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Press Releases

Nassau Broadcasting Closes on Two Additional FM Stations in Vermont

1/24/2005

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.