- Two ex-Cumulus stations around Houston are sold: KFNC/97.5 and KHJK/103.7
- Handicapping The Summer Hit Of 2012
- TECHSURVEY8: An Interview with Jacobs Media President Fred Jacobs
- Program Directors and Communicating
- Fresh Listen: Miami's Refreshing AC Battle
- West Palm Beach Frequency Shuffle June 1st
- Huge Sports Radio Shift in Salt Lake City: Discussion
- Dallas: Jane Slater Moves from KRLD-AM to "The Fan" as Midday Co-Host with "Elf"
- What's Next for Cumulus/Houston?
- Downsized by a RIF? Tell the Industry You're Looking for Work on Our Free Jobs Board
Items Tagged With: “Spanish Broadcasting System”
39 entries found
Options
-
Text Size
Big selloff in SBS stock – down 40% Tuesday
Tuesday morning, Spanish Broadcasting System presented its first quarter numbers and discussed trends for the second quarter. By the close of trading on the NASDAQ, SBS stock
had dropped all the way from Monday's close of $6.35 to $3.75.
Read More
At SBS, first quarter "improved considerably" over last year
Radio division revenues grew 5% over last year's Q1. Spanish Broadcasting System CEO Raul Alarcon says "the advertising market remains volatile, but our brands remain strong." Radio revenue rose from $26.4 million to $27.8 million.
Read More
Salsa comes to Miami as WCMQ flips from Spanish Classic Hits
Spanish Broadcasting System’s WCMQ-FM Miami (92.3) has switched from Spanish Classic Hits ("Clasica 92") to Salsa as Zeta 92. “Salsa y Más” is the name of the new Spanish tropical format that debuted over the weekend.
Read More
Spanish Broadcasting System stock jumped 43% on Friday
SBS stock ("SBSA") rose $2.04 to $6.75 a share. The growth spurt came in the hours following CEO Raul Alarcon's 11am conference call. Read More
At Spanish Broadcasting System, radio revenues soared 11% in Q4
SBS chief executive Raul Alarcon credits revenue from special events, network sales and barter sales for the double-digit increase. SBS says all its radio markets saw improvements in the categories of special events and network sales, and every market except Los Angeles grew in barter sales.
Read More
Spanish Broadcasting System removes threat of NASDAQ de-listing
The market value of SBS shares ("SBSA") had dropped below $15 million when Spanish Broadcasting System was issued a warning last September 15. Now the company says it has regained compliance with the requirement, since its shares closed for ten consecutive days at a level above $15 million.
Read More
Spanish Broadcasting System releases preliminary results for Q4 2011
SBS reports that radio/TV net revenues were ahead at least 7.5%, and perhaps as much as 9%. The company is still calculating the final fourth quarter and full-year results, but CEO Raul Alarcon wants to get a message out.
Read More
Spanish Broadcasting System radio revenues up 5% for the quarter
That outshines the revenue gains for most publicly-traded radio operators, which tend to be reporting flattish revenues. SBS radio revenues increased from $30.5 million to $32 million in the recent third quarter.
Read More
Miami's WXDJ goes with "The King of the Mornings"
Singer Rey Ruiz is the new morning host of Spanish Broadcasting System's WXDJ-FM "El Zol" (95.7). SBS EVP/Programming Jesus Salas says, "Signing Rey Ruiz is very much in line with our strategy of delivering the biggest stars and the best content possible.
Read More
Cumulus replaces L.A GMs, installs Marko Radlovic at talk KABC/classic rock KLOS
A week after Marko Radlovic resigned as L.A. market manager and corporate Chief Revenue Officer for Spanish Broadcasting System, he is announced as the new Los Angeles manager for Cumulus.
Read More
At Spanish Broadcasting System, Marko Radlovic leaves as Chief Revenue Officer
Radlovic was also serving as Senior VP of the two SBS stations in the Los Angeles market: regional Mexican "La Raza" KLAX (97.9) and Spanish reggaeton/hip-hop "Latino 96.3" KXOL-FM. Radlovic had served SBS in several capacities over the years and at one point had relocated from Los Angeles to SBS corporate offices in the Miami area.
Read More
Spanish Broadcasting System shareholder wants it to spin off Mega TV
David Tomasello-led Attiva Capital tells the SEC it "is currently in discussion with other shareholders of SBS...on the idea that the company should separate (spin off) the Mega TV and Mega Films franchises by selling its majority stake to a bigger media company that has the financial resources, the content and distribution network required to make…
Read More
Radio revenues down 2% at Spanish Broadcasting System
The SBS TV division revenues gained 10%, but that operation is still much smaller than the radio division the company was founded on. For second quarter, SBS radio revenues dipped from $31.8 million to $31.2 million.
Read More
Radio stocks get slammed on Wall Street
Much like the rest of Wall Street, radio stocks were hardly spared on Monday. The selloff hit Sirius XM (SIRI) worst, losing 12.7% and falling below $2 to $1.65.
Read More
Spanish Broadcasting System is back in compliance with NASDAQ
SBS was facing the potential of being delisted from the NASDAQ exchange, after its stock price fell below the $1.00 line. Shareholders agreed to a one-for-ten reverse stock split, which raised the stock price from below $1 to above $4, in a move that became effective July 12.
Read More
Spanish Broadcasting System Goes For the 1-for-10 Reverse Stock Split
On June 1, SBS won stockholder authorization to repair a sagging share price by engineering a reverse split of somewhere between 1-for-5 and 1-for-10. Today CEO Raul Alarcon reveals that the Miami-based company is choosing the option that would create the highest potential price, post-split.
Read More
Spanish Broadcasting System revenues drop 2%
Revenue improved 15% at the still-growing Mega TV division, though it shows an operating loss of $1.8 million. On the much bigger radio side, New York and Miami suffered decreases in local revenues.
Read More
Spanish Broadcasting System pays $16 million for a TV station in Houston
Interestingly, SBS, founded as a radio group, does not own any radio stations in Houston. But five years ago CEO Raul Alarcon's company began a Miami-based TV production house named Mega TV.
Read More
Miami's "La Raza 106.3" gives way to a Central American-focused "Cima"
Spanish Broadcasting System flipped then-romantica WZMQ to a regional Mexican format in January 2008, but now gives up that format to focus on fans of the cumbia and vallenato music that's derived from the music of Colombia. SBS has used the "Cima" name - it means "Peak" - in Puerto Rico, and and decides to try it in South Florida. Read More
SBS CEO Raul Alarcon sees yearly pay drop from $2.5M to $2M
From today's TRI Newsletter: The Spanish Broadcasting System board raised Alarcon's base salary from $1 million to $1,250,000 in 2007 and it’s stayed there, despite the economy and the stock-price woes of SBS. But Alarcon actually has been making less money than he used to, in total compensation.
Read More
