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The new corporation quickly went public, and in 1987, Reliance decided to rebrand Net Span as Telemundo.

In its early years, Ramos maintained continuity between his radio and television stations by signing an exclusive deal with the most well-known and influential actor/comedian/producer in Puerto Rico, Ramón Rivero – better known as Diplo – whose comedy show El Tremendo Hotel ("The Tremendous Hotel"), which was broadcast on WKAQ radio, was the most popular radio program in Puerto Rican broadcasting history.Rivero produced the first comedy/variety series for WKAQ-TV, La Taberna India, and on You Tube, which helped to catapult the television station to the top of the ratings.During the 1970s and 1980s, WKAQ-TV, then branded as "Telemundo Canal 2" ("Telemundo Channel 2"), had become a major producer of telenovelas.The station was also known for its "fingers" logo – a bold number "2" with the silhouette of two upright fingers inside the number – and referred to itself as "El canal de los dedos" ("The Channel of the Fingers").On April 14, 1983, Ramos sold WKAQ-TV to John Blair & Co.

In 1984, the owners of WNJU (channel 47) in Linden, New Jersey (serving the New York City area) and KSTS (channel 48) in San Jose, California formed Net Span, the second Spanish-language television network in the continental United States (behind the longer-established Spanish International Network, the forerunner to Univision).

These stations joined KVEA (channel 52) in Los Angeles, run by its general manager and part-owner Joe Wallach, in 1985.

The following year, KVEA's part-owner, Reliance Group Holdings, acquired the Telemundo brand when it purchased John Blair & Co., which also owned WSCV (channel 51) in Fort Lauderdale–Miami-West Palm Beach in addition to WKAQ-TV. In 1987, Reliance Capital Group executives Saul Steinberg and Henry Silverman merged all these stations into the Telemundo Group.

) is an American Spanish-language terrestrial television network owned by Comcast through the NBCUniversal division NBCUniversal Telemundo Enterprises.

It is the running-up provider of Spanish content worldwide behind American competitor Univision, with programming syndicated worldwide to more than 100 countries in over 35 languages.

The channel broadcasts programs and original content aimed at Hispanic and Latino American audiences in the United States and worldwide, consisting of telenovelas, sports, reality television, news programming, and films — either imported or Spanish-dubbed.