SBS DeListed By NASDAQ

Spanish Broadcasting System, Inc. announced Thursday that its shares of common stock began trading on the OTCQX® Best Market. The shares are trading on the OTCQX under the symbol “SBSAA”.

On January 17, 2017, the Company received a letter from The NASDAQ Stock Market LLC notifying the Company that based upon the Company’s continued non-compliance with the NASDAQ rule requiring that the minimum market value of its common stock exceed $15 million, the Company’s securities would be suspended from NASDAQ effective with the open of business on January 19, 2017, pending ultimate delisting.

The Company will continue to file periodic and other required reports with the Securities and Exchange Commission under applicable federal securities laws.