FOR IMMEDIATE RELEASE

April 24, 2003

New Northwest Broadcasting has sold its four radio stations in the Coos Bay area of Oregon for $1.0 million. KOOS-FM, KACW-FM, KBBR-AM, licensed to North Bend, Oregon were sold to Bi-Coastal Media LLC, headed by Kenneth R. Dennis. KHSN-AM, licensed to Coos Bay, Oregon, was sold to W7 Broadcasting, headed by Carl Widing.*

Austin P. Walsh of our San Francisco office represented the Seller in this transaction.

* Pending FCC Approval