GOODBYE WLIR 92.7, HELLO 107.1 THE BOX

GARDEN CITY, NY… The FCC has approved the sale of the assets of the 92.7-FM frequency from Jarad Broadcasting, Inc. and The Morey Organization, Inc. (TMO) of Garden City to Univision Communications Inc., the leading Spanish-language media company in the United States. 92.7-FM is a class A radio station serving Long Island, New York and New York City. The deal is scheduled to close at 12:00 noon today. At that time, WLIR-FM will cease broadcasting on 92.7, and the frequency will be transferred to Univision.

TMO President John Caracciolo will broadcast a formal announcement on 92.7 at 12:00 noon today. In his statement, Caracciolo says, “Jed (Morey) and I, and the entire Morey Organization family, have been extremely honored and privileged to serve the Long Island community with 92.7 WLIR for over 16 years. 2004 is a year of change for all of us and I guarantee that the new year will see big and exciting things from The Morey Organization. We will all miss 92.7 WLIR. There is no other station like it and there will be no other station like it. We wish Univision great luck and success with 92.7. It is an excellent frequency with wonderful heritage and we are confident that it will be to them what it has been to us. This is not the end, it is a new beginning.”

This move will allow The Morey Organization to invest into its three existing radio stations; its newspaper, the Long Island Press; and its restaurant and entertainment center, Palmer’s Bar & Grill. “The family that is WLIR, Jarad Broadcasting and The Morey Organization will still broadcast to our listeners and still help our clients’ businesses grow. We will continue to invest in and to serve Long Island and our community. We will continue to grow as broadcasters and as publishers and we will continue to make our voice heard on Long Island as the company that dares to be different, has the courage to take a chance and has the guts to think out of the box,” said Caracciolo.

As WLIR moves off of the 92.7 dial position, a brand new TMO station will simultaneously hit the airwaves. 107.1 The Box (WLIR-FM), Long Island’s New Music Alternative, will provide cutting edge rock and modern alternative hits from artists such as Linkin Park, Blink 182, the Red Hot Chili Peppers, Trapt, Nirvana, Maroon 5, the Beastie Boys, Audioslave, Korn, No Doubt and Sublime. Additionally, the station will continue ‘LIR’s tradition of fostering unique music from local artists and spinning new music first. The company’s other two stations, Party 105.3-FM (Dance) and 98.5-FM The Bone (Classic Hard Rock) will continue to broadcast their current formats.