SPANISH BROADCASTING/ MARIA ALARCON SC 13G

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934*

SPANISH BROADCASTING SYSTEM, INC.

(Name of Issuer)

Class A Common Stock, par value $.0001 per share

(Title of Class of Securities)

846425-86-6

(Cusip Number)

January 30, 2004

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1 (b)

x Rule 13d-1 (c)

o Rule 13d-1 (d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the notes).

13G

CUSIP No. 846425-86-6 Page 2

1. Name of Reporting Person:
MARIA ALARCON I.R.S. Identification Nos. of above persons (entities only):

2. Check the Appropriate Box if a Member of a Group:

(a) x

(b) o

3. SEC Use Only:

4. Citizenship or Place of Organization:
United States

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

5. Sole Voting Power:
2,500,000

6. Shared Voting Power:
0

7. Sole Dispositive Power:
2,500,000

8. Shared Dispositive Power:
0

9. Aggregate Amount Beneficially Owned by Each Reporting Person:
2,500,000

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o

11. Percent of Class Represented by Amount in Row (9):
6.7%

12. Type of Reporting Person:
IN

Item 1.


(a)		Name of Issuer:

		Spanish Broadcasting System, Inc.

(b)		Address of Issuer’s Principal Executive Offices:

		2601 South Bayshore Drive, PH II Coconut Grove, FL 33133

Item 2.


(a)		Name of Persons Filing:
		Maria Alarcon

(b)		Address of Principal Business Office or, if none, Residence:
		The address of the principal office of Ms. Alarcon is:
		c/o Melvyn R. Frumkes & Associates, P.A. 300 North Biscayne Boulevard, Suite 1607 Miami, Florida 33132

(c)		Citizenship:

		Ms. Alarcon is a United States citizen

(d)		Title of Class of Securities:

		Class A Common Stock, par value $.0001 per share (the “Shares”)

(e)		CUSIP Number:

		846425-86-6

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:


(a)	o	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)	o	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)	o	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)	o	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)	o	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

Page 3


(f)	o	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)	o	A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);


(h)	o	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)	o	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)	o	Group, in accordance with §240.13d-1(b)(1)(ii)(G).

Item 4. Ownership:

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.


(a)		Amount beneficially owed: 2,500,000

(b)		Percent of class: 6.7%

(c)		Number of shares as to which the person has:


		(i)		Sole power to vote or to direct the vote: 2,500,000

		(ii)		Shared power to vote or to direct vote: 0

		(iii)		Sole power to dispose or to direct the disposition of: 2,500,000

		(iv)		Shared power to dispose or to direct the disposition of: 0

Item 5. Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.

Item 6. Ownership of More than Five Percent on Behalf of Another Person:

Not Applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:

Not Applicable.

Item 8. Identification and Classification of Members of the Group:

Not Applicable.

Page 4

Item 9. Notice of Dissolution of Group:

Not Applicable.

Item 10. Certification:

By signing below the undersigned certify that, to the best of the undersigned’s knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Page 5

SIGNATURES

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Date: March 17, 2004 /s/ Maria Alarcon
Maria Alarcon

Page 6


13G
CUSIP No. 846425-86-6					Page 2

	1.	Name of Reporting Person: MARIA ALARCON			I.R.S. Identification Nos. of above persons (entities only):

	2.	Check the Appropriate Box if a Member of a Group:
		(a)	x
		(b)	o

	3.	SEC Use Only:

	4.	Citizenship or Place of Organization: United States

Number of Shares Beneficially Owned by Each Reporting Person With
			5.	Sole Voting Power: 2,500,000

			6.	Shared Voting Power: 0

			7.	Sole Dispositive Power: 2,500,000

			8.	Shared Dispositive Power: 0

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person: 2,500,000

	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares: o

	11.	Percent of Class Represented by Amount in Row (9): 6.7%

	12.	Type of Reporting Person: IN


Item 3.	If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:


Item 6.	Ownership of More than Five Percent on Behalf of Another Person:


Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:


Item 8.	Identification and Classification of Members of the Group: