Convergent Broadcasting Completes Aquisition of WVOD-FM from Orbit Communications

FOR IMMEDIATE RELEASE

January 14, 2003

Convergent Broadcasting, LLC has closed on its purchase of radio station WVOD-FM, Manteo, NC, serving the Elizabeth City/Nags Head, NC, market from Orbit Communications, LLC, for $1.0 million.


The acquisition of WVOD-FM brings Convergent_s holdings in North Carolina_s Outer Banks area to three FM facilities. The company closed on its purchase of WYND-FM in Nags Head and WNHW-FM in Hatteras earlier this month.


George R. Reed and Eddie Esserman of Media Services Group, Inc._s Jacksonville office represented Orbit Communications, LLC, headed by Jennifer Frost, in this transaction.

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