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Press Releases

Nassau Broadcasting Closes on Two Additional Stations in Northern Vermont

3/1/2005

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, WMOO-FM and WIKE-AM in Derby Center and Newport, Vermont respectively, from Northstar Media, Inc.

“We are extremely pleased to be adding these two successful radio stations in Northern Vermont to our growing group of New England radio stations” said Louis F. Mercatanti, Jr., Chairman and Chief Executive Officer of Nassau. “The addition of these stations extends our local coverage of Vermont significantly and we are excited about becoming an integral part of the communities these radio stations serve.”

WMOO-FM is a Class “C” FM radio station and broadcasts at 92.1 MHz. WIKE-AM is a Class “C” AM radio station and broadcasts at 1490 kHz.

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 15th largest broadcaster in terms of the number of radio stations in the United States. The Company’s web site is www.nassaubroadcasting.com.