Four R Broadcasting Inc. Completes Acquisition of KDCD-FM and KMDX-FM from Regency Broadcasting Inc.

PRESS RELEASE
January 12, 2007


Four R Broadcasting Inc. has completed its acquisition of radio station_s KDCD-FM and KMDX-FM , licensed to San Angelo, Texas from Regency Broadcasting Inc. for $1,500,000.

Frank DeFrancesco is president of Four R Broadcasting and also has interests in radio stations in Portales and Clovis, New Mexico.  The seller, Regency Broadcasting, is headed by Jack and Beth Auldridge. They have no other broadcast interests.

Bill Whitley of Media Services Group_s Dallas office was the exclusive broker and represented the Seller in this transaction.

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