4/29/2002
TRIAD AND CUMULUS SETTLE LITIGATION OVER TALLAHASSEE STATION SALE

MONTEREY, CA, ATLANTA, GA, and TALLAHASSEE, FL, April 29, 2002 -
Triad Broadcasting Company, L.L.C., of Monterey, CA, and Cumulus Broadcasting Inc., of Atlanta, today announced that they have reached a settlement of their legal dispute over Triad's pending purchase of radio station WWLD-FM, licensed to Tallahassee, FL, from Cumulus. Under the terms of the settlement, the closing of the sale of WWLD-FM from Cumulus to Triad will occur no later than November 1, 2002.

Triad contracted to acquire the Tallahassee FM radio frequency 106.1 from Cumulus last July. The new addition will give Triad a total of four radio stations in Tallahassee, including WYZR-FM, WAIB-FM and WHTF-FM. The FM cluster will be managed by radio veteran, Mark Hanson, newly-announced Vice President and Market Manager.

David Benjamin, President and Chief Executive Officer of Triad Broadcasting Company, said: "While I regret that the matter has dragged on as long as it has, I am delighted that we now have a firm closing date for WWLD. It will be an excellent addition to our Tallahassee cluster and will greatly enhance our position in the market."

Triad Broadcasting Company was formed in July, 1999, by President and Chief Executive Officer, David J. Benjamin, founder of Community Pacific Broadcasting Company. With the addition of the new Tallahassee station to the three stations that it owns in the market, Triad Broadcasting will own and/or operate a total of 43 radio stations in seven high-growth markets within ten states, including: six stations in Biloxi, MS; five stations in Lincoln and Beatrice, NE; five stations in Fargo, ND; seven stations in Rapid City, SD; nine stations in Bluefield, WV, and seven stations in the Hilton Head, SC-Savannah, GA, market.