Document:

FIRST AMENDMENT TO SECOND AMENDED AND RESTATED
                           LOAN AND SECURITY AGREEMENT

         This First Amendment to Second Amended and Restated Loan and Security
Agreement ("Amendment") is dated as of June 30, 2000 and is entered into by and
between Guardian International, Inc. ("Borrower"), the Borrowing Subsidiaries
from time to time parties thereto and Heller Financial, Inc., ("Lender").

         WHEREAS, Lender and Borrower are parties to a certain Second Amended
and Restated Loan and Security Agreement dated February 23, 1998 (as such
agreement has from time to time been amended, supplemented or otherwise
modified, the "Agreement"); and

         WHEREAS, the parties desire to amend the Agreement as hereinafter set
forth.

         NOW THEREFORE, in consideration of the mutual conditions and agreements
set forth in the Agreement and this Amendment, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:

         1. Definitions. Capitalized terms used in this Amendment, unless
otherwise defined herein, shall have the meaning ascribed to such terms in the
Agreement.

         2. Amendments. Subject to the conditions set forth below, the Agreement
is amended as follows:

                  (a) Paragraph (2) of Subsection 2.1 is amended by deleting
such subsection in its entirety and inserting the following in lieu thereof:

                  "2.1 (2) "Borrowing Base" means, as of any date of
                  determination, an amount equal to the lesser of (a) Borrowers'
                  Pro Forma EBIDAT as of the last day of the most recently ended
                  fiscal month for the trailing twelve-month period then ended,
                  multiplied by 4.00, or (b) aggregate MRI in respect of all
                  Contracts of Borrowers as of the last day of the then most
                  recently ended month, multiplied by 25. The Borrowing Base
                  shall be determined from time to time based on the most recent
                  Borrowing Base Certificate delivered by Borrower
                  Representative to Lender. "Pro Forma EBIDAT" shall be defined
                  and calculated in accordance with the Borrowing Base
                  Certificate attached hereto as Exhibit A."

                  (b) Annex A attached to the Agreement is amended by deleting
the definition of "Expiry Date" in its entirety and inserting the following in
lieu thereof:

                  "Expiry Date" means the earlier of (a) the suspension (subject
                  to reinstatement) of the Lender's obligations to make Loans
                  pursuant to subsection 8.2, (b) the acceleration of the
                  Obligations pursuant to subsection 8.3 or (c) June 30, 2002.

<PAGE>

         3. Conditions. The effectiveness of this Amendment is subject to the
following conditions precedent (unless specifically waived in writing by Agent):

                  (a) Borrower shall have executed and delivered this Amendment
and such other documents and instruments as Lender may require shall have been
executed and/or delivered to Agent;

                  (b) All proceedings taken in connection with the transactions
contemplated by this Amendment and all documents, instruments and other legal
matters incident thereto shall be satisfactory to Lender and its legal counsel;

                  (c) No Default or Event of Default shall have occurred and be
continuing; and

                  (d) Borrower shall have paid Lender an amendment fee in the
amount of $150,000.

         4. Representations and Warranties. To induce Lender to enter into this
Amendment, Borrower represents and warrants to Lender:

                  (a) that the execution, delivery and performance of this
Amendment has been duly authorized by all requisite corporate action on the part
of Borrower and that this Amendment has been duly executed and delivered by
Borrower;

                  (b) that each of the representations and warranties set forth
in Section 4 of the Agreement (other than those which, by their terms,
specifically are made as of certain date prior to the date hereof) are true and
correct in all material respects as of the date hereof; and

         5. Severability. Any provision of this Amendment held by a court of
competent jurisdiction to be invalid or unenforceable shall not impair or
invalidate the remainder of this Amendment and the effect thereof shall be
confined to the provision so held to be invalid or unenforceable.

         6. References. Any reference to the Agreement contained in any
document, instrument or agreement executed in connection with the Agreement
shall be deemed to be a reference to the Agreement as modified by this
Amendment.

         7. Counterparts. This Amendment may be executed in one or more
counterparts, each of which shall constitute an original, but all of which taken
together shall be one and the same instrument.

         8. Ratification. The terms and provisions set forth in this Amendment
shall modify and supersede all inconsistent terms and provisions of the
Agreement and shall not be deemed to be a consent to the modification or waiver
of any other term or condition of the Agreement.

                                       2
<PAGE>

Except as expressly modified
and superseded by this Amendment, the terms and provisions of the Agreement are
ratified and confirmed and shall continue in full force and effect.

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed under seal and delivered by their respective duly authorized
officers on the date first written above.

Heller Financial, Inc.,                       GUARDIAN INTERNATIONAL, INC.

By:  /s/Scott E. Gast                         By: /s/ Darius G. Nevin
     ----------------                             -------------------
Title: Assistant Vice President               Title:  Chief Financial Officer
                                                      and Vice President

                                       3e-travelserve.com, Inc.

                               AMENDMENT NO. 1 TO
                      YEAR 2000 STOCK AWARD AND OPTION PLAN

Article 3 of the Year 2000 Stock Award and Option Plan (the "Plan") is hereby
amended to read as follows:

3. Shares Available Under the Plan. The stock subject to Options and Stock
Awards shall be shares of the Company's Common Stock, .001 par value (the
"Common Stock"). The total number of shares of Common Stock available under the
Plan shall not exceed in the aggregate 20,000,000 shares, provided, that the
class and aggregate number of shares which may be subject to grant hereunder
shall be subject to adjustment in accordance with the provisions of Paragraph 11
hereof. Such shares may be treasury shares or authorized but unissued shares. If
any outstanding Option or Stock Award expires or is terminated by reason of the
death or severance of employment of the optionee or grantee, the shares of
Common Stock allocable to the unexercised portion of that Option or the
forfeited Stock Award may again be available under the Plan.

All other provisions of the Plan remain unchanged and are hereby ratified and
confirmed in their entirety.Exhibit 10.08.06

                            ASSET EXCHANGE AGREEMENT
                                  by and among
                                COX RADIO, INC.,
                               CXR HOLDINGS, INC.,
                        SALEM COMMUNICATIONS CORPORATION
                                       and
                         SOUTH TEXAS BROADCASTING, INC.
                            Dated as of May 31, 2000

                                TABLE OF CONTENTS
                                -----------------
                                                                           Page
                                                                           ----
1.     Exchange  of  Personal  Property; Exchange of Real Property;
       Exchange of Contracts  and  Licenses.                                  2
1.1    Exchange  of  Tangible  Personal  Property                             2
1.2    Exchange  of  Real  Property                                           3
1.3    Exchange  of  Licenses                                                 3
1.4    [Intentionally  Omitted]                                               4
1.5    Excluded  Assets                                                       4
1.6    Assumption  of  Liabilities                                            5
1.7    Section  1031                                                          5
2.     [Intentionally  Omitted].                                              6
3.     [Intentionally  Omitted]                                               6
4.     Closing                                                                6
4.1    Closing  Deliveries                                                    7
4.2    Prorations.                                                            8
4.3    Further  Assurances.                                                   9
5.     Representations  and  Warranties  of  Cox.                            10
5.1    Organization;  Good  Standing.                                        10
5.2    Authority                                                             10
5.3    No  Breach  or  Violation                                             10
5.4    Approvals                                                             10
5.5    No  Litigation                                                        11
5.6    Brokerage                                                             11
5.7    Title  to  and  Condition  of  Tangible  Personal  Property           11
5.8    Title  to  and  Condition  of  Real  Property.                        12
5.9    Licenses.                                                             12
5.10   FCC  Compliance                                                       12
5.11   Compliance  with  Laws                                                12
5.12   Environmental  Matters                                                12
5.13   Accuracy  of  Information  Furnished                                  13
5.14   Taxes                                                                 13
5.15   Definition  of  Knowledge                                             13
6      Representations  and  Warranties  of  Cox  for  the  RRC Station
       and Stock Purchase  Agreement                                         13
6.1.   Stock  Purchase  Agreement                                            13
6.2    Organization;  Good  Standing                                         14
6.3    Authority                                                             14
6.4    No  Breach  or  Violation                                             14
6.5    Approvals                                                             15
6.6    No  Litigation                                                        15
6.7    Brokerage                                                             15
6.8    Accuracy  of  Information  Furnished                                  15
7.     Representations  and  Warranties  of  Salem                           15
7.1    Organization;  Good  Standing                                         15
7.2    Authority                                                             15
7.3    No  Breach  or  Violation                                             15
7.4    Approvals                                                             16
7.5    No  Litigation                                                        16
7.6    Brokerage                                                             16
7.7    Title  to  and  Condition  of  Tangible  Personal  Property           16
7.8    Title  to  and  Condition  of  Real  Property                         16
7.9    Licenses                                                              17
7.10   FCC  Compliance.                                                      17
7.11   Compliance  with  Laws.                                               18
7.12   Environmental  Matters                                                18
7.13   Accuracy  of  Information  Furnished                                  18
7.14   Taxes                                                                 18
7.15   Definition  of  Knowledge                                             19
8.     Covenants  of  the  Parties                                           19
8.1    FCC  Applications                                                     19
8.2    Stock  Purchase  Agreement                                            19
8.3    No  Solicitation  Of  Third  Parties  or  Employees                   20
8.4    Access.                                                               20
8.5    Inconsistent  Actions.                                                20
8.6    Cooperation                                                           20
8.7    Control  of  the  Stations                                            20
8.8    Risk  of  Loss                                                        21
8.9    Third  Party  Consents                                                21
8.10   Title  Insurance  and  Surveys                                        21
8.11   Compliance  With  HSR  Act                                            22
8.12   Confidentiality                                                       22
8.13   Financial  Statements                                                 22
9.     Conditions  to  Salem's  Obligations.                                 23
9.1    Representations,  Warranties  and  Covenants.                         23
9.2    Approvals  of  Governmental  Authorities                              23
9.3    No  Adverse  Proceedings                                              23
9.4    Consents                                                              23
9.5    Closing  Documents.                                                   23
9.6    FCC  Consent.                                                         23
9.7    Resolutions                                                           23
9.8    HSR  Act                                                              23
10.    Conditions  to  Cox's  Obligations.                                   23
10.1   Representations,  Warranties  and  Covenants                          24
10.2   Approvals  of  Governmental  Authorities.                             24
10.3   No  Adverse  Proceedings.                                             24
10.4   Consents                                                              24
10.5   Closing  Documents                                                    24
10.6   FCC  Consent                                                          24
10.7   Resolutions                                                           24
10.8   HSR  Act                                                              24
10.9   Stock  Purchase  Agreement                                            24
11.    Termination                                                           24
12.    Survival  of Representations and Warranties and Indemnification.      25
12.1   Survival                                                              25
12.2   Indemnification  by  Cox                                              25
12.3   lndemnification  by  Salem                                            26
12.4   Procedure  for  Indemnification                                       26
12.5   Specific  Performance                                                 27
12.6   Opportunity  to  Cure                                                 27
12.7   Rights  under  Stock  Purchase  Agreement                             28
13.    Taxes,  Costs  and  Expenses                                          28
14.    Benefit  of  Agreement;  Assignment                                   28
15.    Notices                                                               28
16.    Severability                                                          29
17.    Entire  Agreement                                                     29
18.    Governing  Law                                                        29
19.    Exhibits                                                              29
20.    Counterparts                                                          30
21.    Intentionally  Omitted                                                30
22.    Amendment;  Waiver                                                    30
23.    Attorney's  Fees                                                      30
24.    Defined  Terms                                                        30

                                    SCHEDULES
                                    ---------
SCHEDULES  TO  BE  DELIVERED  BY  COX
Schedule  1.1A          -     Cox  Tangible  Personal  Property
Schedule  1.1B          -     RRC  Tangible  Personal  Property
Schedule  1.2A          -     Cox  Real  Property
Schedule  1.2B          -     RRC  Real  Property
Schedule  1.3A          -     Cox  Licenses
Schedule  1.3B          -     RRC  Licenses
Schedule  5.3           -     Consents
Schedule  5.4           -     Governmental  Approvals
Schedule  5.5           -     Litigation
Schedule  5.7           -     Title to and Condition  of Cox Tangible Personal
Property
Schedule  5.8           -     Title  to  and Condition  of Cox  Real Property
Schedule  5.10          -     FCC  Compliance
Schedule  5.12          -     Environmental  Matters
Schedule  5.14          -     Taxes

SCHEDULES  TO  BE  DELIVERED  BY  SALEM
Schedule  1.1C          -     Salem  Tangible  Personal  Property
Schedule  1.2C          -     Salem  Real  Property
Schedule  1.3C          -     Salem  Licenses
Schedule  7.3           -     Consents
Schedule  7.4           -     Governmental  Approvals
Schedule  7.5           -     Litigation
Schedule  7.7           -     Title to and Condition of Salem Tangible Personal
Property
Schedule  7.8           -     Title  to and Condition of  Salem  Real Property
Schedule  7.9           -     Licenses
Schedule  7.10          -     FCC  Compliance
Schedule  7.12          -     Environmental  Matters
Schedule  7.14          -     Taxes

