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Spanish Broadcasting System, Promotes Richard Lom To Vice President Of SBS Entertainment

In the news release, Spanish Broadcasting System, promotes Richard Lom to Vice President of SBS Entertainment, issued May 22, 2012 by Spanish Broadcasting System, Inc. over PR Newswire, we are advised by the company that the first paragraph, fourth sentence, should read " Albert Rodriguez, Chief Operating Officer of SBS" rather than " Albert Rodriguez, Chief Revenue Officer of SBS's Consolidated Operations" as originally issued inadvertently. The complete, corrected release follows:

Spanish Broadcasting System, promotes Richard Lom to Vice President of SBS Entertainment

MIAMI, May 22, 2012 /PRNewswire/ --  Spanish Broadcasting System Inc., (SBS) (Nasdaq: SBSA) announced today the promotion of Mr. Richard Lom to Vice-President of SBS Entertainment. In this new role, Richard will oversee all aspects of the daily operations, live concerts, worldwide management, new TV development, marketing and partnerships, worldwide booking, new business development and Interactive for the SBS Entertainment business unit. He will report to Albert Rodriguez, Chief Operating Officer of SBS and will be based in Miami, Florida.

"We are thrilled to have Richard's passion for music and innovation with us," said Albert Rodriguez , COO of SBS. "His entrepreneurial approach will be a huge benefit to SBS Entertainment, and most of all, to our expanding audience."

"We are proud to have Richard Lom as part of SBS' management team," said Lucas Pina, Sr. VP of SBS Entertainment. "Richard has been with SBS Entertainment for over six years with a proven record of success and we are excited to have him lead in this new capacity," stated Mr. Pina.

"Over the past four years, SBS Entertainment has become an important player in live entertainment in the US and Puerto Rico, said Lom . "I'm very appreciative of this opportunity and excited at the prospects for the company. SBS Entertainment is positioned for growth and it's my responsibility to translate that growth to a superlative level of profitability and we have a dedicated, highly competent team in place here at SBS which is eager to make their mark. Expect big things," stated Mr. Lom

Prior to this role, Lom was Director of SBS Entertainment. He joined SBS Entertainment in 2007 where he also served as Financial and Administrative Director. Prior to joining SBSE, Richard was director of Finance for boutique Latin record label, Ole Music until 2007. From 2001 to 2003 he worked as Licensing Manager for publisher Ventura Music Group.

His unique blend of entertainment business expertise and love of live music has made him an ideal fit for SBSE's 360.

Mr. Lom is a graduate of Florida International University, with a BA degree in Business Administration.

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