Edenbrook Capital Sends Letter to Hemisphere Media Group Board
Retrieved on:
Monday, May 16, 2022
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Our firm, Edenbrook Capital, LLC, is a large shareholder of Hemisphere Media Group, Inc. ("the Company" or "Hemisphere"), with ownership of approximately 14.94% of the publicly traded A shares and 7.65% of the total company, including the privately held, super-voting B shares.
Key Points:
- Our firm, Edenbrook Capital, LLC, is a large shareholder of Hemisphere Media Group, Inc. ("the Company" or "Hemisphere"), with ownership of approximately 14.94% of the publicly traded A shares and 7.65% of the total company, including the privately held, super-voting B shares.
- Canal Uno, the Company's joint venture in a Colombian broadcast network: Hemisphere has invested approximately $130 million in Canal Uno in recent years.
- Other Assets: Includes equity stakes in Snap Media, a content distribution business, and Remezcla, a Latin American cultural media company.
- Edenbrook Capital, based in Mount Kisco, NY, takes a private equity approach to public markets, principally through concentrated, long-term investments in small and mid-cap companies.