<P> In 1987, Reliance Capital Group executives Saul Steinberg and Henry Silverman merged all these stations into the Telemundo Group . The new corporation quickly went public, and in 1987, Reliance decided to rebrand NetSpan as Telemundo . Later that year, it purchased additional stations in San Francisco, Houston (KTMD, channel 47) and San Antonio (KVDA, channel 60). </P> <P> Between 1988 and 1993, Telemundo acquired or affiliated with television stations in Texas (KFWD channel 52, in Dallas--Fort Worth, now a SonLife affiliate), New Mexico (KTEL - CD channel 47, in Albuquerque), Arizona (KHRR channel 40, in Tucson) and Washington, D.C. (W64BW, channel 64; now WZDC - CD on channel 25). </P> <P> In May 1992, Telemundo underwent another management change, appointing former Univision president Joaquin Blaya--who resigned from that network after discovering in an FCC filing for A. Jerrold Perenchio's purchase of the network from Hallmark Cards that Univision would increase its reliance on programming from Televisa and Venevision to levels that resulted in him concluding that there would be fewer opportunities for the addition of local programs on Univision's stations, and was subsequently joined by four other Univision executives--to head the network . </P> <P> The following year in 1993, Telemundo underwent an extensive rebranding, introducing the signature framed "T" letter logo (which has been used by the network since that point in various design elements), and a promotional campaign using the slogan "Arriba, Telemundo, Arriba" ("Upwards, Telemundo, Upwards"). The network also began to produce its own original telenovelas, the first of which to premiere were Angélica, mi vida ("Angelica, My Life"), Marielena, Guadalupe, Señora Tentación ("Lady Temptation") and Tres Destinos ("Three Destinations"). International distributors soon approached the network for the syndication rights to air these programs on television networks in other countries . Telemundo's effort faced an initial setback when Mexico's leading broadcaster, Televisa, purchased production company Capitalvision, which had been producing the telenovelas in conjunction with the network . Parent company Telemundo Group experienced major financial challenges during this time, filing for Chapter 11 bankruptcy protection in 1994, due to a debt load of more than $300 million that the company owed to its creditors . </P>

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