FOR IMMEDIATE RELEASE

October 27, 2003

Educational Media Foundation has agreed to purchase the assets of radio station KDJZ-FM, licensed to Harwood, ND and serving the Fargo, ND/Moorhead, MN market from Tom Ingstad North Dakota Broadcasting, LLC. for $750,000. *

Jody McCoy of Media Services Group is the exclusive broker in this transaction.

* Pending FCC Approval