HEMISPHERE MEDIA GROUP, INC. (NASDAQ:HMTV) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD.
issued a press release, a copy of which is attached hereto as
Exhibit 99.1.
on Form 8-K, including the exhibit attached hereto, is furnished
solely to Item 7.01 of this Current Report on Form 8-K.
Consequently, it is not deemed filed for the purposes of Section
18 of the Securities Exchange Act of 1934, as amended (Exchange
Act), or otherwise subject to the liabilities of that section. It
may only be incorporated by reference in another filing under the
Securities Act of 1933, as amended, or the Exchange Act if such
subsequent filing specifically references Item 7.01 of this
Current Report on Form 8-K.
content producers, Radio Television Interamericana S.A., Compania
de Medios de Informacion S.A.S and NTC Nacional de Television y
Comunicaciones S.A., was awarded a ten (10) year renewable
television broadcast concession license for Canal Uno in
Colombia. Canal Uno is one of only three national broadcast
television licenses in Colombia. The winning confidential bid in
the public auction was COP$107.5 billion (at the current exchange
rate which equates to approximately US$35 million), payable over
a two year period. The Company expects to begin operating the
network through a new entity to be formed by the Company and its
partners on May 1, 2017, subject to various conditions, including
execution of definitive agreements with regulatory authorities.
There can be no assurance, however, as to when such conditions
will be satisfied, if at all.
about the Company that are forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995. These include, but are not limited to, statements relating
to the Companys future financial and operating results (including
growth and earnings), plans, objectives, expectations and
intentions and other statements that are not historical facts.
These statements are based on the current expectations of the
management of the Company and are subject to uncertainty and
changes in circumstance, which may cause actual results to differ
materially from those expressed or implied in such
forward-looking statements. Without limitation, any statements
preceded or followed by or that include the words targets, plans,
believes, expects, intends, will, likely, may, anticipates,
estimates, projects, should, would, expect, positioned, strategy,
future, or words, phrases or terms of similar substance or the
negative thereof, are forward-looking statements. In addition,
these statements are based on a number of assumptions that are
subject to change. Factors that could cause actual results to
differ materially from those expressed or implied by the
forward-looking statements are discussed under the heading Risk
Factors and Forward-Looking Statements in the Companys most
recent Annual Report on Form 10-K, filed with the SEC, as they
may be updated in any future reports filed with the Securities
and Exchange Commission. If one or more of these factors
materialize, or if any underlying assumptions prove incorrect,
the Companys actual results, performance, or achievements may
vary materially from any future results, performance or
achievements expressed or implied by these forward-looking
statements. Forward-looking statements included herein are made
as of the date hereof, and the Company undertakes no obligation
to update publicly such statements to reflect subsequent events
or circumstances.
Exhibit No.
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Description of Exhibit
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99.1
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Press Release issued by the Company on November 30, 2016
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About HEMISPHERE MEDIA GROUP, INC. (NASDAQ:HMTV)
Hemisphere Media Group, Inc. is the United States Spanish-language media company. The Company serves the United States Hispanic and Latin American markets. It operates through Hemisphere segment. It owns and operates the Spanish language networks and content production platform, including movie and telenovela channels, over two Hispanic entertainment genres and the cable television networks. The Company’s networks include Cine Latino, Inc. (Cinelatino), Televicentro of Puerto Rico, LLC (WAPA), WAPA America, Inc. (WAPA America), HMTV Pasiones US, LLC and HMTV Pasiones LatAm, LLC (collectively, Pasiones), HMTV Centroamerica TV, LLC (Centroamerica TV) and HMTV TV Dominicana, LLC (Television Dominicana). WAPA is an independent broadcast television network. WAPA America is a Spanish-language cable television network. Cinelatino is the Spanish-language cable movie network. Pasiones focuses on the program genres among Hispanics, telenovelas. HEMISPHERE MEDIA GROUP, INC. (NASDAQ:HMTV) Recent Trading Information
HEMISPHERE MEDIA GROUP, INC. (NASDAQ:HMTV) closed its last trading session 00.00 at 11.85 with 21,369 shares trading hands.