August 28, 2014 7:19 PM ET

Media

Company Overview of LBI Media Inc.

Company Overview

LBI Media, Inc. engages in the ownership and operation of Spanish-language radio and television stations in California and Texas. As of December 31, 2006, it owned 21 radio stations, including 14 FM and 7 AM radio stations, as well as 4 television stations in Los Angeles, Houston, Dallas-Fort Worth, and San Diego. The company also owns television production facilities that are used to produce programming for company-owned television stations. Portions of this facility are also rented to independent third parties. LBI Media sells commercial airtime on its radio and television stations to local and national advertisers. The company was founded in 1987. It was formerly known as LBI Holdings II ...

1845 West Empire Avenue

Burbank, CA 91504

United States

Founded in 1987

Phone:

818-563-5722

Key Executives for LBI Media Inc.

Co-Founder
Age: 52
Co-Founder and Chairman of the Board
Age: 88
Chief Financial Officer
Age: 35
Corporate Vice President and Director
Age: 48
Vice President of Programming
Age: 49
Compensation as of Fiscal Year 2014.

LBI Media Inc. Key Developments

LBI Media Inc., 2013 Earnings Call, May 05, 2014

LBI Media Inc., 2013 Earnings Call, May 05, 2014

LBI Media Holdings, Inc. and LBI Media, Inc. Announce Completion of Exchange Offer

On August 28, 2013, LBI Media Holdings Inc. and LBI Media Inc. commenced an exchange offer for any and all of LBI Media Holdings outstanding 11% Senior Discount Notes due 2013. The issuers announced that they have completed the exchange offer. The issuers reported that holders holding approximately $10.3 million in principal amount of the old notes submitted their old notes in the exchange offer. Approximately $0.7 million in principal amount of old notes were not submitted for exchange in the exchange offer and accordingly remain outstanding. The company expects to pay the consideration for old notes accepted in the exchange offer on October 4, 2013. Holders whose The issuers announced that they have completed the exchange offer. The issuers reported that holders holding approximately $10.3 million in principal amount of the old notes submitted their old notes in the exchange offer. Approximately $0.7 million in principal amount of old notes were not submitted for exchange in the exchange offer and accordingly remain outstanding. The company expects to pay the consideration for old notes accepted in the exchange offer on October 4, 2013. were accepted in the exchange offer will receive pro rata distributions of $4.0 million in cash, $5.0 million in principal amount of 11 1/2%/13 1/2% PIK Toggle Second Priority Secured Subordinated Notes due 2020 issued by LBI Media and $1.8 million in principal amount of 11% Senior Notes due 2017 issued by LBI Media Holdings.

LBI Media Holdings, Inc. and LBI Media, Inc. Announce Extension of Exchange Offer

As previously announced, on August 28, 2013, LBI Media Holdings Inc. and LBI Media Inc. commenced an exchange offer for any and all of LBI Media Holdings' outstanding 11% Senior Discount Notes due 2013. The Issuers announced that they are extending the deadline for submission of Old Notes for exchange from 12:00 a.m. New York City time, on September 26, 2013, to 12:00 a.m. New York City time, on October 1, 2013. Valid tenders of the Old Notes must be made before the exchange offer expires.

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Recent Private Companies Transactions

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