Rich Broadcasting Completes Acquisition of Jackson Hole and Sun Valley Stations from Chaparral Broadcasting

PRESS RELEASE

March 27, 2013

Rich Broadcasting has completed the acquisition of the following radio stations serving Jackson Hole, Wyoming and Sun Valley, Idaho  from Chaparral Broadcasting:

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

The final price for all stations was $3.825 million, including KOUW, which closed on 12/31/2012.

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

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