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Vme TV (Spanish pronunciation: [ˈbeme], watch me) is the first and only Spanish broadcast public television created for the United States Hispanic market. Vme TV delivers drama, music, news, current affairs, food, lifestyle, nature and educational pre-school content to its viewers. The 24-hour digital broadcast service was launched on March 5, 2007,1 and is currently available in more than 10 million U.S. Hispanic homes, reaching over 78 percent of the market.2
The first venture of the media production and distribution company Vme Television Media Inc., it is a public-private partnership between WNET, a non-commercial educational public television station licensed to Newark, New Jersey, and the investment firm Baeza Group, the venture capital firm Syncom Funds, and Grupo PRISA from Spain, one of the world's largest Spanish and Portuguese-language media companies.34 WNET is a minority partner in the for-profit venture.1
Broadcast in 43 U.S. markets, Vme TV is available free over the air, and on basic cable, through its association with PBS member stations, making it the fourth largest Spanish network in the U.S. with 78% of broadcasting across the nation 5 Vme TV is also carried nationally via satellite in the basic packages of Dish Network and DirecTV. In some areas, Vme TV is available on Verizon FiOS, and AT&T U-verse. Vme TV is also available on Cox Cable with its TV Starter Digital Pack.
In April 2013, a group of Venezuelan, Florida-based private investors took control of the struggling Vme Media,Inc., the U.S. Hispanic content and distribution company that owns Spanish-language network Vme and Vme Kids. Financial terms of the deal and the percentage of the ownership of the new investors was not disclosed. Former AOL executive and founder and CEO of DailyMe.com Eduardo Hauser, is part of the investment group. He was named Chairman of the board. Three other members of the Cedel investment group – former banker Eligio Cedeño, attorney Victor Cerda and political strategist Juan José Rendón – also sit on the Vme TV board. They join Prisa CEO Manuel Polanco, Syncom managing partner Terry Jones and WNET’s VP and General Counsel Robert Feinberg. Vme TV founder, Mario Baeza, stepped down as Chairman, but will continue to have an ownership interest. Prisa keeps its stake as the largest shareholder.