Eric Garcia, VP of SBS (SBSA) Sales in New York Named ‘Businessman of the Year’ by NYC Hispanic Chamber of Commerce

MIAMI, Dec. 28, 2011 /PRNewswire/ — Spanish Broadcasting System, Inc. (SBS) (Nasdaq: SBSA) VP of SBS New York Sales, Eric Garcia, has been named the “Sales Businessman of the Year” by the New York Hispanic Chamber of Commerce. Garcia’s achievements were recognized alongside those of other outstanding business leaders at the New York Hispanic Chamber of Commerce’s 6th Annual Hispanic Business Awards Banquet & Scholarship Ceremony. The gala took place on Friday, December 2nd, 2011 at Maestro’s Caterer’s in the Bronx.

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Nearly 200 distinguished guests of the business community, along with local elected officials and other special guests were in attendance for the event. The prestigious New York Hispanic Businessman of the Year Award is presented to a New York Executive who is recognized for making outstanding contributions to his company and the community.

“Eric Garcia is a leader in the Hispanic community, a mentor to all entrepreneurs and a hugely successful business leader,” said Nick Lugo, President and CEO of NYCHCC. “SBS New York has a proven track record of success as one of the leading Hispanic businesses in the market and it is because of this success that we have named Eric Garcia as Businessman of the Year.”

“It’s an honor to accept this distinguished award from the New York Hispanic Chamber of Commerce,” said Garcia. “At SBS we have created a team of people dedicated to providing the best possible service to our clients. Together, we are proving that competition and opportunity can benefit consumers and businesses of all sizes. The New York Hispanic Chamber of Commerce is a first-class organization for professionals, business owners and corporate entrepreneurs and we look forward to supporting its continued advocacy in promoting and facilitating the success of Hispanic businesses.”

Mr. Garcia oversees all advertising sales and operations for WSKQ 97.9FM- La Mega 97.9FM and WPAT 93.1FM, 93.1FM Amor. He’s also responsible for growing and overseeing the revenue in all of the company’s divisions for the New York market.

This announcement marks the first year in which Garcia has received this prestigious recognition for his accomplishments on behalf of the NYCHCC as one of the top Hispanic business leaders in New York City. Under Garcia’s leadership, SBS New York was recognized by Advertising Age in the Hispanic Fact Pack 2011 with two of its stations ranked in the Top 10 Spanish-Formatted Radio Stations in the U.S. for an outstanding number of Hispanic average listeners. WSKQ-FM “La Mega 97.9FM” in New York ranked # 1 and WPAT-FM “93.1FM Amor” ranked # 3.

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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 U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Tropical, Mexican Regional, Spanish Adult Contemporary and Hurban format genres. SBS has 3 of the top 6 Spanish-language stations in the nation including the #1 Spanish station in America, WSKQ-FM in New York City (WPAT is ranked #3 and KLAX is ranked #6). The Company also owns and operates MegaTV, a television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico. SBS also produces live concerts and events throughout the country and operates 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.