Cherry Creek Radio, LLC Acquires KKXK-FM,KUBC-AM,KBNG-FM from Woodland Communications

July 12, 2004

Cherry Creek Radio, LLC, headed by Joe Schwartz, has agreed to purchase the assets of radio stations KKXK-FM (94.1), KUBC-AM (580) and KBNG-FM (103.7), serving Montrose and Ridgway, CO from Woodland Communications, headed by Stephen Glasmann.*

Joe Schwartz, President and CEO of Cherry Creek Radio, said that, _The Western/Southwestern section of Colorado, including the cities of Montrose and Delta, are among the fastest growing communities in the state.  Steve Glasmann and his family have done a tremendous job building this cluster into the market leader, and we can only hope that we can continue to build on their success._

The deal includes a separate transaction for the real estate with the Glasmann Family Partnership.

Jody McCoy was the exclusive broker and represented the buyer in this transaction.

* Pending FCC Approval