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


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