T H E EXLINE COMPANY MEDIA BROKERS - CONSI!LT.ANTS

p

February 9,7004

Alfrcdo Plascenaa President I~.azer Broadcasting Corporation 200 South A Street, Suite 400 Oxnard, CA 93030-5717

Dear MI-. Plascencia,

Herewith. in narrative forrri, is the review and appnisal of all of the assets, whicli

are used and usable in the operatlons of f i ve Radio Slations KAhX-FM, AveIial,

KAJP-FM, Firebaugh, KZPE-FM, Ford City, KZPO-FM, Lindsay, and KNCS-FM.

Coalinga, all California.

I have not personally vislted the subject propernes, have no past 11oI coiiternplale

furure interest in them and I have made the necessary investigation and analyses t o

develop this review and appralsal, subjcct only to the limitations heremafter

described. The value determined rhrough this process is that of July 2003.

ST-ATEMENT OF PURPOSE AND VALUE

The purpose of this appraisal is to estiiiiattr the fair markel value of the

aforementioned assets. The assets consisr of leases md personal property wi'th

attendant licenses and pcrmits, which provide for the daily operation of the sublect

ststioiir serving !he central San Joaquin Valley area of Californian horn FirebaLld7 ~

iii the north to Ford City in the south (Map enclosed.)

This appraisal has been prepared at the specific direction of Mr. Alfred0 Plasceniia.

President, Lazer Broadcasting Corporation.

Mar l i e t value is defined as the ‘‘hghesf price estimated in terms ofmoiley which a

proprny will bring if exposed for sale t n the open market, allowing a reasonable

ninc to t-md ;1 purchaser who buys with howledge of all of the uses to which it IS

adapted arid for which i t is capable of being used.’’

IDENTIFICATION OF FACLLLITIES

Ktt9X-FM is a local class A station with 6 ku. of potential power operating 0 1 7

95.1 rrH2. It IS licensed to Avmal, California and is currently off the air.

KAJP-FM is a local Class h station with 6 kw of power operating on 94.7 mHz

horn a rower 66 feet HAAT It is licensed to Firebaugh, California and progains a

nustalyc music fonnat. The station has been on the air since 2002. The

studioioffice is located on the 2”d floor of the Golden Valley Realty Company in

donmtoctii Firebaugh.

U P E - F M is a local Class A stahon with 6 kw ofpower operatmg on 102.1 rnFiz

It is licensed to Ford Ciry, California and is currently off rhe air. Unclei- test chis

statlon had a 60 db (city grade) si,qnal over Bakersfield.

2

KZPO-FM I S a regional Class B 1 station uirh 25 kw pouel- operahng on 105 3

nil-lz. I t IS licensed to Lindsay, California and programs a nostalgic foi-rnat fi-om

studios/officzs at 1530 S. Mooney Blvd. in Visaha. The station has been 011 the air

since 1998 and has a city g a d e signal over Visalia and Tulare.

KNGS-FM is a regional Class B station with 50 h ~ v of potential power operating or1

100.1 mnHz. It IS licensed to Coalinga, California and is currently offrlie ail-. Undzr

rcst, however. the station reportedly had a 60 db signal over Hmford, and a 45 db

si@ over Fresiio

The five siibject FM stations are permitted to five different entihes according tu

FcC hcensmg mformation.

MAKKET DATA

The current role of the two stations on air are to serve the VisalidTulareiHanford,

Califoiiiia, marketplace, metro rank 104, in the case of KZPO-FM and the

community of Firebaugh in the case of KAJP-FM. Visalia is the County seat of

Tula~e County. It is located 1 SS miles noi-th of Los Angeles via Highways 5 and

99, and 225 iiules southeast of San Francisco The climate is falrly modcrate with

teniperahires raiiging from 35-55 degees in winter to 100 plus degees in suminel.

A~cordmg to BIA Media Access Pro (see enclosed report), the Visalia tot31 market

area’s population is 5 16,700. The Retail Trade Zone (RTZ) for the area IS

estimated to be $2.8 billion in 2003. The principal industries are air conditiomiig,

b&inq, - c m m g and processing, retail s e n x e s , garment manufactunng,

woodnorking, printing, and govenment senices, including state and county.

