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GRUPO RADIO CENTRO S.A. DE C.V (RC)

Grupo Radio Centro S.A. de C.V., through its subsidiaries, operates as a radio broadcasting company in Mexico. It engages in the production and broadcasting of musical and entertainment programs; daily news programs consisting of 3 minute updates and 10 minute summaries of local, national, and international news; interviews; and special event programs. As of December 31, 2004, the company owned eight AM and five FM radio stations, as well as managed and operated an additional FM station. As of the same date, it had 18 production studios and 13 on air studios. The company also operates a radio network in Mexico. In addition, it provides national sales representation and programming, including national advertising, as well as broadcast-related services to a network of affiliates via satellite. As of December 31, 2004, the company had 106 affiliates located in 74 cities throughout Mexico. It sells commercial air time to advertising agencies and directly to businesses. The company was founded by Francisco Aguirre J. in 1946 and is based in Mexico City, Mexico.


CORUS ENTERTAINMT INCORPORATED (CJR)

Corus Entertainment, Inc. operates as a communications and entertainment company primarily in Canada. It operates in three segments: Radio, Television, and Content. Radio segment operates 51 radio stations primarily in urban centers in Canada. Television segment includes interests in various specialty television networks, pay televisions, conventional television stations, digital audio services, and cable advertising services. Content segment engages in the production and distribution of television programs, as well as in the sale and licensing of related products. The company was incorporated in 1998 as 3470652 Canada, Inc. and changed its name to Corus Entertainment, Inc. in 1999. Corus Entertainment is based in Calgary, Canada.


XM SATELLITE RADIO HOLDINGS INC (XMSR)

XM Satellite Radio Holdings, Inc., a holding company, provides music, entertainment, and information programming for reception by vehicle, home, and portable radios, as well as over the Internet primarily in the United States. The company offers XM NavTraffic, which provides satellite traffic data, and XM WX satellite weather service that offers graphical data weather service to the marine and aviation markets. Its radio services include music genres-commercial free-and live radio entertainment, popular musical formats, sports and entertainment programming, and local traffic and weather programming, as well as XM Radio Online. As of December 31, 2004, it operated approximately 150 channels, including 65 commercial-free music channels; 30 news and talk channels; 31 sports channels; 21 instant traffic and weather channels; 1 emergency alert channel; and premium channels serving 3.2 million subscribers. The company markets its services through various distribution channels, including automotive manufacturers and dealers, national and regional electronics retailers, car audio dealers, and mass retailers and rental car companies. XM Satellite is headquartered in Washington, District Of Columbia.


CLEAR CHANNEL COMMUNICATIONS INC (CCU)

Clear Channel Communications, Inc. operates as a diversified media company. It operates in three segments: Radio Broadcasting, Outdoor Advertising, and Live Entertainment. The Radio Broadcasting segment owns, programs, and sells airtime generating under local marketing agreements or joint sales agreements. It also operates radio networks. The Outdoor Advertising segment owns or operates advertising display faces domestically and internationally. Its display faces include billboards of various sizes, wallscapes, mall displays, transit displays, and street furniture displays. The Live Entertainment segment engages in the promotion, production, and operation of venues for live entertainment events. It produces various events, including music concerts, theatrical shows, museum exhibitions, and specialized sporting events. As of December 31, 2004, the company owned 1,189 domestic radio stations and a national radio network; owned or operated 151,603 domestic outdoor advertising display faces and 671,977 international outdoor advertising display faces; owned or operated 75 live entertainment venues domestically and 29 live entertainment venues internationally; and owned or programmed 40 television stations. The company also engages in the sports representation business. Its sports marketing and management operations specialize in the representation of professional athletes, integrated event management, and marketing consulting services. In addition, the company owns the Katz Media Group, a media representation firm that sells national spot advertising time for clients in the radio and television industries in the United States. Clear Channel Communications was founded in 1972 by Lowry Mays and B.J. Red McCombs. The company is headquartered in San Antonio, Texas.


CUMULUS MEDIA INC (CMLS)

Cumulus Media, Inc., a radio broadcasting company, engages in the acquisition, ownership, and operation of radio stations in mid-size markets in the United States. As of December 31, 2004, the company owned and operated 291 radio stations in 59 mid-sized media markets, as well as provided sales and marketing services for 12 radio stations in 6 markets. Cumulus Media was founded in 1997 by Lewis W. Dickey, Jr. and is headquartered in Atlanta, Georgia.


BEASLEY BROADCAST GROUP INC (BBGI)

Beasley Broadcast Group, Inc. engages in the ownership and operation of radio stations in the United States. As of February 9, 2005, it had 41 radio stations, including 26 FM and 15 AM in Atlanta and Augusta, Georgia; Boston, Massachusetts; Philadelphia, Pennsylvania; Las Vegas, Nevada; West Palm Beach-Boca Raton, Miami-Ft. Lauderdale, and Ft. Myers-Naples, Florida; and Greenville-New Bern-Jacksonville and Fayetteville, North Carolina. The company's radio stations offer various programming formats, including religious, Hispanic, rhythmic CHR country, financial, sports/talk, health, foreign language, classic rock, News/Talk, alternative rock, classic country, 80's, adult standards, alternative rock, urban, oldies, and adult contemporary. Beasley Broadcast Group was founded by George G. Beasley in 1961. The company is headquartered in Naples, Florida.


