MIAMI, March 27, 2012 /PRNewswire/ -- Spanish Broadcasting System, Inc. (SBS) (NASDAQ: SBSA) is pleased to announce that our President and CEO Mr. Raul Alarcon Jr. will be honored at the American Cancer Society Annual Gala as the 2012 Gala Honoree for his continuous support to our community on Saturday April 21st, 2012 at the InterContinental Miami . Mr. Raul Alarcon, Jr. joined in 1983 Spanish Broadcasting System, Inc (SBS) as an account executive and has been the President and director since October 1985 and Chief Executive Officer since June 1994. On November 2, 1999, Mr. Alarcon, Jr. became the Chairman of the board of directors and continues as the Chief Executive Officer and President. Currently, Mr. Alarcon, Jr. is responsible for the long-range strategic planning and operational matters and is instrumental in the acquisition and related financing of each of our stations. Mr. Alarcon, Jr. is the son of Pablo Raul Alarcon, Sr. "To be recognized by the American Cancer Society is an honor which I would like to share with the millions of Hispanic entrepreneurs in America who are transforming our economy," says Mr. Alarcon . "I am grateful and proud to represent the interests of the growing Hispanic business community around the nation." The charismatic President, CEO, and Chairman of Spanish Broadcasting System, Inc., which owns and operates 21 Spanish-Language radio stations in the top Latin markets in the United States, has continued to expand the company's reach with the growth of SBS Entertainment and MegaTV. The prestigious award highlights Mr. Alarcon's strategic vision of integrating radio, television, entertainment and online properties to seek out growth opportunities with a clear eye on capturing the U.S. Hispanic consumer. Over seven-hundred influential leaders of Miami's social and corporate communities are expected for a night of elegance, exquisite food, and live entertainment. Chairpersons for this year's black-tie fundraiser are Lourdes and Felipe Valls of Valls Group and Co-Chairs are Madeleine and Pedro Munilla of MCM Corp. Marile and Jorge Luis Lopez of Jorge Luis Lopez Law Firm will serve as Honorary Co-Chairs. This year's presenting sponsor is Florida Healthcare Plus. The American Cancer Society is a nationwide community-based voluntary health organization dedicated to eliminating cancer as a major health problem by preventing cancer, saving lives and diminishing suffering from cancer, through research, education, advocacy, and service. SBS congratulates our President and CEO, and honors his achievements in Hispanic Radio. 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. About American Cancer Society. Together with our millions of supporters, the American Cancer Society saves lives and creates more birthdays by helping people stay well and get well, by finding cures, and by fighting back.