13G Filing: Third Avenue Management and Spanish Broadcasting System Inc (SBSA)

Page 2 of 2 – SEC Filing

Item 1.
(a) Name of Issuer: Spanish Broadcasting System, Inc.
(b) Address of Issuer’s Principal Executive Offices: 7007 NW 77th Ave. Miami, FL
Item 2.
(a) Name of Person Filing:  Third Avenue Management LLC (“TAM”).
 (TAM is sometimes referred to hereinafter as Filer)
(b) Address of Principal Business Office or, if none, Residence:
622 Third Avenue, 32nd Floor, New York, NY 10017.
(c) Citizenship: United States of America.
(d) Title of Class of Securities: Common Stock, $.0001 Par Value
(e) CUSIP Number: 846425833
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) [   ]

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

(b) [   ]

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

(c) [   ]

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

(d) [   ]

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

(e) [X] An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f) [   ]

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

(g) [   ]

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

(h) [   ]

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

(i) [   ]

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) [   ] Group, in accordance with §240.13d-1(b)(1)(ii)(J).
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 owned: 0
(b) Percent of class: 0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 0
(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 [X].

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

Not applicable.

Item 8. Identification and Classification of Members of the Group

Not applicable.

Item 9. Notice of Dissolution of Group

Not applicable.

Item 10. Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.



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

May 10, 2017


W. James Hall

General Counsel

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