30000000 $30000000

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SPECIAL REPORT (Samuel Zell, chairman; Randy Michaels, J. Alt, Kerby E. Confer, each 40% owner) Buyer: Cumulus Media LLC (Richard CEO; Zell /Chilmark Fund LP, 30% owner) Seller: Nittany Broadcasting Co. (Nick Weening, chairman) Seller: M3X Corp. (Robert Esty and Gary Galli, president) Seller: Clarendon County Broadcasting Grossman, principals) Broker: Bergner & Co. Co. (Betty Roper, principal) Broker: Media Services Group Inc. Broker: Whittle Agency WVPO(AM)- WSBG(FM) Stroudsburg KKJJ(FM) Ashland, KMED(AM)Medford, Price: $7 million KZZE(FM) Eagle Point/Medford and Buyer: Multicultural Radio Broadcasting TENNESSEE KRWQ(FM) Gold Hill /Medford Inc. (Arthur S. Liu, president) WLMX -AM -FM and WZST FM Chat- Price: $12.5 million Seller: Nassau Broadcasting Partners LP tanooga Buyer: Jacor Communications Inc. (Louis Mercatanti, CEO) Price: $5.5 million (Samuel Zell, chairman; Randy Michaels, Broker: Serafin Bros. Buyer: Cumulus Media LLC (Richard CEO; Zell /Chilmark Fund LP, 30% owner) Weening, chairman) Sellers: KKJJ: Ashland Broadcasting LLC Seller: Wicks Broadcast Group LP (Edgar (Sherry Hill, managing partner); KMED: SOUTH CAROLINA R. Berner, president/41.7% owner; WBG Crater Broadcasting Co. (Duane Hill, presi- WYMB(AM) -WHLZ(FM) Manning Managment Inc., general partner) dent); KRWQ: Hill Radio Inc. (Duane E. Hill, Price: $3.25 million Broker: Gary Stevens & Co. president); KZZE: Pro Promotions Inc. (Sherry Hill, president) KLOO -AM -FM Corvallis This notice appears as a matter of record only. Price: $2.5 million December 1998 Buyer: Jacor Communications Inc. (Samuel Zell, chairman; Randy Michaels, CEO; Zell /Chilmark Fund LP, 30% owner) Seller: Oregon Trail Productions Inc. (Lee Jamison, principal) Broker: Media Services Group Inc. ........ KXL -AM -FM Portland Price: $55 million Buyer: Rose City Radio Corp. (Paul Allen, owner) THEATRES Seller: Alexander Broadcasting Co. (Lester M. Smith, president) A builder and operator of superior stadium seated multiplex movie theatres. PENNSYLVANIA WJMW(AM) -WHLM(FM) Bloomsburg Price: $2.51 million Buyer: Radio Friendz Inc. (David and $30,000,000 Susan A. Bernstein, 63% joint owners) Equity Financing Seller: Magee Industrial Enterprises Inc. (Harry M. Katerman, principal) Sandler Capital Partners IV L.P. Sandler Capital Partners IV FTE LP. WHYL -AM -FM Carlisle Price: $4.5 million Alpine Equity Partners L.P. Buyer: Citadel Communications Corp. (Lawrence R. Wilson, president/19.1% and owner; ABRY Broadcast Partners II L.P., 37.2% owner) Seller: Zeve Broadcasting Co. (Lincoln $30,000,000 Zeve, president) Debt Financing WHYL -AM -FM Harrisburg Fleet National Bank, as Agent Price: $4.5 million State Bank & Trust Buyer: Citadel Communications Corp. Street (Lawrence R. Wilson, president/19.1% Union Bank of California owner; ABRY Broadcast Partners II L.P., 37.2% owner Seller: Zeve Broadcasting Co. (Lincoln We assisted in the business plan preparation and Zeve, president) raised the financing for Destinta Theatres. WKST-AM -FM Newcastle Price: $2.5 million Buyer: Jacor Communications Inc. (Samuel Zell, chairman; Randy Michaels, DANIELS CEO; Zell /Chilmark Fund LP, 30% owner) &.ASSOCIATES Seller: Great Scott Broadcasting (Faye 711 5th Avenue, Suite 405, New York, NY 10022 212/935 -5900 Scott, president) 3200 Cherry Creek South Drive, Suite 500, Denver, Co 80209 303/778 -5555 Internet Address www.bdaniels.com WMAJ(AM) -WBHV -FM State College Founded in 1958, Daniels & Associates L.P. is a member of the National Association of Securities Dealers Inc. Price: $2.9 million and all its professional associates are licensed with the NASD. Member SIPC. Buyer: Forever Broadcasting LLC (Donald FEBRUARY 15, 1999 / BROADCASTING & CABLE 49 .

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