LBI Media Holdings, Inc. Announces Proposed Offering of Senior Discount Notes

Oct 02, 2003, 01:00 ET from LBI Media Holdings, Inc.

    BURBANK, Calif., Oct. 2 /PRNewswire/ -- LBI Media Holdings, Inc. announced
 today that it is planning an offering of senior discount notes.
     LBI Media Holdings intends to contribute the net proceeds from the
 offering to its subsidiary, LBI Media, Inc.  LBI Media, Inc. will use the
 proceeds from this capital contribution to repay a portion of the borrowings
 under its senior credit facility.
     The securities to be offered will not be registered under the Securities
 Act and may not be offered or sold in the United States absent registration or
 an applicable exemption from the registration requirements.  This press
 release does not constitute an offer to sell or the solicitation of an offer
 to buy any security and shall not constitute an offer, solicitation or sale of
 any securities in any jurisdiction in which such offering, solicitation or
 sale would be unlawful.
     Forward Looking Statements
     This news announcement contains certain forward-looking statements within
 the meaning of the U.S. securities laws.  These statements are based upon
 current expectations and involve certain risks and uncertainties, including
 those related to the expected future operating performance of the company's
 radio stations, television stations and studio operations.  Forward-looking
 statements include but are not limited to information preceded by, or that
 include the words, "believes", "expects", "prospects", "pacings",
 "anticipates", "could", "estimates", "forecasts" or similar expressions. The
 reader should note that these statements may be impacted by several factors,
 including economic changes, regulatory changes, increased competition, the
 timing of announced acquisitions or station upgrades, changes in the
 broadcasting industry generally, and changes in interest rates. Accordingly,
 the company's actual performance and results may differ from those anticipated
 in the forward-looking statements. Please see LBI Media Inc.'s recent filings
 with the Securities and Exchange Commission ( for information
 about these and other risks that may affect the Company. The forward-looking
 statements in this press release express our goals and expectations as of the
 date of this press release. The Company undertakes no obligation to update or
 revise the information contained herein because of new information, future
 events or otherwise.

SOURCE LBI Media Holdings, Inc.