NEW YORK — It has been in the works for months and, when all is said and done, control of Spanish Broadcasting System (SBS) will no longer be in the hands of its founder, Raúl Alarcón Jr. Instead, creditors that include many foreign investment groups will hold majority control of the company. That’s unsettling to the Hispanic Marketing Council, which has submitted formal comments to the FCC sharing its concerns about what the future of the 100% minority-owned debtor-in-possession could mean to the nation’s Latino populace.
