Date:	November 16, 2006
Contact:	Tristram E. Collins, Sr. Executive Vice President
Phone:	(609) 452-9696

GREATER MEDIA, NASSAU BROADCASTING AND CHARLES RIVER BROADCASTING CLOSE BOSTON AND PHILADELPHIA RADIO STATION DEALS

Boston, MA (November 16, 2006): Greater Media, Inc., Nassau Broadcasting Partners, L.P., and Charles River Broadcasting Company jointly announced that they have closed the previously announced transactions by which Greater Media acquired Charles River’s 102.5 FM frequency, licensed to Waltham, MA, and Nassau's 97.5 FM frequency, licensed to Burlington, NJ, and Nassau acquired Greater Media's 99.5 FM frequency, licensed to Lowell, MA. Nassau also received cash and classical music assets, including the format of WCRB FM in Boston.

Beginning at noon on December 1st, country station WKLB will begin broadcasting on the 102.5 FM frequency and classical WCRB will begin broadcasting on the 99.5 FM frequency in the Boston market. As of 6:00 p.m. on November 17, listeners can tune in to Greater Media’s Smooth Jazz WJJZ-FM at its new address on the 97.5 FM frequency in the Philadelphia market, formerly home of Nassau’s WTHK “The Hawk.” Beginning at 5:00 a.m. tomorrow, WTHK listeners will have an opportunity to sample Greater Media’s Classic Rock 102.9 WMGK, which will be simulcast on the 97.5 frequency until Smooth Jazz debuts Friday evening.

“We are thrilled and proud to bring Smooth Jazz back to its fans in Philadelphia,” said Peter Smyth, President & CEO of Greater Media, Inc.

"Greater Media has a great track record of investing in and supporting its radio properties and we look forward to enjoying that same environment here at smooth jazz 97.5 WJJZ,” said Jim Brown, General Manager of WJJZ. “The early feedback from the market has been fantastic.”

“With just two days until we launch Smooth Jazz WJJZ at its new address at 97.5, there's an incredible level of excitement in Philadelphia again,” said Michael Tozzi, WJJZ Program Director. “We can’t wait to get started.”

Regarding Nassau’s acquisition of WCRB in Boston, Nassau’s Chairman and President Lou Mercatanti stated “We are extremely pleased to have WCRB in Boston as part of the Nassau family of stations. We have been overwhelmed with the positive response from Boston listeners about Nassau preserving WCRB’s long standing classical heritage and we welcome WCRB as the new flagship of Nassau’s classical network of stations throughout New England.”

The Chairman of the Board of Charles River Broadcasting Company, Mary L. Marshall, stated that “CRB’s entire Board of Directors is delighted that ‘WCRB’ will continue to broadcast classical music to the Boston community. We worked hard to achieve this result and wish Nassau and Greater Media every success in the future.”

Greater Media www.greatermedia.com, a family-owned company based in Braintree, Massachusetts, is the ultimate parent company of 20 AM and FM radio stations in Boston, Detroit, Philadelphia and New Jersey. The company, through its subsidiaries, also owns a modern printing plant and a group of weekly newspapers in central New Jersey, and several telecommunications towers throughout the United States.

Nassau Broadcasting, a privately held firm in Princeton, New Jersey, currently owns and/or operates 53 radio stations in New Jersey, Pennsylvania, Maryland, Vermont, New Hampshire, Massachusetts and Maine. It is the 15th largest broadcaster in the United States in terms of the number of radio stations it owns. The Company's web site is www.nassaubroadcasting.com.