contributors. However, it exceeded its budget by 100 percent, and when SIBC parent Spanish International Communications Corporation (SICC) could not obtain funding in a tight financial market, the program was pulled on October 26, having lost $300,000. Villanueva felt that, if funding had been available, such a service would have been a "tremendous success" in the long run. Other reasons cited for its failure were its association with channel 34, a Spanish-language television station, and airing on the lesser-viewed UHF band. Univision and competition SICC had an increasingly convoluted ownership structure and several related businesses. In 1974, the company took a bank loan that required it to not expand until the loan was repaid. As a result, to fuel continued expansion, SICC principals created two additional companies to start new stations: Bahía de San Francisco Television Company (which built KDTV in San Francisco) and Legend of Cibola Television Company (which reorganized as Seven Hills Television and started KTVW in Phoenix). In 1975, Anselmo arranged a new bank loan which came with a realignment of control that favored Anselmo and Azcárraga's interest. As a result, the Fouce interests sued SICC, Anselmo and other defendants in 1976, charging "self-dealing, mismanagement, waste, and breach of fiduciary duty". This long-running suit joined with a separate legal problem—a push by a confederation of Spanish-language radio station owners alleging Azcárraga exercised control over SICC, resulting in impermissible foreign ownership of its stations. In 1985, FCC staff recommended that the licenses of the SICC stations not be renewed, a decision adopted by a commission administrative law judge as settlement talks began in the long-running Fouce suit. In May 1986, in a breakthrough in the Fouce case, the parties agreed to sell KMEX and the four-other stations directly owned by SICC. The FCC agreed to renew the stations' licenses in 1987 as part of the sale of SIN—then being renamed Univision—to Hallmark Cards and First Chicago Ventures. At the same time as SICC's ownership drama played out, the Los Angeles Spanish-language television market transformed. For more than two decades, KMEX-TV was the only full-time Spanish-language TV station, though other stations aired some programming or had a partial-day Spanish format, such as KSCI and KBSC-TV. This changed in late 1985, when KBSC-TV was sold to Reliance Capital and relaunched as KVEA, a key moment in the formation of Telemundo in early 1987. The management of the new full-time competitor