Double O Radio Corp. Acquires WJES-FM from Breckenridge Bcstg

PRESS RELEASE
July 7, 2004

Double O Radio Corporation has agreed to purchase the assets of radio station WJES-FM, currently licensed to Saluda, SC, moving into the Columbia, SC metro market, from Breckenridge Broadcasting,  LLC, for $4.7 million.*

Breckenridge Broadcasting is headed by Mike Casey who has been in the radio business for 43 years.  Double O is headed by Chief Executive Officer, Terry Bond, whose 25 year radio career also included management responsibilities at Citadel and Roberts Radio.

Double O currently operates four radio stations in Panama City, Florida and is aggressively focused on acquisitions in small and medium markets across the country.  _WJES-FM is the first of several acquisitions soon to be announced.  The station is a very good fit for our future plans in Columbia, South Carolina,_ remarked Bond.  This acquisition represents Double O_s second Columbia station.

Casey said, _This is an excellent opportunity for Double O as well as me.  This deal gives Double O a two-station combo in the Columbia market and it will give me an opportunity to pursue other areas of interest._ 

George R. Reed represented the seller in this transaction.

* Pending FCC Approval

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