                            ASSET EXCHANGE AGREEMENT
                            ------------------------
     THIS  ASSET EXCHANGE AGREEMENT ("Agreement") is made and entered into as of
this 31st day of May, 2000, by and among COX RADIO, INC., a Delaware corporation
("CRI"),  CXR HOLDINGS, INC., a Nevada corporation ("CXR" and together with CRI,
collectively  referred  to herein as "Cox"), SALEM COMMUNICATIONS CORPORATION, a
Delaware  corporation  ("SCC"),  and  SOUTH  TEXAS  BROADCASTING,  INC., a Texas
corporation  ("STB"  and  together  with SCC, collectively referred to herein as
"Salem").
WHEREAS,  Cox  currently  owns and operates Radio Stations WSUN(AM), Plant City,
Florida,  and  KLUP(AM),  Terrell Hills, Texas (the "Cox Stations"), pursuant to
certain  licenses  and  authorizations  issued  by  the  Federal  Communications
Commission  (the  "FCC");  and
WHEREAS,  CRI  has  elected  to exercise a right of first refusal granted to CRI
under an Agreement for Right of First Refusal dated as of April 3, 1995, between
WSB  Radio,  Inc.,  predecessor-in-interest  to  CRI,  and Ring Radio Company, a
Georgia  corporation  ("RRC");  and
WHEREAS,  in  exercising its right of first refusal, CRI will execute on June 1,
2000  a  Stock  Purchase  Agreement  among CRI, Midwestern Broadcasting Company,
Inc.,  an  Ohio  corporation  ("Midwestern"), and the stockholders of Midwestern
(the  "Stockholders")  (the  "Stock  Purchase Agreement"), pursuant to which CRI
will  agree  to  acquire  the issued and outstanding capital stock of Midwestern
from  the  Stockholders;  and
WHEREAS,  CRI  will  deliver  the Stock Purchase Agreement to Midwestern and the
Stockholders  on  June  1,  2000;  and
WHEREAS,  Midwestern  owns  100%  of the issued and outstanding capital stock of
RRC,  which  owns  and operates Radio Station WALR-FM, Athens, Georgia (the "RRC
Station"),  pursuant  to  certain licenses and authorizations issued by the FCC;
and
WHEREAS, STB owns and operates Radio Station KKHT(FM), Conroe, Texas (the "Salem
Station") pursuant to certain licenses and authorizations issued by the FCC; and
WHEREAS, upon the closing of the transactions contemplated by the Stock Purchase
Agreement  (the  "Stock  Purchase  Closing"),  Cox  and  Salem  intend  to
contemporaneously  exchange  certain  property and assets used and useful in the
operations of the Cox Stations and the RRC Station on the one hand and the Salem
Station  on  the  other  hand (collectively, sometimes referred to herein as the
"Stations");  and
WHEREAS,  Cox  and  Salem  intend to transfer the Stations in a transaction that
will  qualify  as  a  "like-kind  exchange" for nonrecognition of taxable income
under  Section  1031  of  the  Internal  Revenue  Code  of 1986, as amended (the
"Code"),  and  Cox  and Salem are willing to take such steps as are necessary on
their  respective  parts  to  enable  the transactions contemplated hereby to so
qualify;  and
WHEREAS,  the  prior  consent  of  the  FCC  to the transfer of the licenses and
authorizations  issued  by  the  FCC  for  the  Stations  is required, and it is
intended that if such consent is obtained, the transactions contemplated by this
Agreement  will  be consummated subject to all of the other terms and conditions
of  this  Agreement.
NOW,  THEREFORE,  in  consideration  of the mutual promises herein set forth and
subject  to  the  terms  and  conditions  hereof,  the parties agree as follows:
EXCHANGE  OF PERSONAL PROPERTY; EXCHANGE OF REAL PROPERTY; EXCHANGE OF LICENSES.
-------------------------------------------------------------------------------
     EXCHANGE  OF  TANGIBLE  PERSONAL  PROPERTY.  At  the Closing (as defined in
     ------------------------------------------
SECTION  4),
     (a)  Cox  shall,  or  cause RRC to, transfer, assign, convey and deliver to
Salem,  and  Salem  shall accept and acquire from Cox or RRC as the case may be,
(i)  all  of  the  tangible  personal  property that is listed on Schedule 1.1A,
                                                                  -------------
together  with  any  replacements  thereof or additions thereto made between the
date  of  this  Agreement  and  the  Closing  Date  (the  "Cox Tangible Personal
Property"),  and  (ii) all records relating to the Cox Assets (as defined below)
including but not limited to, the public inspection files that relate to the Cox
Stations  and  all  proprietary  information  and  data,  maps, plans, diagrams,
blueprints,  schematics  and  technical  drawings,  engineering records, and FCC
applications  and  filings maintained with respect to the Cox Assets (as defined
below)  pursuant  to  the  rules and regulations of the FCC (the "Cox Records");
(b)  Cox shall cause RRC to transfer and assign, convey and deliver to Salem and
Salem  shall  accept  and  acquire  from  RRC  (i)  all of the tangible personal
property that is listed on Schedule 1.1B, together with any replacements thereof
                           -------------
or  additions  thereto  made  between the date of this Agreement and the Closing
Date  (the  "RRC  Tangible Personal Property"), and (ii) all records relating to
the  RRC  Assets  (as  defined  below)  including but not limited to, the public
inspection  files that relate to the RRC Station and all proprietary information
and  data, maps, plans, diagrams, blueprints, schematics and technical drawings,
engineering  records and FCC Applications and filings maintained with respect to
the  RRC  Assets (as defined below) pursuant to the rules and regulations of the
FCC  (the  "RRC  Records");
(c)  Salem  shall  transfer,  assign,  convey  and deliver to RRC, and RRC shall
accept  and  acquire from Salem (i) all of the tangible personal property listed
on  Schedule  1.1C,  together with any replacements thereof or additions thereto
    --------------
made  between  the  date  of  this  Agreement  and  the Closing Date (the "Salem
Tangible  Personal Property"), and (ii) all records relating to the Salem Assets
(as  defined  below)  including  but not limited to, the public inspection files
that relate to the Salem Station and all proprietary information and data, maps,
plans,  diagrams,  blueprints,  schematics  and  technical drawings, engineering
records,  and  FCC applications and filings maintained with respect to the Salem
Assets  (as defined below) pursuant to the rules and regulations of the FCC (the
"Salem  Records");  and
(d)  the  Cox  Tangible  Personal  Property,  the  Cox Records, the RRC Tangible
Personal Property, the RRC Records, the Salem Tangible Personal Property and the
Salem Records shall be conveyed free and clear of all liens, mortgages, pledges,
covenants,  security  interests,  charges,  claims  or  encumbrances of any kind
whatsoever  ("Liens")  except  for  (i)  Liens for current taxes not yet due and
payable  or  the  validity  of  which  are  being  contested  in  good  faith by
appropriate  proceedings and (ii) with respect to the Cox Real Property, the RRC
Real  Property and the Salem Real Property, easements, covenants, conditions and
restrictions  of  record that do not individually or in the aggregate materially
and  adversely  affect  said  real  property  (collectively, "Permitted Liens").
     EXCHANGE  OF  REAL  PROPERTY.  At  the  Closing,
     ----------------------------
     (a)  Cox  shall,  or  cause RRC to, transfer, assign, convey and deliver to
Salem,  and  Salem shall accept and acquire from Cox or RRC, as the case may be,
all  real  property  and  interests  in  real  property,  including fee estates,
leaseholds  and  subleaseholds  ("Cox  Real Property Leases"), purchase options,
easements,  licenses, rights to access, and rights of way, and all buildings and
other  improvements  thereon, and other real property interests which are listed
on  Schedule  1.2A,  together  with  any  replacements thereof and any additions
    --------------
thereto  made  between the date of this Agreement and the Closing Date (the "Cox
   --
Real  Property");
(b)  Cox  shall  cause RRC to transfer, assign, convey and deliver to Salem, and
Salem shall accept and acquire from RRC, all real property and interests in real
property,  including  fee  estates,  leaseholds  and  subleaseholds  ("RRC  Real
Property  Leases"), purchase options, easements, licenses, rights to access, and
rights  of  way, and all buildings and other improvements thereon and other real
property  interests which are listed on Schedule 1.2B, and any additions thereto
                                        -------------
made  between  the  date  of  this Agreement and the Closing Date (the "RRC Real
Property");
(c)  Salem  shall  transfer,  assign,  convey  and deliver to RRC, and RRC shall
accept and acquire from Salem, all real property and interests in real property,
including  fee  estates,  leaseholds  and  subleaseholds  ("Salem  Real Property
Leases"), purchase options, easements, licenses, rights to access, and rights of
way,  and  all buildings and other improvements thereon, and other real property
interests  which  are  listed  on  Schedule 1.2C, together with any replacements
                                   -------------
thereof  and  any  additions thereto made between the date of this Agreement and
the  Closing  Date  (the  "Salem  Real  Property");  and
(d)  The  Cox  Real Property, the RRC Property and the Salem Real Property shall
be  conveyed  free  and  clear  of  all  Liens  (except  for  Permitted  Liens).
     EXCHANGE  OF  LICENSES.  At  the  Closing,
     ----------------------
     (a)  Cox  shall  assign,  or  cause RRC to assign to Salem, and Salem shall
accept from Cox or RRC, as the case may be, all of such party's right, title and
interest  in  and  to  the  licenses,  permits, authorizations and call letters,
qualifications,  orders, franchises, certificates, consents and approvals issued
to  Cox  or RRC, as the case may be, by any governmental or regulatory agency or
authority,  whether  Federal,  state  or  local, and used in connection with the
operation  of the Cox Stations, including the licenses and authorizations issued
by  the  FCC for the Cox Stations (the "Cox FCC Licenses"), and all applications
for  such licenses and authorizations to the extent assignable, all of which are
set  forth  on  Schedule  1.3A  (the  "Cox  Licenses"  and together with the Cox
                --------------
Tangible  Personal Property, the Cox Records and the Cox Real Property, the "Cox
Assets");
(b)  Cox  shall  cause  RRC to assign to Salem, and Salem shall accept from RRC,
all  of  RRC's  right,  title  and  interest  in  and  to the licenses, permits,
authorizations  and  call  letters,  qualifications,  orders,  franchises,
certificates,  consents  and  approvals  issued  to  RRC  by any governmental or
regulatory  agency  or  authority,  whether Federal, state or local, and used in
connection  with  the  operation  of the RRC Station, including the licenses and
authorizations  issued  by the FCC for the RRC Station (the "RRC FCC Licenses"),
and  all  applications  for  such  licenses  and  authorizations  to  the extent
assignable,  all of which are set forth on Schedule 1.3B (the "RRC Licenses" and
                                           -------------
together  with  the  RRC Tangible Personal Property, the RRC Records and the RRC
Real  Property,  the  "RRC  Assets");
(c)  Salem  shall  assign to RRC and RRC shall accept from Salem, all of Salem's
right,  title  and  interest in and to the licenses, permits, authorizations and
call  letters,  qualifications,  orders,  franchises, certificates, consents and
approvals issued to Salem by any governmental or regulatory agency or authority,
whether  Federal,  state  or local, and used in connection with the operation of
the  Salem  Station  as now conducted, including the licenses and authorizations
issued  by  the  FCC  for  the Salem Station (the "Salem FCC Licenses"), and all
applications  for such licenses and authorizations to the extent assignable, all
of  which are set forth on Schedule 1.3C (the "Salem Licenses" and together with
                           -------------
the  Salem  Tangible  Personal  Property,  the  Salem Records and the Salem Real
Property,  the  "Salem  Assets");  and
(d)  The Cox Licenses, the RRC Licenses and the Salem Licenses shall be assigned
free  and  clear  of  all  Liens  (except  for  Permitted  Liens).
     1.4     INTENTIONALLY  OMITTED.
             ----------------------
1.5     APPLICABLE  ASSETS1.5  EXCLUDED  ASSETS.
        ------------------     ----------------
(a)     The  Cox  Assets  shall include only those assets set forth on Schedules
                                                                       ---------
1.1A,  1.2A  and 1.3A.  The RRC Assets shall include only those assets set forth
  -------------------
on  Schedules  1.1B,  1.2B, and 1.3B.  The Salem Assets shall include only those
    --------------------------------
assets  set  forth  on  Schedules 1.1C, 1.2C and 1.3C.  The Cox Assets, together
                        -----------------------------
with  the  RRC  Assets  and  the  Salem Assets shall be collectively referred to
herein  as  the  "Assets".
     (b)     Notwithstanding  any  provision  of this Agreement to the contrary,
Cox  and  RRC  shall not transfer, convey or assign to Salem and Salem shall not
transfer,  convey  or  assign to Cox and RRC, but shall retain all of its right,
title  and  interest  in and to, the following assets owned or held by it on the
Closing  Date  ("Excluded Assets"): (i) any and all cash, cash equivalents, cash
deposits  to  secure  contract  obligations  (except to the extent the conveying
party  receives  a credit therefor under SECTION 4.2, in which event the deposit
shall be included as part of the Assets), all inter-company receivables from any
affiliate  of  such  party  and all other accounts receivable, bank deposits and
securities  held  by  such  party in respect of its Station at the Closing Date;
(ii)  any  and  all  claims  of the conveying party with respect to transactions
prior  to  the Closing including, without limitation, claims for tax refunds and
refunds  of  fees  paid  to  the  FCC; (iii) all prepaid expenses (except to the
extent  the  conveying  party  receives a credit therefore under SECTION 4.2, in
which  event  the prepaid expense shall be included as part of the Assets); (iv)
all contracts of insurance and claims against insurers; (v) all employee benefit
plans  and  the  assets thereof and all employment contracts; (vi) all contracts
that  are  terminated  in  accordance  with  the  terms  and  provisions of this
Agreement  or  have  expired prior to the Closing Date in the ordinary course of
business and all loans and loan agreements; (vii) all tangible personal property
disposed  of  or  consumed  between  the  date  hereof  and  the Closing Date in
accordance  with the terms and provisions of this Agreement; (viii) all tangible
personal  property  associated  with the studios and business offices of the Cox
Stations,  the  RRC  Station  and the Salem Station; (ix) each party's corporate
records  except  to  the  extent  such  records pertain to Assets, in which case
copies  thereof shall be provided; (x) all commitments, contracts and agreements
not  specifically  assumed  by the other party pursuant to SECTION 1.6; and (xi)
the  call  letters  of  the  Stations.
     1.6     ASSUMPTION  OF  LIABILITIESASSUMPTION  OF  LIABILITIES.  Except  as
             ------------------------------------------------------
provided  in  SECTION 4.1, Salem shall not assume or become obligated to perform
any  debt,  liability  or  obligation  of Cox or RRC whatsoever, and Cox and RRC
shall  not  assume  or  become  obligated  to  perform  any  debt,  liability or
obligation  of  Salem  whatsoever,  including (i) any obligations or liabilities
under  any contract, lease or agreement other than the Cox Real Property Leases,
the  RRC Real Property Leases or the Salem Real Property Leases, as the case may
be;  (ii) any obligations or liabilities under the Cox Real Property Leases, the
RRC  Real  Property  Leases  or  the  Salem Real Property Leases relating to the
period  prior  to  the  Closing;  (iii)  any  claims  or  pending  litigation or
proceedings relating to the operation of the Stations prior to the Closing; (iv)
any insurance policies of Salem, Cox, or RRC; (v) any obligations or liabilities
arising  under  capitalized  leases  or  other  financing  agreements;  (vi) any
obligations  or  liabilities  of  Cox, RRC, or Salem under any employee pension,
retirement,  health  and welfare or other benefit plans and under any employment
agreements  or  collective  bargaining  agreements;  (vii) any obligation to any
employee  of  the  Stations for severance benefits, vacation time, sick leave or
any  other  employment-related  liability;  (viii)  any  liability for any taxes
attributable  to  the  Cox Assets or the RRC Assets or the operations of the Cox
Stations  or  the  RRC  Station  on  or prior to the Closing Date, except to the
extent  the amount of such taxes is included in the Cox Proration Schedule; (ix)
any  liability  for  taxes attributable to the Salem Assets or the operations of
the Salem Station on or prior to the Closing Date, except to the extent that the
amount  of  such  taxes  is included in the Salem Proration Schedule; or (x) any
obligations  or  liabilities  caused  by,  arising out of, or resulting from any
action or omission of Cox, RRC, or Salem prior to the Closing (collectively, the
"Excluded  Liabilities").  All such Excluded Liabilities shall remain and be the
obligations  and liabilities solely of Cox and RRC or Salem, as the case may be.
          1.7     SECTION  1031;  APPRAISALS; TAX REPORTING2.5     SECTION 1031;
                  --------------------------------------------     -------------
APPRAISALS;  TAX  REPORTING
 --------------------------

     (a)     The  parties  agree  to use commercially reasonable best efforts to
agree upon the fair market value of each of the assets (other than assets which,
individually  or in the aggregate, are not material in value) which comprise the
Assets, determined on the basis of certain appraisals prepared by an independent
appraiser  upon  which  the  parties shall mutually agree (the "Appraiser"), and
whose  fees  and  expenses  shall  be shared equally between the parties (to the
extent  that the parties mutually agree upon the fair market value of any or all
of  the  Assets,  the  "Appraisals").  The parties shall direct the Appraiser to
deliver  the  Appraisals  within  sixty  (60)  days  of  the  Closing  Date.

     (b)     Each party shall use commercially reasonable best efforts to engage
in mutually agreeable sharing of financial and valuation information in order to
obtain  consistent  financial  and tax reporting, including, but not limited to,
the  preparation  and  filing  of  IRS  Forms 8894 and 8824 in a manner which is
consistent  with  the  Appraisals,  to  the  greatest  extent  possible.

     (c)     To  the  extent  authorized  by applicable law and regulation, each
party shall report the transaction contemplated hereby as a "like-kind exchange"
under  Section  1031  of  the  Code, consistent with the Appraisals, and the IRS
Forms  8594 and 8824 prepared in accordance with clause (b) above, and shall not
take,  and  shall  not  cause  their  respective representatives, successors and
assigns  to  take,  any  position  on  any federal, state or local tax return or
report,  or  in  any  tax examination, tax audit or tax litigation, inconsistent
with  such  reporting  position,  the Appraisals, or such IRS Form 8594 or 8824.

     (d)     Each  party  shall  cooperate  with  the  other, including, without
limitation,  in  preparing  IRS  Forms 8594 and 8824 and executing all necessary
agreements  and  documents  to  the extent necessary for each party to treat the
exchange  of  the  Assets  hereunder  as  a  "like-kind  exchange" to the extent
permissible  under  Section  1031  of  the  Code.

     (e)     Neither  party  shall have any liability or obligation to the other
for  the  failure  of  the  exchange  of  the  Assets  hereunder to qualify as a
like-kind  exchange  under  Section  1031  of  the  Code.

