Univision radio deal could turn up off-the-air static. (Media).

WORD that Los Angeles-based Univision Communications Inc. plans to acquire Hispanic Broadcasting Corp. generated the expected buzz, and concern, at HBC's local radio stations last week.

Univision, owner of the Univision and Tele-Futura television networks, agreed to buy the Dallas-based radio station chain in a $3.5-billion stock transaction. The deal gives the Spanish-language TV company 55 radio stations, including five in L.A.

"What happens when companies merge?" said an HBC source, referring to the consolidation and layoffs that often accompany a merger. "(Employees) are apprehensive."

The local HBC stations are KLVEFM (107.5), KRCD-FM (98.3), KRCV-FM (103.9), KSCA-FM (101.9) and KTNQ-AM (1020).

The deal's approval lies in the hands of Univision and HBC stockholders. Clear Channel Communications Inc., owner of eight L.A. radio stations, is one of HBC's major stockholders.

"No changes are expected in Hispanic Broadcasting's management or operations," according to a Univision statement. But the merger could lead to the consolidation of some services, such as promotions and marketing, said an HBC source.

Late last week, rival radio company Spanish Broadcasting System Inc. filed an antitrust lawsuit in U.S. District Court in Miami against Hispanic Broadcasting, claiming it tried to damage its relations with banks and investors. Clear Channel is also named as a defendant in the suit.

Staff reporter Claudia Peschiutta can be reached at [phone] ext. 229, or at [e-mail].