PRESS RELEASE

January 22, 2010

Carroll County Broadcasting has completed the acquisition of the assets of radio station KAKS-FM, serving Fayetteville, Arkansas from Davidson Media Arkansas Stations LLC. Felix Perez is the CEO of the Seller, and Jay Bunyard is the President of the Buyer. Both Buyer and Seller have multiple other broadcast properties. The purchase price is $1,110,000.

Bill Whitley of Media Services Group’s Dallas office served as the exclusive broker for this transaction and represented the buyer.