MEGA TV To Offer Special Coverage of The Presidential Elections 2008.-"Your Vote

Spanish Broadcasting System ("SBS") (NASDAQ: SBSA) announced today that on November 4 it will broadcast special coverage of the 2008 Presidential Election in brief segments from 6 PM to 8 PM. Following these two hours of updates, SBS stations will air an interruption-free program called "Tu Voto Decide" with renowned host Maria Elvira Salazar and leading Mega News journalists Camilo Egaña and Maria Regina Bustamante.

"Tu Voto Decide" will also feature key political analysts from both parties, who will offer commentary from different locations across the United States and Puerto Rico to keep the audience informed on the latest results and happenings of this important election.

Maria Elvira Salazar, Photo By Kike San Martin

"We believe it is imperative to provide strong news coverage of this historic Presidential election," said Cynthia Hudson-Fernández, Executive Vice President and General Creative Director of Mega TV. "Mega TV launched the 'Tu voto decide' campaign to motivate Hispanics in the United States to vote during this election, especially in South Florida, and on November 4, we will offer viewers full coverage of the day's events with the best analysis in the country."

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/or 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 6 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, owns and operates a station in Miami-Ft. Lauderdale DMA (WSBS) Ch. 22, and an affiliate in West Palm Beach, Fl (Ch. 57/Comcast 231). Mega TV also has national distribution in the US through DirecTV Más (Ch. 405). The channel can also be seen in Puerto Rico on DIRECTV (Ch. 169), and through affiliate WSJU (Ch. 30). 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.