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 March3, 2017, Hemisphere Media Group,Inc. (the Company) issued
a press release announcing its results of operations for the
fourth quarter and year ended December31, 2016. A copy of the
press release is attached as Exhibit99.1 to this report and is
incorporated by reference into this item.
Within the Companys 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 Companys business using the same metrics used
by management and is important to investors understanding of the
Companys 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. |
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DescriptionofExhibit |
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99.1 |
Press Release issued by the Company on March3, 2017 |
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 up +0.10 at 11.65 with 37,821 shares trading hands.