Battered From Maria, SBS Gets OTC Ouch

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MIAMI — It’s been a difficult September for Spanish Broadcasting System, the Hispanic-focused media company led by Raúl Alarcón Jr.


First, Hurricane Irma put SBS’s South Florida stations to the test. Then, Hurricane Maria stormed through Puerto Rico, creating havoc and destruction. As of Friday morning, two SBS FM stations are the only ones able to broadcast.

In the middle of all of this came a notice from OTC Markets that SBS’s market capitalization no longer meets its minimum standards.

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