     2.     [INTENTIONALLY  OMITTED].
            ------------------------
     3.     [INTENTIONALLY  OMITTED].3.
             ------------------------
     4.     CLOSING4.  CLOSING.  The  closing  of  the transactions contemplated
            -------    -------
hereby (the "Closing") will take place at 10:00 a.m., local time, at the offices
of  Dow,  Lohnes & Albertson, PLLC, 1200 New Hampshire Avenue, N.W., Washington,
D.C.  20036, on a date designated by Cox that is not later than the tenth (10th)
day  following  the  date  upon  which  the  FCC  has granted its consent to the
assignment  of  the  Cox  FCC  Licenses,  the RRC FCC Licenses and the Salem FCC
Licenses,  or  at such other time (in any event, the "Closing Date") as shall be
agreed  upon  in  writing  by  Cox  and  Salem.
     4.1     CLOSING  DELIVERIES4.1  CLOSING  DELIVERIES.  At  the  Closing:
             -------------------     -------------------
     (a)     (i)  Cox  shall execute and deliver, and shall cause RRC to execute
and  deliver  to Salem bills of sale in form and substance reasonably acceptable
to  Salem, pursuant to which Cox shall convey to Salem good and marketable title
to  the Cox Tangible Personal Property and the Cox Records, and RRC shall convey
to Salem good and marketable title to the RRC Tangible Personal Property and the
RRC  Records;  and (ii)  Salem shall execute and deliver to RRC bills of sale in
form  and  substance reasonably acceptable to RRC, pursuant to which Salem shall
convey  to RRC good and marketable title to the Salem Tangible Personal Property
and  the  Salem  Records;
     (b)     (i)  Cox  shall  execute  and  deliver and cause RRC to execute and
deliver  to  Salem  a special warranty deed and such other transfer documents in
form  and  substance reasonably acceptable to Salem pursuant to which Cox or RRC
shall  convey  to  Salem  title to the owned Cox Real Property and any estoppel,
assignment  and  assumption agreements for the Cox Real Property Leases pursuant
to which Cox or RRC shall assign to Salem, and Salem shall accept assignment of,
all of Cox's or RRC's rights and privileges and assume all obligations of Cox or
RRC  under  the  Cox Real Property Leases, insofar as they relate to the time on
and  after the Closing Date and arise out of events that occur after the Closing
Date;
(ii)  Cox  shall  cause  RRC  to execute and deliver to Salem a special warranty
deed  and  such  other  transfer  documents  in  form  and  substance reasonably
acceptable  to  Salem  pursuant  to which RRC shall convey to Salem title to the
owned  RRC  Real Property and any estoppel, assignment and assumption agreements
for  the  RRC  Real Property Leases pursuant to which RRC shall assign to Salem,
and  Salem  shall  accept  assignment of, all of RRC's rights and privileges and
assume  all  obligations  of  RRC under the RRC Real Property Leases, insofar as
they  relate  to  the time on and after the Closing Date and arise out of events
that  occur  after  the  Closing  Date;  and
(iii)  Salem  shall  execute and deliver to RRC a special warranty deed and such
other  transfer  documents  in  form  and substance reasonably acceptable to RRC
pursuant to which Salem shall convey to RRC title to the Salem Real Property and
any  estoppel,  assignment and assumption agreements for the Salem Real Property
Leases  pursuant  to  which  Salem  shall  assign  to  RRC, and RRC shall accept
assignment  of,  all of Salem's rights and privileges and assume all obligations
of  Salem under the Salem Real Property Leases as they relate to the time on and
after  the  Closing  Date  and  arise out of events that occur after the Closing
Date;
(c)     (i)  Cox  shall  execute and deliver, and shall cause RRC to execute and
deliver  to Salem such assignments of licenses and permits in form and substance
reasonably  acceptable  to Salem pursuant to which Cox or RRC as the case may be
shall assign to Salem, and Salem shall accept assignment of, all of such party's
right,  title  and  interest  in  and  to  the  Cox  Licenses;
(ii)  Cox  shall  cause  RRC to execute and deliver to Salem such assignments of
licenses  and  permits  in  form  and  substance  reasonably acceptable to Salem
pursuant  to  which RRC shall assign to Salem, and Salem shall accept assignment
of,  all  of  RRC's  right,  title  and interest in and to the RRC Licenses; and
(iii)  Salem  shall  execute  and  deliver  to RRC an Assignment of Licenses and
Permits  in  form and substance reasonably acceptable to the parties pursuant to
which  Salem  shall  assign  to  RRC, and RRC shall accept assignment of, all of
Salem's  right,  title  and  interest  in  and  to  the  Salem  Licenses;
(d)     (i)  Cox  shall  deliver  or cause to be delivered executed releases, in
suitable  form  for  filing  and  otherwise  in  form  and  substance reasonably
satisfactory  to  Salem,  of any security interests granted in the Cox Assets or
RRC  Assets  as  security  for payment of loans and other obligations and of any
other  Liens  (other  than  Permitted  Liens);  and
(ii)     Salem  shall  deliver  or  cause  to be delivered executed releases, in
suitable  form  for  filing  and  otherwise  in  form  and  substance reasonably
satisfactory  to  Cox,  of any security interests granted in the Salem Assets as
security  for  payment  of  loans  and  other obligations and of any other Liens
(other  than  Permitted  Liens);  and
(e)     Cox  shall  deliver  to  Salem  an  assignment  in  form  and  substance
reasonably acceptable to the parties pursuant to which CRI shall assign to Salem
and  Salem  shall  accept  from CRI, the rights of CRI to indemnification by the
Stockholders (including the right to draw against the Holdback Escrow as defined
in  the  Stock  Purchase  Agreement)  under the Stock Purchase Agreement as such
rights  pertain  to  the  RRC  Assets  and  the  representations, warranties and
covenants  of  Midwestern  and  the  Stockholders  with  respect  thereto.
     4.2     PRORATIONS.4.2  PRORATIONS.
             ----------      ----------
     (a)     All  income  and  expenses arising from the conduct of the business
and  operations of the Cox Stations and the RRC Station on the one hand, and the
Salem  Station,  on  the  other hand, shall be prorated between Cox and Salem in
accordance  with  generally  accepted accounting principles as of 12:01 a.m., on
the  Closing  Date.  Such  prorations  shall include, without limitation, all ad
valorem  and  applicable  property  taxes, business and license fees, annual FCC
regulatory  fees,  power  and utility expenses, rents (excluding amounts paid as
capital expenditures in connection with real property, whether leased or owned),
and  similar  prepaid  and  deferred  items  attributable  to  the ownership and
operation  of  the  Stations.  The  parties  shall  use  commercially reasonable
efforts  to provide each other a list of all known proratable items and payables
for  the  Stations  at  least  five  (5)  days  before  the  Closing  Date;
(b)     The  prorations  and  adjustments  contemplated  by this Section, to the
extent  practicable,  shall  be made on and as of the Closing Date.  As to those
prorations  and adjustments not ascertained on the Closing Date, adjustments and
prorations shall be made in accordance with the procedures set forth in SECTIONS
4.2(C)  and  4.2(D);
(c)     Within  ninety (90) days of the Closing Date, Cox shall deliver to Salem
a  schedule  of  its  proposed  prorations  (which shall set forth in reasonable
detail  the  basis  for  those  determinations)  for the Salem Station (the "Cox
Proration  Schedule").  The  Cox  Proration  Schedule  shall  be  conclusive and
binding  upon  Salem  unless Salem provides Cox with written notice of objection
(the  "Notice  of  Disagreement") within one hundred twenty (120) days after the
Closing  Date,  which  notice shall state the prorations of expenses proposed by
Salem  ("Salem's  Proration  Amount").  Cox  shall  have  fifteen (15) days from
receipt  of  a  Notice  of  Disagreement  to  accept or reject Salem's Proration
Amount.  Payment  by  Salem or Cox, as the case may be, of the proration amounts
determined  pursuant to this SECTION 4.2(C) shall be due fifteen (15) days after
the  last  to  occur  of (i) Salem's acceptance of the Cox Proration Schedule or
failure to give Cox a timely Notice of Disagreement and (ii) Cox's acceptance of
Salem's  Proration  Amount  or failure to reject Salem's Proration Amount within
fifteen  (15)  days  of  receipt  of  a  Notice  of  Disagreement;
(d)     Within  ninety (90) days of the Closing Date, Salem shall deliver to Cox
a  schedule  of  its  proposed  prorations  (which shall set forth in reasonable
detail  the  basis  for  those  determinations) for the Cox Stations and the RRC
Station (the "Salem Proration Schedule").  The Salem Proration Schedule shall be
conclusive  and  binding  upon  Cox  unless  Cox provides Salem with a Notice of
Disagreement  within one hundred twenty (120) days after the Closing Date, which
notice  shall state the prorations of expenses proposed by Cox ("Cox's Proration
Amount").  Salem  shall  have  fifteen  (15)  days  from  receipt of a Notice of
Disagreement  to  accept  or  reject  Cox's Proration Amount.  Payment by Cox or
Salem,  as the case may be, of the proration amounts determined pursuant to this
SECTION  4.2(D)  shall  be  due fifteen (15) days after the last to occur of (i)
Cox's  acceptance  of  the  Salem  Proration Schedule or failure to give Salem a
timely  Notice  of  Disagreement  and (ii) Salem's acceptance of Cox's Proration
Amount  or  failure to reject Cox's Proration Amount within fifteen (15) days of
receipt  of  a  Notice  of  Disagreement;  and
(e)     In  the  event  of any disputes between the parties as to the prorations
and  adjustments  described  in  this  Section, the amounts not in dispute shall
nonetheless be paid at the time provided in this Section and such disputes shall
be  determined  by  an  independent  certified  public  accountant  of  national
recognition  (other than a firm which then serves as the independent auditor for
Cox  or  Salem or any of their respective affiliates) mutually acceptable to the
parties with the fees and expenses of such accountant being paid one half by Cox
and one half by Salem.  Any payment required by Cox to Salem or by Salem to Cox,
as  the  case  may  be,  under  this  Section  shall be paid by wire transfer of
immediately  available  funds  to  the  account  of  the  payee with a financial
institution  in  the  United  States  as  designated  by such party in the Salem
Proration Schedule or Cox Proration Schedule, as the case may be.  If either Cox
or  Salem  fails  to  pay  when  due  any amount under SECTION 4.2(C) or 4.2(D),
interest  on  such  amount will accrue from the date payment was due to the date
such  payment  is  made  at  a  per  annum rate equal to the Prime Rate plus two
                                                                        ----
percent  (2%),  and such interest shall be payable upon demand.  Notwithstanding
the  provisions  of SECTION 4.2(C), (D) and (E) of this Agreement, if the amount
of  any taxes to be prorated pursuant to this SECTION 4.2 is not known by ninety
(90)  days  after the Closing Date, then the amount will be estimated as of such
date, and once the amount of such taxes is known, Salem shall pay to Cox, or Cox
shall  pay  to  Salem, as the case may be, the net amount due as a result of the
actual  apportionment  of  such  taxes.
     4.3     FURTHER  ASSURANCES.4.3  FURTHER  ASSURANCES.  At  the Closing, and
             -------------------      -------------------
from time to time after the Closing, Cox will execute and deliver, and cause RRC
to  execute  and  deliver,  such  other  instruments  of conveyance, assignment,
transfer  and  delivery  and  will  take, and will cause RRC to take, such other
actions  as  Salem reasonably may request in order to more effectively transfer,
convey,  assign,  and  deliver  to  Salem,  and to place Salem in possession and
control of, any of the Cox Assets and the RRC Assets, and Salem will execute and
deliver  such other instruments of conveyance, assignment, transfer and delivery
and  will take such other actions as Cox reasonably may request in order to more
effectively  transfer,  convey,  assign, and deliver to Cox or RRC, and to place
Cox  or  RRC  in  possession  and  control  of,  any  of  the  Salem  Assets.
     5.     REPRESENTATIONS  AND  WARRANTIES  OF  COX  FOR  THE  COX
            --------------------------------------------------------
STATIONS.Representations  and  Warranties  of  Cox.  Cox  hereby  represents and
            --------------------------------------
warrants  to  Salem  with  respect  to  the  Cox  Stations  only  as  follows:
     5.1     ORGANIZATION;  GOOD STANDING.5.1 ORGANIZATION; GOOD STANDING.  Each
             ----------------------------     ---------------------------
of  CRI  and CXR (i) is a corporation duly incorporated, validly existing and in
good  standing  under  the  laws  of  the state of its incorporation and (ii) is
qualified  to do business as a foreign corporation and is in good standing under
the  laws  of  the  states  in  which  such  entity  conducts  business.
5.2     AUTHORITY5.2 AUTHORITY.  The execution, delivery and performance of this
        ---------    ---------
     Agreement  by  Cox  and all of the documents and instruments required to be
delivered  by  Cox  hereby,  and  the  consummation  by  Cox of the transactions
contemplated  hereby and thereby are within the corporate power of Cox, and have
been  duly  authorized by all necessary corporate action by Cox.  This Agreement
has  been  duly  executed  and  delivered by Cox, and at the Closing, such other
documents  and other instruments required hereby to be executed and delivered by
Cox  will  be  duly  executed  and delivered by Cox.  This Agreement is, and the
other  documents  and  instruments  required  hereby  will be, when executed and
delivered  by Cox, the valid and binding obligations of Cox, enforceable against
it  in  accordance  with their respective terms, except as the enforceability of
this  Agreement  or  the  documents  or  instruments  contemplated hereby may be
limited  by  bankruptcy, insolvency, or similar laws affecting creditors' rights
generally  and  by judicial discretion in the enforcement of equitable remedies.
5.3     5.3  NO  BREACH OR VIOLATIONNO BREACH OR VIOLATION.  Except as set forth
             ---------------------------------------------
on  Schedule  5.3,  the  execution  and  delivery  by Cox of this Agreement, the
    -------------
consummation  by  Cox of the transactions contemplated hereby, and compliance by
   ---
Cox  with  the  terms  hereof,  do  not  and  will  not:
     (i)  violate  or  result  in  the breach of or contravene any of the terms,
conditions  or  provisions of, or constitute a default under, any organizational
documents  of  Cox,  or  any  law,  regulation, order, writ, injunction, decree,
determination  or  award of any court, governmental department, board, agency or
instrumentality,  domestic  or  foreign, or any arbitrator, applicable to Cox or
its  assets  and  properties;
(ii)  except  for  those  consents  listed in Schedule 5.3, result in prohibited
                                              ------------
action  under  any  term  or  provision  of,  the material breach of any term or
provision  of,  the  termination  of,  or  the  acceleration  or  permitting the
acceleration  of  the  performance  required  by  the  terms of, or constitute a
default  under  or  require  the  consent  of  any party to, any loan agreement,
indenture, mortgage, deed of trust or any other contract to which Cox is a party
or  by  which  it  is  bound;
(iii)  result  in  any  Lien upon the Cox Assets, except for Permitted Liens; or
     (iv)  cause  the  suspension  or  revocation  of  any  of the Cox Licenses.
     5.4     APPROVALS5.4  APPROVALS.  Except  as  set forth on Schedule 5.4 and
             ---------     ---------                            ------------
except for the consent of the FCC, no authorizations, approvals or consents from
any  governmental  or regulatory authorities or agencies are necessary to permit
Cox  to  execute  and  deliver  this  Agreement and to permit Cox to perform its
obligations  hereunder.
5.5     NO  LITIGATION5.5  NO  LITIGATION.  Except as set forth on Schedule 5.5,
        --------------     --------------                          ------------
there  are  no  actions, suits, investigations or proceedings pending or, to the
best  of Cox's knowledge, threatened against or affecting the Cox Assets, in any
court  or  before  any  arbitrator, or before or by any governmental department,
commission,  bureau,  board,  agency  or  instrumentality,  domestic or foreign,
which,  if  adversely determined, would impair the ability of Cox to perform its
obligations  hereunder.
5.6     BROKERAGE5.6  BROKERAGE.  Except for Media Venture Partners, Cox has not
        ---------     ---------
dealt  with  any  broker  or  finder  in connection with any of the transactions
contemplated  by  this  Agreement,  and to the best of Cox's knowledge, no other
person  is  entitled to any commission or finder's fee in connection with any of
these  transactions.
5.7     TITLE  TO  AND  CONDITION  OF TANGIBLE PERSONAL PROPERTY5.7 TITLE TO AND
        --------------------------------------------------------    ------------
CONDITION  OF  TANGIBLE PERSONAL PROPERTY.  Except as specified on Schedule 5.7,
   --------------------------------------                          ------------
and  except for Permitted Liens, Cox has good title to the Cox Tangible Personal
Property free and clear of all Liens.  All of the Cox Tangible Personal Property
     is  in  a  good  working  condition  and  repair  (ordinary  wear  and tear
excepted).  All  of  the  Cox  Tangible  Personal Property is listed in Schedule
                                                                        --------
1.1A,  and  such schedule contains a list of all tangible personal property used
in  the  operation  of  the  Cox  Stations  other  than  Excluded  Assets.
5.8     TITLE  TO  AND  CONDITION OF REAL PROPERTY.5.8 TITLE TO AND CONDITION OF
        ------------------------------------------     -------------------------
REAL  PROPERTY.  Schedule  1.2A  lists  all of the Cox Real Property and Cox has
  ------------   --------------
good  title  in and to the owned Cox Real Property, and such schedule contains a
  -
list  of  all real property used in the operation of the Cox Stations other than
the  Excluded  Assets.  All  of the Cox Real Property is owned free and clear of
all  Liens  except for Permitted Liens.  Schedule 1.2A lists all of the Cox Real
                                         -------------
Property  Leases.  Except as disclosed on Schedule 5.8, with respect to each Cox
                                          ------------
Real  Property  Lease:  (a) said lease is, and following the Closing to the best
of  Cox's  knowledge, will continue to be legal, valid, binding, enforceable and
in  full  force and effect; and (b) Cox has not assigned, transferred, conveyed,
mortgaged,  deeded  in  trust  or  encumbered  any interest in said lease or its
rights  thereunder.  To  the  best  of  Cox's  knowledge,  no  third party is in
material  default  in the performance of any of its obligations under any of the
Cox Real Property Leases, and no event or circumstance has occurred, which, with
     the  giving  of  notice  or  the  lapse of time or both, would constitute a
material  default by Cox under any Cox Real Property Lease.  All improvements on
the  owned  Cox  Real Property are in material compliance with applicable zoning
and  land  use  laws,  ordinances  and  regulations  except for any instances of
noncompliance which do not and will not in the aggregate have a material adverse
effect  on  such  owned  Cox  Real  Property.  All such improvements are in good
working condition and repair, and comply in all material respects with FCC rules
and  regulations  and  all  other  applicable Federal, state and local statutes,
ordinances  and  regulations.  To  the  best  of  Cox's  knowledge,  all  of the
transmitting  towers,  ground  radials,  guy  anchors, transmitter buildings and
related improvements located on the owned Cox Real Property are located entirely
on the owned Cox Real Property.  Cox has no knowledge of any pending, threatened
or  contemplated  action  to  take by eminent domain or otherwise to condemn any
part of the owned Cox Real Property.  Cox has full legal and practical access to
the  Cox  Real  Property.
5.9     LICENSES5.9 LICENSES.  Schedule 1.3A accurately and completely lists all
        --------    --------   -------------
     Cox  Licenses,  and  such schedule contains a list of all licenses, permits
and  applications used in the operation of or benefiting the Cox Stations, other
than Excluded Assets.  The Cox Licenses are (a) validly issued and in full force
and effect, (b) unimpaired by any acts or omissions of Cox or Cox's employees or
agents,  (c)  free  and  clear  of  any  restrictions  that might limit the full
operation  of  the  Cox  Stations  and  (d)  Cox has full power and authority to
operate  the  Cox  Stations  thereunder.
5.10     FCC  COMPLIANCE5.10  FCC COMPLIANCE.  Except as shown on Schedule 5.10,
         ---------------      --------------                      -------------
the Cox Stations have been operated at all times by Cox at full authorized power
     in  material  accordance  with  the  terms  of  the  Cox  FCC Licenses, the
Communications  Act  of  1934, as amended (the "Act"), and all applicable rules,
regulations  and  policies  of  the  FCC.  Cox  has  timely  filed  or  made all
applications,  reports, and other disclosures required by the FCC to be filed or
made  with  respect  to the Cox Stations.  The Cox FCC Licenses are valid and in
full force and effect.  Except as shown on Schedule 5.10, no application, action
                                           -------------
or  proceeding  is pending for the renewal or modification of any of the Cox FCC
Licenses  and,  to  the  best  of  Cox's  knowledge,  there is not now issued or
outstanding any investigation or material complaint against Cox at the FCC as of
the date of this Agreement relating to the Cox Stations.  Except as disclosed on
Schedule  5.10,  there  is  no  proceeding  pending  at the FCC, and there is no
--------------
outstanding  notice  of  violation from the FCC as of the date of this Agreement
------
relating  to  the  Cox  Stations.  All  fees payable to governmental authorities
--
pursuant  to  the  Cox  FCC Licenses, including FCC annual regulatory fees, have
--
been paid and no event has occurred which, individually or in the aggregate, and
--
with  or  without  the  giving  of  notice  or  the lapse of time or both, would
constitute  grounds for nonrenewal in the ordinary course or revocation thereof.
5.11     COMPLIANCE  WITH  LAWS5.11 COMPLIANCE WITH LAWS.  Cox has all licenses,
         ----------------------     --------------------
permits  or  other  authorizations of governmental, regulatory or administrative
agencies  required  to  conduct its business with respect to the Cox Stations in
all  material  respects  as  currently conducted.  No judgment, decree, order or
notice of violation has been issued by any agency or authority which permits, or
     would  permit,  revocation, modification or termination of any governmental
permit,  license  or  authorization  or  which  results  or  could result in any
material impairment of any rights thereunder.  With respect to the Cox Stations,
Cox  is  in  material  compliance  with  all applicable federal, state, local or
foreign  laws,  regulations,  statutes, rules, ordinances, directives and orders
and  any  other  requirements  of any governmental, regulatory or administrative
agency  or  authority  or  court  or  other  tribunal  applicable  to  it.
5.12     ENVIRONMENTAL  MATTERS5.12 ENVIRONMENTAL MATTERS.  Without limiting the
         ----------------------     ---------------------
generality of SECTION 5.11, except as disclosed on Schedule 5.12, all of the Cox
                                                   -------------
     Real  Property is free of (1) waste or debris; (2) "hazardous waste" or any
"hazardous  substance"  as  defined  in  federal  environmental and occupational
safety  and health statutes (including the Comprehensive Environmental Response,
Compensation and Liability Act of 1980, as amended from time to time ("CERCLA"),
and  regulations promulgated thereunder; (3) any substance the presence of which
on  the  Cox  Real  Property  is  prohibited  by  any  federal,  state  or local
environmental  law;  and (4) any materials which, under federal, state, or local
environmental law, require special handling in collection, storage, treatment or
disposal, each in quantities or in a manner sufficient to give rise to liability
under  the  federal,  state  or  local  government environmental standards or to
warrant  the imposition of any penalty, civil or criminal, against Cox.  Without
limiting  the generality of the foregoing, except as disclosed on Schedule 5.12,
                                                                  -------------
there  are  no  installations  on  the  Cox  Real Property which contain PCBs or
asbestos  in  quantities  sufficient  to  mandate  the  removal  of such PCBs or
asbestos  in  accordance  with  federal, state or local government environmental
standards  or  to  warrant  the  imposition  of  any penalty, civil or criminal,
against  Cox.  Cox  has  delivered to Salem all environmental assessments of the
Cox  Real  Property  owned  by  Cox.
5.13     ACCURACY  OF  INFORMATION  FURNISHED5.13  ACCURACY  OF  INFORMATION
         ------------------------------------      -------------------------
FURNISHED.  No  statement  by Cox contained in this Agreement or in any Schedule
or  Exhibit  hereto contains any material untrue statement of a material fact or
omits  to  state  any  material  fact  which is necessary to make the Statements
contained  herein  not  materially  misleading.
5.14     TAXES5.14  TAXES.  Cox  has  filed  or  caused to be filed all federal,
         -----      -----
state,  county,  local,  or city tax returns which are required to be filed, and
Cox  has paid or caused to be paid all taxes as shown on those returns or on any
tax assessment received by Cox to the extent that such taxes have become due, or
     has  set  aside  on  its  books adequate reserves (segregated to the extent
required  by  generally  accepted  accounting  principles) with respect thereto.
There  are no governmental investigations or other legal, administrative, or tax
proceedings  pending, or to the best of Cox's knowledge, threatened, pursuant to
which  Cox  is  or  could  be made liable for any taxes, penalties, interest, or
other  charges,  the  liability for which could extend to Salem as transferee of
the  Cox  Assets,  and  no  event  has  occurred  that could impose on Salem any
liability  for  any taxes, penalties, or interest due or to become due from Cox.
Cox  has paid in full or discharged, or caused to be paid in full or discharged,
all  taxes  (i) relating to the Cox Assets that are required to be paid (whether
or  not  such taxes are shown as due on any tax return) and (ii) the non-payment
of  which  could  result  in  a  Lien  on  the Cox Assets in the hands of Salem,
excepting  in  each  case  such taxes as will not be due until after the Closing
Date  and  which  are  to be prorated pursuant to SECTION 4.2 of this Agreement.
Any Lien for taxes on the Cox Assets the validity of which is being contested in
good  faith  by  appropriate  proceedings shall be described on Schedule 5.14 of
                                                                -------------
this  Agreement.
5.15     DEFINITION OF KNOWLEDGE 5.15 DEFINITION OF KNOWLEDGE.  For the purposes
         -----------------------      -----------------------
     of  this  Agreement,  "to  the  best  of  Cox's  knowledge"  or any similar
formulation  thereof  means  to  the  actual  knowledge of Robert F. Neil, Chief
Executive  Officer;  Richard  A.  Ferguson,  Co-Chief Operating Officer; Marc W.
Morgan,  Co-Chief  Operating  Officer;  Maritza Pichon, Chief Financial Officer;
Sterling  Davis,  Director  of Engineering; Jarrett O'Connor, Vice President and
General  Manager,  WSUN(AM);  and  Caroline  Devine,  Vice President and General
Manager,  KLUP(AM).
     6.     REPRESENTATIONS  AND WARRANTIES OF COX FOR THE RRC STATION AND STOCK
            --------------------------------------------------------------------
PURCHASE AGREEMENT.  Cox hereby represents and warrants to Salem with respect to
------------------
the  RRC  Station  and  the  Stock  Purchase  Agreement  only  as  follows:
     6.1     STOCK  PURCHASE  AGREEMENT.  Cox  will  deliver to Salem a true and
             --------------------------
complete  copy  of  the  Stock  Purchase  Agreement  (including all exhibits and
schedules  thereto)  as  executed  by  CRI  on June 1, 2000.  The Stock Purchase
Agreement  will not have been executed by Midwestern or the Stockholders at that
time.  Cox  will  deliver  copies  of  the signature pages of Midwestern and the
Stockholders immediately after receipt by Cox.  Cox represents and warrants that
the  execution,  delivery and performance of the Stock Purchase Agreement by CRI
