One of the original Hemisphere assets, WAPA, is located in U.S. Hispanics represent 18% of the total television audience and 11% of the buying power in the country. In the 2010s, 52% of the country's population growth came from this demographic, and that trend is expected to continue throughout the 2020s, with Hispanic Americans expected to total ~75 million by 2030, up from 60.5 million in 2020. Hispanic population that either can't speak English or would prefer to consume its content in Spanish.

Hemisphere is a pure-play on the ever-expanding U.S. Owing to this arrangement, Gato Investments LP controls the majority voting power. The 19.7 million privately held Class B shares also bestow economic interest but ten votes per share and are convertible into Class A shares. The 20.7 million publicly traded Class A shares confer economic interest and one vote per share. The company is capitalized by two classes of stock. Hemisphere's stock currently trades at around $3.75 a share, translating to a market cap of around $160 million. Azteca went public in 2011, raising gross proceeds of $100 million at $10 per share. Hemisphere was founded in 2013 (with roots back to 1954) and went public the same year after merging into special purpose acquisition company (SPAC) Azteca Acquisition Corporation, with its first trade conducted at $10.25 a share. The company's portfolio includes five cable networks distributed in the U.S., two cable networks in Latin America, a broadcast TV network in Puerto Rico, and a streaming movie platform in the U.S., amongst other assets. ( NASDAQ: HMTV) is a Miami-based Spanish language media concern servicing the U.S.

The stock at first glance seemed potentially cheap on a price to sales basis and has had some significant purchases from a beneficial owner as well lately, after a big pullback in the stock. Today, we take our first look at a small media company that is headquartered about five miles from where I lived in Miami for a decade. 'It did what all ads are supposed to do: create an anxiety relievable by purchase.' - David Foster Wallace, Infinite Jest

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