����������Ƶ

New York – August 13, 2012 – Clear Channel Media and Entertainment and Buckley Radio announced today that Clear Channel is purchasing AM radio station WOR 710 from Buckley Broadcasting Corporation, pending FCC approval. Terms of the agreement were not disclosed.

Founded in 1922, WOR 710 AM is New York’s oldest radio station and one of the country’s most iconic radio brands.�� Since its founding, WOR has had a longstanding commitment to technology and innovation; it was one of the first radio stations in America to use directional antenna to increase the scope and range of its broadcast, was the first AM radio station in New York to broadcast with HD radio technology and is one of the best radio broadcast signals in the U.S.

"WOR is an iconic New York City brand with a rich history and an exciting future,” said John Hogan, Chairman and CEO of Clear Channel Media and Entertainment.�� "Clear Channel is excited to add WOR as a powerful, high potential complement to our New York brands.�� We believe WOR makes our already incredible platform even more interesting for listeners, advertisers, and strategic partners and we look forward to the tremendous potential WOR adds to Clear Channel Media and Entertainment New York.”

“For more than 23 years, Buckley Radio has been the steward of one of the most legendary radio stations in broadcasting history and I would like to sincerely thank all of the wonderful people who devoted their time, energy and efforts over the years to WOR Radio,” said Joseph Bilotta, President & CEO, Buckley Radio.�� “By passing the baton to Clear Channel Media and Entertainment, WOR listeners, advertisers and employees will gain access to the unparalleled resources of a worldwide, multi-dimensional media and entertainment company.�� We have had a great run with WOR and could not be more confident that it is poised for another great run as part of the Clear Channel Media and Entertainment team.”

Clear Channel Media and Entertainment currently owns five stations in the New York market including 103.5 KTU, Q104.3, Z100, 106.7 Lite fm and Power 105.1.�� For more information on WOR, visit .

Closing of the transaction is subject to FCC consent and other customary closing conditions.

��

About Buckley Broadcasting

Buckley Radio is an independently owned and operated broadcasting company. The company owns 17 radio stations in 6 markets and the WOR Radio Network, a syndication company distributing programming to over 400 radio stations across the U.S. and Canada. Since 1956, Buckley Radio has been committed to maintaining the quality of entertainment and information we bring to our audience and the level of integrity we offer our advertising partners. We invest in and are a vital part of the communities in which we operate.

For Buckley Radio:

Joseph Bilotta

jbilotta@buckleyradio.com��������

203-661-4307