Hightower Radio Inc. Acquires KNET-AM & KYYK-FM From North Texas Radio Group

FOR IMMEDIATE RELEASE

March 18, 2003

Hightower Radio Inc. has entered into an agreement with North Texas Radio Group to purchase radio stations KNET-AM & KYYK-FM licensed to Palestine, Texas.

Hightower Radio Inc. is headed by Jason Hightower who also owns KMOO-FM, Mineola, Texas. North Texas Radio Group is headed by Dick Witkovski who also has several radio interests in North Texas and Oklahoma. The purchase price is $750,000.*


Bill Whitley represented the Buyer in this transaction.

*Pending FCC Approval

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