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(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 the
original date of March 31, 2005 to the later date of July 31, 2005 or within 5
days following the grant of an FCC Final Order.

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

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com for a variety of automobile-related
services, including car buying, car loans, insurance and automotive
maintenance tips," said Carol Thorp, Auto Club spokesperson.

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MacLaughlin.
In addition to the Los Angeles Superior Court Web site, Auto Club members
may link to traffic-ticket payment Websites for Orange, Riverside, San
Bernardino and Ventura counties.spanishbroadcasting.

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"Members already use http://www. After giving effect to the proposed
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 top rated Spanish-language radio station in
America.

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LOS ANGELES, Effective this week, the nearly six
million members of the Automobile Club of Southern California are able to pay
traffic tickets through the Auto Club Website: http: //www.org) offers English- and Spanish-language pages to
expedite traffic-ticket payments. is the largest Hispanic-controlled radio
broadcasting company in the United States. All statements contained in this press
release, other than statements of historical facts, are "forward-looking
statements " for purposes of these provisions.

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"This is a classic win-win project," said Los Angeles Superior Court
Presiding Judge William A.

Spanish Broadcasting System and Styles Media Group Enter Into Extension Agreement

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, Spanish
Broadcasting System, Inc.

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lasuperiorcourt.
In consideration for SBS entering into the extension agreement, Styles is
releasing to SBS an additional $14 million which, taken together with the
$6 million escrow released to SBS on February 18, 2005, represents an
aggregate of $20 million that will be retained by SBS and credited towards the
purchase price at closing.

About Spanish Broadcasting System
Spanish Broadcasting System, Inc.

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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. The Company also operates LaMusica.

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The new AAA service enables members to transact most of their traffic
matters online instead of traveling to courthouses in Los Angeles and four
other California counties.

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6 Million Auto Club Members Linked to Court's Traffic-Ticket Website

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.

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aaa. "Now they will
have the convenience of linking directly to court sites to take care of
traffic citations and other court-related matters," said Thorp.

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"There are minimal funds budgeted for
marketing Court programs and working with the Auto Club is a creative way to
inform millions of potential customers about the Court's online traffic
services," said MacLaughlin.

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Rescheduling a traffic court appearance and
enrolling in traffic school are among the Website's other popular options. Under the terms of the amendment, SBS may retain
the $20 million if the closing does not occur within the agreed extension
period.

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.

Websites in the English language that are mainly related to the Republic of Estonia.

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com.
The Los Angeles Superior Court's bilingual Website
(http://www. COCONUT GROVE, Fla.com, a bilingual Spanish-English
online site providing content related to Latin music, entertainment, news and
culture.