Last $3.71 USD
Change Today -0.13 / -3.39%
Volume 1.6K
SBSA On Other Exchanges
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NASDAQ GM
Stuttgart
As of 8:10 PM 10/30/14 All times are local (Market data is delayed by at least 15 minutes).

spanish broadcasting sys-a (SBSA) Key Developments

Spanish Broadcasting System Appoints Eric Garcia as Revenue Chief of Radio Division

Spanish Broadcasting System Inc. announced the appointment of Eric Garcia as Revenue Chief of radio division for company. Mr. Garcia will be responsible for the management and oversight of Local and National Radio Division and Event Sponsorships areas as well as the overall impact of Station Operating Income. Eric Garcia will be responsible for growing and overseeing the revenue in all of the radio divisions. Eric Garcia has been with Spanish Broadcasting System (SBS) since 2004. Prior to this appointment, he was VP of Sales for WSKQ-Mega 97.9FM and WPAT-Amor 93.1FM in New York.

Spanish Broadcasting System, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Spanish Broadcasting System Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter-ended June 30, 2014, consolidated net revenues totaled $40.9 million compared to $36.1 million for the same prior year period, resulting in an increase of $4.8 million or 13%. Consolidated OIBDA, a non-GAAP measure, totaled $9.9 million compared to $12.7 million for the same prior year period, representing a decrease of $2.8 million or 22%. Operating income totaled $9.9 million compared to $11.4 million for the same prior year period, representing a decrease of 13%. This decrease in operating income was primarily due to the increase in operating expenses. Loss before income taxes was $2.447 million against income before income taxes of $1.436 million a year ago. Net loss applicable to common stockholders was $3.233 million or $0.44 per basic and diluted share against $1.232 million or $0.17 per basic and diluted share a year ago. For the six-months ended June 30, 2014, consolidated net revenues totaled $73.7 million compared to $75.2 million for the same prior year period, resulting in a decrease of $1.5 million or 2%. Consolidated OIBDA, a non-GAAP measure, totaled $17.7 million compared to $22.4 million for the same prior year period, representing a decrease of $4.7 million or 21%. Operating income totaled $16.4 million compared to $18.7 million for the same prior year period, representing a decrease of $2.3 million or 12%. This decrease in operating income was primarily due to the increase in operating expenses and decrease in net revenues. Loss before income taxes was $8.320 million against $1.180 million a year ago. Net loss applicable to common stockholders was $9.320 million or $1.28 per basic and diluted share against $6.467 million or $0.89 per basic and diluted share a year ago. Capital expenditures were $1,197,000 against $992,000 a year ago.

Spanish Broadcasting System Inc. to Report Q2, 2014 Results on Aug 14, 2014

Spanish Broadcasting System Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 14, 2014

Spanish Broadcasting System Inc., Q2 2014 Earnings Call, Aug 15, 2014

Spanish Broadcasting System Inc., Q2 2014 Earnings Call, Aug 15, 2014

Spanish Broadcasting System Launches Mega 96.3FM in Los Angeles, California

Spanish Broadcasting System Inc. announced the launch of Mega 96.3FM (KXOL-FM- 96.3FM). Mega 96.3FM provides its listeners with a unique blend of up tempo, energetic and entertaining programming, appealing to a diverse Latino audience. Formerly, Latino 96.3FM, the new Mega 96.3FM began broadcasting supported by imaging from the international superstars, Shakira, Romeo Santos and Enrique Iglesias. Directly targeting the Los Angeles millennial generation, Mega 96.3FM's captivating mix of Spanish-Rhythmic-Pop positions the station as the most innovative and cutting edge format in the marketplace. The music mix will provide an upbeat blend of pop hits, pop ballads and Bachata, and will also feature a tropical feel, giving today's listeners the variety they appreciate. Mega 96.3FM is the country's first Latino general market radio station that appeals to all Hispanics. Mega 96.3FM becomes the third SBS Radio station to broadcast a market-specific version of the Mega brand that has a proven track record of being #1 in New York and Puerto Rico and is recognized as one of the most successful brands in radio broadcasting history. The new Mega 96.3FM station will benefit from a stronger signal, a stronger brand and a stronger format. Mega 96.3FM will leverage SBS' multi-platform assets -- as well as its vast infrastructure and relationships -- to create special events, one-of-a-kind national and local promotions, innovative technologies and products by artists such as Shakira, Romeo Santos, Alejandro Fernandez, Enrique Iglesias, Ricky Martin, Prince Royce, Ricardo Arjona, Wisin & Yandel and many more.

 

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