HEMISPHERE MEDIA GROUP,INC. (NASDAQ:HMTV) Files An 8-K Results of Operations and Financial Condition

ME Staff 8-k
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HEMISPHERE MEDIA GROUP,INC. (NASDAQ:HMTV) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.

On May4, 2018, Hemisphere Media Group,Inc. (the “Company”) issued a press release announcing its results of operations for the quarter ended March31, 2018. A copy of the press release is attached as Exhibit99.1 to this report and is incorporated by reference into this item.

Within the Company’s press release, the Company makes reference to the non-GAAP financial measure “Adjusted EBITDA,” which has a directly comparable generally accepted accounting principles (“GAAP”) financial measure. Management uses this measure to assess the operating results and performance of the business, perform analytical comparisons and identify strategies to improve performance. Management believes Adjusted EBITDA is relevant to investors because it allows them to analyze the operating performance of the Company’s business using the same metrics used by management and is important to investors’ understanding of the Company’s business.

The information included in this Current Report on Form8-K, including the exhibit attached hereto, is furnished solely to Item 2.02 of this Current Report on Form8-K. Consequently, it is not deemed filed for the purposes of Section18 of the Securities Exchange Act of 1934 (“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 or the Exchange Act if such subsequent filing specifically references this Current Report on Form8-K.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

DescriptionofExhibit

99.1

Press Release issued by the Company on May4, 2018


HEMISPHERE MEDIA GROUP, INC. Exhibit
EX-99.1 2 a18-12725_1ex99d1.htm EX-99.1 Exhibit 99.1     Hemisphere Media Group Announces First Quarter 2018 Financial Results   First Quarter Financial Results Impacted by Continued Disruption Caused by Hurricane Maria   First Quarter Results Show Improving Metrics on a Sequential Basis as Puerto Rico Recovery Advances   Enters into Agreement to Acquire a 75% Interest in Snap TV; Opportunity to Monetize Hemisphere Productions and Drive Content Licensing Revenue   MIAMI,…
To view the full exhibit click here

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.