Ortiz Broadcasting Corporation Aquires Channel 53-TV from WKOB Communications.

FOR IMMEDIATE RELEASE

November 16, 2001

Ortiz Broadcasting Corporation has agreed to purchase the assets of Channel 53 television and the Construction Permit (CP) for displacement channel 48 for WKOB-LP New York, NY, from WKOB Communications, Inc., for $7.0 million cash.

Mitt Younts represented the seller in this transaction.

* Pending FCC Approval

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