Conimercial television is mainly pro\;ided by Comcasr Cable, with 100 plus clianneli

availablc. There are 9 FM Radio stations and 5 Ahl Radio stations with a11 esninatzd radio

I evenue o f % nullion. (See enclosed repon )

The major l‘ulare County newspaper is the Times-Delta,, w h c h has a daily edition

with apprvximatcly 28,000 subscribers, and the Fresno Bee with a circulation o i

191,000, a regional paper for the central San Joaquiii Valley.

Firebauugh IS a small farrmrig community of 5000 population approximately 30

rnilcs easi of Fresno. Whde mainly, farm workers, Firebaugh restdeo ts look to

Frzsno as their metro area a id it should be considered an “ex-urb” of that MSA

Kank 65 (see enclosed rrport).

Coahnga and Avena1 are s m 1 1 conmunities of approximately 10,000 population

each near the Ketrleman Hills 45-50 nules east of Visalia. While both fanning and

ranching comniunities, Coalinga offers jobs in the oil indiistry as well.

Ford City is 30 nules east of Bakersfield and is a sister city of Taft. The two citirs

coiiibined have a population of 10.000 and look to Bakersfield as their metro ;uea

MSA Rank 87 (see report). Bakersfield FMs have sold for as much as 52.5 nnllion

3

u h c h would give KZPE-FM a greater potential value than either K U X - F M 01

KNGS-FM.

APPROACHES TO ESTlWLATlNG VALUE

In davrloping an appraisal of a conventional broadcast faciJity the appraiser looks

to a multiple of gross revenues (GR), a mulnple of cash flow (CF), cornpal-able

salcs in the area and, in ccrtam circumstances, the so-called “franchise value.”

MULTIPLES

N o fiiiaricials were provided to use this approach.

COMPARABLES

Inasmuch as developing comparable sale informatioil can be most useful in detemnuig

the 1-elahve value of broadcast facilities, it appears more and more difficult to find cntz

comparable siluations. Not only are the market variables wide rangng; but roday’s

creative fiinancing denlands are creanng Lmique pricing, certainly not the land ofpricmg

one can look to wthout extensive detailed howledge of the purchase stmcture. For

example, thc vanations jn published sale piices may be attributable to the fact t h a t this

purchase is of stock rather than assets with the subsequent major dollar r emion for tlic

assuinphon of ta?ces and other liabilities. Three developed Visalia area FM stntlorx K I I I , ~ I ,

suld within the last four years, ale as fol\ows

CAJ-LS CITY OF LICENSE PRICE

KCRZ-FM Tipron $SSO Thoiisand

KMQA-FM P orrerv ill e 1 Million

KSLK-FM Visalia 2.2 Million

FRANCHISE VALUE

Perhaps the most subjecnvc of the appraisal techniques is to attempt a dcterminclhon of

franchise value. Franchise value, simply stated, is the piice a laiowledgeablc broadcasrzr

would pay to do business in a giveii market. History has shown that buyers will pay 25% 0 1 ‘

rhe developed value of a broadcast facility for the franchise value. Ths method will he

used for KAAX-FM, KZPE-FM and KNGS-FM.

TRENDS A!!D CORRELATION OF VALUE

l’he present state of the broadcast economy i s active and healthy. Tradins and

sales of stations continues at a steady volume. Marly- of the current sales are being

made on an “offer” basis to owners who are not “for sale.” Due to the Telecoiii

Act of 1996 goups of stations across the iianon have foinied clusters. This has

dnven the value o f stations upwards, mchdmg smaller markets such as those

w h c h a-e discussed herein.

Aftel reviewmg all of the penlnent informatlon, this appralser has elected to use

tliz coniparable and fianchsse valuc methods to determine the group of sMtions

current value to an experienced s o u p owner.

6

With all of the aforementioned informanon considered, this appraiser values thz

cuiTcnt assets ofthe subject stations as follows:

Station LMarket Value

KAAX-EM Avena1 S90 Thousand

KAJP-FM Fir-ebaugh $590 Thousand

KZPE-FM Foi~d City $980 Thousand

KZPO-FM Lindsay $2.450 Million

KNGS-FM Coalinga $440 Thousand

Total $4.550 Million

TlLls presumes the assets would be offered on the open market for a reasonablc

period of nnie by a competent broadcast broker.