and  all  of  the  documents  required  to  be  delivered by CRI thereby and the
consummation by CRI of the Stock Purchase Agreement in accordance with the terms
thereof  are  within the corporate power of CRI and have been duly authorized by
all necessary corporate action by CRI.  When executed by CRI, the Stock Purchase
Agreement  will  be  a  valid and binding offer of CRI subject to  acceptance by
Midwestern  and  the Stockholders and enforceable against CRI in accordance with
its  terms,  except as the enforceability of the Stock Purchase Agreement or the
documents  or  instruments  contemplated  thereby  may be limited by bankruptcy,
insolvency,  or  similar  laws  affecting  creditors'  rights  generally  and by
judicial  discretion  in  the  enforcement  of  equitable  remedies.  Cox has no
independent  knowledge  of  and  has not made any investigation to determine the
accuracy  or  inaccuracy  of the representations and warranties of Midwestern or
the  Stockholders  in  the  Stock  Purchase  Agreement.
6.2     ORGANIZATION;  GOOD  STANDING.  At  the  Closing,  RRC  (i)  will  be  a
        -----------------------------
corporation  duly  incorporated, validly existing and in good standing under the
laws of the state of its incorporation and (ii) will be qualified to do business
as  a  foreign  corporation  and  will be in good standing under the laws of the
states  in  which  it  conducts  business.
6.3     AUTHORITY.  At  the  Closing, the execution, delivery and performance of
        ---------
all of the documents and instruments required to be delivered by RRC hereby (the
"RRC  Documents"),  and the consummation by RRC of the transactions contemplated
hereby and thereby will be within the corporate power of RRC, and will have been
duly  authorized  by all necessary corporate action by RRC.  At the Closing, the
RRC  Documents  will  be  duly  executed  and delivered by RRC and will be, when
executed  and  delivered  by  RRC,  the  valid  and  binding obligations of RRC,
enforceable  against it in accordance with their respective terms, except as the
enforceability  of  such  documents or instruments may be limited by bankruptcy,
insolvency,  or  similar  laws  affecting  creditors'  rights  generally  and by
judicial  discretion  in  the  enforcement  of  equitable  remedies.
6.4     NO  BREACH  OR VIOLATION.  Except for the consent of the FCC and the HSR
        ------------------------
Approval, at the Closing, the execution and delivery by RRC of the RRC Documents
and  the  consummation  by  RRC  of  the  transactions  contemplated hereby, and
compliance  by  RRC  with  the  terms  hereof,  will  not:
     (i)  violate  or  result  in  the breach of or contravene any of the terms,
conditions  or  provisions of, or constitute a default under, any organizational
documents  of  RRC,  or  any  law,  regulation, order, writ, injunction, decree,
determination  or  award of any court, governmental department, board, agency or
instrumentality,  domestic  or  foreign, or any arbitrator, applicable to RRC or
its  assets  and  properties;
(ii)  result  in  prohibited action under any term or provision of, the material
breach  of  any term or provision of, the termination of, or the acceleration or
permitting  the  acceleration  of  the  performance required by the terms of, or
constitute  a  default  under  or  require the consent of any party to, any loan
agreement, indenture, mortgage, deed of trust or any other contract to which RRC
is  a  party  or  by  which  it  is  bound;
(iii)  result  in any Lien upon the RRC Assets, excepted for Permitted Liens; or
(iv)  cause  the  suspension  or  revocation  of  any  of  the  RRC  Licenses.
     6.5     APPROVALS.  Except for the consent of the FCC and the HSR Approval,
             ---------
at  the  Closing, no authorizations, approvals or consents from any governmental
or regulatory authorities or agencies will be necessary to permit RRC to execute
and  deliver  the  RRC Documents and to consummate the transactions contemplated
hereby  and  thereby.
6.6     NO  LITIGATION.  At  the  Closing  there  will  be  no  actions,  suits,
        --------------
investigations  or  proceedings  pending  or,  to  the  best of Cox's knowledge,
threatened  against  or  affecting  the  RRC  Assets, in any court or before any
arbitrator,  or  before  or  by any governmental department, commission, bureau,
board,  agency  or  instrumentality,  domestic  or foreign, which , if adversely
determined,  would  impair  the  ability  of  RRC to consummate the transactions
contemplated  hereunder.
6.7     BROKERAGE.  RRC  will  not  have  dealt  with  any  broker  or finder in
        ---------
connection  with  any of the transactions contemplated by this Agreement, and to
the  best  of  Cox's  knowledge, no person will be entitled to any commission or
finder's  fee  in  connection  with  any  of these transactions other than Media
Venture  Partners  whose  commission  is  the  responsibility  of  Cox.
6.8     ACCURACY  OF  INFORMATION FURNISHED.  As of the Closing, no statement by
        -----------------------------------
RRC  contained  in  any  of  the RRC Documents shall contain any material untrue
statement  of  a  material  fact  or  omit  to  state any material fact which is
necessary  to  make  the statements contained therein not materially misleading,
     7.     REPRESENTATIONS  AND  WARRANTIES  OF  SALEM.Representations  and
            --------------------------------------------
Warranties  of  Salem  Salem  hereby  represents and warrants to Cox as follows:
     7.1     ORGANIZATION;  GOOD STANDING.1 ORGANIZATION; GOOD STANDING. Each of
             ----------------------------   ---------------------------
SCC  and  STB  is a corporation, duly incorporated, validly existing and in good
standing  under the laws of the state of its organization and is qualified to do
business  as a foreign corporation and is in good standing under the laws of the
states  in  which  it  conducts  business.
7.2     AUTHORITY.2  AUTHORITY.  The execution, delivery and performance of this
        ---------    ---------
Agreement  and  all of the documents and instruments required to be delivered by
Salem  hereby,  and  the  consummation by Salem of the transactions contemplated
hereby  and  thereby are within the corporate power of Salem, and have been duly
authorized  by all necessary corporate action by Salem.  This Agreement has been
duly executed and delivered by Salem and at the Closing such other documents and
     other  instruments  required  hereby  to be executed and delivered by Salem
will  be  duly executed and delivered by Salem.  This Agreement is and the other
documents and instruments required hereby will be when executed and delivered by
Salem,  the valid and binding obligations of Salem, enforceable against Salem in
accordance  with  their  respective  terms, except as the enforceability of this
Agreement  or the documents or instruments contemplated hereby may be limited by
bankruptcy,  insolvency,  or  similar laws affecting creditors' rights generally
and  by  judicial  discretion  in  the  enforcement  of  equitable  remedies.
7.3     .3 NO BREACH OR VIOLATIONNO BREACH OR VIOLATION.  Except as set forth on
           --------------------------------------------
     Schedule  7.3,  the  execution and delivery by Salem of this Agreement, the
     -------------
consummation by Salem of the transactions contemplated hereby, and compliance by
Salem  with  the  terms  hereof,  do  not  and  will  not:
     (i)  violate  or  result  in  the breach of or contravene any of the terms,
conditions  or  provisions  of,  or  constitute  a  default  under,  Salem's
organizational  documents,  or  any  law,  regulation,  order, writ, injunction,
decree,  determination  or  award  of any court, governmental department, board,
agency or instrumentality, domestic or foreign, or any arbitrator, applicable to
Salem  or  its  assets  and  properties;
(ii)  except  for  those  consents  listed in Schedule 7.3, result in prohibited
                                              ------------
action  under  any  term  or  provision  of,  the material breach of any term or
provision  of,  the  termination  of,  or  the  acceleration  or  permitting the
acceleration  of  the  performance  required  by  the  terms of, or constitute a
default  under  or  require  the  consent  of  any party to, any loan agreement,
indenture,  mortgage,  deed  of  trust or any other contract to which Salem is a
party  or  by  which  it  is  bound;
(iii)  result  in  any Lien upon the Salem Assets except for Permitted Liens; or
     (iv)  cause  the  suspension  or  revocation  of any of the Salem Licenses.
     7.4     APPROVALS7.4  APPROVALS.  Except  as set forth on Schedule 7.4, and
             ---------     ---------                           ------------
except for the consent of the FCC, DOJ and any approval required by the HSR Act,
no  authorizations,  approvals  or  consents from any governmental or regulatory
authorities  or  agencies  are  necessary to permit Salem to execute and deliver
this  Agreement  and  to  perform  its  obligations  hereunder.
7.5     NO  LITIGATION7.5  NO  LITIGATION.  Except as set forth on Schedule 7.5,
        --------------     --------------                          ------------
there  are  no  actions, suits, investigations or proceedings pending or, to the
best  of Salem's knowledge, threatened against or affecting the Salem Assets, in
any court or before any arbitrator, or before or by any governmental department,
     commission,  bureau, board, agency or instrumentality, domestic or foreign,
which, if adversely determined, would impair the ability of Salem to perform its
obligations  hereunder.
7.6     BROKERAGE.6 BROKERAGE.  Salem has not dealt with any broker or finder in
        ---------   ---------
     connection  with  any  of  the transactions contemplated by this Agreement,
and,  to  the  best  of Salem's knowledge, except for Media Venture Partners, no
other  person  is  entitled to any commission or finder's fee in connection with
any  of  these  transactions.
7.7     TITLE  TO  AND  CONDITION  OF  TANGIBLE  PERSONAL  PROPERTYTitle  to and
        -----------------------------------------------------------
Condition  of  Tangible Personal Property.  Except as specified on Schedule 7.7,
                                                                   ------------
and  except  for  Permitted  Liens,  Salem  has good title to the Salem Tangible
Personal  Property  free  and  clear  of  all  Liens.  All of the Salem Tangible
Personal  Property  is  in  a  good  working  condition  (ordinary wear and tear
excepted).  All  of  the  Salem Tangible Personal Property is listed on Schedule
                                                                        --------
1.1C and such schedule contains a list of all tangible personal property used in
  --
     the  operation  of  the  Salem  Station  other  than  Excluded  Assets.
7.8     TITLE TO AND CONDITION OF REAL PROPERTY.8 TITLE TO AND CONDITION OF REAL
        ---------------------------------------   ------------------------------
     PROPERTY.  Schedule  1.2C  lists  all  of the owned Salem Real Property and
     --------   --------------
Salem  has good title in and to the owned Salem Real Property, and such schedule
contains  a list of all real property used in the operation of the Salem Station
other  than  Excluded  Assets.  All of the Salem Real Property is owned free and
clear  of  all Liens except for Permitted Liens.  Schedule 1.2C lists all of the
                                                  -------------
Salem  Real  Property Leases.  Except as disclosed on Schedule 7.8, with respect
                                                      ------------
to  each of the Salem Real Property Leases:  (a) said lease is and following the
Closing,  to  the  best of Salem's knowledge, will continue to be, legal, valid,
binding,  enforceable  and  in  full  force  and  effect;  and (b) Salem has not
assigned,  transferred,  conveyed,  mortgaged, deeded in trust or encumbered any
interest  in  said  lease  or  its  rights  thereunder.  To  the best of Salem's
knowledge,  no  third  party is in material default in the performance of any of
its  obligations  under  any  of the Salem Real Property Leases, and no event or
circumstance  has occurred which, with the giving of notice or the lapse of time
or  both,  would  constitute  a  material  default by Salem under any Salem Real
Property  Lease.  All  improvements  on  the  owned  Salem  Real Property are in
material  compliance  with  applicable  zoning and land use laws, ordinances and
regulations  except for any instances of noncompliance which do not and will not
in  the  aggregate  have  a  material  adverse  effect  on such owned Salem Real
Property.  All  such  improvements  are  in  good  working condition and repair,
comply  in  all  material  respects with FCC rules and regulations and all other
applicable  Federal,  state  and local statutes, ordinances and regulations.  To
the  best  of Salem's knowledge, all of the transmitting towers, ground radials,
guy anchors, transmitter buildings and related improvements located on the owned
Salem  Real  Property  are  located  entirely  on the owned Salem Real Property.
Salem has no knowledge of any pending, threatened or contemplated action to take
by  eminent  domain or otherwise to condemn any part of the Salem Real Property.
Salem  has  full  legal  and  practical  access  to  the  Salem  Real  Property.
7.9     LICENSES.9  LICENSES.  Except  as  set  forth on Schedule 7.9,  Schedule
        --------    --------                             ------------   --------
1.3C  accurately  and  completely  lists  all  of  the  Salem Licenses, and such
   -
schedule  contains  a list of all licenses, permits and applications used in the
   -
operation  of  or benefiting the Salem Station, other than Excluded Assets.  All
of  the  Salem Licenses are (a) validly issued and in full force and effect, (b)
unimpaired by any acts or omissions of Salem or Salem's employees or agents, (c)
     free  and  clear of any restrictions that might limit the full operation of
the  Salem  Station  and  (d)  Salem has full power and authority to operate the
Salem  Station  thereunder.
7.10     FCC COMPLIANCE.  .10 FCC COMPLIANCE.  Except as shown on Schedule 7.10,
         --------------       --------------                      -------------
     the  Salem  Station  has  been  operated  at  all  times  by  Salem at full
authorized  power  in  material  accordance  with  the  terms  of  the Salem FCC
Licenses,  the  Act,  and  all applicable rules, regulations and policies of the
FCC.  Salem  has  timely  filed  or  made  all  applications, reports, and other
disclosures  required  by  the FCC to be filed or made with respect to the Salem
Station.  The Salem FCC Licenses are valid and in full force and effect.  Except
as  shown  on Schedule 7.10, no application, action or proceeding is pending for
              -------------
the renewal or modification of any of the Salem FCC Licenses and, to the best of
Salem's  knowledge,  there is not now issued or outstanding any investigation or
material  complaint  against  Salem  at the FCC as of the date of this Agreement
relating  to  the Salem Station.  Except as disclosed in Schedule 7.10, there is
                                                         -------------
no  proceeding  pending  at  the  FCC,  and  there  is  no outstanding notice of
violation  from  the  FCC as of the date of this Agreement relating to the Salem
Station.  All  fees  payable  to  governmental authorities, including FCC annual
regulatory  fees, pursuant to the Salem FCC Licenses have been paid and no event
has  occurred  which,  individually or in the aggregate, and with or without the
giving  of  notice  or  the  lapse of time or both, would constitute grounds for
nonrenewal  in  the  ordinary  course  or  revocation  thereof.
7.11     COMPLIANCE WITH LAWS7.11 COMPLIANCE WITH LAWS.  Salem has all licenses,
         --------------------     --------------------
     permits  or  other  authorizations  of  governmental,  regulatory  or
administrative  agencies  required  to  conduct its business with respect to the
Salem  Station  in  all  material respects as currently conducted.  No judgment,
decree,  order  or  notice  of  violation  has been issued by any such agency or
authority  which  permits,  or  would  permit,  revocation,  modification  or
termination  of  any such governmental permit, license or authorization or which
results  or  could  result  in any material impairment of any rights thereunder.
With  respect  to  the  Salem  Station, Salem is in material compliance with all
applicable  federal, state, local or foreign laws, regulations, statutes, rules,
ordinances,  directives  and  orders  and  any  other  requirements  of  any
governmental, regulatory or administrative agency or authority or court or other
tribunal  applicable  to  it.
7.12     ENVIRONMENTAL  MATTERS.12  ENVIRONMENTAL MATTERS.  Without limiting the
         ----------------------     ---------------------
generality  of  SECTION  7.11,  except as disclosed on Schedule 7.12, all of the
                                                       -------------
Salem Real Property is free of (1) waste or debris; (2) "hazardous waste" or any
     "hazardous  substance" as defined in federal environmental and occupational
safety  and  health statutes including CERCLA, as amended from time to time, and
regulations  promulgated  thereunder,  or  as defined by CERCLA, and regulations
promulgated  thereunder;  (3)  any  substance the presence of which on the Salem
Real  Property  is  prohibited by any federal, state or local environmental law;
and  (4)  any materials which, under federal, state, or local environmental law,
require  special handling in collection, storage, treatment or disposal, each in
quantities  or  in  a manner sufficient to give rise to liability under federal,
state  or  local government environmental standards or to warrant the imposition
of  any  penalty,  civil  or  criminal,  against  Salem.  Without  limiting  the
generality  of the foregoing, except as disclosed on Schedule 7.12, there are no
                                                     -------------
installations  on  the  Salem  Real  Property  which contain PCBs or asbestos in
quantities  sufficient  to  mandate  the  removal  of  such  PCBs or asbestos in
accordance with federal, state or local government environmental standards or to
warrant  the imposition of any penalty, civil or criminal, against Salem.  Salem
has  delivered  to  Cox all environmental assessments of the Salem Real Property
owned  by  Salem.
7.13     ACCURACY  OF  INFORMATION  FURNISHED7.13  ACCURACY  OF  INFORMATION
         ------------------------------------      -------------------------
FURNISHED.  No statement by Salem contained in this Agreement or in any Schedule
     or Exhibit hereto contains any material untrue statement of a material fact
or  omits  to  state any material fact which is necessary to make the statements
contained  herein  not  materially  misleading.
7.14     TAXES7.14  TAXES.  Salem  has  filed  or caused to be filed all federal
         -----      -----
income  tax  returns  and  all  other federal, state, county, local, or city tax
returns  which are required to be filed, and Salem has paid or caused to be paid
all  taxes  as shown on those returns or on any tax assessment received by Salem
to  the  extent  that  such taxes have become due, or has set aside on its books
adequate  reserves  (segregated  to  the  extent  required by generally accepted
accounting  principles)  with  respect thereto.  Except as disclosed on Schedule
                                                                        --------
7.14,  there  are no governmental investigations or other legal, administrative,
  --
or  tax  proceedings  pending,  or to the best of Salem's knowledge, threatened,
pursuant  to  which  Salem  is or could be made liable for any taxes, penalties,
interest,  or  other  charges,  the  liability  for which could extend to Cox as
transferee  of  the Salem Assets, and no event has occurred that could impose on
Cox  any  liability  for  any taxes, penalties, or interest due or to become due
from  Salem.  Salem has paid in full or discharged, or caused to be paid in full
or  discharged,  all taxes (i) relating to the Salem Assets that are required to
be  paid (whether or not such taxes are shown as due on any tax return) and (ii)
the non-payment of which could result in a Lien on the Salem Assets in the hands
     of  Cox,  excepting  in each case such taxes as will not be due until after
the  Closing  Date  and which are to be prorated pursuant to SECTION 4.2 of this
Agreement.  Any  Lien  for  taxes  on  the Salem Assets the validity of which is
being  contested  in good faith by appropriate proceedings shall be described on
Schedule  7.14  of  this  Agreement.
 -------------
7.15     DEFINITION  OF  KNOWLEDGEDEFINITION  OF KNOWLEDGE.  For the purposes of
         -------------------------------------------------
this  Agreement,  "to  the best of Salem's knowledge" or any similar formulation
thereof  means to the actual knowledge of Edward G. Atsinger, III, President and
Chief  Executive  Officer;  John Ehde, Vice President of Engineering; and Gordon
Marcy,  General  Manager  of  the  Salem  Station.
     8.     COVENANTS  OF  THE  PARTIES8. COVENANTS OF THE PARTIES.  The parties
            ---------------------------   ------------------------
hereby  covenant  to  each  other  as  follows.
     8.1     FCC  APPLICATIONS8.1  FCC APPLICATIONS.  Following the date of this
             -----------------     ----------------
Agreement,  the parties shall proceed as expeditiously as practicable to file or
cause to be filed applications with the FCC requesting consent to the assignment
of  the  Cox  FCC  Licenses to Salem (the "Cox FCC Application"), an application
with  the  FCC  requesting  consent to the assignment of the RRC FCC Licenses to
Salem (the "RRC Application") and an application with the FCC requesting consent
to  the  assignment  of  the  Salem  FCC  Licenses  to  Cox  (the  "Salem  FCC
Application"),  such  applications  to be duly filed with the FCC by the parties
contemporaneously  as  contingent  applications.  The parties agree that the Cox
FCC  Application,  the  RRC  FCC  Application  and  the  Salem  FCC  Application
(together,  the  "FCC  Applications")  shall  be  filed  not later than ten (10)
business  days  after  the date of this Agreement, and that the FCC Applications
shall be prosecuted by each party in good faith and with due diligence.  Cox and
Salem shall cooperate with each other in the preparation, filing and prosecution
of  the FCC Applications.  Should Cox or Salem become aware of facts which could
reasonably  be expected to affect or delay in a material and adverse manner, the
FCC's  grant  of  its consent to the FCC Applications, such party shall promptly
notify  the other party in writing and in accordance with the notices provisions
set  forth in SECTION 15.  If the Closing shall not have occurred for any reason
within  the  original  effective  period  of  the  consent of the FCC to the FCC
Applications,  and  neither  party  shall  have  terminated this Agreement under
SECTION 11, the parties shall jointly request extensions of the effective period
of  the  FCC  consents.
8.2     STOCK PURCHASE AGREEMENT.  CRI shall exercise its rights and fulfill all
        ------------------------
of  its  obligations under the Stock Purchase Agreement at all times in a timely
manner  and  in  good  faith  and  CRI  shall  take no action that is materially
inconsistent  with  the terms of this Agreement.  CRI agrees to provide to Salem
within  two  (2)  business days of CRI's receipt thereof, copies of all notices,
correspondence  and  other written communication from the Stockholders or RRC or
from any governmental authority in connection with the transactions contemplated
by  the  Stock  Purchase  Agreement.  CRI  shall provide Salem five (5) business
days'  written  notice  before  it  exercises  any  right to terminate the Stock
Purchase  Agreement.  Prior to the end of such five (5) day notice period, Salem
may request that CRI take and CRI shall take all commercially reasonable actions
necessary  to  transfer  to  Salem  any  and  all  rights of CRI under the Stock
Purchase  Agreement.  Salem  and  Cox hereby agree that, with respect to the RRC
Assets,  Salem shall have the full benefit of the representations and warranties
made  by  Midwestern  and  the  Stockholders  in  the  Stock Purchase Agreement,
including  the right to draw against the Holdback Escrow as defined in the Stock
Purchase  Agreement.  At the Closing and to the extent CRI is permitted to do so
under  the terms of the Stock Purchase Agreement, CRI shall assign to Salem, and
Salem  shall  accept  from  CRI,  the  rights  of  CRI to indemnification by the
Stockholders  under  the  Stock  Purchase  Agreement  insofar  as such rights to
indemnification relate to the RRC Assets and the representations, warranties and
covenants  of  Midwestern  and  the  Stockholders  with respect thereto.  To the
extent that CRI is not permitted to assign such indemnification rights to Salem,
CRI  will  cooperate with Salem to provide Salem with the benefit of such rights
and  to  assist  Salem  in  enforcing such rights against the Stockholders.  CRI
further agrees that it will not consent to or authorize any release of any funds
held by the Escrow Agent pursuant to the Holdback Escrow Agreement (as each such
term  is  defined in the Stock Purchase Agreement) without first consulting with
Salem.
     8.3     NO  SOLICITATION  OF  THIRD  PARTIES.3  NO  SOLICITATION  OF  THIRD
             ------------------------------------    ---------------------------
PARTIES.  Neither  party  nor any of its subsidiaries, nor any of its directors,
officers,  employees,  representatives  or agents shall, directly or indirectly,
solicit  or  initiate  inquiries  or proposals from, or enter into any agreement
with  respect  to,  or provide any confidential information to or participate in
any  discussions  or  negotiations with, any corporation, partnership, person or
other  entity or group concerning any sale to such party of all or substantially
all  of  the  assets  of the Stations owned by it (whether directly or through a
merger  or  sale  of stock of Cox or Salem).  The parties will immediately cease
and  cause to be terminated any existing activities, discussions or negotiations
with  any  third  parties  conducted  heretofore  with  respect  to  any  of the
foregoing.
     8.4     ACCESS..4  ACCESS.  Prior  to the Closing, each party shall give to
             ------     ------
the other party and its representatives full and reasonable access during normal
business  hours  to all of the party's properties, books, contracts, reports and
records  including  financial  information,  in each case relating to Assets, in
order  that  the parties may have full opportunity to make such investigation as
they  desire of such Stations, and each party shall furnish the other party with
such  information  as  such  other  party  may  reasonably request in connection
therewith;  provided that access to the properties, books, contracts and records
of  the  RRC Station and RRC shall be subject to the terms of the Stock Purchase
Agreement.  The  rights of the parties under this Section shall not be exercised
in  such  a  manner  as  to  interfere  unreasonably with the business of either
party's  Stations.
8.5     INCONSISTENT  ACTIONS..5  INCONSISTENT  ACTIONS.  Prior  to the Closing,
        ---------------------     ---------------------
neither  Cox  nor  Salem  shall take any action which is materially inconsistent
with  its  obligations  under  this Agreement, or that could hinder or delay the
consummation  of  the  transactions  contemplated  by  this  Agreement.
8.6     COOPERATION.  Each  party  shall  use commercially reasonable efforts to
        -----------
cooperate  fully with each other and their respective counsel and accountants in
connection  with  any  actions required to be taken as part of their obligations
under this Agreement, and each party will use commercially reasonable efforts to
consummate  the  transactions contemplated hereby and to fulfill its obligations
hereunder  including  without limitation, each party's obligation to ensure that
the  transactions  contemplated hereby are accomplished in a manner enabling the
transfer  of  the  Cox Assets, the RRC Assets and the Salem Assets to qualify as
part  of  a  Section  1031  Exchange.
8.7     CONTROL  OF  THE STATIONS8.7 CONTROL OF THE STATIONS.  Prior to Closing,
        -------------------------    -----------------------
neither  party  shall, directly or indirectly, control, supervise, or direct, or
attempt  to  control,  supervise  or  direct the operations of the other party's
Stations;  those  operations,  including complete control and supervision of all
Station  programs,  employees, and policies, shall be the sole responsibility of
the  Station's  licensee.
8.8     RISK  OF LOSS.8 RISK OF LOSS.  The risk of any loss, damage, impairment,
        -------------   ------------
confiscation, or condemnation of any of the Cox Assets from any cause whatsoever
     shall  be  borne by Cox at all times prior to the Closing.  The risk of any
