south environment

is the largest Hispanic -controlled radio
broadcasting company in the United States.

Book + Companion CD include:

1.

geography environment

The Company's corporate site can be accessed
at http://www. All statements contained in this press
release, other than statements of historical facts, are "forward-looking
statements " for purposes of these provisions.com/cgi-bin/prnh/20040820/RESEARCH )
Russia: All 89 Regions Trade and Investment Guide is the most complete
compilation of economic data for all regions of Russia . Evans; Mr.

directories specific

and Puerto Rico.
With opening statements by Mr. Directories of regional information:
- Industry sectors
- Natural resources
- Goods manufactured
- Exported goods
- Imported goods

2.

transportation government

Wolfensohn, President of the World Bank; United States
Secretary of Commerce, Mr. Donald L.

culture directories

Under the
terms of the amendment, SBS may retain the entire $55 million if the closing
does not occur within the agreed extension period.

Styles Media Completes $120 million Acquisition

COCONUT GROVE, Fla. Jerry Jasinowski, President of
the US National Association of Manufacturers and Mr.

directories science

COCONUT GROVE, Fla. Hispanic markets.

com/reports/c14363) has announced the addition
of Russia: All 89 Regions Trade + Investment Guide to their offering.
Resolving the current difficulty in sourcing information about Russia's
vast regions: what they are, what they produce, what they can sell and what
they seek to buy, what investment opportunities the regions offer, The Guide
meets the information needs of business communities, governments and academic
circles throughout the world.

shopping places

The Company also operates
LaMusica.com
Fax: +353 1 4100 980

shopping culture

researchandmarkets.

south geography

The Company's
corporate website can be accessed at http://www.

specific transportation

(Nasdaq: SBSA) announced today that it has entered
into an amendment to its Asset Purchase Agreement with Styles Media Group for
the sale of SBS radio stations KZAB-FM and KZBA-FM (currently operating as
KDAY-FM and KDAI-FM), whereby the closing date will be extended from July 31,
2005 to no later than January 31, 2006.

SBS Consummates Sale of KDAY-FM and KDAI-FM

About Spanish Broadcasting System
Spanish Broadcasting System, Inc.com

regions culture

As announced on August 17, 2004, SBS entered into an asset purchase
agreement with Styles Media Group to sell the assets of radio stations KZAB-FM
and KZBA-FM, serving the Southern California market, for a cash purchase price
of $120 million.

About Spanish Broadcasting System
Spanish Broadcasting System , Inc.newscom. Addresses and Introductions

- Sergey Mironov
Speaker, Federation Council of Russian Federation
- James D.

guides transportation

The Company also produces live
entertainment concerts and events throughout the U.researchandmarkets.

america language

On July
13, 2005 the Company announced the acquisition of WDLP-TV, a full-power
television station serving South Florida. James D. Arkady Volski, President
of RSPP, the Guide's publishing date is January 2004. Information on each of the 89 regions of the Russian Federation:
republics, krays, oblasts, autonomous oblasts and autonomous districts

- Introduction by Head of Region
- Economic Map of Region
- General - Geography , climate, population
- Administration Contacts
- Economic Potential - GRP volume, industrial output, fuel and energy,
transportation, main natural resources
- Trade Opportunities - Main goods, main exports, main imports, major
regional import/export agencies
- Investment Environment- Capital investments, major enterprises, foreign
investment, most attractive industry sectors, existing legislation,
regional entities responsible for raising investments, regional and
federal economic and social development programs
- Regional Investment Projects

III.

informational culture

Styles Media has also agreed to make an additional payment of $20
million to SBS no later than two business days following the FCC renewal of
the station licenses, which is expected in early November, 2005.

Cautionary Statement Regarding Forward-Looking Statements: This press
release contains statements that are "forward-looking statements" within the
meaning of Section 27A of the Securities Act and Section 21E of the Securities
Exchange Act of 1934, as amended .spanishbroadcasting. DUBLIN, Ireland, Research and Markets
(http://www. Appendices

- Analysis of tax system
- Foreign investment legislation
- Banking system
- International and foreign financial institutions in the -Russian
Federation

For more information visit
http://www.com/reports/c14363

Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets.

businesses transportation

Spanish Broadcasting System and Styles Media Group Enter Into Extension Agreement

Styles will also continue
paying SBS a monthly TBA fee of $200,000 during the extension period.
The transaction, announced in the third quarter of 2004, was officially
consummated upon receipt of the final $65 million payment made by Styles
Media, in accordance with contractual terms agreed to by both parties. is the largest Hispanic-controlled radio
broadcasting company in the United States.

regional businesses

In consideration for SBS entering into the extension agreement , Styles is
releasing to SBS an additional $15 million which, taken together with the $14
million escrow released to SBS on March 31, 2005 and the $6 million escrow
released to SBS on February 18 , 2005, represents an aggregate of $35 million
that will be retained by SBS and credited towards the purchase price at
closing. Directory of companies
- Guide advertisers and sponsors by industry , product or service

Vital information for the Business Community inside the guide encompasses
the following:

I.

transportation places

, Spanish
Broadcasting System, Inc.spanishbroadcasting. Evans
Secretary, US Department of Commerce
- Jerry Jasinowski
President, National Association of Manufacturers
- Arkady Volski
President, Russian Union of Industrialists and Entrepreneurs

II.

Informational sites about local weather, history, education, geography, government , and science are also welcome.

regional directories

Russia: All 89 Regions Trade and Investment Guide provides a unique
collection of data, retrieved directly from local administrations and
governments, and reviewed and verified through government agencies. Wolfensohn
President, World Bank
- Donald L.

language regions

com.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy any security and shall not constitute an
offer, solicitation or sale in any jurisdiction in which such offering would
be unlawful., ("SBS"; Nasdaq: SBSA) announced today the
completion of its sale of radio stations KDAY-FM and KDAI-FM in Southern
California to Styles Media for $120 million.

Research and Markets: All 89 Regions Trade + Investment Guide - The Untapped Regions of Russia

chile specific

The Company also operates LaMusica.S.com, a bilingual Spanish-English online site providing content
related to Latin music, entertainment, news and culture.
(Logo: http://www. Sergey Mironov , Chairman of the Federation
Council; Mr.

This category is for English language sites providing information about the people, places, arts, culture, businesses, services, and organizations specific to Chile.

maps shopping

, Spanish
Broadcasting System, Inc. Upon the completion of all
previously announced transactions , SBS will own and operate 20 radio stations
located in the top Hispanic markets of New York, Los Angeles, Miami, Chicago,
San Francisco and Puerto Rico, including the #1 Spanish-language radio station
in America, WSKQ-FM in New York City, as well as 3 of the Top 4 rated radio
stations airing the Tropical, Regional Mexican, Spanish Adult Contemporary and
Hurban format genres and the highest billing Latino-formatted stations in each
of the three largest U. Directory of investment projects
- Project description by industry
- Goods or services to be produced
- Amount and term of investment

3.

transportation culture

com, a bilingual
Spanish-English online site providing content related to Latin music,
entertainment, news and culture.S.

media regional

After giving effect to a pending
divestiture , the Company will own and operate 20 radio stations in the top
Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and
Puerto Rico, including the #1 Spanish-language radio station in America, WSKQ-
FM in New York City.

regions environment

A functional research
resource, The Guide consists of a soft cover book and a companion CD-ROM.