Plzase call if you have any quesnons.

h d r m P. McClure

Presidcnt

7

BIA Radio Market #1 Print Screen Report

cal l LenerS KSRZ AMlFM FM

Home Market VisaliaTularE-Hanford. CA I I I 97 02 07

478 9 - 516 7 562 6 143 6 149 7 161 2

Pop (0005)

Rank 104

RevRank 238 Growth 9742

1.5 0.8

NIA" 2 6

14 - . Medlan Illcoma $ 30.157 # A M stns a A V ~ HH Income S 37,338 Total Sms 22

Whlle 5G 1 % C l a s A FMs 3

02Q7 1 7 1.5 4 2 3 7

BIKs Estimated Market Revenue

(SOOO) 97 1.200 98 4.300 99 4.600 00 5,700 01 5.700

03 6,300 04 6.700 05 7.100

02 6,ooa

Local Commercial Share AM FM Total

01s" 00 00 5': 01Fa 3 6 2 1 6 ZiZ 0 2 W i 0 0 0 0 ' 3 2 0 2 s p 2 0 X . 3 25 j 02% 00 0 G U S

0 2 F a O B 30 ' ?.U3 0 3 W I 0 0 00 O' . ) 0 3 s p 1 3 27 1 :q r

I

Growth 02-07 5 3 %. 1 I

06 7,500 - . . 7,900 Revenue 9 7 4 1 f - ' 0 07 Confidence 2

Black 3 4 % ClarSB FMS 11 3 3 % ClassC FMs 0

H8spanlc Origin 50 5 % Vlable FMs 12 I

% Local Rev 30 %Cable 49 Selected Market Vlsalia-TulaiE~Hailfard, CA ~

% Nail Rev 20 ! I ~ ~~ _-

'nl.<' mdicate5 ratlnga far rhos sratton's market have not yet been posred A R6Idil 58185 not available far historic perlod Pr#nte<l 02/09 l2004 Dat, 08/11/2003 I C ) BIA Financlal Nelwork, Inc.

- EBI estimates are for previous year from column headel

Pagn 1

Visalia-Tulare-Hanford, CA Metro Rank 104 Pop: 51 6,700 Retail: $3.?49B Gross Rev: $6.OM HH Inc: $37,338 1

100% Women Persons '

. E ti

$ a 2 - l o 18-24 18-34 25-34 18-44 25-54 Teens 25-44 35+ Black Hisoanic FM LL

s

KCRZ I KGEN KlOO

3 KJUG 5 KMQA

2 KSEQ 5 KSLK Kxox

.-

OLD Tipton

SPAN Hanford AOR Porterville CTRY Tulare

SPAN East Portewtlle CHR Visalia JAZZ Visalia SPAN Corcoran AC Lindsay

104.9 23 528 b 94 5 3 3 446 e 99 7 240 689 C

1067 1.2 2553 b 100.5 21 1109 97 1 170 778 c

96 1 4.8 361 102.3 195 381 d 103 3 0.3 2625

Wstm 79 Weslcoast Bcstg Inc Lotus 96 Aaeca Bcstg Cow DbR 72 Buckley Bcslg Cotp Wstm 65 Westcoast Bcstg Inc CSM 89 Moon Bcstg C o p DbR 84 Buckley Bcslg Cop

94 Gornez. Nelson F

99 RAK Comm Inc 98 Lindsay Bcstg

0005 850 9906 9404 360 8105 c2 9901 849 8912 1.975 0209p 1,200 9408 117 co

KGEN SPAN Tulare 1370 I o 0.14 e Lotus 57 Azteca Bcslg Cow 8507

1, KJOP REL Lemoore

2 .- L' KJUG CTRY Tulare

1240 0.3 1.00 63 IHR Educ Bcstg 0010 125

1270 5.0 U 100 b Wstm 46 Westcoast Bcstg Inc 8105 c2 ri 2 KTIP NEWS Porterville 1450 10 100 47 Stoneburner. L&M 001 0 130

q KVBL SPRT Visalia 1400 s

g 1.0 1.00 ClrCh 48 Clear Channel Comm 0008

I I KCRZ.FM WavneFmler 717 N Mwnev Blvd Tulare. CA 93274 559686-2866 559-6865265 559-686-2866 c KGEN-AMFM Marganta Hernandez 2 K100.FM Ray McCa$

