FOR IMMEDIATE RELEASE

January 23, 2004

Granby Mountain Broadcasting, LLC has completed its purchase of Colorado radio stations KRKM-FM, licensed to Kremmling, KRKY-AM, licensed to Granby, and KHTH-AM, licensed to Dillon from Grand County Wireless, Inc. and Fernal, Inc., for $470,000.

Jody McCoy of Media Services Group_s Colorado Springs office represented Granby Mountain Broadcasting, LLC in this transaction.