UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): September 18, 2003
SPANISH BROADCASTING SYSTEM, INC.
(Exact name of registrant as specified in its charter)
| | | | | |
| Delaware | | 000-27823 | | 13-3827791 |
(State or other jurisdiction
of incorporation) | | (Commission
File Number) | | (IRS Employer
Identification No.) |
| | | |
2601 South Bayshore Drive, PH II, Coconut Grove, Florida
(Address of principal executive offices) | | 33133
(Zip Code) |
(305) 441-6901
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
TABLE OF CONTENTS
Item 5. Other Events.
On September 18, 2003, Spanish Broadcasting System, Inc. (“SBS”) entered into an asset purchase agreement with Border Media Partners, LLC (“Border Media”) for the sale of certain assets, including the FCC licenses, of SBS radio stations KLEY-FM and KSAH-AM serving the San Antonio, Texas market for a cash purchase price of $24,400,000.00. The agreement contains customary representations and warranties and the closing of the sale is subject to the satisfaction of certain customary conditions, including receipt of regulatory approval from the FCC.
Item 7. Financial Statements and Exhibits.
c. Exhibits
| | | |
| | 10.1 | Asset Purchase Agreement dated as of September 18, 2003 between Spanish Broadcasting System, Inc. and Border Media Partners, LLC. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | | |
| | | SPANISH BROADCASTING SYSTEM, INC.
(Registrant) |
| |
| September 25, 2003 | | By: | | /s/ Joseph A. Garcia
Joseph A. Garcia
Chief Financial Officer
Executive Vice President and
Secretary |
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