KJOP.AM RobertJones KJUG-AMFM Wayne Faster $ KMQA-FM SkpEckeman

b KSEO-FM RayMcCarty KSLK.FM BobEunch s KTIP-AM Lany Stoneburner KVSL.AM M a r y h Gunn

I WX-FM AI Perez KZPOFM William zawi~la

I

PO Box 2W0, Tulare CA 93275 617 W Tulare Ave, VIsalia, CA 9327l PO Box 180, Tahoma, CA 96142 717 N Mwney Blvd, Tulare. CA 93274 1450 E Bardsley. Tulare. CA 93274 617 W Tulare Ave. Vmlia. CA 932i7 2025 E Noble Ave Ste 8, Vlsaln, CA 93292 1660 N Newmmb SI, PolteMlle. CA 93257 71 1 N Courl Sle G, Visaha, CA 93291 139 W Olive Ave. Fresno, CA 93728 12550 Bmkhursl SI Sle A. Garden Grove. CP

559686-1370 559627-9710 559-584-5242 5596862866 55%87-3170 559427-9710 559-635-0351 559-784-1450 559-739-1534 559-2358803

192840 714-636-5040

559-6851 394 559-627-1 590 559-584-0310 559-6865265 559-687-3175 559-627-1590 559-635-WM 559-784-2482 559+?43-4301 559-233-6871

559-6861370 203661407 530584-5700 55%86-2866 213-74%224 203-6614307 209-883-6760 559-784-1450 2108Z2-2828 209-948-5786 714636-5040

I 10% 3 L

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< 1 share: KGEN-F RIP-A

E i2 8 4 - 0

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I KCRZ-F KlOC-F KJUG-F KMQA-F KSEC-F KSLK-F KXQX-F KZPC-F

"A Flnanciai Network, Inc. - 703-818-2425 - www.bta.com 403 BIAfn's RADIO YEARBOOP 2003

Bakersfield, CA (Cant.)

> < NaClAvg Women PWS0"S < Men 3 -

L 8

100% ----

KAFY-AM Nelson F Gomez

KBDS-FM Amulfo Rivas

KBIO-AM Roger Fessler

KCHJ.AM Mike Allen

KCNO-FM Stacie Bohn

KCWR-FM Me1 Owens

KDFOAMFM Sandy Gambh

KERI-AM Don Bevilacqua

KERN-AM Roger Fessler

KGEO-AM Roger Fessler

KGET-AM Sandy Gambhn

KGFM-FM Roger Fessler

KISV-FM Roger Fessler

KIWI-FM Mike Allen

KKBB-FM Steve Damell

KKDJ-FM Sandy Gamblin

KKXX-FM Sandy Gamblin

KLLY-FM Sleve Damell

KMAP-AM AnMane Perez

KMYX-AMFM Amullo R i m

KNZR-AM Steve Damell

KPSL-FM Mike Abn

KOAE-AM Slacie b h n

KRAE-FM San$ Gamblin

KRFR-FM Roger Fessler

KSW-FM Steve Damell

KUZZ-AMFM Me1 Owens

KVLbFM Stacie Bohn

KWAC-AM Mike Allen

PO Box 1039, Hughson. CA 95326 4600 Ashe Rd Sle 313, Bakersfield. CA 93313 PO Box 2700, Bakersfield. CA 93303

5200 Slandard SI, Bakersfield. CA 93306 PO Box 2W8. Kemvle. CA 93236 3223 Sillect Ave, Bakersfield. CA 93306 1100 Mohawk SI Ste 280, Bakersfield, CA 93309 110 S Monlclair SI Ste 205. Bakersfield, CA 93309 PO Box 2700, Bakersfield. CA 93303

PO Box 2703, Bakersfield. CA 93303 1100 Mohawk SI Sle 280, Bakersfield, CA 93309 PO Box 2700, Bakersfield, CA 93303 PO Box 2700. Bakersfield. CA 93303

5200 Slandard SI. Bakesfield. CA 93306

3651 Pegasus Or Sle 107. Bakersfield, CA 93306 1100 Mohawk SI Ste 260. Bakersfield, CA 93309 1100 Mohawk SI Ste 260, Bakersfield, CA 93309 3651 Pegasus Or Ste 107, Baksrsfield, CA 93308

