ANNOUNCES RATINGS RESULTS FOR SPRING ‘07
Maintains National Leadership Rankings in Primary Spanish-language Formats Including #1 Spanish Radio Station in America
Spanish Broadcasting System, Inc. (SBSA) is the largest publicly traded Hispanic-controlled media and entertainment company in the United States. SBSA owns and operates 20 radio stations located in the top Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, including the #1 Spanish-language radio station in America, WSKQ-FM in New York City, as well as 4 of the top 7 rated radio stations airing the Tropical, Mexican Regional, Spanish Adult Contemporary and Hurban format genres. SBSA also owns and operates Mega TV, a television operation serving the South Florida market with national distribution through DirecTV. SBS also produces live concerts and events throughout the U.S. and Puerto Rico. In addition, SBSA operates www.LaMusica.com, a bilingual Spanish-English online site providing content related to Latin music, entertainment, news and culture.
Hispanics represent the nation’s largest minority group, and projections show further growth despite an expected slowdown in immigration.
In 2007, there were an estimated 45.5 million Hispanics living in the United States, representing 15% of the population. They were widely dispersed across the country, but most concentrated in the major urban areas, California, Florida and the Southwest.
The Pew Hispanic Center predicts that the number of U.S. Hispanics will triple by 2050 and grow to 29% of the country’s population
Our Interactive sites reach millions of Hispanics on a monthly basis.
* Pageviews: 7,418,831*
* Visits: 2,208,455*
* Unique: 1,400,757*
* Ranked #3 among most visited entertainment portal**
* 500K double opt-in database (zip code, gender, language)
* Live streaming, live chat and on demand videos
* Audience composition: P12-18: 7.3% / A18-49: 68.7% / A50-54: 8.3%
Principals and Directors:
Raúl Alarcón, Jr. joined us in 1983 as an account executive and has been our President and a director since October 1985 and our Chief Executive Officer since June 1994. On November 2, 1999, Mr. Alarcón, Jr. became our Chairman of the board of directors and continues as our Chief Executive Officer and President. Currently, Mr. Alarcón, Jr. is responsible for our long-range strategic planning and operational matters and is instrumental in the acquisition and related financing of each of our stations. Mr. Alarcón, Jr. is the son of Pablo Raúl Alarcón, Sr.
Director, Senior Executive Vice President, Chief Financial Officer, Chief Administrative Officer and Secretary
Joseph A. García has been our Chief Financial Officer since 1984, Executive Vice President since 1996 and Secretary since November 2, 1999. Mr. García is responsible for our financial affairs, operational matters and investor relations, and he has been instrumental in the acquisition and related financing of our stations. Before joining us in 1984, Mr. García spent thirteen years in international financial planning positions with Philip Morris Companies, Inc. and Revlon, Inc., where he was manager of financial planning for Revlon — Latin America.
Chief Operating Officer of Radio Segment and General Manager
Frank Flores became our Chief Revenue Officer of the radio segment and General Manager of the radio market on April 1, 2009. Previously, Mr. Flores was the General Manager and Vice President of the New York radio market from January 2005 to March 2009 and VP/Director of Sales from July 2004 to January 2005. Mr. Flores is responsible for overseeing the revenue and profit performance of all of our radio stations and the day-to-day operational matters of the New York radio market. Prior to joining us, he was the general sales manager from 2003 to 2004 and local sales manager the previous twelve years for WXRK-FM with Infinity Broadcasting Corporation
Executive Vice President and Chief Creative Officer of Mega TV
Cynthia Hudson became our Chief Creative Officer and Executive Vice President on January 3, 2006. Ms. Hudson is responsible for MegaTV and our bilingual Internet portals. From 1997-2005, Ms. Hudson served as Senior Vice President and Editorial Director of Cosmopolitan Television (a Hearst Entertainment and Syndication Group division), heading up the creation and development of the Cosmopolitan TV Networks. Ms. Hudson led the research, development and creation of Cosmo TV, overseeing design of original programs, on-air packaging, promotions and program acquisitions, as well as the creation and production of original formats. Ms. Hudson is an eight-time Emmy Award winning producer, writer and international television executive with over 20 years experience in both the U.S. broadcast and international cable TV industries.
Mitchell A. Yelen became one of our directors on October 1, 2007. Mr. Yelen is currently the Director of tax services at Pinchasik, Strongin, Muskat, Stein & Company, P.A. where he has been employed since 1984 specializing in litigation support, complex tax research and financial planning. Mr. Yelen previously held positions at CPA firms: Kaufman, Rossin & Co., P.A. and Alexander Grant & Co., P.A. Among other degrees, he holds an M.B.A. in Finance from Northwestern University and a J.D. and L.L.M. in taxation from the University of Miami.
Jose A. Villamil became one of our directors on June 30, 2004. Mr. Villamil has over 25 years of experience as a private business economist and as a senior policymaker of both the federal and State of Florida governments. Mr. Villamil is the Principal Advisor of The Washington Economics Group, Inc. where he previously served as Chief Executive Officer, serving in such position from 1993 to 1998 and from 2000 to 2008. From 1999 to 2000, he was Director for Tourism, Trade and Economic Development of Florida. Mr. Villamil served most recently as Chairman of the Council of Economic Advisors of Florida and a member of the board of directors of Enterprise Florida, Inc. Since April 2003, Mr. Villamil has been director of Mercantile CommerceBank, N.A. and CommerceBank Holding Corp. Most recently, Mr. Villamil was appointed to President George W. Bush’s Advisory Committee on Trade Policy and Negotiations. From 1989-1993, Mr. Villamil served as Chief Economist and later as Undersecretary for Economic Affairs at the United States Department of Commerce.
Jason L. Shrinsky became one of our directors on November 2, 1999. Mr. Shrinsky is a retired partner from the law firm Kaye Scholer LLP, which he joined as a partner in 1986. Mr. Shrinsky has been a lawyer counseling corporations and high net worth individuals on financings, mergers and acquisitions, other related financial transactions and regulatory procedures since 1964. Kaye Scholer LLP has served as our legal counsel for more than 20 years.
SEC-All filings for SBSA-click here
As of August 11, 2009, 41,499,222 shares of Class A common stock, par value $0.0001 per share, 23,403,500 shares of Class B common stock, par value $0.0001 per share and 380,000 shares of Series C convertible preferred stock, $0.01 par value per share, which are convertible into 7,600,000 shares of Class A common stock, were outstanding.
Investor relations: Corporate headquarters:
Jose Molina SBS Tower
[email protected] 2601 South Bayshore Drive PH II
Coconut Grove, Florida 33133
2601 South Bayshore Drive PH II Telephone: 305-441-6901
Coconut Grove, FL 33133 Fax: 305-446-5148
Telephone: (305) 441-6901 [email protected]
Fax: (305) 446-5148
For charts, click here For news and PR's, click here
Note from Moderator: Web traffic can be an indicator of investor interest as well, it is interesting to note, that the parent site, Spanishbroadcasting.com, experienced a 168% jump in hits from June to July of this year.
The above information is in no way intended to be a buy recommendation. It is presented as a starting point for due diligence, and a convenience for users of this board. The moderator does not have a position in this equity currently. The moderator is not an investment advisor or broker.