SPANISH BROADCASTING SYSTEM WINS THREE “MEDALLAS DE CORTEZ” AWARDS FROM RADIO INK

*ALBERT RODRIGUEZ "BROADCASTER OF THE YEAR" BY RADIO INK MAGAZINE.*

ALBERT RODRIGUEZ WINS “BROADCASTER OF THE YEAR AWARD”; WXDJ-FM EL ZOL 106.7FM MIAMI- FT. LAUDERDALE TAKES “STATION OF THE YEAR” ACCOLADE. ARTURO SOSA WINS BIG “PROGRAM DIRECTOR OF THE YEAR”

*SBS EXECUTIVES & TALENT WITH THE "MEDALLAS DE CORTEZ" AWARDS, JESUS SALAS, ALEX SENSATION, ALBERT RODRIGUEZ.*

Miami, FL. (March 5, 2015)---Spanish Broadcasting System, Inc. (SBS) (Nasdaq:SBSA) today announced that it was honored with three Medallas de Cortez Awards at the Hispanic Radio Awards hosted byRadio Ink in Dallas Texas. SBS's Albert Rodriguez, the COO was honored with the "Broadcaster of the Year" award and EL ZOL 106.7FM WXDJ-FM received the "Station of the Year" accolade.Program Director (PD) Arturo Sosa, from WSKQ-FM Mega 97.9FM & Amor 93.1FM, received the "Program Director of the Year” award.

SBS winners for the 2015 Medallas de Cortez Awards are:

· Broadcaster of the Year: Albert Rodriguez – Spanish Broadcasting System, Inc.

· Station of the Year: WXDJ-FM- El Zol 106.7FM- Miami- Spanish Broadcasting System, Inc.

· Program Director of the Year: Arturo Sosa- WSKQ-FM- Mega 97.9FM- New York- Spanish Broadcasting System, Inc.

Key members of SBS were present among the prestigious group of speakers and panelists speaking at the event including Jesus Salas, Executive Vice President of SBS- Multiplatform Coordinator, respected DJ Personality Alex Sensation, Jack Hobbs VP of Aire Radio Networks (SBS) celebrating our bing wins and discussing the future of radio in the diverse panels in which they participated.

*ERIC RHOADS FROM RADIO INK PRESENTING "BROADCASTER OF THE YEAR" TO ALBERT RODRIGUEZ FROM SBS.*

*JESUS SALAS RECEIVES "STATION OF THE YEAR" AWARD FOR EL ZOL 106.7FM*

*THE OFFICIAL PHOTO FROM RADIO INK FOR 2015 MEDALLAS DE CORTEZ WINNERS. IN THE PICTURE EXECUTIVES ALBERT RODRIGUEZ, JESUS SALAS, ALEX SENSATION.*

"SBS has a long history of providing the best content to our listeners and, with stations in the top 50 fastest growing U.S. Hispanic markets, we are well positioned to continue to entertain and inform Hispanic audiences for years to come," said Albert Rodriguez, COO of SBS. "We are thrilled to be honored among this prestigious group of Spanish-language broadcasters. Congratulations to the entire SBS Radio Division, Arturo Sosa, and the staff of WXDJ-FM EL ZOL 106.7FM, as well as all of our stations and employees who were nominated this year. We are proud of all of their hard work, dedication and service to our local communities."

“Being awarded three Medallas de Cortez’s is a testament to the dedication of our SBS team who delivers the best in the market each day. Our team continues to produce quality radio and I am proud of their untiring commitment to keeping our community informed and entertained,” said Jesus Salas Executive Vice President- Multiplatform coordinator of SBS. “We were pleased with receiving a record number of nominations, and now we are truly honored by receiving 3 plaques, including the prestigious “Broadcaster of the Year” and “Station of the Year” award. Special thank you’d to Radio Ink Magazine.”

“On behalf of our SBS Radio family, I am proud to congratulate Albert Rodriguez, Jesus Salas, Arturo Sosa, Alex Sensation, the entire El ZOL 106.7 family, Mega 97.9, and 93.1 Amor here in NY for the dedication and involvement in our industry, and community,” said Eric Garcia Revenue Chief & SBS New York General Manager. “Our voice, commitment and charisma have been an integral part of our efforts to serve the passion points of U.S. Hispanics across all of our markets.”

The Medallas de Cortez awards were created by Radio Ink Magazineto recognize outstanding achievements and leadership in the Hispanic radio marketplace. The awards are named after Raoul Cortez, a pioneer in Hispanic radio in America.

The Hispanic Radio Awards were held as part of Radio Ink's Hispanic Radio Conference, in Dallas Texas.

*JUANES WITH SBS EXECUTIVE ALBERT RODRIGUEZ*

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 atwww.spanishbroadcasting.com.

About Radio Ink Magazine

Radio Ink Magazine is the radio broadcasting industry’s premier management and marketing trade magazine. Radio Ink is published by Boynton Beach, Florida-based Streamline Publishing, Inc. The bi-monthly magazine celebrated its 20-year anniversary in 2012. For more information, visit www.radioink.com.