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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Spanish Broadcasting System, Inc.
Type
Public
Traded as NASDAQ: SBSA
Industry radio/television and Internet
Founded Newark, New Jersey, USA (1983)
Headquarters Miami, Florida, United States
Key people

Raúl Alarcón Jr., Chairman and CEO
Héctor Marcano, President

Pablo Raúl Alarcón Sr., Chairman Emeritus and Director

Joseph A. Garcia, CFO, Executive Vice President and Secretary
Revenue Increase US $177 million (2006)
Operating income
Increase US $84 million (2006)
Net income
Increase US $40 million (2006)

Raúl Alarcón Jr., Chairman and CEO
Héctor Marcano, President

Pablo Raúl Alarcón Sr., Chairman Emeritus and Director

Spanish Broadcasting System, Inc. (SBS) is one of the largest owners and operators of radio stations in the United States. SBS is also invested in television and internet properties, deriving the majority of its income from advertising through its media products.

SBS owns the internet portal LaMusica.com. It also acquired WSBS-TV in Miami, Florida, KTBU in Houston, Texas and WTCV in San Juan, Puerto Rico, known as MEGA TV.

SBS targets the U.S. Hispanic audience in six geographic regions: the Los Angeles, New York, Chicago, Miami, and San Francisco metropolitan areas, and Puerto Rico.

Spanish Broadcasting System was founded by Pablo Raúl Alarcón Sr., who started in Spanish-language radio broadcasting in the early 1950s when he started his first radio station in Camagüey, Cuba, and his son, Raúl Alarcón Jr. Alarcón Sr. had acquired 14 radio stations by the time he fled Cuba with his family to the United States in 1960. In the U.S. he continued his career as an on-air personality at a New York radio station after arriving in the United States before being promoted to programming director. He subsequently owned a recording studio and advertising agency before borrowing $3.5 million USD to purchase the first SBS radio station, WSKQ-AM (La Super 1380) in 1983 with his son, Raúl Alarcón Jr. Alarcón Sr. would serve as SBS Chairman of the board of directors, while his son would serve as an account executive in the sales department.

SBS generated sales of about $20 million in its first year, confirming the influence of the growing Spanish-speaking audience. Raúl Alarcón Jr. became President of SBS and a director in October 1985. In 1998 SBS purchased its first FM station, regional Mexican KLAX 97.9 FM in Los Angeles. The company went public in the fall of 1991, raising $435.8 million by selling 21.8 million shares at $20 per share. SBS bought its third station, New York's WSKQ-FM, in 1989 and reformatted it as Mega 97.9, La Mega, surpassing the market's longtime leader, the light rock station WLTW-FM, by 1998. A major turning point for Spanish radio occurred that year when media researchers at Arbitron rated La Mega's morning show number one over that of the radio personality Howard Stern.

In 2002 the company created SBS Entertainment, a concert production arm. It also diversified by purchasing 80 percent of JuJu Media, the operator of the Spanish-English Web site LaMusica.com, which offered Latin music, entertainment, news, and culture. Later that year, at the insistence of Alarcón Jr., SBS launched KZAB-FM (La Sabrosa 93.5), targeting the Central American population in Los Angeles. In 2003, WSKQ was the most listened-to Spanish-language radio station in the United States. That year Alarcón Jr. told Billboard magazine, "My opinion is that radio programming continues to be an art. It is not a science. I will not argue with the fact that research gives you a good indication, a good road map."

Raúl Alarcón Jr. is the current Chief Executive Officer of SBS, a position he has held since June 1994. He also succeeded his father as Chairman of the board of directors on November 2, 1999. Alarcón Sr. would continue to serve as Chairman Emeritus. Alarcón Jr. is responsible for the company's long-range strategic planning and operational matters, and according to SBS's website, is instrumental in the acquisition and related financing of each SBS station.

In 2009, Raúl Alarcón Sr. was posthumously inducted into Billboard's Latin Music Hall of Fame. On June 3, 2011, the heavily Cuban-American community of Union City, New Jersey honored Alarcon Sr. with a star on the Walk of Fame at Celia Cruz Plaza. Alacron Jr. was present to accept the honors for his father.

SBS radio stations use one of six programming formats:

SBS launched AIRE Radio Networks in 2014.

In addition to individual radio station websites, SBS operates www.lamusica.com and www.mega.tv, all providing bilingual Spanish-English content about Latin music, entertainment and news.

MEGA TV was launched on March 1, 2006 and operates as a Spanish-language entertainment station in South Florida, Puerto Rico and Las Vegas. The station's programming targets a young, U.S. Hispanic audience through televised radio-branded shows and general entertainment programs (music, celebrity, debate, interviews, personality based shows). Seventy percent of MEGA TV's programming is in-house created. MEGA TV is also available nationwide on DirecTV and AT&T U-Verse.

Stations are arranged alphabetically by state and by city of license.

Arbitron sued SBS in order to force it to reinstall encoders used for the Portable People Meter system of audience measurement. SBS and other members of the PPM Coalition contended that the PPM system has had a major negative impact on their ratings and therefore revenue, and asked the Federal Communications Commission (FCC) in investigate. Arbitron sued SBS for breach of a 2007 contract, including $2.5 million in payments owed since 2009. In February 2010, a court ordered SBS to reinstate, at least temporarily, the coding of its radio broadcasts for measurement by Arbitron.

New York radio station websites

Miami radio station websites

Los Angeles radio station websites

San Francisco radio station website

Chicago radio station website

Puerto Rico radio station websites

Investment goal date:
Dividends reinvested
Spanish Broadcasting System, Inc. SBSA report Q3 2016
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2017
2017-05-15
--
--
Q4 2016
2017-03-31
--
--
Q3 2016
2016-11-14
0.0000
0.0000
Q2 2016
2016-08-15
0.0000
-0.5200
Q1 2016
2016-05-16
0.0000
-1.5600
Q4 2015
2016-04-13
0.0000
-0.9700
Q3 2015
2015-11-16
0.0000
-1.0600
Q2 2015
2015-08-14
0.0000
-0.4900
Q1 2015
2015-05-15
0.0000
-1.1900
Q4 2014
2015-03-31
0.0000
-0.8200
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BLACKROCK ADVISORS LLC
1474
BlackRock Fund Advisors
673
BlackRock Institutional Trust Company, N.A.
214378
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM
14385
Freestone Capital Holdings, LLC
17367
Thomas J. Herzfeld Advisors, Inc.
32272
Major Shareholders
Name Relationship
Total Shares
Holding stocks
ALARCON RAUL JR
1.4700% (61100)
SBSA /
GARCIA JOSEPH A
0.6000% (25000)
SBSA /
FERNANDEZ ANTONIO S
0.2400% (10000)
SBSA /
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