loss, damage, impairment, confiscation, or condemnation of any of the RRC Assets
from  any  cause  whatsoever  shall  be  borne  by RRC at all times prior to the
Closing.  The  risk  of  any  loss,  damage,  impairment,  confiscation,  or
condemnation of any of the Salem Assets from any cause whatsoever shall be borne
by  Salem  at  all  times  prior  to  the  Closing.
8.9     THIRD  PARTY  CONSENTS.9 THIRD PARTY CONSENTS.  Between the date of this
        ----------------------   --------------------
Agreement and the Closing, Cox and Salem shall use their respective commercially
     reasonable  efforts  to obtain the consent of any third party necessary for
the  assignment  of  any contract or agreement to be assigned hereunder.  In the
event  a consent or waiver required with respect to the assignment of a contract
has  not  been  obtained  before  the Closing, Cox or Salem (as the case may be)
shall  use  its  commercially reasonable best efforts to provide the other party
with the benefits of any such contract, including without limitation, permitting
such  other  party  to  enforce  any  rights  of  Cox or RRC or Salem under such
contract.
     8.10     TITLE  INSURANCE  AND  SURVEYSTITLE  INSURANCE  AND  SURVEYS.
              ------------------------------
     (a)  With  respect  to each parcel of Cox Real Property and with respect to
each  parcel  of RRC Real Property, Salem will obtain at or prior to Closing, an
ALTA  Owner's  Policy  of  Title  Insurance  Form  B-1992  (or equivalent policy
acceptable  to  Salem),  issued  by a title insurer satisfactory to Salem, in an
amount  equal  to  the  fair  market  value of the property and any improvements
thereon  (as  reasonably  determined by Salem), insuring title to such parcel in
the  name  of  Salem  as  of  the Closing, subject only to liens or encumbrances
expressly  permitted by this Agreement; and with respect to each parcel of Salem
Real  Property  that Salem owns, Cox will obtain at or prior to Closing, an ALTA
Owner's  Policy  of Title Insurance Form B-1992 (or equivalent policy acceptable
to  Cox),  issued  by a title insurer satisfactory to Cox, in an amount equal to
the  fair  market  value  of  the  property  and  any  improvements  thereon (as
reasonably  determined by Cox), insuring title to such parcel in the name of Cox
as  of the Closing, subject only to liens or encumbrances expressly permitted by
this  Agreement.
     (b)  General  Requirements  as  to  Title  Insurance  Policies.  Each title
          ---------------------------------------------------------
insurance  policy obtained by Cox or Salem, as the case may be, pursuant to this
Agreement shall (1) insure title to the Cox Real Property, the RRC Real Property
or  the  Salem  Real Property described in the policy and all recorded easements
benefiting  the  Cox  Real  Property,  the  RRC  Real Property or the Salem Real
Property,  (2)  contain  an  "extended  coverage  endorsement" insuring over the
general  exceptions  customarily  contained  in  title  policies, (3) contain an
endorsement  insuring  that  the Cox Real Property, the RRC Real Property or the
Salem Real Property described in the policy is the same real estate shown in the
survey  delivered  with respect to such property, and (4) contain a "contiguity"
endorsement  with respect to any of the Cox Real Property, the RRC Real Property
or  the  Salem  Real  Property  consisting  of  more  than  one  record  parcel.
(c)  Surveys.  With  respect  to  each  parcel  of  Cox  Real Property, RRC Real
     -------
Property  or  Salem Real Property, as to which a title insurance policy is to be
     -
procured  pursuant to this Agreement, Salem will procure a current survey of the
parcel  of  Cox  Real  Property  and  RRC  Real Property, and Cox will procure a
current  survey  of  the  parcel  of Salem Real Property, prepared by a licensed
surveyor  and  conforming  to  current ALTA Minimum Detail Requirements for Land
Title  Surveys,  disclosing  the  location of all improvements, easements, party
walls,  sidewalks,  roadways, utility lines, and other matters customarily shown
on  such  surveys, and showing access affirmatively to public streets and roads.
     8.11     COMPLIANCE  WITH  HSR  ACT  8.11  COMPLIANCE WITH HSR ACT.  If the
              --------------------------        -----------------------
transactions  contemplated  by  this  Agreement  are  subject  to  the  filing
requirements  of  the  Hart-Scott-Rodino  Antitrust Improvements Act of 1976, as
amended  (the  "HSR  Act"), or the approval by the U.S. Federal Trade Commission
(the  "FTC")  and  the Antitrust Division of the U.S. Department of Justice (the
"DOJ"),  Cox  and  Salem  will  (i) each make such filings as are required under
Title  II of the HSR Act as soon as practicable but in any event within ten (10)
days  of  the date of the acceptance by Midwestern and the Stockholders of Cox's
offer  set forth in the Stock Purchase Agreement, (ii) otherwise promptly comply
with  the  applicable  requirements  under the HSR Act, including furnishing all
information  and filing all documents required thereunder, (iii) furnish to each
other  copies  of  those  portions  of  the  documents  filed  which  are  not
confidential,  and  (iv)  cooperate  fully and use their respective commercially
reasonable  efforts  to  expedite  compliance  with  the  HSR  Act.
8.12     CONFIDENTIALITY.  Each  of  the parties hereto agrees to keep the terms
         ---------------
and  conditions  of  this  Agreement  confidential  until  the filing of the FCC
Applications  except  (a) for any disclosures to Midwestern and the Stockholders
that  may be necessary under the Stock Purchase Agreement, and (b) as and to the
extent  required  by law, including disclosure requirements of federal and state
securities  laws and rules and regulations of securities markets or as necessary
to  fulfill  its  obligations  under  this  Agreement.
8.13     FINANCIAL  STATEMENTS.  To  the  extent  any  party acquiring a Station
         ---------------------
hereunder  is  required  to  provide audited financial statements regarding such
Station  pursuant  to applicable law including, without limitation, Rule 3-05 of
Regulation  S-X  of  the  rules  and  regulations of the Securities and Exchange
Commission,  and to the extent such financial statements exist and are available
to  the  conveying  party,  the  conveying  party  (as  soon  as  is  reasonably
practicable  following  Closing, but in any event within sufficient time for the
acquiring  party  to  comply with applicable law) shall provide to the acquiring
party  a true, correct and complete copy of the audited financial statements for
such  Station for the three (3) fiscal years prior to Closing, or, to the extent
the  audited  financial statements are not within the conveying party's custody,
possession or control, the conveying party (as soon as is reasonably practicable
following  Closing,  but  in  any event within sufficient time for the acquiring
party  to comply with applicable law) shall provide to the acquiring party true,
correct  and  complete  copies of the financial records for such Station for the
three  (3) fiscal years prior to Closing and, provided management are available,
requisite  access  to  management  sufficient for the acquiring party and/or its
representatives  to  create  audited  financial  statements  for  the  Station.
     9.     CONDITIONS  TO  SALEM'S  OBLIGATIONS.9.  CONDITIONS  TO  SALEM'S
            ------------------------------------     -----------------------
OBLIGATIONS.  Unless  waived by Salem in writing, all obligations of Salem under
         --
this  Agreement  are  subject to the fulfillment, prior to or at the Closing, of
each  of  the  following  conditions.
     9.1     REPRESENTATIONS,  WARRANTIES  AND  COVENANTS.  .1  REPRESENTATIONS,
             --------------------------------------------       ----------------
WARRANTIES  AND  COVENANTS.  The  representations  and warranties of Cox in this
   -----------------------
Agreement  shall  be  true and correct in all material respects at and as of the
Closing  Date,  as  if made at and as of such date; Cox shall have performed all
obligations and complied with all covenants in all material respects required by
this  Agreement  to  be  performed  or  complied  with  by it at or prior to the
Closing; and Salem shall have received from Cox a certificate or certificates in
such  reasonable detail as Salem may reasonably request, signed by an officer of
Cox  and  dated  the  Closing  Date,  to  the  foregoing  effect.
9.2     APPROVALS  OF  GOVERNMENTAL  AUTHORITIES9.2  APPROVALS  OF  GOVERNMENTAL
        ----------------------------------------     ---------------------------
AUTHORITIES.  Any  and  all  governmental  approvals necessary to consummate the
     ------
transactions  contemplated  by  this  Agreement  shall  have  been  received.
9.3     NO ADVERSE PROCEEDINGS.  .3 NO ADVERSE PROCEEDINGS.  No order shall have
        ----------------------      ----------------------
     been  issued  by, and no suit, action or other proceeding against Cox shall
be pending before, any court or governmental agency of competent jurisdiction in
which  it is sought to restrain or prohibit any of the transactions contemplated
by  this  Agreement or to obtain damages or other relief in connection with this
Agreement  or  the  transactions contemplated hereby; provided, however, that if
                                                      --------  -------
Cox  and  Salem  mutually  determine that any pending suit, action or proceeding
seeking to restrain or prohibit the transactions contemplated hereby is unlikely
to succeed on the merits, then the pendency of such proceeding shall not prevent
the  Closing.
9.4     CONSENTS.4  CONSENTS.  The  consents  designated as required consents on
        --------    --------
Schedule  5.3  shall  have  been  obtained.
  -----------
9.5     CLOSING  DOCUMENTS.  .5  CLOSING  DOCUMENTS.  Cox  and  RRC  shall  have
        ------------------       ------------------
executed  and  delivered  to  Salem  the  documents  required to be executed and
delivered  by  it  pursuant  to  SECTION  4.
9.6     FCC CONSENT..6 FCC CONSENT.  The FCC shall have given its consent to the
        -----------    -----------
     FCC  Applications  and  to  the  transactions  contemplated  hereby.
9.7     RESOLUTIONS.7  RESOLUTIONS.  Cox  shall  have  delivered  to  Salem
        -----------    -----------
resolutions  adopted  by  the  Board of Directors of Cox and RRC authorizing and
        --
approving  the  execution and delivery of this Agreement and the consummation of
the  transactions  contemplated  hereby,  certified  by  the  Secretary  of such
companies  as  being  true  and  complete  as  of  the  Closing  Date.
9.8     HSR  ACT 9.8 HSR ACT.  If legally required, all filings with the FTC and
        --------     -------
the  DOJ pursuant to the HSR Act shall have been made and all applicable waiting
periods  with  respect  to such filings (including any extensions thereof) shall
have  expired or been terminated and no actions shall have been instituted which
are  pending  on  the  Closing  Date by the FTC or DOJ challenging or seeking to
enjoin  the  consummation  of  this  transaction.
     10.     CONDITIONS  TO COX'S OBLIGATIONS.. CONDITIONS TO COX'S OBLIGATIONS.
             --------------------------------   -------------------------------
Unless  waived  by Cox in writing in its sole discretion, all obligations of Cox
under this Agreement are subject to the fulfillment, prior to or at the Closing,
of  each  of  the  following  conditions.
     10.1     REPRESENTATIONS,  WARRANTIES  AND  COVENANTS.1  REPRESENTATIONS,
              --------------------------------------------    ----------------
WARRANTIES  AND  COVENANTS.  The representations and warranties of Salem in this
     ---------------------
Agreement  shall  be  true and correct in all material respects at and as of the
Closing  Date, as if made at and as of such date; Salem shall have performed all
obligations and complied with all covenants in all material respects required by
this  Agreement  to  be  performed  or  complied  with  by it at or prior to the
Closing; and Cox shall have received from Salem a certificate or certificates in
such  reasonable  detail  as Cox may reasonably request, signed by an officer of
Salem  and  dated  the  Closing  Date,  to  the  foregoing  effect.
10.2     APPROVALS  OF  GOVERNMENTAL  AUTHORITIES.  .2 APPROVALS OF GOVERNMENTAL
         ----------------------------------------      -------------------------
AUTHORITIES.  Any  and  all  governmental  approvals necessary to consummate the
  ---------
transactions  contemplated  by  this  Agreement  shall  have  been  received.
  -
10.3     NO  ADVERSE  PROCEEDINGS.  .3  NO  ADVERSE PROCEEDINGS.  No order shall
         ------------------------       -----------------------
have been issued, and no suit, action or other proceeding against Salem shall be
     pending  before, any court or governmental agency of competent jurisdiction
in  which  it  is  sought  to  restrain  or  prohibit  any  of  the transactions
contemplated  by  this  Agreement  or  to  obtain  damages  or  other  relief in
connection  with  this  Agreement  or  the  transactions  contemplated  hereby;
provided,  however,  that  if  Salem and Cox mutually determine that any pending
           -------
suit,  action  or  proceeding  seeking  to restrain or prohibit the transactions
contemplated  hereby  is unlikely to succeed on the merits, then the pendency of
such  proceeding  shall  not  prevent  the  Closing.
10.4     CONSENTS.4  CONSENTS.  The  consents designated as required consents on
         --------    --------
Schedule  7.3  shall  have  been  obtained.
 ------------
10.5     CLOSING  DOCUMENTS.5  CLOSING DOCUMENTS.  Salem shall have executed and
         ------------------    -----------------
delivered  to  Cox  the  documents  required  to be executed and delivered by it
pursuant  to  SECTION  4.
10.6     FCC CONSENT.6 FCC CONSENT.  The FCC shall have given its consent to the
         -----------   -----------
     FCC  Applications  and  the  transactions  contemplated  hereby.
10.7     RESOLUTIONS.7  RESOLUTIONS.  Salem  shall  have  delivered  to  Cox
         -----------    -----------
resolutions adopted by the Board of Directors of Salem authorizing and approving
     the  execution  and  delivery  of  the  transactions  contemplated  hereby,
certified by the Secretary of Salem as being true and complete as of the Closing
Date.
10.8     HSR  ACT  10.8  HSR ACT.  If legally required, all filings with the FTC
         --------        -------
and  the  DOJ  pursuant  to  the HSR Act shall have been made and all applicable
waiting  periods with respect to such filings (including any extensions thereof)
shall  have expired or been terminated and no actions shall have been instituted
which  are  pending on the Closing Date by the FTC or DOJ challenging or seeking
to  enjoin  the  consummation  of  this  transaction.
10.9     STOCK  PURCHASE  AGREEMENT.  The  Stock  Purchase  Closing  shall  have
         --------------------------
occurred.
     11.     TERMINATION11. TERMINATION.     This Agreement may be terminated by
             -----------    -----------
either  Cox  or Salem, if the terminating party is not then in material default,
upon  written  notice  to  the  other  party,  upon the occurrence of any of the
following:
     (a)     Conditions.  If on the Closing Date any of the conditions precedent
             ----------
to the obligations of the terminating party set forth in this Agreement have not
been  satisfied in all material respects or waived in writing by the terminating
party.
(b)     Judgments.  If  there  shall  be in effect on the Closing Date any final
        ---------
judgment,  decree,  or  order that would prevent or make unlawful the Closing of
this  Agreement.
(c)     Upset  Date.  If  the  Closing  shall not have occurred on or before the
        -----------
date  that is twelve (12) months after the date of the Stock Purchase Agreement.
(d)     Breach.  If  the other party is in material breach of this Agreement and
        ------
the breach remains uncured notwithstanding the opportunity to cure provisions of
SECTION  12.7  hereof.
(e)     Stock  Purchase  Agreement.  If  the  Stock  Purchase Agreement has been
        --------------------------
terminated  other  than  by  closing  of  the transactions contemplated thereby.
12.     SURVIVAL  OF  REPRESENTATIONS  AND  WARRANTIES  AND  INDEMNIFICATION.12.
        ---------------------------------------------------------------------
SURVIVAL  OF  REPRESENTATIONS  AND  WARRANTIES  AND  INDEMNIFICATION.
     ----------------------------------------------------------------
     12.1     SURVIVAL12.1  SURVIVAL.  All  representations  and  warranties
              --------      --------
contained  in  this  Agreement  shall survive the Closing for a period of twelve
(12)  months.  Any  investigations by or on behalf of any party hereto shall not
constitute waiver as to enforcement of any representation, warranty, or covenant
contained in this Agreement.  No notice or information delivered by either party
shall  affect  the other party's right to rely on any representation or warranty
made  by the party providing such notice or information or relieve such party of
any  obligations  under  this  Agreement as the result of a breach of any of its
representations  and  warranties.
12.2     INDEMNIFICATION BY COX12.2 INDEMNIFICATION BY COX.  Notwithstanding the
         ----------------------     ----------------------
     Closing,  Cox  hereby  agrees, subject to SECTION 12.4(E), to indemnify and
hold  Salem harmless against and with respect to, and shall reimburse Salem for:
     (a)     Breach.  Any and all losses, liabilities, or damages resulting from
             ------
any  untrue  representation  or  breach  of  warranty,  to  the  extent  such
representation  or  warranty  survives  the  Closing,  or  nonfulfillment of any
covenant  by Cox contained herein or in any certificate, document, or instrument
delivered  to  Salem  hereunder.
(b)     Obligations.  Any  and  all  Excluded  Liabilities  relating  to the Cox
        -----------
Stations  or  the  RRC  Station.
(c)     Ownership.  Any and all losses, liabilities (other than liabilities that
        ---------
are  prorated  pursuant  to  SECTION  4.2)  or  damages  resulting  from (i) the
operation  or  ownership  of  the  Cox Stations and the RRC Station prior to the
Closing  Date, including any and all liabilities arising under the Cox Licenses,
the  RRC  Licenses,  or  the  Cox  Real Property Leases or the RRC Real Property
Leases  which  relate to events occurring prior to the Closing Date, or (ii) the
operation  or  ownership  of  the  Salem  Station on and after the Closing Date,
including  any and all liabilities arising under the Salem Licenses or the Salem
Real  Property  Leases  which relate to events occurring after the Closing Date.
(d)     Legal  Matters.  Any  and  all  actions,  suits,  proceedings,  claims,
        --------------
demands, assessments, judgments, costs, and expenses, including reasonable legal
fees and expenses, incident to any of the foregoing or incurred in investigating
or  attempting  to  avoid  the  same  or to oppose the imposition thereof, or in
enforcing  this  indemnity.
     12.3     LNDEMNIFICATION  BY  SALEM12.3  LNDEMNIFICATION  BYSalem.
              --------------------------      ------------------------
Notwithstanding  the Closing, subject to SECTION 12.4(E), Salem hereby agrees to
indemnify and hold Cox harmless against and with respect to, and shall reimburse
Cox  for:
     (a)     Breach.  Any and all losses, liabilities, or damages resulting from
             ------
any  untrue  representation  or  breach  of  warranty,  to  the  extent  such
representation  or  warranty  survives  the  Closing,  or  nonfulfillment of any
covenant  by  Salem  contained  herein  or  in  any  certificate,  document,  or
instrument  delivered  to  Cox  hereunder.
(b)     Obligations.  Any  and  all  Excluded  Liabilities relating to the Salem
        -----------
Station.
(c)     Ownership.  Any and all losses, liabilities (other than liabilities that
        ---------
are  prorated  pursuant  to  SECTION  4.2),  or  damages  resulting from (i) the
operation or ownership of the Salem Station prior to the Closing Date, including
any  and  all  liabilities  arising  under  the Salem Licenses or the Salem Real
Property  Leases  which relate to events occurring prior to the Closing Date, or
(ii)  the  operation or ownership of the Cox Stations and the RRC Station on and
after  the Closing Date, including any and all liabilities arising under the Cox
Licenses,  the  RRC  Licenses,  or  the Cox Real Property Leases or the RRC Real
Property  Leases  which  relate  to  events  occurring  after  the Closing Date.
(d)     Legal  Matters.  Any  and  all  actions,  suits,  proceedings,  claims,
        --------------
demands,  assessments, judgments, costs and expenses, including reasonable legal
fees and expenses, incident to any of the foregoing or incurred in investigating
or  attempting  to  avoid  the  same  or to oppose the imposition thereof, or in
enforcing  this  indemnity.
     12.4     PROCEDURE  FOR  INDEMNIFICATIONPROCEDURE FOR INDEMNIFICATION.  The
              ------------------------------------------------------------
procedure  for  indemnification  shall  be  as  follows:
     (a)     Notice.  The  party  seeking indemnification (the "Claimant") shall
             ------
promptly  give notice to the indemnifying party (the "Indemnitor") of any claim,
whether  solely  between the parties or brought by a third party, specifying (i)
the  factual  basis  for  the  claim,  and  (ii)  the  amount  of  the  claim.
(b)     Investigation.  With  respect  to  claims between the parties, following
        -------------
receipt of notice from the Claimant of a claim, the Indemnitor shall have thirty
(30)  business  days  to make any investigation of the claim that the Indemnitor
deems  necessary  or  desirable.  For  the  purposes  of this investigation, the
Claimant  agrees  to  make  available  to  the  Indemnitor and/or its authorized
representatives  the information relied upon by the Claimant to substantiate the
claim.  If  the  Claimant and the Indemnitor cannot agree as to the validity and
amount  of  the  claim  within  said  30-day period (or any mutually agreed upon
extension  thereof),  the  Claimant  may  seek  appropriate  legal  remedy.
(c)     Control.  With  respect  to  any  claim by a third party as to which the
        -------
Claimant is entitled to indemnification hereunder, the Indemnitor shall have the
right  at  its own expense to participate in or assume control of the defense of
the  Claim,  and the Claimant shall cooperate fully with the Indemnitor, subject
to  reimbursement  for actual out-of-pocket expenses incurred by the Claimant as
the  result  of a request by the Indemnitor.  If the Indemnitor elects to assume
control  of  the  defense  of any third-party claim, the Claimant shall have the
right  to  participate  in  the defense of the claim at its own expense.  If the
Indemnitor  does  not  elect  to  assume control or otherwise participate in the
defense  of  any third party claim, it shall be bound by the results obtained by
the  Claimant  with  respect  to  the  claim.
(d)     Immediate Action.  If a claim, whether between the parties or by a third
        ----------------
party,  requires immediate action, the parties will make every effort to reach a
decision  with  respect  thereto  as  expeditiously  as  possible.
     (e)     Limitations  on  Indemnification.
             --------------------------------
     (i)  Any  indemnity payment hereunder shall be limited to the extent of the
actual  loss  or  damage  suffered  by  the Claimant and shall be reduced by the
amount  of  any  recovery  by  the  Claimant from any third party, including any
insurer,  and  by  the  amount  of  any  tax  benefits  received.
     (ii)  No  party  shall  be entitled to indemnification hereunder unless and
until  the  amount  for  which  indemnification  is owing exceeds Fifty Thousand
Dollars  ($50,000)  (the  "Minimum Loss") in the aggregate for all such matters;
provided,  however, that if such amount exceeds the Minimum Loss, the Indemnitor
shall  be  liable  to the Claimant for an amount equal to fifty percent (50%) of
the  Minimum  Loss and one hundred percent (100%) of any excess over the Minimum
Loss, and provided further, that the aggregate amount for which a party shall be
          ----------------
entitled  to  indemnification  hereunder  for a breach by the other party of its
representations,  warranties  and  covenants  shall  not  exceed  Twenty Million
Dollars  ($20,000,000).  No party shall be entitled to indemnification hereunder
for  any claim arising from the breach by the other party of its representations
and  warranties  which is not asserted against the Indemnitor within twelve (12)
months  after  the  Closing  Date.
(iii)  The limitations in SECTION 12.4(E)(II) shall not apply to the adjustments
and  prorations  to  be  made  pursuant  to  SECTION  4.2.
     12.5     SPECIFIC  PERFORMANCE12.6  SPECIFIC  PERFORMANCE.  The  parties
              ---------------------      ---------------------
recognize  that  if  either  party refuses to perform its obligations under this
Agreement,  monetary  damages will not be adequate to compensate the other party
for  its  injury.  Each  party  shall therefore be entitled to elect, in lieu of
money  damages,  to  obtain specific performance of the terms of this Agreement.
If  any  action is brought by either Salem or Cox to enforce this Agreement, Cox
or  Salem, as the case may be, shall waive the defense that there is an adequate
remedy at law.  Either party shall have the right to obtain specific performance
of  the  terms of this Agreement without being required to prove actual damages,
post  bond  or  furnish  other  security.
12.6     OPPORTUNITY  TO CURE12.7 OPPORTUNITY TO CURE.  Neither party shall have
         --------------------     -------------------
the  right  to terminate this Agreement as a result of the other party's default
unless  the  terminating  party  shall  have  given the defaulting party written
notice  specifying in reasonable detail the nature of the default and shall have
afforded  the  defaulting party thirty (30) days (the "Cure Period") to cure the
default  or to undertake to cure the default in a commercially reasonable manner
during the Cure Period (if it cannot be reasonably cured during the Cure Period)
     and  such  party pursues said cure with reasonable diligence after the Cure
Period.
12.7     RIGHTS  UNDER  STOCK  PURCHASE  AGREEMENT.  Nothing  in this SECTION 12
         -----------------------------------------
shall  be  deemed  to  limit  or restrict the exercise by Salem of any rights to
indemnification it may enjoy under the terms of the Stock Purchase Agreement, as
contemplated  by  SECTIONS 4.1(E) and 8.2 hereof, in accordance with and subject
to  the  terms  of  the  Stock  Purchase  Agreement.
     13.     TAXES,  COSTS  AND  EXPENSES.  Each party shall bear its own legal,
             ----------------------------
accounting  and  other professional expenses in connection with the negotiation,
preparation and consummation of this Agreement and the transactions contemplated
hereby.  All  other  expenses and costs including but not limited to the HSR Act
filing  fee,  FCC  application filing fees, title insurance and survey expenses,
transfer and use taxes, sales taxes, documentary stamps and recording fees shall
be  aggregated  and  paid  one-half  by Cox and one-half by Salem as part of the
adjustments  and  prorations  to  be  made  pursuant  to  SECTION  4.2.
14.     BENEFIT  OF  AGREEMENT;  ASSIGNMENT14. BENEFIT OF AGREEMENT; ASSIGNMENT.
        -----------------------------------    --------------------------------
No  party shall assign its interest under this Agreement, by operation of law or
otherwise,  without  the written consent of the other party, such consent not to
be unreasonably withheld, provided, however, that either party without obtaining
     the  other party's consent may assign all or a portion of its rights and/or
obligations  to  a  corporation,  partnership  or  other  business  entity  that
controls,  is  controlled  by,  or  is under common control with such party, and
further  provided  that  Cox,  RRC,  or Salem may assign all or a portion of its
rights  but  not  its  obligations  to  a  qualified  intermediary as defined in
Treasury Regulation Section 1.1031(k) - 1(g)(4).  Subject to the foregoing, this
Agreement  shall be binding upon, inure to the benefit of, and be enforceable by
the  parties  hereto  and  their  respective  heirs,  successors  and  assigns.
     15.     NOTICES15.  NOTICES.  All  notices,  requests,  demands  and  other
             -------     -------
communications which are required or may be given under this Agreement, shall be
in  writing  and  shall be deemed to have been duly given upon the hand delivery
thereof  during business hours, or upon the earlier of receipt or three (3) days
after posting by registered mail or certified mail, return receipt requested, or
on  the  next  business  day  following delivery to a reliable or recognized air
freight  delivery  service,  in  each  case  addressed  as  follows.

