The Region - News from Aug. 13, 1986
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A Hispanic-American company asked a federal judge in Washington to reconsider the court-approved $301.5-million sale to Hallmark Cards Inc. of Spanish International Communications Corp., operators of Spanish-language television stations serving Los Angeles, Miami, San Antonio, Fresno and New York City. TVL Corp., formed by Hispanic-American businessmen, contended that Hallmark received “preferential treatment” and that there were “gross irregularities” in the bidding process. TVL said it was offering $320 million for the stations at the time the Hallmark bid was accepted.
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