LBI Media Announces Acquisition of Five Radio Stations in the Dallas-Fort Worth Market

“On August 2, 2006 two subsidiaries of LBI Media, Inc. (”LBI Media”) entered into a definitive agreement to buy five Dallas radio stations from Entravision Communications Corporation for approximately $95 million. The stations include KTCY-FM, KZZA-FM, KZMP-FM, KZMP-AM and KBOC-FM. The purchase, which is subject to regulatory approvals, is expected to close in the fourth quarter of 2006. Upon closing LBI Media will own six radio stations and a full power television station in the Dallas-Fort Worth, Texas market.

These five stations will complement LBI Media’s Regional Mexican formatted KNOR-FM and allow LBI Media to offer a full array of Hispanic radio formats in the Dallas-Fort Worth market. LBI Media also owns a full power television station, KMPX - Channel 29, in Dallas and plans on using its cross promotion strategy to market all of its Dallas properties. Lenard Liberman, Executive Vice President of LBI Media stated: “This acquisition is consistent with our strategy of owning radio and television stations in the same market. We have experienced great success in the Dallas-Fort Worth market and we are excited by our ability to expand our presence in this market through this acquisition.” Also commenting on the purchase was Executive Vice President of Radio Programming at LBI Media, Eduardo Leon, who stated: “These stations will round out LBI Media’s presence in this fast growing Hispanic market. By owning six radio stations, we will be able to offer a compelling collection of programming choices.”"

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