FOR IMMEDIATE RELEASE

October 29, 2003

AUCTION BY COURT APPOINTED RECEIVER

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

An auction of the assets of St. George Broadcasting, LLC, the licensee of radio stations WJOB-AM, Hammond, IN and WIMS-AM, Michigan City, IN is currently scheduled be held on December 8, 2003 at 2:00 pm in Lake County Superior Court in Crown Point, IN.

All offers in excess of $1,250,000 will be considered and the assets will be sold to the highest and best bidder(s), subject to approval of the Court, and the FCC, following the auction. For additional information regarding the stations, assets to be sold and the necessary requirements to participate in the auction please contact:

Robert J. Maccini

Tel: (401) 454-313

E-mail: [email protected]