Norbert Fritz acquires four stations serving Fredericksburg, Texas from Randal Osherow, Bankruptcy Trustee

June 24, 2011

Randal Osherow, Bankruptcy Trustee, pursuant to an order of the United States Bankruptcy Court Western District of Texas, has sold a four radio station cluster serving Fredericksburg, Texas to Norbert Fritz. Neither party has other broadcast interests. The purchase price is $700,000. *

The radio stations include:

             KNAF-AM   Fredericksburg

             KNAF-FM   Fredericksburg

             KFAN-FM   Johnson City

             KEEP-FM   Bandera

Bill Whitley of our Dallas office represented the Trustee in this transaction.

* Pending FCC Approval