PRESS RELEASE

November 4, 2013

Claro Communications has agreed to purchase radio station KKLF-AM licensed to Richardson, Texas from Joule Broadcasting, Inc.  Claro Communications is headed by Gerald Benavides who has other radio broadcasting interests in Corpus Christi, Alice and San Antonio, Texas.  Joule Broadcasting is headed by Eddie Esserman and has several other radio station interests held in a trust from Cumulus Broadcasting.  The purchase price is $1,250,000.*

Bill Whitley of our Dallas office served as the exclusive broker for the transaction representing the Seller.

* Pending FCC Approval