If  to  Cox  or  CBI:          Robert  F.  Neil
President
Cox  Radio,  Inc.
1400  Lake  Hearn  Drive,  N.E.
Atlanta,  Georgia  30319
with  a  copy  to:               Kevin  F.  Reed,  Esq.
Dow,  Lohnes  &  Albertson,  PLLC
1200  New  Hampshire  Avenue,  N.W.
Suite  800
Washington,  D.C.  20036-6802

If  to  Salem:               Jonathan  Block,  Esq.
                    General  Counsel
Salem  Communications  Corp.
4880  Santa  Rosa  Road
Suite  300
Camarillo,  California  93012
with  a  copy  to:               James  P.  Riley,  Esq.
Fletcher,  Heald  &  Hildreth,  P.L.C.
1300  North  17th  Street
11th  Floor
Arlington,  VA  22209

Any  party may, with written notice to the other, change the place for which all
further  notices  to  such  party shall be sent.  All costs and expenses for the
delivery  of  notices  hereunder  shall  be borne and paid for by the delivering
party.
     16.     SEVERABILITY16.  SEVERABILITY.  All agreements and covenants herein
             ------------     ------------
are severable.  In the event that any provision of this Agreement should be held
to be unenforceable, the validity and enforceability of the remaining provisions
hereof  shall  not  be  affected  thereby.
17.     ENTIRE  AGREEMENT17.  ENTIRE  AGREEMENT.  Except  as  herein  expressly
        -----------------     -----------------
provided,  this  Agreement embodies the entire agreement and understanding among
Salem  and  Cox  and supersedes all prior agreements and understandings, whether
oral  or  in  writing,  with  respect  to  the  purchase and sale of the Assets.
18.     GOVERNING  LAW18.  GOVERNING LAW.  This Agreement shall be construed and
        --------------     -------------
enforced  in accordance with the laws of the State of Georgia, without reference
to  the  conflict  of  law  principles  thereof.
19.     EXHIBITS19.  EXHIBITS.  All Exhibits, Schedules, collateral documents or
        --------     --------
instruments  attached  to this Agreement or to be provided at the Closing in the
form  of  an  exhibit attached to this Agreement, shall be deemed a part of this
Agreement  and  incorporated  herein,  where  applicable,  as if fully set forth
herein.
20.     COUNTERPARTS.  COUNTERPARTS.  This  Agreement  may be executed in one or
        ------------   ------------
more counterparts, each of which when taken together, shall have the same effect
     as  if  the  signature  on  each counterpart were upon the same instrument.
21.     INTENTIONALLY  OMITTED.
        ----------------------
22.     AMENDMENT;  WAIVER22.  AMENDMENT; WAIVER.  This Agreement (including the
        ------------------     -----------------
Schedules  and  Exhibits  hereto)  may not be amended, supplemented or otherwise
modified,  nor  may  any  party  hereto be relieved of any of its liabilities or
obligations  hereunder,  except  by  a  written  instrument duly executed by the
parties hereto.  Any such written instrument entered into in accordance with the
     provisions  of  the  preceding  sentence  shall  be  valid  and enforceable
notwithstanding the lack of separate legal consideration therefor.  No waiver by
any  party  of any of the provisions hereof shall be effective unless explicitly
set  forth  in  writing and executed by the party so waiving.  The waiver by any
party hereto of a breach of any provision of this Agreement shall not operate or
be  construed  as  a  waiver  of  any  subsequent  breach.
23.     ATTORNEY'S  FEES23.  ATTORNEY'S FEES.  In the event of a dispute between
        ----------------     ---------------
or  among  the parties hereto arising out of or related to this Agreement or the
interpretation  or  enforcement of this Agreement, the prevailing party shall be
entitled  to  recover  reasonable  attorney's  fees, costs and expenses from the
other  party.
24.     DEFINED  TERMS  24.  DEFINED  TERMS.
        --------------
"Act"                                                    5.10
"Agreement"                                              Preamble
"Appraisals"                                             1.7(a)
"Appraiser"                                              1.7(a)
"Assets"                                                 1.5(a)
"CERCLA"                                                 5.12
"Claimant"                                               12.4(a)
"Closing  Date"                                          4
"Closing"                                                4
"Code"                                                   Recitals
"Cox"                                                    Preamble
"Cox  Assets"                                            1.3
"Cox  FCC  Application"                                  8.1
"Cox  FCC  Licenses"                                     1.3
"Cox  Licenses"                                          1.3
"Cox  Proration  Schedule"                               4.2(c)
"Cox  Real  Property"                                    1.2
"Cox  Real  Property  Leases"                            1.2
"Cox  Records"                                           1.1
"Cox  Stations"                                          Recitals
"Cox  Tangible  Personal  Property"                      1.1
"Cox's  Proration  Amount"                               4.2(d)
"CRI"                                                    Preamble
"Cure  Period"                                           12.6
"CXR"                                                    Preamble
"DOJ"                                                    8.11
"Excluded  Assets"                                       1.5(b)
"Excluded  Liabilities"                                  1.6
"FCC"                                                    Recitals
"FCC  Applications"                                      8.1
"FTC"                                                    8.11
"HSR  Act"                                               8.11
"Indemnitor"                                             12.4(a)
"Liens"                                                  1.1
"Midwestern"                                             Recitals
"Minimum  Loss"                                          12.4(e)(ii)
"Notice  of  Disagreement"                               4.2(c)
"Permitted  Liens"                                       1.1
"RRC"                                                    Recitals
"RRC  Assets"                                            1.3
"RRC  Documents"                                         6.3
"RRC  FCC  Application                                   8.1
"RRC  FCC  Licenses"                                     1.3
"RRC  Licenses"                                          1.3
"RRC  Real  Property"                                    1.2
"RRC  Real  Property  Leases"                            1.2
"RRC  Records"                                           1.1
"RRC  Station"                                           Recitals
"RRC  Tangible  Personal  Property"                      1.1
"Salem"                                                  Preamble
"Salem  Assets"                                          1.5
"Salem  FCC  Application"                                8.1
"Salem  FCC  Licenses"                                   1.4
"Salem  Licenses"                                        1.4
"Salem  Proration  Schedule"                             4.2(d)
"Salem  Real  Property"                                  1.2
"Salem  Real  Property  Leases"                          1.2
"Salem  Records"                                         1.1
"Salem  Tangible  Personal  Property"                    1.1
"Salem's  Proration  Amount"                             4.2(c)
"SCC"                                                    Preamble
"Stations"                                               Preamble
"STB"                                                    Recitals
"Stock  Purchase  Agreement"                             Recitals
"Stock  Purchase  Closing"                               Recitals
"Stockholders"                                           Recitals
"To  the  best  of  Salem's  knowledge"                  7.15
"To  the  best  of  Cox's  knowledge"                    5.15

