Thomas M. Arnost, Former Co-President of Univision Television Group, Named President/CEO, EBC Broadcast Station Group

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Posted on: September 20th, 2006
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“Coconut Palm Acquisition Corp. (OTC Bulletin Board: CNUT.OB), which has entered into an agreement to merge with Equity Broadcasting Corporation, one of the largest owners and operators of television stations in the United States and a distribution platform for Spanish-language media, today announced that Thomas M. Arnost has been named President/CEO of the EBC Broadcast Station Group, effective upon completion of the merger between Coconut Palm and EBC. Mr. Arnost previously served as the Co-President of Univision Communications, Inc. (NYSE: UVN) Station Group, where he joined the company in 1994 following the 1992 acquisition of Univision by A. Jerrold Perenchio for $550 million. Mr. Arnost served as Co-President of Univision Television Group, which owns and operates 62 television stations in major U.S. Hispanic markets and Puerto Rico, from 1997 to 2005, and prior to that as Executive Vice President of Univision Television Group from 1994 to 1996. During Mr. Arnost’s tenure with Univision, total station group revenue grew from under $120 million in 1993 to over $650 million in 2005.”

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