5252 Standard SI. Bakersfield. CA 93306

4533 Ashe Rd Ste 313, Bakersfield, CA 93313 3651 Pegasus Dr Ste 107, Bakenheld, CA 93306

52W Standard S t Bakersfield. CA 93308 PO Box 2008, Kemville. CA 93236 1100 Mohawk SI Sle 260, Bakersfield. CA 93309

PO Box 2700, Bakersfield. CA 93303 3651 Pegasus Dr Sle 107. Bakesfield. CA 93306 3223 Sill& Ave. Bakersfield. CA 93306

PO Box 2006. Kemville. CA 93236 5200 Standard SI. Bakersfield. CA 93306

209-883-8760 661-837-0745

661326-1410 661-327-971 1 760479-5636 661Z?61011 66132-9929 661 432-31 00 661426-1410

661-328-81410 661-322.9929 661.~2e-1410 661-328.141 0

661-327-971 1 661-393-1900 661-322-9929 661-3224929 661-393.1900 661-325-5805 661-837-0745 661-393-1900

661-335-1029 760379.5636 661-322.9929 661-32ai4io 661-393-1900 661-3261011

76C-379-5636

661-327-971 1

209-863-8769 661-837-1612 651-328-0873 €61-327.0797 760-3794 19 661-326.7503 661-322-9239 661-832-3164 661-326-0873

661-3280673

661-322-9239 661-3280673

661-3284673 661-327-0797 661-393-1915 661-322-9239 661-322-9239 661-393-1915 661-325-5606 661-837-1612 661-393-1915

661-327-0797 760479-31 19 661422-9239 6614260673 661.393-1915 661.3287503

760379-3119 661 -3274797

209-683-6780 661-837-0745

661.326-01 16

325461-8225 760-376-4671 661-326.1011 210622.2628

66 1-632.31 00 661.326-0116

661-326-01 16

210822-2828 661-328-01 16

661-3284116

3234614225

203-661-4307 210822.2828 210-822-2626 203661-4307 480609.7111 661-8374745 203-661-4307

323-461.8225 7603764671 210822-2626 661-328-01 16

20M61-4307 661.326-101 1

76037€-4671 323-461-8225

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28 BIA Financial Network, Inc 703-818-2425 www bla.com BIAfn's RADIO YEARBOOP 2003

-~ ~~~~ Fresno, CA (Cont

Metro Rank 68 Pop 832,100 Retail $8.142B Gross Rev $44.7M HH Inc $37,974 1 100%

Persons < v)

Black Hispanic FM LL

0" c 9 d l o 18-24 18-34 25-34 18-44 25-54 Teens 2 5 4 4 35+

PO BOX 2020 Oakhursl. CA 93644 559-683-1031 559-683-5488 559-683-1031 KALZ~FM M a y Lou Gunn KAVT-AM AI PEW KBHH-FM Arnullo Rivas KBIF-AM Tony Donalo KBOS-FM Ma? Lou Gunn KCBL-AM Maw Lou Gum KEZL-FM Mary Lou Gunn KFIG-AM Jeff Negrele KFRR~FM Stephen Miller KFSO.FM Maw Lou Gunn 1 KGST-AM Daniel Crony KHOT-AM KIGS-AM Tony Pieira KIRV-AM Tony Donalo I KJFX~FM Stephen Miller s KJWL-FM John Osllund

2 KKFO-AM William Zawilla KLBN-FM Daniel Crony 5 KMAK-FM Sue B Jones $ KMGV-FM AI Smith - KMJ~AM AI Smith

0 KMMM-FM Daniel Crony $ KMPH-FM Charlie PlaH 0 KNGS-FM William Zawilla

KOKO-FM JoAnna Morones KOOR-AM Chris Pacheco K000-FM Chris Pacheco KOEO-AM AI Perez KRDU-AM Mary Lou Gunn KRNC-FM Chris Pacheco KRZR-FM Mary Lou Gunn hSKS-FM AI Smith KSOF-FM Mary Lou Gunn KVSR-FM Chris Pacheco KWOL-FM Stephen MNer KWRU~AM Albedo Madinez KXEX-AM AI Perez KYNO-AM Ray Carrasco U F O - F M Dora Del Tor0 DOL-FM All Shepherd

