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Spanish Broadcasting investor Discovery Group sells more than 1.2 million shares
By Lisa Kerner
Charlotte, N.C., Jan. 7 - Spanish Broadcasting System, Inc. investors led by Discovery Group I, LLC sold 1,208,512 shares of the company's stock between Dec. 4 and Jan. 5 at prices from $0.075 to $0.13 each, according to a schedule 13D/A filed with the Securities and Exchange Commission.
Discovery Group sold 810,244 shares of the company's stock between Nov. 17 and Dec. 3 at prices from $0.07 to $0.16 each, a prior SEC filing said.
The investors beneficially own 1,957,873 shares, or 4.7%, of the Chicago-based media and entertainment company.
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