FOR IMMEDIATE RELEASE

January 13, 2004

SALE BY COURT APPOINTED RECEIVER

WJOB-AM, Hammond, IN and WIMS-AM, Michigan City, IN

Robert J. Maccini, the court-appointed receiver of the assets of St. George Broadcasting, LLC, the licensee of radio stations WJOB-AM, Hammond, Indiana and WIMS-AM, Michigan City, Indiana is entertaining offers for both radio stations.

Pursuant to court order, any interested party shall deliver a written offer to Mr. Maccini before 4:30 pm E.S.T. on January 30, 2004 at 170 Westminster Street, Suite 701, Providence, Rhode Island 02903 or via facsimile at 401.454.3131. Any offer shall provide for a total purchase price of $1,250,000 or more and be accompanied by a letter of credit in the amount of $1,200,000.

For a court-approved copy of the form purchase and sale agreement or for additional information, please contact Mr. Maccini.

Robert J. Maccini

Telephone: 401.454.3130

Fax: 401.454.3131

E Mail: [email protected]