07/05/2006
TRIAD BROADCASTING TO SELL RAPID CITY CLUSTER TO SCHURZ COMMUNICATIONS, INC.

July 5, 2006 RAPID CITY, SD...Triad Broadcasting today announced it has reached an agreement to sell its six station Rapid City, South Dakota cluster to Schurz Communications, Inc. of South Bend, Indiana. The sale ends Triad's seven-year tenure in the South Dakota market. Schurz currently operates seven radio stations in South Bend and Lafayette, Indiana.

Triad's market leading Rapid City stations include top country station "The Black Hills Favorite" KAT Country 98.7 (KOUT-FM), CHR "Hot 93.1" (KRCS-FM), AC "Magic 93.9" (KKMK-FM), Classic Rock "The Fox 100.3" (KFXS-FM), "Five State Farm Radio" (KBHB-AM 810) and "Cool 92" Oldies (KKLS-AM 920).

Triad CEO David Benjamin comments, "We are enormously proud of Rapid City Vice President/Market Manager Lia Green and her staff. It was important to find them a home with a first rate company, and we believe we have done that. Without a doubt, Schurz is acquiring one of the finest small radio operations in the US.”

Adds Schurz CEO Franklin Schurz, "We are extremely pleased to welcome these fine radio stations, talent and staff to our organization. We started our first radio station in 1922, and we are a family company with a commitment to local radio, local programming and community involvement. The Triad Rapid City stations are a perfect fit for our firm, and we look forward to a successful future together."

Senior Vice President Marci Christensen Burdick handled the transaction for Schurz. Burdick is a Rapid City native. KALIL & CO., INC. brokered the transaction.

The transaction is pending FCC approval.

For further information contact:
Judy Peterson, VP, Triad Broadcasting 831-655-6350 ext.2
Marci Burdick, SVP, Schurz Communications 574-236-1769