| Market Capitalization (Millions $) |
0 |
| Shares
Outstanding (Millions) |
7 |
| Employees |
1,200 |
| Revenues (TTM) (Millions $) |
156 |
| Net Income (TTM) (Millions $) |
-11 |
| Cash Flow (TTM) (Millions $) |
14 |
| Capital Exp. (TTM) (Millions $) |
3 |
Business Description
Spanish Broadcasting System Inc. (SBS) is a publicly traded media and entertainment company based in Miami, Florida that primarily targets the Hispanic market in the United States. It was founded in 1983 by Ra'l Alarc'n Sr., who serves as the company's Chairman and CEO. SBS is the largest publicly traded Hispanic-controlled media company in the United States.
The company owns and operates 17 radio stations in seven of the top 10 Hispanic markets in the country, including Miami, Los Angeles, New York City, Chicago, San Francisco, Puerto Rico, and Houston. The radio stations cover a variety of formats, including tropical, regional Mexican, Spanish contemporary, and adult hits.
SBS also has a digital division, which includes LaMusica, a mobile music app and online platform for Hispanic audio and video content, and MegaTV, a Spanish-language television network available in select markets across the United States.
In addition to their media properties, SBS has a live entertainment division that produces concerts and events featuring some of the biggest names in Latin music, including Pitbull, Ricky Martin, and Jennifer Lopez. The company also owns and operates a music label, SBS Entertainment, which has released albums from many popular Latin artists.
SBS has won numerous awards for their programming, including seven Marconi Awards, the highest honor in the radio broadcasting industry, for their station, WCMQ-FM in Miami. The company is committed to giving back to the communities they serve and has established various charitable initiatives, including supporting the St. Jude Children's Research Hospital, local food banks, and disaster relief efforts.
Overall, Spanish Broadcasting System Inc. has become a leading media and entertainment company in the Hispanic market in the United States. With its diverse portfolio of radio stations, television network, online platform, live events, and music label, SBS is well-positioned to continue serving and growing its audience in the years to come.
Company Address: 7007 NW 77th Ave. Miami 33166 FL
Company Phone Number: 441-6901 Stock Exchange / Ticker: SBSAA
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