Spanish Broadcasting System Names Richard D. Lara as Executive Vice President and General Counsel

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Spanish Broadcasting System, Inc., the largest publicly-traded Hispanic-controlled media and entertainment company in the United States, today named Richard D. Lara as the Company’s Executive Vice President and General Counsel.

In his new role, Lara is responsible for all legal matters at SBS, including developing and implementing the Company’s legal strategy. He will report directly to Raúl Alarcón, Chairman, CEO and President of SBS.

“Richard is a premier legal executive and will play a critical role on our leadership team and within the organization,” said Mr. Alarcón. “His expertise and leadership will benefit SBS given his deep industry experience and legal knowledge. We look forward to Richard’s many contributions as we continue executing our multi-platform strategy and positioning SBS for growth over the long-term.”

“I am grateful and excited to join an organization that is dedicated to delivering leading news, entertainment and information to diverse audiences through multiple platforms across the nation,” said Mr. Lara. “I look forward to working with the entire team at SBS to build upon the company’s history of success by developing strategic growth opportunities that will drive our business.”

As General Counsel, Lara will oversee the Legal and Corporate Affairs Department, which will include: Legal and Business Affairs, Corporate Compliance, Government Relations, Corporate Social Responsibility, Community Empowerment, Standards and Practices, Advertising Review and Compliance and Corporate-PLA Services.

Mr. Lara’s trial and arbitration experience is broad and substantial. For over two decades, he has counseled domestic and international corporate clients regarding business disputes, including serving as lead litigator in high-stakes trials both in the federal and state courts. His expertise also includes handling disputes brought under Florida’s Deceptive and Unfair Trade Practices Act, the Fair Labor Standards Act, Title VII, the Jones Act, and Florida’s Whistleblower Act.

About Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. owns and operates 17 radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Spanish Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Latin Rhythmic format genres. SBS also operates AIRE Radio Networks, a national radio platform which creates, distributes and markets leading Spanish-language radio programming to over 100 affiliated stations reaching 90% of the U.S. Hispanic audience. SBS also owns 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 multiple bilingual websites, including www.LaMusica.com, an online destination and mobile app providing content related to Latin music, entertainment, news and culture. For more information, visit us online at www.spanishbroadcasting.com.

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