Spanish Broadcasting System, Inc. (SBS) is a Spanish-language media and entertainment company with radio or television stations in the United States Hispanic markets, including Puerto Rico. The Company operates in two segments: radio and television. The Company's owned and operated radio stations serve markets representing approximately 35% of the United States Hispanic population, and its television operations serve markets representing over 3.5 million Hispanic households. The Company also owns 21 bilingual Websites, including www.LaMusica.com, an online destination and mobile application providing content related to Latin music, entertainment, news and culture. In addition, it produces live concerts and events in the United States and Puerto Rico. The Company's radio stations are located in Los Angeles, New York, Puerto Rico, Miami, Chicago and San Francisco. The Company's television stations and related affiliates operate under the MegaTV brand.