Citadel Broadcasting Corporation Acquires WKSY-FM from Guaranty Broadcasting Company

May 20, 2005

Citadel Broadcasting Corporation has agreed to purchase the assets of radio station WKSY-FM, licensed to Picayune, Mississippi, serving New Orleans, from Guaranty Broadcasting Company, for $7.5 million.*

George R. Reed represented the seller in this transaction.

* Pending FCC Approval