Spanish Broadcasting System, Inc. Regains Compliance With NASDAQ Minimum Market Value Rule
March 20 2015 - 4:01PM
Spanish Broadcasting System, Inc. ("SBS" or the "Company")
(Nasdaq:SBSA) announced today that on March 17, 2015 it was
informed by The NASDAQ Stock Market that it is in compliance with
the minimum market value of publicly held shares requirement for
continued listing on The NASDAQ Global Market.
About Spanish Broadcasting System, Inc.
Spanish Broadcasting System, Inc. is the largest publicly traded
Hispanic-controlled media and entertainment company in the United
States. SBS owns 20 radio stations located in the top U.S. Hispanic
markets of New York, Los Angeles, Miami, Chicago, San Francisco and
Puerto Rico, airing the Spanish Tropical, Regional Mexican, Spanish
Adult Contemporary, Top 40 and Latin Rhythmic format genres. SBS
also operates AIRE Radio Networks, a national radio platform which
creates, distributes and markets leading Spanish-language radio
programming to over 100 affiliated stations reaching 88% of the
U.S. Hispanic audience. SBS also owns MegaTV, a television
operation with over-the-air, cable and satellite distribution and
affiliates throughout the U.S. and Puerto Rico. SBS also produces
live concerts and events and owns 21 bilingual websites, including
www.LaMusica.com, an online destination and mobile app providing
content related to Latin music, entertainment, news and culture.
For more information, visit us online at
www.spanishbroadcasting.com.
This press release contains certain forward-looking
statements. These forward-looking statements, which are
included in accordance with the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, may involve known
and unknown risks, uncertainties and other factors that may cause
the Company's actual results and performance in future periods to
be materially different from any future results or performance
suggested by the forward-looking statements in this press
release. Although the Company believes the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, it can give no assurance that actual
results will not differ materially from these
expectations. Forward-looking statements, which are based upon
certain assumptions and describe future plans, strategies and
expectations of the Company, are generally identifiable by use of
the words "may," "will," "expect," "believe," "anticipate,"
"intend," "could," "estimate," "might," or "continue" or the
negative or other variations thereof or comparable
terminology. Factors that could cause actual results, events
and developments to differ are included from time to time in the
Company's public reports filed with the Securities and Exchange
Commission. All forward-looking statements made herein are
qualified by these cautionary statements and there can be no
assurance that the actual results, events or developments
referenced herein will occur or be realized. The Company undertakes
no obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events
or changes to future operation results.
CONTACT: Analysts and Investors
Jose I. Molina
Vice President of Finance
(305) 441-6901
Analysts, Investors or Media
Brad Edwards
Brainerd Communicators, Inc.
(212) 986-6667
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