Yesterday Hispanic Broadcasting Corp. announced that the company would miss their 4th Q 2000 revenue and profitability goals. The Street reacted negatively, sending the stock into a -32% downward spin to $23 7/8 at the end of the trading day.

Hispanic Broadcasting Corporation announced that the Company will post lower revenue and broadcast cash flow for the fourth quarter ended December 31, 2000 than originally anticipated.

Hispanic Television Network HTVN is taking steps to strengthen its financial base by eliminating 31 non-revenue-generating positions, and by working with certain investors to help meet immediate short-term cash needs. announced that the Company's Board of Directors had approved the development of a plan of liquidation and sale of the Company's assets with the proceeds to be distributed to the shareholders.

Telemundo Communications Group, Inc.