SIRIUS SATELLITE RADIO INC (SIRI)

Sirius Satellite Radio, Inc. offers satellite radio services in the United States. The company provides commercial-free music channels comprising pop, rock, country, hip hop, r&b/urban, dance/electronic, jazz/standards, classical, and latin and world; and channels of sports, news, talk, entertainment, traffic, and weather programs. As of December 31, 2004, the company broadcasted 120 channels of programming to listeners, 65 channels of commercial-free music and feature, and 55 channels of sports, news, talk, entertainment, traffic, and weather for a monthly subscription fee. As of the same date, it served approximately 1,143,258 subscribers primarily in New York; Houston, Texas; Memphis and Nashville, Tennessee; and Los Angeles, California. The company was incorporated as Satellite CD Radio, Inc. in 1990 and changed its name to CD Radio, Inc. in 1992. Further, it changed its name to Sirius Satellite Radio, Inc. in 1999. Sirius Satellite Radio is headquartered in New York City.


SAGA COMMUNICATIONS INC (SGA)

Saga Communications, Inc., a broadcast company, engages in the acquisition, development, and operation of radio and television stations in the United States. As of February 28, 2005 the company owned and/or operated 5 television stations and 4 low-power television stations serving 3 markets, 5 state radio networks, and 55 FM and 27 AM radio stations serving 22 markets, including Columbus, Ohio; Norfolk, Virginia; and Milwaukee, Wisconsin. The radio stations employ a variety of programming formats, including classic hits, adult contemporary, album-oriented rock, news/talk, country, and classical. The television stations comprise two CBS affiliates, one ABC affiliate, two Fox affiliates, one Univision affiliate, one NBC affiliate, and one Telemundo affiliate. The company also develops local programming, including a local news franchise in each of its television markets. Saga Communications is headquartered in Grosse Pointe Farms, Michigan.


WORLDSPACE INC (WRSP)

WorldSpace, Inc. engages in the design, development, construction, deployment, and financing of a satellite-based radio and data broadcasting service. It offers various international, national, and regional radio programming services, which include music, news, sports, and entertainment channels. The company also provides consumer audio receivers. It has operations primarily in the United States, France, Kenya, South Africa, Singapore, China, and India. As of December 31, 2006, the company had approximately 199,000 paying subscribers, including 162,000 subscribers in India, 2,000 subscribers in the Middle East, 26,000 subscribers in Africa, and 6,000 subscribers in Europe. WorldSpace was founded in 1990 and is headquartered in Silver Spring, Maryland.


COX RADIO INC (CXR)

Cox Radio, Inc., a radio broadcasting company, engages in the operation, acquisition, and development of radio stations in the United States. The company operates various programming formats, including news/talk, urban adult contemporary, adult contemporary, rhythmic contemporary hit radio (CHR), Hawaiian CHR, dance CHR, R and B/soul, hip hop, country, 80's, gospel, oldies, classic country, classic rock, country legends, mainstream rock, hot adult contemporary, soft adult contemporary, active rock, soft adult contemporary, alternative rock, and classic hits. As of February 24, 2005, it operated and provided sales and other services to 79 radio stations, including 66 FM and 13 AM cluster in 18 markets in the United States. The company is based in Atlanta, Georgia. Cox Radio, Inc. is a subsidiary of Cox Broadcasting, Inc., as of December 31, 2004.


ENTERCOM COMMUNICATIONS CORPORATION (ETM)

Entercom Communications Corp. serves as a radio broadcasting company in the United States. It owns and operates a portfolio of radio stations in Boston, Seattle, Denver, Portland, Sacramento, Kansas City, Indianapolis, Milwaukee, New Orleans, Norfolk, Buffalo, Memphis, Providence, Greensboro, Greenville/Spartanburg, Rochester, Madison, Wichita, Wilkes-Barre/Scranton, and Gainesville/Ocala markets. Entercom's stations provide various types of programming, such as news, talk, classic rock, adult contemporary, alternative, oldies and jazz, and others. In addition, it also operates as the exclusive radio broadcaster for the Boston Red Sox, Seattle Seahawks, New Orleans Saints, Buffalo Sabres, and various college sports teams. Entercom Communications Corp. has strategic alliance with Greater Media, Inc. and Infinity Broadcasting, Inc. for the rollout of HD Digital Radio. The company was founded by Joseph M. Field in 1968. Entercom Communications is based in Bala Cynwyd, Pennsylvania.


