Larry H. Miller Communications Corporation Intends to Purchase Two Local Radio Stations

SALT LAKE CITY (May 16, 2012) – Larry H. Miller (LHM) Communications Corporation has signed a letter of intent to purchase the signals, towers and licenses of two Salt Lake City-area radio stations, 1280 (KZNS-AM) of Salt Lake City and 97.5 (KZNS-FM) of Coalville, Utah, from SLC Divestiture Trust I. In addition, Larry H. Miller Communications Corporation is also currently in discussion with Simmons Media Group to obtain its operating agreement for 960 (KOVO-AM), which serves Utah County.

“The purpose of this venture is to formulate the premier radio group in Utah for local and national sports talk shows, as well as live game broadcasts, while also drastically improving our signal strength and clarity,” said Chris Baum, senior vice president of broadcasting for Larry H. Miller Sports & Entertainment. “This purchase will allow us to protect our base by controlling the distribution of the broadcasts for Utah Jazz, Salt Lake Bees and other sports properties.”

No final decisions have been made regarding programming or personnel for these stations and Larry H. Miller Communications Corporation will have no further comment until any transactions have been completed.