Investment

Big City Radio, Inc. YFM announced that it has received a $15 million bridge loan from UBS Warburg LLC.

Big City Radio, Inc. announced that it is in discussions to obtain a bridge loan to facilitate the interest payment on its 11 1/4% Senior Discount Notes due 2005.

On May 18, 2001, El Sitio reported that it had received notification from Nasdaq that its common shares had failed to maintain a minimum bid price of $1.00 for 30 consecutive trading days and other listing requirements as required by Nasdaq rules, and that El Sitio would have until August 14, 200

The law firms of Milberg Weiss Bershad Hynes & Lerach LLP, Schiffrin & Barroway, LLP and Cauley Geller Bowman & Coates, LLP join law firm of Stull, Stull & Brody in a class action lawsuit on behalf of purchasers of the securities of El Sitio, Inc.

A class action lawsuit was filed on June 8, 2001, in the United States District Court for the Southern District of New York, on behalf of purchasers of El Sitio, Inc. ("El Sitio") LCTO common stock between December 9, 1999 and June 7, 2001, inclusive (the "Class Period").

Spanish Broadcasting System privately sold $100 million in an add-on to its 9.625 percent due November 1, 2009 senior subordinated notes, originally issued in October 1999.

Lehman Brothers was the sole lead-manager for the sale, according to Reuters.

Hispanic Television Network announced that it has received a Nasdaq Staff Determination Letter regarding its status with the Nasdaq.