PRESS RELEASE

November 30, 2015

The sale of the historic Poole Tower Complex to InSite Towers Development, LLC, an affiliate of InSite Wireless Group, LLC has closed. The Complex was one of the last family-owned sites to operate at Mt. Wilson, the most famous multi-tower broadcasting location in the United States.

Rising almost 6,000 feet above the Pacific Ocean, the Poole Tower Complex was first developed in the 1950_s by the late legendary Los Angeles broadcaster John H. Poole. In 1952, Mr. Poole was granted the first commercial UHF television construction permit in Los Angeles for KBIK Channel 22. In 1953, the station moved to Mt. Wilson and changed call letters to KBIC-TV. In 1959, the Complex became home to Poole-owned KBIG-FM. Among the current Los Angeles stations at the Poole Tower Complex today are iHeartMedia_s KBIG-FM and KYSR-FM, MundoFOX 22 KWHY-TV and KXOS-93.9 FM.

Bob Heymann of the Chicago office of Media Services Group served as the exclusive broker representing Poole Properties, Inc.