Spanish Broadcasting System to Reschedule Fourth Quarter and Full Year 2013 Release and Conference Call

Spanish Broadcasting System to Reschedule Fourth Quarter and Full Year 2013
Release and Conference Call

MIAMI, March 31, 2014 (GLOBE NEWSWIRE) -- Spanish Broadcasting System, Inc.
(Nasdaq:SBSA) (the "Company") today announced plans to file a Form 12b-25 with
the Securities and Exchange Commission to obtain additional time within which
to file its annual report on Form 10-K for the year ended December 31, 2013.
The Company is unable to file its Form 10-K prior to the filing deadline
without unreasonable effort or expense due to unanticipated delays in
resolving the accounting treatment of certain deferred tax assets. The Company
expects to file the Form 10-K within the 15 day extension period, on or before
April 15, 2014.

As a result, the Company will reschedule its fourth quarter and full year 2013
earnings release originally scheduled for after the market close on Monday,
March 31, 2014 and its conference call originally scheduled for the morning of
April 1, 2014. The Company will notify the investment community of the revised
date and time for the rescheduled release and conference call.

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 20 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. 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 and owns 21 bilingual websites, including 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.

This press release contains certain forward-looking statements. These
forward-looking statements, which are included in accordance with the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995, may
involve known and unknown risks, uncertainties and other factors that may
cause the Company's actual results and performance in future periods to be
materially different from any future results or performance suggested by the
forward-looking statements in this press release. Although the Company
believes the expectations reflected in such forward-looking statements are
based upon reasonable assumptions, it can give no assurance that actual
results will not differ materially from these expectations. Forward-looking
statements, which are based upon certain assumptions and describe future
plans, strategies and expectations of the Company, are generally identifiable
by use of the words "may," "will," "expect," "believe," "anticipate,"
"intend," "could," "estimate," "might," or "continue" or the negative or other
variations thereof or comparable terminology. Factors that could cause actual
results, events and developments to differ are included from time to time in
the Company's public reports filed with the Securities and Exchange
Commission. All forward-looking statements made herein are qualified by these
cautionary statements and there can be no assurance that the actual results,
events or developments referenced herein will occur or be realized. The
Company undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of unanticipated
events or changes to future operating results.

CONTACT: Analysts and Investors
         Jose I. Molina
         Vice President of Finance
         (305) 441-6901
        
         Analysts, Investors or Media
         Brad Edwards
         Brainerd Communicators, Inc.
         (212) 986-6667
 
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