Equity Broadcasting Bringing Univision Programming to Nashville, Jacksonville and Waco

“Equity Broadcasting Corporation (”EBC”), which has entered into an agreement to merge with Coconut Palm Acquisition Corporation (CNUT.OB), announced today that it has entered into Asset Purchase Agreements for four new television stations. The company will use these stations to bring Univision affiliates to three additional markets - Nashville, Jacksonville, Fla., and Waco, Texas.

WGAP-LP, Channel 26, will serve as the Univision affiliate in Nashville, a television market that reaches more than 900,000 households. In Jacksonville, a market with more than 600,000 households, EBC has entered into an agreement to purchase Channel 39, which will operate as WUJF-LP. In two separate agreements, EBC will provide full coverage to Waco’s Top 50 Hispanic market with KUTW-LP, Channel 35, in Bryan and KWKO-LP, Channel 38, in Waco. These stations were not included in the merger agreement entered into with Coconut Palm and represent EBC’s continued expansion in Spanish-language markets.”

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