Curtis Media Group to Acquire Three Greensboro, N.C. Radio Stations from CBS Corporation

    RALEIGH, N.C., Nov. 21 /PRNewswire/ -- The Curtis Media Group has
 signed a definitive agreement to acquire three Greensboro, N.C.-based radio
 stations -- WSJS, WMFR, and WSML -- from their present owner, CBS Radio, a
 division of CBS Corporation (NYSE:   CBS.A and CBS). WSJS and WMFR are two of
 North Carolina's oldest radio stations. WSML primarily rebroadcasts the
 programming of WSJS. The Stations all operate with a News/Talk Format.
     The purchase price of the stations is $8,375,000, and the transaction
 is subject to approval by the Federal Communications Commission. The Curtis
 Media Group anticipates continuing with the same Management at WSJS-WMFR,
 and WSML.
     "We are delighted to have this family of great News/Talks Stations join
 our group of North Carolina Stations. We feel that along with our existing
 operation at WZTK, News/Talk 101, and our presence in the State Capitol
 with WPTF, we will be able to offer the listeners in the Triad an even
 better list of choices in the News/Talk arena," stated Donald Curtis,
 President of Curtis Media Group
     The Curtis Media Group also owns and operates other North Carolina
 Radio Stations including WPTF, one of the nation's leading News/Talk
 Stations. Other stations include WQDR, WBBB, WWMY, WYMY, WDOX, WDNC, WCLY,
 WKIX, WKXU, WYRN, WGBR, and WFMC, all in The Raleigh-Durham market. The
 newly acquired stations will join WZTK and WPCM in a five station cluster.
 Curtis Media also operates several web streaming stations and web sites
 including StateGovernmentRadio.com, Triangletrader.com,
 TrinagleHelpwanted.com, Triangletraffic, The Southern Farm Network, and
 TodaysObituaries.Com. The company also has ownership interests in numerous
 other North Carolina radio stations.
     Curtis Media Group dates back to 1968, and is the nation's largest
 single Shareholder radio broadcast group. The company is headed by Donald
 Curtis is the President and CEO, and Phil Zachary who serves as Executive
 Vice President and COO. Curtis is a member of the North Carolina
 Association of Broadcaster's Hall of Fame
     CBS Corporation (NYSE:   CBS.A and CBS) is a mass media company with
 constituent parts that reach back to the beginnings of the broadcast
 industry, as well as newer businesses that operate on the leading edge of
 the media industry. The Company, through its many and varied operations,
 combines broad reach with well-positioned local businesses, all of which
 provide it with an extensive distribution network by which it serves
 audiences and advertisers in all 50 states and key international markets.
 It has operations in virtually every field of media and entertainment,
 including broadcast television (CBS and The CW - a joint venture between
 CBS Corporation and Warner Bros. Entertainment), cable television (Showtime
 and CSTV Networks), local television (CBS Television Stations), television
 production and syndication (CBS Paramount Network Television and CBS
 Television Distribution Group), radio (CBS Radio), advertising on
 out-of-home media (CBS Outdoor), publishing (Simon & Schuster), digital
 media (CBS Interactive and CSTV Networks) and consumer products (CBS
 Consumer Products). For more information, log on to www.cbscorporation.com.
 
 

SOURCE The Curtis Media Group
RELATED LINKS
http://www.cbs.com

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