MIAMI, Dec. 20, 2016 /PRNewswire/ -- Spanish
Broadcasting System, Inc. (SBS) (NASDAQ: SBSA), the largest
publicly-traded Hispanic-controlled media and entertainment company
in the United States, today named
Richard D. Lara as the Company's
Executive Vice President and General Counsel.
In his new role, Lara is responsible for all legal matters at
SBS, including developing and implementing the Company's legal
strategy. He will report directly to Raúl Alarcón, Chairman, CEO
and President of SBS.
"Richard is a premier legal executive and will play a critical
role on our leadership team and within the organization," said Mr.
Alarcón. "His expertise and leadership will benefit SBS given
his deep industry experience and legal knowledge. We look forward
to Richard's many contributions as we continue executing our
multi-platform strategy and positioning SBS for growth over the
long-term."
"I am grateful and excited to join an organization that is
dedicated to delivering leading news, entertainment and information
to diverse audiences through multiple platforms across the nation,"
said Mr. Lara. "I look forward to working with the entire team at
SBS to build upon the company's history of success by developing
strategic growth opportunities that will drive our business."
As General Counsel, Lara will oversee the Legal and Corporate
Affairs Department, which will include: Legal and Business Affairs,
Corporate Compliance, Government Relations, Corporate Social
Responsibility, Community Empowerment, Standards and Practices,
Advertising Review and Compliance and Corporate-PLA Services.
Mr. Lara's trial and arbitration experience is broad and
substantial. For over two decades, he has counseled domestic and
international corporate clients regarding business disputes,
including serving as lead litigator in high-stakes trials both in
the federal and state courts. His expertise also includes
handling disputes brought under Florida's Deceptive and Unfair Trade Practices
Act, the Fair Labor Standards Act, Title VII, the Jones Act, and
Florida's Whistleblower
Act.
Prior to serving as Executive Vice President and General Counsel
for SBS, Lara practiced law at Mase Lara, P.A., a boutique trial
law firm based in Miami, where he
concentrated primarily on complex civil and commercial litigation.
Richard was co-owner and managing shareholder at Mase Lara. He
frequently appeared on televised news and programs to provide legal
commentary.
In addition, Mr. Lara is an active member of various community
organizations, including serving as current Commissioner of the
Judicial Nominating Commission for Florida's Third District Court of Appeal
(appointed by Florida Governor
Rick Scott), member of the American
Inns of Court, the Cuban American Bar Association, the Florida
Bar's Professionalism Committee, Ethics Committee, and Consumer
Protection Law Committee, "Man of the Year" for the Leukemia &
Lymphoma Society, and former Chair of the 11th Judicial
Circuit Grievance Committee for the Florida Bar.
Mr. Lara received his law degree from Boston College Law School and was awarded his
undergraduate degree from the University of
Michigan. Mr. Lara is fluent in Spanish.
About Spanish Broadcasting System, Inc.
Spanish Broadcasting System, Inc. owns and operates 17 radio
stations located in the top U.S. Hispanic markets of New York, Los
Angeles, Miami,
Chicago, San Francisco and Puerto Rico, airing the Spanish Tropical,
Regional Mexican, Spanish Adult Contemporary, Top 40 and Latin
Rhythmic format genres. SBS also operates AIRE Radio Networks, a
national radio platform which creates, distributes and markets
leading Spanish-language radio programming to over 100 affiliated
stations reaching 90% of the U.S. Hispanic audience. SBS also
owns MegaTV, a television operation with over-the-air, cable and
satellite distribution and affiliates throughout the U.S. and
Puerto Rico. SBS also produces
live concerts and events and owns multiple bilingual websites,
including www.LaMusica.com, an online destination and mobile app
providing content related to Latin music, entertainment, news and
culture. For more information, visit us online at
www.spanishbroadcasting.com.
This press release contains certain forward-looking
statements. These forward-looking statements, which are
included in accordance with the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, may involve known
and unknown risks, uncertainties and other factors that may cause
the Company's actual results and performance in future periods to
be materially different from any future results or performance
suggested by the forward-looking statements in this press release.
Although the Company believes the expectations reflected in such
forward-looking statements are based upon reasonable assumptions,
it can give no assurance that actual results will not differ
materially from these expectations. Forward-looking
statements, which are based upon certain assumptions and describe
future plans, strategies and expectations of the Company, are
generally identifiable by use of the words "may," "will," "expect,"
"believe," "anticipate," "intend," "could," "estimate," "might," or
"continue" or the negative or other variations thereof or
comparable terminology. Factors that could cause actual
results, events and developments to differ are included from time
to time in the Company's public reports filed with the Securities
and Exchange Commission. All forward-looking statements made herein
are qualified by these cautionary statements and there can be no
assurance that the actual results, events or developments
referenced herein will occur or be realized. The Company undertakes
no obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results.
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SOURCE Spanish Broadcasting System, Inc.