USHCC Names Spanish Broadcasting System Chairman, President & CEO Raúl Alarcón “2019 Businessperson of the Year”

Raúl Alarcón, Chairman and CEO of Spanish Broadcasting System (“SBS”) (OCTQX: SBSAA) received the U.S. Hispanic Chamber of Commerce’s (USHCC) 2019 Hispanic Businessperson of the Year Award. Hundreds of Hispanic business, corporate and community leaders from across the U.S. attended the awards’ gala event, which took place at the USHCC’s 40th Anniversary National Convention in Albuquerque, New Mexico. The award was presented by international top-selling artist Prince Royce who dedicated emotional words to the media mogul.

Every year, the USHCC recognizes an entrepreneur who exemplifies the best of America’s business community through their outstanding leadership, pioneering spirit and social and economic contributions.

The USHCC National Convention is the largest networking venue for Hispanic businesses in America. For over a generation, the USHCC has served as the nation’s leading Hispanic Business organization and worked to bring more than 4.37 million Hispanic owned businesses to the forefront of the national economic agenda. The National Convention brings together Hispanic business owners, corporate executives and members of more than 200 local Hispanic chambers of commerce from across the country. It offers the opportunity to establish strategic long-lasting business partnerships, through dialogue, networking, workshops, and more.

Raúl Alarcón has become a key player for Latinos in Hispanic Radio and across digital media.. The charismatic CEO and Chairman of SBS oversees 17 Spanish-Language radio stations in the top Latin markets in the US and has extended that leadership into digital through its LaMusica app, currently the #1 ranked Hispanic streaming site and top Hispanic radio app.

The award highlights Mr. Alarcón’s strategic vision of integrating radio, television, entertainment and online/digital properties to capture growth opportunities with a clear eye on engaging the U.S. Hispanic consumer.

“Raúl Alarcón is a steadfast businessmen whose company continues to reach new heights and he inspires business leaders everywhere, especially in the media field,” said Ramiro Cavazos, the President and Chief Executive Officer of the United States Hispanic Chamber of Commerce. “We are proud to recognize him as the 2019 Businessperson of the Year on our 40th Anniversary USHCC National Convention.”

“I am incredibly honored to receive this award from the USHCC – an organization that does so much to support Hispanic entrepreneurs across our country,” said Raúl Alarcón Chairman, President & CEO of SBS. “As an immigrant from Cuba, this is proof that the U.S. is truly the land of opportunity, where we can live the American Dream through hard work, a clear vision and the support of amazing organizations like the USHCC.”

Raúl Alarcón Jr., joined SBS in 1983 as an Account Executive and has been President and Director since October 1985 and Chief Executive Officer since June 1994. On November 2, 1999, Mr. Alarcón, became Chairman of the Board of Directors and continues as Chief Executive Officer and President. Currently, Mr. Alarcón is responsible for SBS’ long-range strategic planning and operational matters and is instrumental in the acquisition and related financing of each SBS station.

Raúl Alarcón represents examples of the tremendous world-class talent that has emerged from the Hispanic community to serve in top leadership roles across all parts of America.