                [Remainder of this page intentionally left blank]

     IN  WITNESS WHEREOF, this Agreement has been executed by the parties hereto
as  of  the  day  and  year  first  above  written.

     COX  RADIO,  INC.

     By:     ________________________________
             Name:
             Title:

     CXR  HOLDINGS,  INC.

     By:     ________________________________
             Name:
             Title:

     SALEM  COMMUNICATIONS  CORPORATION

     By:     ________________________________
             Name:
             Title:

     SOUTH  TEXAS  BROADCASTING,  INC.

     By:     ________________________________
             Name:
             Title:

                                  SCHEDULE 1.1A
                                  -------------

                         Cox Tangible Personal Property
                         ------------------------------

WSUN(AM)  (formerly  WFNS),  Plant  City,  Florida
--------------------------------------------------

See  attached  list.

KLUP(AM),  Terrell  Hills,  Texas
---------------------------------

See  attached  list.

<PAGE>
                            WSUN(AM) Transmitter Site
                            -------------------------

Harris                         SX-5A              5  kW  AM  Transmitter
Harris                         SX-5A              Sapre  Parts  Kit
Potomac                        AM-19D(210)        Antenna  Monitor
Belar                          AMM-3              Modulation  Monitor
Gentner                        VRC-2000           Remote  Control  System
TFT                            8600               STL  System  (Stereo/Split)
Orban                          9100b              Audio  Processor
Old                            Funky              Monitor  Speaker
RCA/BUD                        6 foot             Equipment  Rack
Radio  Shack                   SA-10              Monitor  Amplifier
                               3 tower            Antenna  System  phasor
Delta                          TCA-20EX           RF  Ammeter
Potomac                        FIM-41             Field  strength  meter
Amana                                             AC  units  (2)
Ground  System                                    Copper  Strap,  Wire, Etc.
Fence
Bridge
Tower  Light  System
STL  Tower
1010  Notch  Filter
Potomac  Phase  Monitor
Base  Current  Meter
Power  Surge  Suppressor
AM  Tower  #1
AM  Tower  #2
AM  Tower  #3

<PAGE>
                              KLUP Transmitter Site
                              ---------------------

1)     Continental  315F  5/1  KW  AM  transmitter  s/n  28
1)     Gates  BC-1G  1KW  AM  transmitter  s/n  73935
1)     Two  (2)  Tower  Phasing  Cabinet
2)     7'  Equipment  Rack
1)     Potomac  1901  Digital  Two  Tower  Antenna  Monitor
1)     Belar  AMM-3  AM  Modulation  Monitor  s/n  142288
1)     Burk  ARC-16  remote  Control  Unit  s/n A94902 with Two (2) Relay Panels
1)     Orban  9100A  AM  Processor/Limiter  s/n  729659
1)     Moseley  PCL-6030  STL  Receiver  s/n  56654  RX  Freq:  950.000 Vertical
1)     Moseley  CL-100  TSL  transmitter  s/n  51539  Freq:  450.980  Horizontal
1)     5  KW  Dummy  Load  with  Meter  and  "X"  tuning  Circuit
1)     Remote  Control  Interface  Power  Suply  48  VDC
1)     13  Watt,  Mono,  Audio  Amplifier  with  Speaker
1)     Delta  TCA-10/20  EXR  Night  Common  Point  Meter  on  Phasor
1)     Delta  TCA-20  EXR  Day  Base  Current  Meter  on  Phasor
1)     Scala  Mini-Grid  STL  Antenna
1)     Scal  Yagi  TSL  System
1)     75'  of  7/8"  Foam  Heliax  with  "N"  connectors
1)     75'  of  1/2"  Foam  Heliax  with  "N"  connectors
2)     Central  Air  Conditioners  1)  2  years  old,  1)  4  years  old
1)     Stewart  &  Stevenson  25  KW  Diesel  Generator  and  Zenith  Changeover
Panel-working

240)     224'  Buried  Cooper  Radials
240)     50'  Buried  Intermediate  Copper  Radials
     500'  of  4"  Copper  Strap
     550'  of  3/8"  Phase  Stabilized  Sample  Lines  (Buried)
     550'  of  7/8  Foam  Heliax  Transmission  Line  (Buried)

KLUP  Towers
------------

1)     224'  Guyed  Triangular,  Base  Insulated Tower with 20" Face (day-Non-D,
Night  Tower  2)
1)     224' Guyed Triangular, Base Insulated Tower with 16" Face (Night Tower 1)

KLUP  Tower  Tuning  Houses
---------------------------

1)     5/1  KW  Antenna  Tuning  Unit  with  Delta  Toroid Sample Coil (Tower 2)
1)     1  KW  Antenna  Tuning  Unit  with Delta Toroid Sample Coil and TCA meter
(Tower  1)

<PAGE>
                                  SCHEDULE 1.1B
                                  -------------

                         RRC Tangible Personal Property
                         ------------------------------

See  attached  list.

<PAGE>
                       Material Items of Personal Property
                       -----------------------------------

COMPUTERS                              BOOK  VALUE
---------                              -----------

8-IBM,  400  MHz.  Pentium  II                    $1,500.00

8-IBM,  450  MHz.  Pentium  II                    $1,650.00

15-IBM  15"  Color  Monitors                    Included  w/  computers

1-IBM  Aptiva  PC,  Monitor,  Printer                    $1,300.00

1-IBM  466  DX2/D  PC                         $       0.00

MONITORS                              BOOK  VALUE
--------                              -----------

1-NEC  MultiSync  LCD  Monitor                    $1,200.00

1-IBM  13"  Color  Monitor                                  0.00

1-Dell  13"  Monochromatic  Monitor                             0.00

PRINTERS                              BOOK  VALUE
--------                              -----------

1-Konica  7310  Multi-Function  Printer,  Fax,  Copier          $1,800.00

2-  Panasonic  KXP4410  Printers                    $       0.00

3-HP  4  LaserJet  Printers                         $   900.00

1-HP  4+  LaserJet  Printer                         $   600.00

2-HP  4000N  LaserJet  Printers                    $1,500.00

1-HP  4000TN  LaserJet  Printer                    $1,650.00

1  HP  4500  Color  Laser  Printer                    $3,700.00

1-HP  100  LaserJet  Printer                         $       0.00

<PAGE>
1-HP1600C  InkJet  Printer                         $1,200.00

2-HP  520  Printers                         $       0.00

1-HP  II  Printer                              $    155.00

1-Epson  DFX  8500  Printer                    $2,000.00

1-Okidata  Printer                              $   200.00

FAX  MACHINES                         BOOK  VALUE
-------------                         -----------

1-Xerox  7021  Fax  Machine                    $   900.00

2-Brother  PPF2750  Fax  Machine                    $   500.00

2-Panasonic  UF  560  Fax  Machines                    $   900.00

1-Sharp  FO3350  Fax  Machine                    $   900.00

COPIERS
-------

1-Ricoh  FT7670  Copier

SHOP/RACK  ROOM
---------------

8     Stanton  Equipment  Racks

1     Tascam  112  Cassette  Machine

3     Audiocord  DL  Cart  Players

2     Audiocord  DL  Cart  Rec/Players

1     Audiometrics  CD  Player

1     ITC  Delta  Cart  Player

3     Revox  PR  99  Reel/Reel  Decks

2     Valley400  Microphone  Processors

1     SAS  64000  Routing  Switcher  w/7  control  units

<PAGE>
4     PR&E  Program  Switchers  w/control  units

3     Aphex  Compressor

1     BBE  862  Sonic  Maximizer

2     Texar  Audio  Prizms

1     Orban  8100A  Optimod  Audio  Processor

1     QEI  Catlink

1     ATI  LA  100  PGM  Amp

1     HNAT  Hindes  Mic  Maze

1     Orban  8200  Potimod  Audio  Processor

1     Hafler  Power  Amp

1     Crown  D75  Power  Amp

2     TFT  930A  Recerivers

4     Audiometrics  Distribution  Amps

1     TFT  887  EBS  Unit

1     Rolls  RS  78B  Tuner

2     ATI  2016  Distribution  Amps

1     CDQ1000  Codec

1     SA  AD  4595  Digital  Receiver

VEHICLES
--------
1  Full  Size  Dodge  Van
1  Small  Size  Chevy  Van
1  Mercedes  SL500
1  Jeep  Cherokee
1  Ford  Expedition

<PAGE>
                    EQUIPMENT LOCATED AT WALR(FM) TOWER SITE

(1)     Continental  817  R  2  B  Transmitter

(1)     Continental  802  D  Digital  Exciter

(1)     QEI  Cat  Link

(1)     Mosley  Remote  Control

(1)     Mosley  S  T  L  Receiver

(1)     Belar  Modulation  Monitors

(1)     Crown  D  75  Amplifier

(2)     JBL  4312  Loudspeakers

(1)     Onan  125  kW  Generator

(2)     Best  Power  U  P  S  Units

(2)     Marcon  Composite  Clippers

<PAGE>
                                  SCHEDULE 1.2A
                                  -------------

                                Cox Real Property
                                -----------------

WSUN(AM(  formerly  WFNS),  Plant  City,  Florida
-------------------------------------------------

WSUN(AM)  Transmitter  Site.  (See  attached  Special  Warranty  Deed  and  ALTA
Commitment
Schedules  A  and  B).

KLUP(AM),  Terrell  Hills,  Texas
---------------------------------

Lease  Agreement  dated  November  17,  1987,  between  KSDR,  Inc.  and  Omni
Broadcasting
Corporation. Provides transmitter and tower space for KLUP. Legal description: A
13.705  acre
tract  of land lying in San Antonio, Bexar County, Texas being the same property
described  in
deed  recorded  in  Volume  4051,  page 419 of the Deed Records of Bexar County,
Texas,  out  of
the  D.J. Davis Survey No. 103 and being more particularly described as follows:

Beginning  at  a  point on the southerly boundary of Sungate Center Subdivision,
said
subdivision  being recorded in Volume 7700, Pages 55 and 56 of the Deed and Plat
Records of Bexar County, Texas said point bring the most southwesterly corner of
Lot  7,
Block  4,  N.C.B.  16620,  Sungate Center Subdivision, said point also being the
most
northwesterly  comer  of  the  herein  described  tract;

Thence, N 89 degrees 42' 30" E, along and with the southerly boundary of Sungate
Center  Subdivision,  a  distance  of  612.17  feet  to  a  point  for  the most
northeasterly  corner
of  the  herein  described  tract;

Thence, with the center line of Beitel Creek as follows: S 35 degrees 29' 00" E,
409.66
feet;  S 00 degrees 00' 00" W, 181.00 feet; S 51 degrees 50' 00" W, 238.20 feet;
S  68
degrees  26'  00"  W,  394.90  feet;  S  62 degrees 59' 00" W, 241.40 feet; S 73
degrees  46'
00"  W,  76.15  feet;

Thence,  N  00  degrees  32'  30"  W,  a distance of 937.03 feet to the point of
beginning  of
therin  described  13.705  acre  tract.

<PAGE>

Return  to:
Elizabeth  McGeary,  Esq.
Address:
Dow,  Lohnes  &  Albertson,  PLLC
1200  New  Hampshire  Avenue,  N.W.
Suite  800
Washington  D.C.  20036

Propert  Appraisal  Parcel
Identification  Number(s):  84328.0025

Grantee(s)  Fed.  I.D.  #(s):  58-1620022

This  special  Warranty  Deed  Made  and  executed  the  18th day of March, A.D.
1997,  by  HARMON  COMMUNICATIONS,  INC.,  a corporation existing under the laws
of  the State of Florida, and having its principal place of business at 1868 Del
Robles
Drive,  Clearwater, Florida, 34624 hereinafter called the grantor, to COX RADIO,
INC.,
a  corporation  existing  under  the laws of Delaware, and whose address is 1400
Lake
Hearn  Drive,  Atlanta,  Georgia  30319  hereinafter  called  the  grantee:
(Wherever  used  herein  the  terms  "grantor"  and  "grantee"  shall  include
singular  and  plural,  all  the  parties  to  this instrument, the heirs, legal
representatives,  and  assigns  of  individuals,  and the successors and assigns
of  the  corporations,  wherever  the  context  so  admits  or  requires.)

     Witnesseth.  That  the  grantor, for and in consideration of the sum of ten
dollars  paid  in  hand
($10.00)  and other good and valuable consideration, the receipt and sufficiency
whereof  is  hereby
acknowledged,  by  these  presents  does  grant,  bargain,  sell, alien, remise,
release  convey  and  confirm
unto the grantee, all that certain land situate in Hillsborough County, State of
Florida,  viz:

AS  SET  FORTH  ON  EXHIBIT  A  ATTACHED  HERETO  AND  MADE  PART  HEREOF

     Together,  with  all the tenements, hereditaments and appurtenances thereto
belonging  or  in  anywise  appertaining.

To  Have  and  to  Hold,  the  same  in  fee  simple  forever.

And  the grantor hereby covenants with said grantee that the grantor is lawfully
seized  of said land in fee simple; that it has good, right and lawful authority
to  sell  and  convey said land; that it hereby fully warrants the title to said
land  and will defend the same against the lawful claims of all persons claiming
by,  through  or  under  the  said  grantor.

<PAGE>
(CORPORATE  SEAL)     IN WITNESS WHEREOF, this grantor has caused these presents
to  be  executed  in its name, and its corporate seal to be hereunto affixed, by
its  proper officers thereunto duly authorized, the day and the year first above
written.

ATTEST:  /s/  Rebecca  Sue  Harmon         Harmon  Communications,  Inc.
         -------------------------
                                                Secretary

Signed,  sealed  and  delivered  in  the  presence  of:

/s/  Susan  A.  Harmon         By:  /s/  Elvin  L.  Harmon
----------------------              ----------------------
     Witness  Signature                    President  (Signature)

/s/  Brent  L.  Harmon
----------------------
        Witness  Signature

<PAGE>

State  of  Florida
County  of  Pinallas

I  hereby  certify  that  on  this day, before me, as officer duly authorized to
administer  oaths and take acknowledgements, personally appeared Elvin L. Harmon
and  Rebecca  Sue  Harmon  known  to  me  to  be  the  President  and  Secretary
respectively  of  Harmon Communications, Inc., the corporation on whose name the
foregoing instrument was executed and that they severally acknowledged executing
the  same  for  such  corporation,  freely and voluntarily, under authority duly
vested  in  them  by said corporation, and that they seal affixed thereto is the
true  corporate  seal of such corporation, and that an oath was not taken.  Said
persons  produced  the  following  type  of  identification:  Florida  Driver's
License.

Witness  my  hand  and official seal in the County ans State last aforesaid this
18th  day  of  March,  A.D.  1997.

/s/  Lee  W.  Schafer
---------------------
Notary  Signature

<PAGE>
                                    EXHIBIT A

The East 1/2 of the Southwest 1/4 of the Northeast 1/4 of Section 4, Township 29
South,  Range  21
East,  LESS  AND  EXCEPT the following:  the South 15O feet and LESS commence at
the
railroad  spike  marking  the  Northeast  corner  of  the  Southwest  1/4 of the
Northeast  1/4  of  said  Section
4;  run thence South (assumed bearing) along the East boundary of said Southwest
1/4  of  the
Northeast  1/4,  a  distance  of  43.04 feet to a point; thence North 88 degrees
57'40"  West,  a  distance  30.00
feet  to  an iron rod on the existing Westerly right-of-way line of Sydney Dover
Road,  said  point
being the point of beginning; thence South along said Westerly right-of-way line
(which  line  is
parallel  with and 30.00 feet West of said East boundary of the Southwest 1/4 of
the  Northeast  1/4)
a  distance of 192.74 feet to an iron rod; thence North 88 degrees 57'40" West a
distance  of  113.00  feet
to  an  iron  rod;  thence  North  192.74  feet  to  an iron rod on the existing
Southerly  right-of-way  line
of  Downing  Street;  thence  South 88 degrees 57'40" East, along said Southerly
right-of-way  line,  a
distance  of  113.00  feet  to  an  iron  rod  and  the  point  of  beginning.

