Hemisphere Media Group, Inc. (NASDAQ: HMTV) (the “Company”) the only publicly traded pure-play U.S. media company targeting the high growth Hispanic TV/cable networks business, today announced that the Company has been added to the Russell 2000, Russell 3000 and Russell Global Indexes as part of Russell Investments' second-quarter IPO additions that took place after market close on June 28, 2013.
The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity market and is a subset of the Russell 3000, representing approximately 10 percent of the total market capitalization of that index. Membership in the Russell 2000 Index includes automatic inclusion in the appropriate growth and style indexes.
Russell Investments determines membership for each index based on objective market capitalization rankings and style attributes. More than $3.9 trillion in assets are currently benchmarked to the Russell family of indexes.
About Hemisphere Media Group, Inc.
Hemisphere Media Group (NASDAQ: HMTV) is the only publicly-traded pure-play U.S. Spanish-language TV/cable network business serving the high-growth U.S. Hispanic population. Headquartered in Miami, Florida, Hemisphere owns and operates Cinelatino, WAPA Television and WAPA America. Cinelatino is the leading Spanish-language movie channel with more than 12 million subscribers in the U.S., Latin America and Canada, featuring the largest selection of contemporary Spanish-language blockbusters and critically-acclaimed titles from Mexico, Latin America, Spain and the Caribbean. WAPA Television is Puerto Rico’s leading broadcast station with the highest primetime and full day ratings in Puerto Rico. Founded in 1954, WAPA Television produces more than 60 hours per week of top-rated news and entertainment programming. WAPA America is the leading cable network targeting Puerto Ricans and other Caribbean Hispanics living in the U.S., featuring the highly-rated news and entertainment programming produced by WAPA-TV. WAPA America has more than five million U.S. subscribers.