Spanish Broadcasting System, Inc. is the largest Hispanic radio broadcasting company in the United States. Spanish Broadcasting currently owns and/or operates 27 stations in seven of the top-ten U.S. Hispanic markets, including Los Angeles, New York, Puerto Rico, Miami, Chicago, San Francisco and San Antonio. The Company also operates LaMusica.com, a bilingual Spanish-English Web site providing content related to Latin music, entertainment, news and culture. SBS was founded in 1983 and incorporated in the State of Delaware in 1994. Since our formation, through top-ten market acquisitions, an intense focus on programming, promotions and successful cost management, we have grown into the nation’s largest Hispanic radio broadcaster. We are committed to creating value for our shareholders by growing our ratings and revenue share across all of our markets.