Cumulus Broadcasting Completes Aquisition of WKQB-FM from Muirfield Broadcasting

FOR IMMEDIATE RELEASE

May 18, 2001

Cumulus Broadcasting, Inc.(CMLS) has closed on its purchase of the assets of WKQB-FM, Southern Pines-Fayetteville, North Carolina from Muirfield Broadcasting, Inc. for $6.150 million cash.

Mitt Younts initiated this transaction and assisted the Seller, Muirfield Broadcasting, Inc., in the negotiations.

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