Appaloosa Broadcasting Completes Acquisition of KRRR-FM, KRAE-AM, KREO-FM from Mountain States Radio, Inc

PRESS RELEASE
July 16, 2004

Appaloosa Broadcasting, Inc. has completed its acquisition of radio stations KRRR-FM (104.9) and KRAE-AM (1480), both licensed to Cheyenne, WY and KREO-FM (105.3), licensed to Pine Bluffs, WY, from Mountain States Radio, Inc. for $2.2 Million.

Jody McCoy was the exclusive broker representing the seller in this transaction.