On June 1, SBS won stockholder authorization to repair a sagging share price by engineering a reverse split of somewhere between 1-for-5 and 1-for-10. Today CEO Raul Alarcon reveals that the Miami-based company is choosing the option that would create the highest potential price, post-split. Each block of ten current shares will turn into one share of the common stock, with no fractional shares issued. Stockholders will be hearing from Broadridge Corporate Issuer Solutions about the change. The technical action will take effect tonight at 11:59pm Eastern time and be effective with the opening of trading tomorrow morning. For the next 20 days, the "SBSA" stock symbol will carry an additional letter "D", to denote the reverse split. In order to maintain a continued listing on NASDAQ, Spanish Broadcasting System must close at $1 or higher for ten consecutive business days prior to July 31. Today (7/11), the stock finished at 66 cents, down a penny.