Mega Reporte to Debut on Mega TV

Carlos Alberto Montaner, Maria Elvira Salazar, Allan Villafaña and Frank Cairo To Host An In-Depth Investigative News Program

Spanish Broadcasting System (SBS) (NASDAQ: SBSA) announced today the launch of its new show, MEGA REPORTE, a unique, in-depth journalistic approach to examine the issues and topics that directly affect the Hispanic community in the US and abroad.

MEGA REPORTE will premiere on March 30 at 10:00 PM EST on MEGA TV Channel 22, at 7:00 PM PST on DirecTV Más Channel 405, and at 11:00 PM in Puerto Rico on DirecTV Channel 169. The first episode will be hosted by renowned journalist, Allan Villafaña, and will focus on the current wave of school massacres and how local communities can work on early detection and prevention.

MEGA REPORTE will feature issues ranging from health, which will be presented by MEGA TV's medical correspondent, Dr. Manny, to politics with Maria Elvira Salazar of "Maria Elvira Live."

MEGA REPORTE will also include up-close interviews in the unique style of Mega TV's "A Solas Con Frank Cairo," and the investigative reporting on solved and unsolved crimes by Allan Villafana in "Xpediente."

Do not miss the insightful analysis of the topics that directly affect your life by tuning into MEGA REPORTE on March 30 at 10:00 PM EST on MEGA TV Channel 22 in Miami, at 11:00 PM on DirecTV Channel 169 in Puerto Rico and at 7:00 PM PST on Channel 405 of DirecTV Más in the United States.

About Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. is the largest publicly traded Hispanic-controlled media and entertainment company in the United States. SBS owns and operates 21 radio stations located in the top Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, including the #1 Spanish-language radio station in America, WSKQ-FM in New York City, as well as 4 of the Top 7 rated radio stations airing the Tropical, Mexican Regional, Spanish Adult Contemporary and Hurban format genres. The Company also owns and operates Mega TV, a television operation serving the South Florida market with national distribution through DirecTV Más. SBS also produces live concerts and events throughout the U.S. and Puerto Rico. In addition, the Company operates www.LaMusica.com, a bilingual Spanish-English online site providing content related to Latin music, entertainment, news and culture. The Company's corporate Web site can be accessed at www.spanishbroadcasting.com.