‘Abajo’: SBS’s Q3 In One Word

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Translated from Spanish to English, that’s “Down.” And, for Doral, Fla.-based Spanish Broadcasting System (SBS), everything was down except adjusted OIBDA in its Mega TV segment.


That said, television is all but a small segment of what impacts SBS. Additionally, digital growth was offset by tough political comps. Nevertheless, some are discussing Chapter 11 for this venerable company — even though Chairman/CEO Raul Alarcon Jr. controls the bulk of shares and is not in the same situation as companies such as Cumulus Media.

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