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.
