---FOR IMMEDIATE RELEASE---
February 1, 2008

STEPHENS MEDIA GROUP ACQUIRES 6 NEW YORK STATIONS

Deal with Martz Communications Group Closes

In a deal which was closed today, Stephens Media Group, LLC has acquired New York radio stations WMSA (AM) Massena; WVLF (FM) Norwood; WRCD (FM) Canton; WYSX (FM) Morristown and WPAC (FM) Ogdensburg for approximately $5.095 Million.

The stations dominate the US and Canadian markets, directly adjacent to the Watertown, New York radio market. In a related transaction which also closed today, Stephens Media Group, LLC is also acquiring the leading radio stations in the Watertown market owned by Regent Communications, Inc.

Tim Martz is the President of group owner Martz Communications, while David Stephens is CEO of Stephens Media Group.

In the both transactions, Dick Foreman of Richard A. Foreman Associates, Inc. initiated the transactions and represented the seller Martz Communications Group/Regent Communications, Inc.