MIAMI — With the recent departure of Albert Rodriguez as President/Chief Operating Officer from Spanish Broadcasting System, determining who would serve as the day-to-day leader of the company’s media properties became a key question.
Late Monday, the company’s Board of Directors found its answer by voting to name SBS’s founder and chairman its corporation President.
For Raúl Alarcón Jr., who created SBS in 1983 with the acquisition of WVNJ-AM in Secaucus, N.J. after Malrite Communications successfully acquired the FM that is today “Z100,” it is a return to an oversight role he last held perhaps seven years ago.
SBS’s media assets include radio stations in the Florida markets of Miami-Fort Lauderdale, Orlando and Tampa; Puerto Rico; New York; Los Angeles; Chicago; and San Francisco. It also remains the owner of the Mega TV operation, as a planned sale to VOZ Media was unable to close due to financial concerns tied to that company.
In a brief statement, SBS said that Alarcón’s “successful launch of Spanish Broadcasting System as a dominant radio broadcasting company close to four decades ago and his ability to manage the company, its sales organization and on-air talent with intimate knowledge of the company and the competitive radio industry, make this action a logical choice for the Board to ensure continuity and continued success.”
The company also said it is analyzing “strategic internal moves to strengthen the organization and continue to deliver for its listeners, advertisers and investors.”