| Date: |
January 24, 2005 |
| Contact: |
Tristram Collins, EVP,
Operations and Finance |
| Phone: |
(609) 452-9696 |
NASSAU
BROADCASTING CLOSES ON TWO ADDITIONAL FM STATIONS IN VERMONT
Princeton,
NJ - Nassau Broadcasting Partners, L.P.
(“Nassau”), a leading radio group in the Northeast,
announced today that it has closed on the purchase
of two additional radio stations in Vermont, WEXP-FM
in Rutland and WVAY-FM in Wilmington, from the Vox
Radio Group. Nassau has been operating both stations
under a local marketing agreement since October 1,
2004.
In addition
to these two stations, Nassau also recently acquired the
following stations in Vermont and New Hampshire from the
Vox Radio Group: 105.5 WJYY-FM and 93.3 WNHI-FM in
the Concord, NH market; 107.1 WORK-FM, 100.9 WWFY-FM and
1450 WSNO-AM in the Montpelier-Barre-Waterbury, VT market;
106.1 WHDQ-FM, 104.3 WWOD-FM, 96.3 WCFR-FM, 95.3 WSSH-FM,
107.1 WZSH-FM, 910 WNHV-AM and 1230 WTSV-AM in the Lebanon-Rutland-White
River Market. Nassau is currently operating an additional
station owned by the Vox Radio Group in the Concord, NH
market, 102.3 WOTX-FM, until it receives approval from
the FCC for transfer to Nassau.
“We are very
pleased with the progress of our new station group in Northern
New England. WEXP-FM, Rutland and WVAY-FM, Wilmington
are great additions to this regional group and substantially
enhance our local presence in Vermont. We believe
these markets, along with our other New England markets,
have great potential for growth and we are excited about
becoming an integral part of the communities our radio
stations serve” said Louis F. Mercatanti, Jr., President
and Chief Executive Officer of Nassau.
A privately
held firm in Princeton NJ, Nassau Broadcasting Partners,
L.P. owns, operates or has agreements to acquire 52 radio
stations in New Jersey, Pennsylvania, Maryland, Vermont,
New Hampshire and Maine. Pro forma for pending transactions,
Nassau is the 28th largest broadcaster in terms of revenues
and the 14th largest broadcaster in terms of the number
of radio stations in the United States. The Company’s
web site is www.nassaubroadcasting.com