c

83 E S b w AVE irl50 Fremo. CA 93710 139 W Olive Ave, Fresno. CA 93728 4600 Ashe Rd Ste 313. BahersLeId. CA 93313 2811 N Wishon Ave. F ~ E S ~ O CA 93704 83 E Shaw Ave 8150, Fresno, CA 93710 83 E Shaw Ave lt150, Fresno, CA 93710 83 E Shaw Ave 4150, Fresno. CA 93710 351 W Cromwell6108 Fresno, CA 9371 1 1066 E Shaw A% Fresno, CA 93710 83 E Shaw Ave #150, Fresno, CA 93710 1110 Easl Olive Ave Fresno. CA 93728 PO Box 180 Tahoma CA 96142 6165 Hwy 198. Hanford CA 93230 2811 N Wishon Ave Fresno CA 93704 1066 E Shaw Ave, Fresno. CA 93710 675 Sanla Fe Ave. Fresno CA 93721 12550 Brookhunt SI Sle A Garden Grove. CA 92840 7 110 Easl Olive Awe Fresno. CA 93728 PO BOX 5, Selma, CA 93662 1071 W Shaw Ave. Fresno, CA 93711 1071 W Shaw Ave, Fresno CA 93711 11 10 East Olive Ave, Fresno. CA 93728 5087 E McKinley Aue F ~ E s ~ o , CA 93727 12550 Brwkhursl SI Sle A , Garden Grove CA 92840 2775 E Shaw AVE, Fresno CA 93710 1071 W Shaw Ave, Fresno. CA 93711 1071 W Shaw Ave, Fresno, CA 93711 139 W Olive Ave. Fresno, CA 93728 597 N Alia Ave, Dinuba CA 93618 1071 W Shaw Ave. Fresno CA 93711 83 E Shaw Ave 1150 Fresno, CA 93710 1071 W Shaw Ave. Fresno, CA 9371 1 83 E Shaw Ave #150. Fresno, CA 93710 1071 W Shaw AVE, Fresno, CA 93711 1066 E Shaw Ave Fresno CA 93710 4910 E Clinton Ave Sle 107 Fresno, CA 93727 139 W Olive Ave. Fresno. CA 93728 2125 N Banon Ave Fresno. CA 93703 PO Box 112. Flesno CA 93707 1981 N Gateway Blvd k101, Fresno, CA 93727

/', ,-~.

559-230-4300 559-499-1680 66 1-837-0745 559-222.0900 559-243-4300 559-243-4300 559-230-4300 559-447-3570 559-230.0104 559.230-4300 559-497-1 100 530-584-5700 559-582-0361 559-222-0900 559-230-01 04 559-497-5118 714-636.5040 559-497-1100 559-626.7922 559-490-9800 559-266-5800 559.497-1 100 559-255-5600 714-636-5040

I 559492-9494 559-490-1019 559-490-1019 559.233-8803 559.591-1130 559.490-1019 559-243-4300 559.490- 1019 559-230-4300 559-490-1 01 9 559-230-01 04 559.452-0940 559-233-8803 559-454.1300 559-455-01 80 559-456-4000

559-243-4301 210-822-2828 559-233-8871 209-948-5786 661-837-1612 661-837-0745 559-222-1573 561231.8928 559-243-4301 210-822-2828 559-243-4301 210-822-2828 559-243-4301 21 0-822-2828 559-447-3579 559.447-3575 559-230-0177 559-434-1715 559-243.4301 210-822-2828 559-497-1 125 323.461.8225 530-584-5705 530-584-5700 559-582-3981 559-222-1573 561-231-8928 559430-0177 559-43.1 715 559-497-9760 559-497-5 I18

714-636-5040 559-437-1 125 323461-8225 559-896.1631 559-626-7922 559.430-5889 21 2.314-9200 559-490-5889 212-314-9200 553-497-1 125 323.4614225 559-255-1060 559.733-7800

714436.5040 559-294-7041 323451.2500 559-4905889 2 12-31 4-9200 559-490-5889 212-314-9200 559.233.8871 209-948.5786 559.591-4822 210-822-2828 559490.5889 2 12.3 14-9200 559-243-4301 21 R822-2828 559.490-5889 21 2.3 14-9200 559-2434301 210.822-2828 559-490.5889 212-314.9200 559-23RO177 559-434- 17 15 559-452-0948 305-463-5000 559-233-8871 209-948-5786 559432430 559456-4105 559455.0 188 3 10.447-3870 559251-9555 310-556-7676

