Lakeshore Media Acquires WSOS-AM/FM from WSOS-FM & Westshore Broadcasting

FOR IMMEDIATE RELEASE

December 26, 2002

WSOS-FM, Inc. and Westshore Broadcasting, Inc. (Ed & Ron Roseman) have sold the assets of radio stations WSOS-AM/FM, licensed to St. Augustine Beach and St. Augustine, FL, to Lakeshore Media, LLC (Bruce Buzil & Chris Devine) for $4.0 million.*

Eddie Esserman, G. Gregory Merrill and

George R. Reed represented the Buyers in this transaction.

* Pending FCC Approval

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