Cherry Creek Radio Completes Acquisition of Southwestern Utah Radio/LPTV Cluster from MB Media Group

May 10, 2006

Cherry Creek Radio, LLC has completed its acquisition of the assets of radio stations KSUB-AM, KNNZ-AM, KXFF-FM, KXBN-FM and KMXM-FM as well as Low Power TV stations KDLQ-LPTV, KDLU-LPTV, KMBU-LPTV and KVBT-LPTV from MB Media Group, Inc. for $5.8 million. 

The cluster of Radio/LPTV stations in Southwestern Utah serves one of the fastest growing markets _ St. George/Cedar City in the intermountain region.

Cherry Creek Radio, headed by Joe Schwartz, entered into an LMA Agreement on the stations commencing October 1, 2005.

Jody McCoy of Media Services Group_s Colorado Springs office and Greg Merrill represented the seller.