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Press Releases

Nassau Broadcasting Closes On Purchase Of 11 Radio Stations in Maine

4/6/2004

Portland, ME -- Nassau Broadcasting Partners, L.P.(“Nassau”), a leading radio group in the Northeast, announced today that it has closed on the purchase of two radio groups in Maine.

Nassau has acquired the stations of the Radio Partners of Maine, L.P. They are 107.5 WTHT-FM, 99.9 WMEK-FM, 106.7 WMTW-FM, 870 WMTW-AM, and 1470 WLAM-AM. In addition, Nassau has purchased the stations of Mariner Broadcasting, L.P.: The Classical W-Bach Network stations (106.3 WBQW, Scarborough/Portland, 99.3 WBQQ Kennebunk, 106.9 WBQW Thomaston/Rockland, 107.7 WBQI Bar Harbor/Bangor), 104.7 WQEZ Kennebunkport and 105.5 WBYA Islesboro/Camden.

Louis F. Mercatanti, Jr., President and Chief Executive Officer of Nassau, in making the announcement, said, “We are excited about our entry into Maine. We see a vital market with great potential for the growth of our company. As with all our radio stations, we look forward to becoming an integral part of the communities our radio stations serve. ”

“We are thrilled to have the opportunity to serve the people of Maine by providing diverse programming options. There are many voices in Maine, and we look forward to embracing the state’s diversity and serving the needs of the community with the many voices of our radio stations.”

Louis F. Mercatanti, Jr. also announced the appointments of key management positions for the Maine radio stations: Tim Gatz is named Vice President/Maine Area Market; SuzAnne Brown is named Controller and Vice President/New England Business Operations; and Brian Strack is named Director of Sales/Maine.

About Nassau Broadcasting Partners, L.P.

Nassau Broadcasting Partners, L.P. is a leading radio broadcasting company, based in Princeton, NJ, that owns and/or operates 13 radio stations in New Jersey and Pennsylvania. In addition to the acquisition of 11 stations in Maine, Nassau plans to acquire another 22 stations in the region, resulting in a total of 33 radio stations, which will make it the largest radio operator in New England. Its current portfolio of stations is characterized by a diversity of format, programming, marketing and promotions tailored to each station’s target audiences. The Company’s website is www.nassaubroadcasting.com.