Narrative Statement Fred Eychaner is the sole member of Newsweb Radio Company which in turn owns 100% of the interests in the following companies that are all FCC licensees (the "Licensee Companies"), as follows: o Chicago Newsweb Corporation, licensee of WAIT(AM), Crystal Lake, IL (FCC ID 53504); o WSBC, Inc., licensee of WSBC(AM), Chicago, IL (FCC ID 16847); o WYPA, Inc., licensee of WCPT(AM), Willow Springs, IL (FCC ID 16849); o WNDZ, Inc., licensee of WNDZ(AM), Portage, IN (FCC ID 73316); and o WKIE, Inc., licensee of WCPY(FM), Arlington Heights, IL (FCC ID 15520). Additionally, Mr. Eychaner is the sole shareholder of Channel 20 TV Company. Channel 20 TV Company votes 87.8%, and holds 51% of the equity of Channel 3 TV Company, LLC ("Channel 3"), licensee of KCDO-TV, Sterling, CO (FCC ID 63158) and KSBS- CD, Denver, CO (FCC ID 168750). Additionally, Charles F. Gross votes 6.0%, and holds 24% of the equity and Greg Armstrong, votes 6.3% and holds 25% of the equity of Channel 3. As of October 1, 2019, all of the Licensee Companies, Channel 20 TV Company, and Newsweb Radio Company share the same officers and directors, all of whom are United States Citizens, who are: Fred Eychaner, Director Catherine E. Danz, President and Treasurer Joan Barry, Chief Financial Officer, Vice President and Secretary Greg Armstrong is President of Channel 3. There are no other officers or directors. A chart of the current ownership structure follows: Ownership Structure As of 10/01/19 Fred Eychaner 100% Newsweb Radio Company Charles F. Gross 100% 100% Greg Armstrong Channel 20 TV Company 51% 24% 25% Voting Voting WSBC, Inc. Voting 87.75% 6.0% WSBC(AM), Chicago, IL 6.25% Facility ID 16847 WYPA, Inc. WCPT(AM) Willow Springs, IL WNDZ, Inc. WNDZ(AM), Portage, IN Facility ID 73316 Channel 3 TV Company, LLC KCDO-TV, Sterling, CO Facility ID 63158 KSBS-CD, Denver, CO WKIE, Inc. Facility ID 168750 WCPY(FM), Arlington Heights, IL Facility ID 15520 Chicago Newsweb Corporation WAIT(AM), Crystal Lake, IL Facility ID 53504 2 #72462915_v3 3 .