--(www.USEquityNews.com)-- 09/01/2008 - Entertainment industry alert provided by U.S. Equity News. Shares in beleaguered Spanish Broadcasting System Inc. (NASDAQGM: SBSA) again closed below the required $1 threshold Thursday, a week after Nasdaq warned the company to boost its share price or be delisted. Shares in SBS, which owns 21 radio stations serving the Hispanic market, rose 3 cents to close at 45 cents on Thursday. The shares last closed above $1 on July 8, at $1.04. The Coconut Grove, Fla.-based company, which went public at $20 a share in November 1999, has been the subject of a shareholder revolt. In February, the merchant banking firm Discovery Group, which owns a 9.8 percent stake, blasted the company in a letter filed with the Securities and Exchange Commission for eroding shareholder value, especially with its compensation of CEO Raul Alarcon Jr. and acquisitions Discovery considered wasteful. In the quarter ending in June, the company booked a pretax loss of $395 million, mainly due to a $396 million impairment charge for write-downs on radio stations in Los Angeles, San Francisco, Puerto Rico, Miami and New York.
Opinion Research Corporation (an infoGroup Company) (NASDAQ:IUSA), announced recently that it had significantly enhanced its presence in Singapore with the appointment of Koh Hwee Hoon as Research Director - Singapore. Ms. Koh, a native of Singapore, will be responsible for coordinating and overseeing the company's research operations in the Singapore market. In addition, she will play an important role in meeting and servicing existing clients and developing new client relationships. She comes to Opinion Research with more than 8 years of experience as a market researcher, conducting various market research projects within the Asia Pacific region. Having previously lived and worked in Hong Kong and Beijing, Ms. Koh possesses strong market research statistical techniques and regional project management skills. She has a broad background which includes economics, sociology, statistics, marketing, business administration and Information Technology. "We are very fortunate to have someone of Hwee Hoon's skill and experience level," said Greg Wayman, Managing Director of NWC Opinion Research, the regional headquarters of U.S. based Opinion Research Corporation who oversees the company's Asia Pacific region. "She brings a wealth of knowledge of both the local Singapore market and the broader region to the company. Her considerable experience in both research and IT will enable her to bring added value to our clients operating in Singapore and across Asia."
OneSource Business Information Services (NASDAQGS: IUSA) is pleased to announce the addition of Latin American content, including detailed company profiles and executive data, integrated into the company's business information service offerings.
