Spanish Broadcasting System Regains Compliance With NASDAQ Minimum Bid Price Rule

COCONUT GROVE, Fla., May 5, 2010 (GLOBE NEWSWIRE) — Spanish Broadcasting System, Inc. (the “Company” or “SBS”) (Nasdaq:SBSA) today announced that it has been informed by The NASDAQ Stock Market that it is in compliance with the $1.00 minimum closing bid price requirement for continued listing on The NASDAQ Global Market.