Press Release - Major Development

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This is a sample press release announcing a major development affecting the company. Major developments that could be covered include acquisitions, strategic alliances or significant new contracts. It is in Microsoft Word format.

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SAMPLE PRESS RELEASE
MAJOR DEVELOPMENT

FOR IMMEDIATE RELEASE

Contact: Terry Maven
Rupert Media, Inc.
Phone: (818) 771-2000
Fax: (818) 771-2001
E-mail: tmavin@rupertmedia.com

Los Angeles, California (December 29, 2004) – Rupert Media, Inc., the LA based owner of local radio stations, announced it was acquiring KJAZ. KJAZ is the leading jazz radio station in the Los Angeles metropolitan area.

"The combination of KJAZ with our four other local stations will provide our advertisers and listeners with great diversity of listening options and diverse demographics", said Terry Maven, president of Rupert Media, Inc. "The acquisition is also expected to result in greater efficiencies and significantly increase market share," added Maven.

The acquisition of KJAZ was accomplished ...

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