Last $2.89 USD
Change Today +0.35 / 13.78%
Volume 3.9K
SBSA On Other Exchanges
Symbol
Exchange
Stuttgart
As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

spanish broadcasting sys-a (SBSA) Snapshot

Open
$2.45
Previous Close
$2.54
Day High
$2.89
Day Low
$2.45
52 Week High
04/4/14 - $7.46
52 Week Low
12/24/14 - $1.99
Market Cap
21.0M
Average Volume 10 Days
4.0K
EPS TTM
$-2.04
Shares Outstanding
4.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SPANISH BROADCASTING SYS-A (SBSA)

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spanish broadcasting sys-a (SBSA) Details

Spanish Broadcasting System, Inc., together with its subsidiaries, operates as a Spanish-language media and entertainment company in the United States. The company operates in two segments, Radio and Television. It owns and operates 21 radio stations in the Los Angeles, New York, Puerto Rico, Chicago, Miami, and San Francisco markets; and 3 television stations under the MegaTV name in South Florida and Houston, as well as has various MegaTV broadcasting outlets under affiliation or programming agreements. The company also operates 21 bilingual Websites, including lamusica.com, Mega.tv, and various radio station Websites that provide content related to Latin music, entertainment, news, and culture, as well as produces live concerts and events. Its radio station programming formats include Spanish Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40, and Latin Rhythmic. The company’s television programming format focuses on programs ranging from televised radio-branded shows to general entertainment programs, such as music, celebrity, debate, interviews, and personality-based shows. Spanish Broadcasting System, Inc. was founded in 1983 and is headquartered in Miami, Florida.

464 Employees
Last Reported Date: 04/15/14
Founded in 1983

spanish broadcasting sys-a (SBSA) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.5M
Chief Administrative Officer, Chief Financial...
Total Annual Compensation: $523.0K
Chief Operating Officer and Member of Disclos...
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

spanish broadcasting sys-a (SBSA) Key Developments

Spanish Broadcasting System, Inc. Receives Non-Compliance Notice From NASDAQ

On December 19, 2014, Spanish Broadcasting System, Inc. received a written notice from The Nasdaq Stock Market (NASDAQ), advising that the market value of Class A common stock for the previous 30 consecutive business days had been below the minimum $15,000,000 (Market Value of Publicly Held Shares Requirement) required for continued listing on the NASDAQ Global Market pursuant to NASDAQ Listing Rule 5450(b)(3)(C). Pursuant to NASDAQ Listing Rule 5810(c)(3)(D), the company has been provided an initial grace period of 180 calendar days, or until June 17, 2015, to regain compliance with the Rule. The Notice further provides that NASDAQ will provide written confirmation stating that the company has achieved compliance with the Rule if at any time before June 17, 2015, the market value of the company’s publicly held shares closes at $15,000,000 or more for a minimum of 10 consecutive business days. If the company does not regain compliance with the Rule by June 17, 2015, NASDAQ will provide written notification to the company that the company’s common stock is subject to delisting from the Nasdaq Global Market, at which time the company will have an opportunity to appeal the determination to a NASDAQ Hearings Panel. The company intends to use all reasonable efforts to maintain the listing of its common stock on the NASDAQ Global Market, but there can be no guarantee that the company will regain compliance with the Market Value of Publicly Held Shares Requirement.

Spanish Broadcasting System, Inc. Announces the Dismissal of Lehman Brother Holdings, Inc.'s Lawsuit

Spanish Broadcasting System Inc. announced the dismissal of Lehman Brother Holdings Inc.'s lawsuit, which alleged that SBS had violated the Preferred Stock Certificate of Designations by incurring debt without paying quarterly dividends. On February 14, 2013, Lehman initiated a litigation against the Company in Delaware Court of Chancery. The lawsuit sought a declaratory judgment that a Voting Rights Triggering Event had occurred pursuant to the certificate of designations for the Series B preferred stock, as a result of the non-payment of dividends. Specifically, Lehman alleged that the Company was prohibited from incurring indebtedness, but nonetheless did so for the purposes of purchasing assets relating to its Houston television station and the issuance of its 12.5% Senior Secured Notes due 2017. On December 11, 2014, the Supreme Court of Delaware affirmed the Chancery Court's dismissal of Lehman's claims. The dismissal of Lehman's claim does not affect SBS's separately pending lawsuit which alleges that Lehman wrongfully breached its obligations by failing to fund its portion of the Company's former revolving credit facility. SBS will continue to vigorously pursue this claim.

Spanish Broadcasting System Inc. announced delayed 10-Q filing

On 11/17/2014, Spanish Broadcasting System Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

 

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Industry Analysis

SBSA

Industry Average

Valuation SBSA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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