{"id":663303,"date":"2026-05-11T23:59:07","date_gmt":"2026-05-11T23:59:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/663303\/"},"modified":"2026-05-11T23:59:07","modified_gmt":"2026-05-11T23:59:07","slug":"radio-station-owner-spanish-broadcasting-files-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/663303\/","title":{"rendered":"Radio Station Owner Spanish Broadcasting Files Bankruptcy"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">Radio station owner <a href=\"https:\/\/www.bloomberg.com\/quote\/SBSAA:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Spanish Broadcasting System Inc.<\/a> filed for bankruptcy on Monday after announcing plans to hand ownership to noteholders in exchange for restructuring the debt.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">The Miami-based company, which caters to the US Hispanic population, signed a deal with <a href=\"https:\/\/www.bloomberg.com\/quote\/3880102Z:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Brigade Capital Management<\/a>, <a href=\"https:\/\/www.bloomberg.com\/quote\/1720703D:LN\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Man Group<\/a> and an affiliate of <a href=\"https:\/\/www.bloomberg.com\/quote\/61128Z:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">HIG Capital<\/a> in early April, SBS said in a <a href=\"https:\/\/www.spanishbroadcasting.com\/press-releases-investor-relations\/spanish-broadcasting-system-inc-announces-restructurring-support-agreement-with-supermajority-of-bondholders\" title=\"Company statement\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">statement<\/a>. At the time it filed for bankruptcy, more than 90% of the holders of the company\u2019s $310 million notes backed the plan, company Chief Restructuring Officer Jesse York said in a court filing.<\/p>\n","protected":false},"excerpt":{"rendered":"Radio station owner Spanish Broadcasting System Inc. filed for bankruptcy on Monday after announcing plans to hand ownership&hellip;\n","protected":false},"author":2,"featured_media":663304,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[4815,49,48,5427,10030,75,133,98316,100,341,29522,1893,995,245040],"class_list":["post-663303","post","type-post","status-publish","format-standard","has-post-thumbnail","category-music","tag-august","tag-ca","tag-canada","tag-debt","tag-delaware","tag-entertainment","tag-finance","tag-man-group-plc-jersey","tag-markets","tag-music","tag-puerto-rico","tag-radio","tag-regulation","tag-spanish-broadcasting-sys-a"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/663303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=663303"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/663303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/663304"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=663303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=663303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=663303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}