I 10% c 1 share 4

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1 i BIAfn's R A D I O YEARBOOF? ZOO3 134 BIA Ftnancial Network Inc - 703-818-2425 www bla C O ~

- Free timiled Access Highways .~~ Toll Limiled~Accerr Highways - Other Four Lane Divided Highways

I Principal Highways

~~

Other Throuqh Highways

California 11 Northern

Land Area 156 297 sq mi 131 Population 29 839 250 I l l Dimen~ion~ N ~ S 800 miles E W 315 nile\ HNgherl Poinr MI Whilney 14 494 H S C ~ 1 3 In 131 CaplLal Sacramenlo NM~9t

How IO Dctcrminr Dinanre 10 20 M,hl

~~I Largerr Cily Los Angelrs SL 14 ID 131

Mileage 8n red belween led arrowheads. ~n black between

number3 indicate mileage 8nierreci~onr Some interchange

ANDREW P. McCLURE

Andrew P. McClure has been active in the broadcast communications field since 1972.

He was Vice President, Sales, of radio broadcast equipment, first with Schafer Llectronics in Santa Barbara and later with Cetec Broadcast Group when Cetec Corporation purchased Schafer Electronics in 1975. His sales team sold in excess of 1000 program automation systems plus studio and transmitteriantennaisystems to radio station owners during a ten-year period.

In I982 Mr. McClure joined the William A. Exline firm of media brokers in San Rafael, California, as a Sales Associate. In 1986, upon being licensed as a broker by the California DRE, he became a Broker Associate with The Exline Company. Upon William A . Exline's retirement in 1990, Mr. McClure acquired the stock of The Exline Company and became its President. As such he has been instrumental in the saleipurchase of over two hundred radio and television stations. He has also written appraisals for numerous broadcast properties.

Mr. McClure has appeared as an expert witness in various legal actions and has been a licensee in receiverships and bankruptcies. He has served banks and lending institutions in their relationships with broadcast borrowers.

'ANDREW P. McCLURE Page 2

EDUCTIONAL BACKGROUND

-St. lgnatius College Prep 1962 -Seattle IJniversity 1966

-Officer Basic Training, U S Army 1966 -Professional Selling Skills, Xerox Corporation, 1969 4Jniversity of California (Berkeley Extension) 1985-86

BA; Major. Sociology, Minor. Philosophy

24 units in business courses as required for DRE Brokers License

A F F I LI AT1 ONS

-Member, National Association of Broadcasters -Member, Broadcast Pioneers Society -Member, National Association of Media Brokers -Member, California Broadcasters Association -Member, Colorado Broadcasters Association -Member, Idaho State Broadcasters Association -Member, Oregon Association of Broadcasters -Member, Washington State Association of Broadcasters

Andrew P McClure has been a guest speaker at numerous seminars and meetings including the following

-National Association of Broadcasters -National Radio Broadcasters Association -California Broadcasters Association -Colorado Broadcasters Association -IJtah Broadcasters Association -Washington State Association of Broadcasters

CERTIFICATE OF SERVICE

I , Karen R Kelly, a secretary at Katteii Muchin Zavis Rosenlnan, hereby certify that on lliis 9 t h day of February, 2004, :I copy of the foregoing PETlTlON FOR EXTRAORDINARY REI.IEF mas sent via E-mail or First Class mail lo the following.

Thc Honorable ArthtLr I Steinher2' Adrnlnlstrd t i v C Law 1 UdgC Federal Comintmications Comiiiissioii 445 Twelfth S t , S W Room 1 -C86 I Washington, D C 20554

Maureen F Del Duca, ChieP* Jamcs Shook, Esq David .laiias, Esq l n ~ e s ~ i g a ~ i o n s and Hearing Division En forceinen t Bureau Fcdcral Conimunications Commission 445 Twelfth Street, S.W. Room 3A-463 Washingtoii, D C 20554

Harry Martin, Esq * * * Flctchcr, Heald & Hildreth, P L C 1300 North 17th Street, I 1 tli Floor Arlington, VA 22209

* ** Via Hand Delivery *** Via First Class Mail

V i a Fax and Hand Delivcry

~ Kar n R. Kelly