PRESS RELEASE

October 19, 2012

Rich Broadcasting has agreed to purchase the assets of the following radio stations serving Jackson Hole, Wyoming and Sun Valley, Idaho  from Chaparral Broadcasting for $3.7 million*:

Licensed to Jackson, WY:

KMTN-FM

KZJH-FM

KJAX-FM

KSGT-AM

Licensed to Sun Valley, ID:

KECH-FM

KSKI-FM

KYZK-FM

Licensed to Island Park, ID:

KOUW-FM

Translators:

K265DA     Teton Village, WY

K296EG     Jackson, WY

K276DW     Ketchum, ID

K239AU     Driggs, ID

Jody McCoy of our Colorado Springs office served as the exclusive broker representing the seller.

* Pending FCC Approval