REGENT COMMUNICATIONS INC (RGCI)

Regent Communications, Inc., a radio broadcasting company, engages in the acquisition, development, and operation of radio stations in United States. The company's station programming format include gospel, classic rock, alternative, contemporary christian, religious, country, soft adult contemporary, CHR, oldies, ESPN, and news/talk/sports. As of December 31, 2004, it owned 56 FM and 19 AM radio stations in Chico and Redding, California; Ft. Collins-Greeley, Colorado; Bloomington and Peoria, Illinois; Evansville, Indiana; Owensboro, Kentucky; Lafayette, Louisiana; Flint and Grand Rapids, Michigan; St. Cloud, Minnesota; Albany, Utica, and Watertown, New York; and El Paso, Texas. Regent was formed in 1996 and is based in Cincinnati, Ohio.


RADIO ONE INC (ROIAK)

Radio One, Inc. engages in the acquisition, operation, and maintenance of radio broadcasting stations in the United States. It primarily operates in African-American radio markets and focuses on urban formats. As of April 5, 2005, the company owned and/or operated 69 radio stations located in 22 urban markets. As of the above date, Radio One owned approximately 36% of TV One, LLC, an African-American targeted cable network; and 51% interest in Reach Media, Inc., which operates a radio program and related businesses. It provides one channel of urban radio programming to XM Satellite Radio, Inc.'s satellite delivered digital audio radio service. The company was founded in 1980 by Catherine L. Hughes and is headquartered in Lanham, Maryland.


SALEM COMMUNICATIONS CORPORATION (SALM)

Salem Communications Corporation, a commercial radio broadcasting company, engages in the ownership and operation of radio stations in the United States. It develops, produces, and syndicates a range of programming targeted to Christian, and family issues talk and music stations, as well as general market News Talk stations. The company also owns and operates Salem Web Network that provides on-demand audio streaming and related services; Salem Radio Representatives, a sales representation company, specializing in placing national advertising on religious format radio stations; and Salem Publishing, which publishes magazines that follow the Christian music industry. Salem Communications Corporation sells commercial air time to national advertisers for Salem's radio stations and networks, and for independent radio station affiliates. As of December 31, 2004, it operated 98 radio stations, as well as owned Salem Radio Network with approximately 1,900 affiliated radio stations. Salem Communications Corporation was formed in 1986 and is headquartered in Camarillo, California.


SPANISH BROADCASTING SYSTEM INC (SBSA)

Spanish Broadcasting System, Inc. engages in the ownership and operation of radio stations serving the Hispanic markets in the United States. The company owns 20 broadcasting stations, which are located in Los Angeles, New York, Puerto Rico, Chicago, Miami, and San Francisco. It also operates LaMusica.com, a bilingual Spanish-English Internet Web site providing content related to Latin music, entertainment, news, and culture. The company's programming formats include Spanish Tropical, which consists of salsa, meringue, and cumbia music; Regional Mexican, which consists of various types of music played in different regions of Mexico, such as ranchera, norteña, banda, and cumbia; Spanish Adult Contemporary, which includes soft romantic ballads and Spanish pop music; Spanish Oldies, which includes Latin and English classics; and the Spanish Hot Adult Contemporary, that consists of rock ballads, as well as alternative dance and pop music. It also offers the Mexican Adult Contemporary format, which includes pop music and ballads with an emphasis on Mexican artists; American Adult Contemporary format that consists of the American chart hits from the 1980's and 1990's; and the American Top 40 format, which consists of the popular current chart hits. Spanish Broadcasting System was founded in 1983 and is headquartered in Coconut Grove, Florida.


EMMIS COMMUNICATIONS CORPORATION (EMMS)

Emmis Communications Corporation engages in radio broadcasting, television broadcasting, and magazine publishing primarily in the United States. As of February 28, 2005, the company owned and operated 7 FM radio stations serving New York, Los Angeles, and Chicago, as well as 16 FM and 2 AM radio stations in Phoenix, St. Louis, Austin, Indianapolis, and Terre Haute in Indiana. As of the above date, it also owned and operated 16 television stations with various network affiliations, including 5 with CBS, 5 with FOX, 3 with NBC, 1 with ABC, and 2 with WB. In addition, Emmis Communications operates a news information radio network in Indiana; publishes Texas Monthly, Los Angeles, Atlanta, Indianapolis Monthly, Cincinnati, Tu Ciudad, and Country Sampler and related magazines; and operates an international radio business and a regional book publisher. As of February 28, 2005, it operated nine FM radio stations in the Flanders region of Belgium and a radio network in Slovakia, as well as had a 59.5% interest in a radio station in Hungary. Further, the company engages in consulting and broadcast tower leasing. Emmis Communications has strategic alliance with Bonneville International Corporation, Citadel Broadcasting Corp., and Clear Channel Radio for the rollout of HD Digital Radio. The company is headquartered in Indianapolis, Indiana.


CITADEL BROADCASTING CORPORATION (CDL)

Citadel Broadcasting Corporation operates as a radio broadcasting company in the United States. It owns and operates radio stations and holds Federal Communications Commission licenses in 24 states. As of February 28, 2005, the company owned and operated 155 frequency modulation and 58 amplitude modulation radio stations in 47 markets in the United States. Citadel Broadcasting Corp. has strategic alliance with Bonneville International Corporation, Emmis Communications Corp., and Clear Channel Radio for the rollout of HD Digital Radio. The company was founded in 1984 and is based in Las Vegas, Nevada.