PRESS RELEASE

FOR IMMEDIATE RELEASE

June 3, 2011

Mississippi Broadcasters, LLC (Clay Holladay, President) has agreed to purchase the assets of the following Meridian, Mississippi radio stations from Clear Channel Radio*:

WMSO-FM, licensed to Meridian  

WZKS-FM, licensed to Union

WYHL-AM, licensed to Meridian

WJDQ-FM, licensed to Marion

WHTU-FM, licensed to Newton

The stations are currently programmed by URBan Radio under a Time Brokerage Agreement.

Concurrent with the acquisition, New South Communications, Inc. has agreed to purchase the assets of WJDQ-FM and WHTU-FM and Educational Media Foundation has agreed to purchase the assets of WMLV-FM from Mississippi Broadcasters, LLC. Mississippi Broadcasters, LLC will donate WKZB-FM to the Meridian Community College Foundation.

Closing on all such sales is subject to FCC consent and standard closing conditions.

George R. Reed of our Jacksonville, Florida office represented Clear Channel/URBan Radio in this transaction.

* Pending FCC Approval