Chapter 11 Bankruptcy Auction of Phoenix and Denver AM Stations

PRESS RELEASE
March 31, 2009

Jody McCoy of Media Services Group has been directed to conduct an auction for radio stations KNUV 1190 AM Phoenix and KNRV 1150 AM Denver. The licensee of the stations, New Radio Venture, Inc., will enter into an asset purchase agreement with a financially qualified bidder(s) submitting the highest bid. Bids will be considered for the stations separately or together. All bids must be accompanied with a letter of credit for $100,000 and a third party representation (bank) of capability to close the proposed transaction at the bid price.
 
Details of the KNRV Denver/KNUV Phoenix offerings and the bid process can be accessed at:

msgdeals.com
Username:  Auction
Password:  AM

McCoy will be available to meet in person with interested parties at the NAB convention in Las Vegas, April 20-21, 2009.

All bids are due in McCoy’s office by 12 PM MDST on Thursday, April 30, 2009.

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