Cumulus Media Completes Acquisition of KFRU-AM, KBXR-FM, KOQL-FM, KPLA-FM, KLIK-AM, KBBM-FM and KJMO-FM from Premier Marketing Group

PRESS RELEASE

March 7, 2005

Cumulus Media Inc. has completed its acquisition of radio stations KFRU-AM, KBXR-FM, KOQL-FM and KPLA-FM serving Columbia, MO and KLIK-AM, KBBM-FM and KJMO-FM serving Jefferson City, MO from Premier Marketing Group for $38.75 million.

The stations have been operated under the terms of a local marketing agreement that commenced March 1, 2004.

George R. Reed represented the seller in this transaction.

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