Message from Carlos Vasallo, President and CEO of America CV Network
Miami, May 9, 2025 NECESSARY CLARIFICATION By Carlos Vasallo, President and CEO of América CV Network
The statement published yesterday by the blog Café Fuerte regarding the legal situation of América CV Network—claiming that a court granted control of América TeVé and its studios to another shareholder—is false. In fact, on May 8, a court in Delaware denied the request made by the other shareholders (from Grupo Pegaso) to hand over control of the production company América CV Network, one of the companies in the group. Carlos Vasallo is and will continue to be the president and CEO of the two group companies until the ongoing legal dispute is resolved.
A third company, owned by Carlos Vasallo, owns the building as well as the antenna located on the premises in Hialeah Gardens, which is used to broadcast the América TeVé signal.
On May 8, live productions were temporarily suspended. The rest of the programming, including soap operas and musical shows, continue to air on its regular schedule, with the hope that a resolution to the shareholder conflict will allow the return of live programming.
This saga began 15 years ago when Carlos Vasallo sued his then-partners for mismanagement. To resolve that lawsuit, they agreed to hand him control of the company—something Mr. Vasallo accepted on the condition that he would be the managing partner, president, and CEO.
When additional capital investment became necessary during the COVID-19 pandemic in 2020, the opposing side (Pegaso) attempted to use that need to impose a radical change in programming—one that was not oriented toward the Cuban exile and Cuban-American community, without having executive control of América CV Network. They sought to appoint Mr. Emilio Braun as president and CEO, even though he has never managed a television channel, solely because he is the nephew of Mr. Alejandro Burillo Azcárraga.
Carlos Vasallo rejected this blackmail and remained committed to the company and its audience: the Hispanic community of South Florida, particularly the Cuban-American community. Mr. Vasallo provided the capital, and a Bankruptcy Court awarded him 100% of the company’s shares. For five years, Vasallo has held 100% ownership, and two appellate courts upheld this. However, a bankruptcy appellate judge has now changed the established precedent and decided to revert to the pre-2020 ownership arrangement.
“I accepted this, but they didn’t. What they want is to remove me and dismantle América TeVé and its essence. But they forget that when I sued them years ago, they begged me to take control. And here I am—and will remain—defending the company and the exile community.”
There is a problem: the group's bylaws require mutual agreement between both parties for certain decisions or for injecting any capital, which is currently impossible under the present circumstances. Therefore, since the company occasionally requires subsidies—which I have personally provided in recent years—no one can now inject funds until an agreement is reached. This is the harsh reality of a judge’s decision that, instead of ruling in favor of one side or the other, has chosen to bind us together.
We will continue striving to reach an agreement that will save this company. In the meantime, we will always stand firm with América Radio, which is independent and 100% my property, and from which we will always defend the Cuban exile cause.
To close for now, I want to clarify one more point. During these five years of legal dispute with my so-called “partners,” other interests—some political and opposed to the Cuban exile cause—have been operating behind the scenes.
