Spanish Braodcasting System is a Hispanic-controlled media and entertainment company and is known as the largest of its kind in the United States. The company owns and operates 20 radio stations in New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, including the number one Spanish-language radio station in America, WSKQ-FM in New York City.
In addition, the Company also operates Mega TV, which is a television operation in South Florida with national distribution through Directv. Spanish Broadcasting Systems also operates www.LaMusica.com, a bilingual online website focused on delivering content related to Latin music, entertainment, news and culture.
SmallCAPS concluded their research report stating, “The stock seems extremely undervalued, as it is selling for less than 50% of its book value. We think it is a potential buyout candidate. If SBS continues its growth and returns to profitability next year, it could move 50 to 100% over the next year.”
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