Last $5.73 USD
Change Today +0.32 / 5.91%
Volume 10.4K
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As of 4:30 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

spanish broadcasting sys-a (SBSA) Key Developments

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.

Spanish Broadcasting System Inc. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Spanish Broadcasting System Inc. reported consolidated unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net revenue was $32,779,000 against $39,103,000 a year ago. Operating income was $6,488,000 against $7,315,000 a year ago. Loss before income taxes was $5,873,000 against $2,616,000 a year ago. Net loss applicable to common stockholders was $6,087,000 against $5,235,000 a year ago. Diluted loss per share was $0.84 against $0.72 a year ago. OIBDA, a non-GAAP measure, totaled $7.8 million compared to $9.7 million for the same prior year period, representing a decrease of $1.9 million or 19%. Capital expenditures were $611,000 against $217,000 a year ago.

Spanish Broadcasting System Inc. to Report Q1, 2014 Results on May 15, 2014

Spanish Broadcasting System Inc. announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on May 15, 2014

Spanish Broadcasting System Inc., Q1 2014 Earnings Call, May 16, 2014

Spanish Broadcasting System Inc., Q1 2014 Earnings Call, May 16, 2014

Spanish Broadcasting System Inc., Annual General Meeting, Jun 06, 2014

Spanish Broadcasting System Inc., Annual General Meeting, Jun 06, 2014., at 14:00 US Eastern Standard Time. Location: Pablo Raúl Alarcón Media Center. Agenda: To consider election of six members of the Board of Directors by the holders of Class A and Class B common stock; and to transact any such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof.


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