Appaloosa Broadcasting Acquires KRAE, KRRR, KREO from Mountain States Radio

FOR IMMEDIATE RELEASE

March 24, 2004

Under an LMA Agreement, which began on March 22, 2004, Appaloosa Broadcasting, a division of Northeast Broadcasting Company, has agreed to purchase the assets of radio stations KRAE-AM and KRRR-FM, licensed to Cheyenne, WY and KREO-FM, licensed to Pine Bluffs, WY, from Mountain States Radio for $2.25 million. *


Jody McCoy was the exclusive broker in this transaction.

* Pending FCC Approval

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