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Last $6.88 USD
Change Today +0.11 / 1.62%
Volume 25.2K
SBSA On Other Exchanges
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

spanish broadcasting sys-a (SBSA) Snapshot

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52 Week High
07/20/15 - $7.30
52 Week Low
12/24/14 - $1.99
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spanish broadcasting sys-a (SBSA) Details

Spanish Broadcasting System, Inc. operates as a Spanish-language media and entertainment company in the United States. It operates in two segments, Radio and Television. The company produces and distributes Spanish-language content, including radio programs, television shows, and music and live entertainment. It owns and operates 20 radio stations in the Los Angeles, New York, Puerto Rico, Chicago, Miami, and San Francisco markets; AIRE radio networks with over 103 affiliate radio stations; and 3 television stations under the MegaTV brand, as well as has various MegaTV broadcasting outlets under affiliation or programming agreements. The company also produces live concerts and events; and owns 21 bilingual Websites, including, an online destination and mobile app providing content related to Latin music, entertainment, news, and culture. Its radio station programming formats include Spanish Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40, and Latin Rhythmic; and television programs range from televised radio-branded shows to general entertainment programs, such as music, celebrity, debate, interviews, and personality-based shows. The company was founded in 1983 and is based in Miami, Florida.

439 Employees
Last Reported Date: 03/31/15
Founded in 1983

spanish broadcasting sys-a (SBSA) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $3.2M
Chief Administrative Officer, Chief Financial...
Total Annual Compensation: $525.0K
Chief Operating Officer and Member of Disclos...
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2014.

spanish broadcasting sys-a (SBSA) Key Developments

Spanish Broadcasting System Inc. Appoints Joe Mackay as Executive Vice President of National and Network Sales

Spanish Broadcasting System Inc. announced the appointment of Joe Mackay as Executive Vice President of National and Network Sales. Mr. Mackay had previously served as VP/General Manager of WLEY-FM, the SBS owned and operated FM outlet serving the Chicago market. In his new capacity, Mr. Mackay will oversee the revenue efforts at AIRE Radio Networks, the syndication and selling platform comprised of over 100 top Spanish-language radio stations throughout the United States and Puerto Rico. In addition, Mr. Mackay will direct all national spot sales for the major-market SBS radio outlets in coordination with McGavren, the company's national sales representative.

Spanish Broadcasting System Inc. Appoints Marko Radlovic as Senior Vice President and West Coast Regional Manager

Spanish Broadcasting System Inc. announced that Marko Radlovic has been named Senior Vice President and West Coast Regional Manager, supervising all operations at KLAX-FM and KXOL-FM in Los Angeles and KRZZ-FM in San Francisco/San Jose. Mr. Radlovic had previously held various managerial positions at SBS from 2001 through 2011 including General Manager, Market Manager, Chief Revenue Officer and Chief Operating Officer. More recently, Mr. Radlovic had served as President/Market Manager at Cumulus Media in Los Angeles.

Spanish Broadcasting System Inc. Announces Dismissal of Preferred Stockholder Claims by Delaware Court of Chancery

Spanish Broadcasting System Inc. announced the dismissal of Counts I, II and IV of a lawsuit brought by certain preferred stockholders, which alleged that SBS had violated the Series B Preferred Stock Certificate of Designations by incurring debt. The lawsuit was filed in the Delaware Court of Chancery on December 27, 2013. Among other things, the lawsuit alleged that non-payment of certain dividends caused a Voting Rights Triggering Event under the certificate of designations for the Series B Preferred Stock, and alleged that the Company was therefore prohibited from incurring indebtedness. On May 19, 2015, the Court of Chancery issued a letter opinion granting SBS's motion to dismiss Counts I, II and IV of the lawsuit. The dismissal was formalized in an order issued by the Court on May 22, 2015. Only Count III of the lawsuit, relating to the Company's October 2013 Series B Preferred Stock repurchase, remains outstanding.


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