PRESS RELEASE

December 11, 2013

La Promesa Foundation has closed on its purchase of KYTR FM licensed to Hunt, Texas and serving the Kerrville, Texas area. The Seller, Munbilla Broadcasting, is headed by Shane Fox and also owns a FM construction permit for Kingsland, Texas. The Buyer is headed by Len Oswald and has several other broadcast properties in Texas. The purchase price was $185,000.

Bill Whitley of the Dallas office of Media Services Group represented the Seller as the exclusive broker for this transaction.