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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.

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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.

During the 1970s and 1980s, WKAQ-TV, then branded as "Telemundo Canal 2" ("Telemundo Channel 2"), had become a major producer of telenovelas.

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