| "Light Media Acquires 49% Interest In WHRH/AM 1360; Seeks Strategic Partner To Develop Radio Site” ATLANTA, GA--(07/11/11). Light Media (OTC: LGMH) announced today that it has acquired a 49% ownership interest in WHRH/AM 1360 FCC Construction Permit and its goal to seek a strategic partner to develop the WHRH/AM 1360 radio site. Situated in Dekalb County (city of Lithonia) approximately 14.2 miles due east of downtown Atlanta, Georgia, WHRH/AM 1360 Construction Permit has initial FCC authorized broadcast power of: 2,500 watts (day) and 1400 watts (night) (touching a 7-county radius). 7 counties that comprise 58.9% of Metro Atlanta Population (3.2 million residents): DeKalb; Pop.: (747,274); Fulton (Atlanta) Pop.: (1,033,756); Gwinnett Pop.: (808,167); Henry Pop.: (201,343); Clayton Pop.: (273,718); Newton Pop.: (96,019); Rockdale Pop.: (82,052). "AM Radio (e.g. ethnic, religious, spanish, talk formats) remains popular in key Top 10 markets, with nearly every radio/multi-media conglomerate (e.g. Beasley Broadcasting, Salem Communications, Cox Communications, etc., excluding Radio One owning atleast one radio station on the AM Dial in Metro Atlanta). Moreover, and further validating the Metro Atlanta AM-Dial value proposition, Urban Talk station WAOK, AM 1380-Atlanta (owned by CBS/Viacom) has invested in a Construction Permit on file now with the FCC seeking to increase WAOK's operating power. Constructing an AM Radio station like WHRH (AM 1360) from the ground-up is a herculean task, which is why a visionary strategic partner will be sought in an effort to help get WHRH (AM 1360) constructed and on-air, so that the citizenry, organizations and businesses in Metro Atlanta would be able to benefit both socially and economically from diverse and refreshing content (24/7). This is a goal that is aspired to hopefully achieve," said Danny Wilson, Managing Director, AM 1360 LLC (51% interest-holder of WHRH) and President, Light Media. WHRH (AM 1360) Signal Contour Map: About Metro Atlanta: The Atlanta metropolitan area or metro Atlanta, officially designated by the US Census Bureau as the Atlanta-Sandy Springs-Marietta Metropolitan Statistical Area, is the most populous metro area in the U.S. state of Georgia and the ninth-largest metropolitan statistical area (MSA) in the United States. In addition to Atlanta, Georgia's capital and largest city, the Atlanta metropolitan area spans up to 28 counties in north Georgia and had a total 2010 population of 5,268,860. About Light Media: Light Media (OTC: “LGMH”), Inspirational Media Specialist, via its integrated portfolio platform partners targets the youth, young adult and adult/family demographic for inspirational media and entertainment that uplifts the community 24/7. For more info., please visit: www.LightMediaHoldings.com. Cautionary Note Regarding Forward-Looking Statements: This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Light Media (OTC: “LGMH”) and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. |
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