MIAMI — Eight days ago, two key members of Spanish Broadcasting System‘s Board of Directors abruptly tendered their resignations. Gary B. Stone, a Hispanic media veteran with a resume that includes a lengthy tenure at Univision Radio, declined to comment on his exit when reached by RBR+TVBR. Alan B. Miller also refrained from offering further details of his departure from the SBS board, saying, “I said it all in my note that was published.”
However, a source close to the matter willingly shared with RBR+TVBR what’s going on behind the scenes at this Miami-based media company controlled by SBS Chairman/CEO Raul Alarcon Jr.
Simply put: It’s him against a new group of preferred shareholders, and things could be getting bloody very soon.
