NextMedia Operating, Inc. Announces the Sale of WDDW-FM Serving Milwaukee, Wisconsin to Bustos Media, LLC

“NextMedia Group, Inc. (“NextMedia”) announced today that its subsidiaries, NextMedia Operating, Inc. and NextMedia Licensing LLC, have signed a definitive agreement to sell WDDW-FM, serving Milwaukee, Wisconsin, to Bustos Media, LLC for $10.2 million in cash. The transaction is expected to close late in the fourth quarter of 2005 or early first quarter 2006, pending FCC approval.

Steven Dinetz, President and CEO of NextMedia, commented, “We continue to review all avenues for strengthening our core radio station clusters, while taking advantage of opportunities to monetize our non-strategic assets. The proceeds of this transaction will be used to strengthen our balance sheet.”

Amador S. Bustos, President and CEO of Bustos Media, said “Milwaukee is one of the fastest growing U.S. Hispanic markets and we are proud to acquire the first Spanish-language radio station serving the market. The acquisition of WDDW is the ideal complement to our existing AM and FM station portfolio, which carries one of our four, branded network programs.”"

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