, 1997, several investors who held shares in Telemundo Group filed an injunction to block the sale in a Delaware Chancery Court, in order to investigate whether executives were shortchanging shareholders in accepting the offer; that request, as well as a separate injunction request by Univision Communications, were later rejected.
In 1984, the owners of WNJU (channel 47) in Linden, New Jersey (serving the New York City area) and KSTS (channel 48) in San Jose, California formed Net Span, the second Spanish-language television network in the continental United States (behind the longer-established Spanish International Network, the forerunner to Univision).
Telemundo's effort faced an initial setback when Mexico's leading broadcaster, Televisa, purchased production company Capitalvision, which had been producing the telenovelas in conjunction with the network.
Parent company Telemundo Group experienced major financial challenges during this time, filing for Chapter 11 bankruptcy protection in 1994, due to a debt load of more than 0 million that the company owed to its creditors.
) is an American Spanish-language terrestrial television network owned by Comcast through the NBCUniversal division NBCUniversal Telemundo Enterprises.
It is the second largest provider of Spanish content nationwide behind American competitor Univision, with programming syndicated worldwide to more than 100 countries in over 35 languages.