Amigo Broadcasting Aquires KHHL-FM from Shamrock Communications

FOR IMMEDIATE RELEASE

January 30, 2002

Amigo Broadcasting has agreed to purchase the assets of radio station KHHL-FM, Austin, TX, from Shamrock Communications for $22.0 million.*

Mark Rodriguez heads up Amigo Broadcasting and William Lynett heads up Shamrock Communications.

William L. Whitley represented the Buyer in this transaction.

* Pending FCC Approval

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