SPANISH BROADCASTING SYSTEM, INC. (NASDAQ:SBSA) Files An 8-K Other EventsItem 8.01. Other Events.
On March 31, 2017, Spanish Broadcasting System, Inc. (the “Company”) filed Form 12b-25 notifying the Securities and Exchange Commission that additional time is needed for the Company to complete its Annual Report on Form 10-K for the fiscal year ended December 31, 2016 (the “Form 10-K”), which is due on March 31, 2017. The Company is unable to file its Form 10-K prior to the filing deadline without unreasonable effort or expense due to its needing more time to analyze and complete the disclosures regarding its 12.5% Senior Secured Notes due 2017, which mature on April 15, 2017, and related matters. The Company expects to file the Form 10-K no later than the fifteenth calendar day (or since the fifteenth calendar day falls on a Saturday, the next business day after the fifteenth calendar day) following the required filing date, as permitted by Rule 12b-25.
About SPANISH BROADCASTING SYSTEM, INC. (NASDAQ:SBSA)
Spanish Broadcasting System, Inc. (SBS) is a Spanish-language media and entertainment company with radio and/or television stations in the United States Hispanic markets, including Puerto Rico. The Company operates in two segments: radio and television. The Company owns and operates radio stations in approximately six Hispanic markets in the United States: Los Angeles, New York, Puerto Rico, Chicago, Miami and San Francisco. Its television stations and related affiliates operate under the MegaTV brand. It produces and distributes original Spanish-language content, including radio programs, television shows, music and live entertainment through its multi-media platforms. It also maintains multiple bilingual Websites, including www.lamusica.com, Mega.tv and various station Websites that provide content related to Latin music, entertainment, news and culture, as well as the LaMusica mobile application. LaMusica also streams its stations’ content. SPANISH BROADCASTING SYSTEM, INC. (NASDAQ:SBSA) Recent Trading Information
SPANISH BROADCASTING SYSTEM, INC. (NASDAQ:SBSA) closed its last trading session up +0.010 at 0.750 with 70,494 shares trading hands.