Being  more  particularly  described  as  follows:

Commence  at the railroad spike marking the Northeast comer of the Southwest 1/4
of  the
Northeast  1/4  of  Section  4,  Township  29 South, Range 21 East, Hillsborough
County,  Florida,  run
thence  South (assumed bearing) along the East line of said Southwest 1/4 of the
Northeast  1/4,
a  distance  of  43.04  feet,  thence North 88 degrees 57'40" West a distance of
30.00  feet  to  a  paint  on  the
Westerly  right-of-way  line  of  Sydney  Dover  Road;  thence  South along said
Westerly  right-of-way
line  a  distance  of  192.74 feet to the: point of Beginning, thence continuing
along  said  Westerly
right-of-way  (which line is 30.00 feet West of and parallel to the East line of
said  Southwest  1/4
of  the  Northeast  1/4) South, a distance of 937.45 feet; thence departing said
Westerly  right-of-way
line North 89 degrees 22'15" West slang a line 150.00 feet North of and parallel
to  the  South  line  of  said
Southwest  1/4  of the Northeast 1/4 a distance of 635,40 feet to a point on the
West  line  at  the
East  1/2,  of  said Southwest 1/4 of the Northeast 1/4; thence North 00 degrees
15'34"  East  along  said  West
line:  a  distance of 1134.66 feet to a-point on the Southerly right-of-way line
of  Downing  Street;
thence  South  88  degree  57'40"  East along said Southerly right-of-way line a
distance  of  517.33  feet;
thence  departing  said  Southerly right-of-way line South, a distance of 192.74
feet;  thence  South
88  degrees  57'40"  East  a  distance of 113.00 feet to the Point of Beginning.

Said  parcel  contains  15.9511  acres  (694.831  square  feet)  more  or  less.

<PAGE>
                               A.L.T.A COMMITMENT
                        CHICOAGO TITLE INSURANCE COMPANY
                                   SCHEDULE A

Office  File Number               Effective Date               Commitment Number

209601893                    March  4,  1997               509600794AL
Revised  1/07/97                    at  11:00  PM
Revised  3/14/97

1.     Policy  of  Policies  to  be  issued:

ALTA  OWNER'S  POLICY  (10-17-92)          $263,000.00
Proposed  Insured:

Cox  Radio,  Inc.

ALTA  LOAN  POLICY  (10-17-92)          $
Proposed  Insured:

2.     The  estate  or  interest  in  the  land described or referred to in this
Commitment  and  covered  herein  is  a  fee simple, and title thereto is at the
effective  date  hereof  vested  in:

Harmon  Communications,  Inc.

3.     The  Land  is  described  as  follows:

SEE  EXHIBIT  A  ATTACHED  HERETO  AND  MADE  A  PART  HEREOF

<PAGE>
                               A.L.T.A COMMITMENT
                        CHICOAGO TITLE INSURANCE COMPANY
                              SCHEDULE A, continued

Commitment  Number:  509600794AL

                                    EXHIBIT A

The East 1/2 of the Southwest 1/4 of the Northeast 1/4 of Section 4, Township 29
South,  Range  21
East,  LESS  AND  EXCEPT the following:  the South 15O feet and LESS commence at
the
railroad  spike  marking  the  Northeast  corner  of  the  Southwest  1/4 of the
Northeast  1/4  of  said  Section
4;  run thence South (assumed bearing) along the East boundary of said Southwest
1/4  of  the
Northeast  1/4,  a  distance  of  43.04 feet to a point; thence North 88 degrees
57'40"  West,  a  distance  30.00
feet  to  an iron rod on the existing Westerly right-of-way line of Sydney Dover
Road,  said  point
being the point of beginning; thence South along said Westerly right-of-way line
(which  line  is
parallel  with and 30.00 feet West of said East boundary of the Southwest 1/4 of
the  Northeast  1/4)
a  distance of 192.74 feet to an iron rod; thence North 88 degrees 57'40" West a
distance  of  113.00  feet
to  an  iron  rod;  thence  North  192.74  feet  to  an iron rod on the existing
Southerly  right-of-way  line
of  Downing  Street;  thence  South 88 degrees 57'40" East, along said Southerly
right-of-way  line,  a
distance  of  113.00  feet  to  an  iron  rod  and  the  point  of  beginning.

Being  more  particularly  described  as  follows:

Commence  at the railroad spike marking the Northeast comer of the Southwest 1/4
of  the
Northeast  1/4  of  Section  4,  Township  29 South, Range 21 East, Hillsborough
County,  Florida,  run
thence  South (assumed bearing) along the East line of said Southwest 1/4 of the
Northeast  1/4,
a  distance  of  43.04  feet,  thence North 88 degrees 57'40" West a distance of
30.00  feet  to  a  paint  on  the
Westerly  right-of-way  line  of  Sydney  Dover  Road;  thence  South along said
Westerly  right-of-way
line  a  distance  of  192.74 feet to the: point of Beginning, thence continuing
along  said  Westerly
right-of-way  (which line is 30.00 feet West of and parallel to the East line of
said  Southwest  1/4
of  the  Northeast  1/4) South, a distance of 937.45 feet; thence departing said
Westerly  right-of-way
line North 89 degrees 22'15" West slang a line 150.00 feet North of and parallel
to  the  South  line  of  said
Southwest  1/4  of the Northeast 1/4 a distance of 635,40 feet to a point on the
West  line  at  the
East  1/2,  of  said Southwest 1/4 of the Northeast 1/4; thence North 00 degrees
15'34"  East  along  said  West
line:  a  distance of 1134.66 feet to a-point on the Southerly right-of-way line
of  Downing  Street;
thence  South  88  degree  57'40"  East along said Southerly right-of-way line a
distance  of  517.33  feet;
thence  departing  said  Southerly right-of-way line South, a distance of 192.74
feet;  thence  South
88  degrees  57'40"  East  a  distance of 113.00 feet to the Point of Beginning.

<PAGE>
                               A.L.T.A COMMITMENT
                        CHICOAGO TITLE INSURANCE COMPANY
                             SCHEDULE B - Section 1

Commitment  Number     509600794AL

I.     The  following  are  the  requirements  to  be  complied  with:

1.     Instruments necessary to create the estate or interest to be insured must
be  properly  executed,  delivered  and  duly  filed  for  record.

a.     Corporate  Warranty  Deed Harmon Communications, Inc. to Proposed Insured
conveying  the  lands  described  in Schedule "A". Satisfactory evidence must be
furnished  as  to  the  proper  incorporation  of Harmon Communications, Inc., a
corporation organized under the laws of the State of Florida. In addition, proof
as to the current standing of said corporation and if the proposed instrument of
conveyance  is  to  be executed by an officer other than a Vice President, Chief
Executive Officer, or President, a certified resolution authorizing said officer
to  execute  on  behalf  of  the  corporation  must  be  recorded.

2.     Payment of the full consideration to, or for the account of, the grantors
or  mortgagors.
3.     Payment  of  all taxes, charges, assessments, levied and assessed against
subject  premises,  which  are  due  and  payable.
4.     Satisfactory  evidence  should be had that improvements and/or repairs or
alterations  thereto  are  completed;  that  contractor,  subcontractors  and
materialmen  are  all  paid.
5.     Intentionally  deleted.
6.     Satisfactory  evidence  must  be furnished showing that Cox Radio, Inc. a
corporation  organized  under  the  laws of its state of incorporation, had been
properly  incorporated  and  is  currently  in  good  standing  in  that  state.
7.     Intentionally  deleted.
8.     Satisfaction  of that certain mortgage executed by Harmon Communications,
Inc.,  a Florida corporation to WWRM, Inc., a Delaware corporation filed October
17,  1995  in  Official  Records  Book  7923,  Page 86, of the Public Records of
Hillsborough  County,  Florida.  The original note secured by the aforedescribed
mortgage  must  be  produced  and  canceled.
9.     Termination  or  Partial  Release  of the Financing Statement from Harmon
Communications,  Inc.,  Debtor,  to WWRM, Inc., Secured Party, and filed October
17,  1995  in  Official  Records  Book  7923, Page 101, of the Public Records of
Hillsborough  County,  Florida.
10.     Intentionally  deleted.
11.     Intentionally  deleted.

<PAGE>
                               A.L.T.A COMMITMENT
                        CHICOAGO TITLE INSURANCE COMPANY
                             SCHEDULE B - Section 2

Commitment  Number     509600794AL

II.     Schedule  B  of  the  policy  or  policies  to  be  issued  will contain
exceptions  to  the  following  matters  unless  the same are disposed of to the
satisfaction  Company.

1.     Defects,  liens,  encumbrances,  adverse claims or other matters, if any,
created,  first  appearing  in the public records or attaching subsequent to the
effective  date  hereto  but prior to the date the proposed Insured acquires for
value  of  record  the  estate  or  interest or mortgage thereon covered by this
Commitment.
2.     Standard  Exceptions:
a.     Rights  or  claims  of  parties  in  possession  not  shown by the public
records.
b.     Encroachments,  overlaps,  boundary line disputes, or other matters which
would  be  disclosed  by  an  accurate  survey  and  inspection of the premises.
c.     Easements,  or  claims  of  easements,  not  shown by the public records.
d.     Any  lien, or right to a lien, for service, labor, or material heretofore
or  hereafter  furnished,  imposed  by  law and not shown by the public records.
e.     Taxes or special assessments which are not shown as existing liens by the
public  records.
f.     Any claim that any portion of said lands are sovereign lands of the State
of  Florida, including submerged, filled or artificially exposed lands and lands
accreted  to  such  lands.
g.     Taxes  and  assessments for the year 1997 and subsequent years, which are
not  yet  due  and  payable.
3.     Standard  exceptions  (b)  and  (c) may be removed from the policy when a
satisfactory  survey  and  surveyor's  report  and inspection of the premises is
made.
4.     Standard  exceptions  (a)  and  (d)  may  be  removed  upon  receipt of a
satisfactory affidavit-indemnity from the party shown in title and in possession
stating  who  is  in  possession of the lands and whether there are improvements
being  made  at date of commitment or contemplated to commence prior to the date
of  closing  which  will  not  have  been paid for in full prior to the closing.
5.     Intentionally  deleted.
6.     Intentionally  deleted.
7.     Exception  is  taken  to  the  following  matters  shown  on that certain
preliminary  survey prepared by International Land Services, Inc. dated December
16,  1996  and  referred  to  as  Job  Order  Number  96-12-16:
a.     Overhead wires along west property line and Northeast corner of property;
b.     Rights of others to 15' foot ditch running through property and 20' ditch
along  Southeast  portion  of  property  for  drainage  and  other  purposes;
c.     Building  violates  50'  setback  line  Northern portion of property; and
d.     Deletion  of  standard  survey  exceptions 2. b. and c. will be effective
upon  receipt  of  original  signed  and  sealed  survey.

<PAGE>
SCHEDULE  1.2B
--------------

                                RRC Real Property
                                -----------------

WALR-FM  Tower  Site  (owned)  -  See  attached  legal  description.

<PAGE>

                               WALR FM TOWER SITE

Legal  Description:  (SEE  ATTACHED)

<PAGE>
                                 Gwinnett Parcel
                                Legal Description

     All  that  tract  or  parcel of land lying and being in land lots 305, 306,
312  and  313,  Gwinnett  County,  Georgia and being more particularly described
as  follows:

     Beginning  at  an  iron  pin  set on the southeasterly right-of-way line of
Spalding  Drive (a 60' foot right-of-way), said point being 690.48 feet from the
intersection  of said southeasterly right-of-way line of Spalding Drive with the
northeasterly  right-of-way  line  of  Winters Chapel Road (a 60' foot right-of-
way);  running  thence  along  said  right-of-way  line  of Spalding Drive north
58  degrees  04 minutes 00 seconds east a distance of 310.12 feet to a point and
north  58  degrees  11  minutes  00  seconds east a distance of 444.31 feet to a
rebar  found;  thence  leaving  said  right-of-way  line  of  Spalding Drive and
running  south  35 degrees 20 minutes 27 seconds east a distance of 1273.33 feet
to  a  rebar  found;  thence running south 51 degrees 48 minutes 22 seconds west
a  distance of 512.22 feet to an iron pin set; thence running approximately 1349
feet  along, the centerline of Crooked Creek the following courses and distances
(i) south 66 degrees 40 minutes  25  seconds  east a  distance of  12.16 feet to
a
point;  (ii)  south  81  degrees  26 minutes 39 seconds east a distance of 54.92
feet to a point; (iii) south 49 degrees 37 minutes 15 seconds east a distance of
20.85  feet  to  a  point;  (iv)  south  04 degrees 10 minutes 18 seconds west a
distance  of  24.98  feet to a point; (v) south 27 degrees 45 minutes 14 seconds
west  a  distance of 43.13 feet to a point:  (vi) south 07 degrees 36 minutes 03
seconds  east  a  distance  of  45.79 feet to a point; (vii) south 27 degrees 54
minutes  33  seconds  east a distance of 41.26 feet to a point;  (viii) south 49
degrees  41  minutes  02  seconds east a distance of 37.96 feet to a paint; (ix)
south  50  degrees  20  minutes  31  seconds  east   distance of 45.90 feet to a
point;  (x)  south  35  degrees  56  minutes 33 seconds east a distance of 41.75
feet to a point;  (xi) south 47 degrees 00 minutes 02 seconds east a distance of
61.12  feet  to  a  point;  (xii)  south 22 degrees 17 minutes 10 seconds east a
distance  of  98.35  feet  to  a  point;  (xiii) . south 55 degrees 01 minute 33
seconds
east  a  distance of 48.26 feet to a point; (xiv) south 60 degrees 58 minutes 47
seconds  east  a  distance  of  49.69  feet to a point; (xv) south 10 degrees 04
minutes  24  seconds  east  a  distance of 37.32 fact to a point; (xvi) south 14
degrees  03  minutes 07 seconds west a distance of 61.64 feet to a point; (xvii)
south  12  degrees  49  minutes  20  seconds  west a distance of 44.53 feet to a
point;  (xviii)  south 71 degrees 18 minutes 33 seconds east a distance of 41.22
feet  to  a  point; (xix) south 53 degrees 23 minutes 02 seconds east a distance
of  42.05  feet  to  a point; (xx) south 21 degrees 50 minutes 56 seconds east a
distance  of  75.29  feet  to  a point (xxi) south 07 degrees 34 minutes 33 sec-
onds  east  a  distance  of  29.11  feet  to a point; (xxii) south 75 degrees 20
minutes  23  seconds  east a distance of 28.44 feet to a point; (xxiii) north 45

<PAGE>
degrees  07  minutes 18 seconds east a distance of 38.35 feet to a point; (xxiv)
north  69  degrees  13  minutes  00  seconds  east a distance of 43.51 feet to a
point;  (xxv)  south  84  degrees 08 minutes 28 seconds east a distance of 44.09
feet  to  a point; (xxvi) south 58 degrees 25 minutes 46 seconds east a distance
of  47.81 feet to a point; (xxvii) south 51 degrees 45 minutes 58 seconds east a
distance  of  52.24  feet  to  a point;  (xxviii) south 43 degrees 15 minutes 31
seconds  east  a  distance  of 39.86 feet to a point; (xxix) south 28 degrees 18
minutes  35  seconds  east  a distance of 46.46 feet to a point; and (xxx) south
31  degrees  48  minutes  49  seconds  east a distance of 50.75 feet to a point;
thence  leaving  said  centerline  of Crooked Creek and running south 09 degrees
44  minutes 03 seconds west a distance of 427.78 feet to an iron pin set; thence
running  south  85  degrees 15 minutes 53 seconds west a distance of 960.39 feet
to  an iron pin set;  thence running approximately 508 feet along the centerline
of  a  branch  as  follows  (i)  north  35  degrees 26 minutes 23 seconds east a
distance  of  8.92 feat to a point; (iii) north 23 degrees 06 minutes 56 seconds
east  a  distance of 15.88 feet to a point; (iii) north 08 degrees 21 minutes 15
seconds  east  a  distance  of  33.20 feet to a point;  (iv) north 04 degrees 52
minutes  27  seconds  west  a distance of 25.50 feet to a point;  (iv)  north 46
degrees  17  minutes  53  seconds west a distance of 15.40 feet to a point; (vi)
north  98  degrees  36  minutes  30  seconds  west a distance of 16.60 feet to a
point;  (vii)  north  26  degrees 25 minutes 03 seconds west a distance of 34.83
feet  to a point;  (viii) north 18 degrees 27 minutes 59 seconds west a distance
of  39.78  feat  to a point; (vix) north 22 degrees 57 minutes 35 seconds west a
distance  of  25.19  feet to a point; (x) north 06 degrees 30 minutes 26 seconds
west  a  distance  of 23.46 feet to a point; (xi) north 08 degrees 38 minutes 04
seconds  east  a  distance  of  40.29 feet to a point;  (xii) north 01 degree 04
minutes  25  seconds  east a distance of 23.41 feet to a point;  (xiii) north 13
degrees  06  minutes 59 seconds west a distance of 22.61 feet to a point;  (xiv)
north  19  degrees  34  minutes  39  seconds  east a distance of 17.88 feet to a
point;  (xv)  north  28  degrees  41 minutes 23 seconds west a distance of 25.55
feet  to  a  point; (xvi) north 23 degrees 24 minutes 53 seconds west a distance
of  21.40  feet  to a point; (xvii) north 29 degrees 34 minutes 01 second west a
distance  of  20.82  feet to a point;  (xviii)  north  29 degrees 53 minutes  13
seconds  west  a  distance  of  34.26 fact to a point; (xix) north 03 degrees 56
minutes  23  seconds  west  a  distance  of 23.89 feet to 1 point; (xx) north 06
degrees  20  minutes  25 seconds cast a distance of 23.43 feet to a point; (xxi)
north  45  degrees  53  minutes  39  seconds  west a distance of 14.62 feet to a
point;  and  (xxii)  north  36  degrees 33 minutes 02 seconds west a distance of
4.87  feet  to  an  iron  pin  set; thence leaving centerline of said branch and
running  south  60  degrees  32 minutes 29 seconds west a distance of 53.82 feet
to  an  iron  pin  set;  thence  running north 22 degrees  14 minutes 51 seconds
west  a  distance  of  76.53  feet  to  a  rebar  found; thence running north 53
degrees  23  minutes  04  seconds  west a distance of 102.23 feet to an iron pin
set;  thence  running  north 19 degrees 59 minutes 43 seconds west a distance of
129.50  feet  to  an iron pin set; thence running north 03 degrees 48 minutes 52
seconds  west  a  distance of 150.83 feet to a rebar found; thence running north
48  degrees  55  minutes 19 seconds west a distance of 53.87 feet to an iron pin
set;  thence  running  south  59  degrees  42 minutes 36 seconds west a distance
75.86  feet  to  a  rebar  found;  thence running north 47 degrees 30 minutes 48

<PAGE>
seconds  west  a  distance  of 96.39 feet to a rebar found; thence running north
14  degrees  38 minutes 28 seconds west a distance of 119.98 feet to an iron pin
set;  thence  running  north 18 degrees 31 minutes 40 seconds west a distance of
170.38  feet  to  an iron pin set; thence running north 06 degrees 36 minutes 55
seconds  west  a  distance of 132.05 feet to a rebar found; thence running north
10  degrees  43  minutes  19  seconds  west  adistance  of 92.32 feet to a rebar
found;  thence  running  north  10 degrees 02 minutes 05 seconds east a distance
of  197.38  feet  to  a  rebar found; thence running north 33 degrees 49 minutes
01  second  west a  distance of  88.93  feet to a  rebar found;  thence  running
north  68  degrees  46  minutes  59  seconds west a distance of 109.16 feet to a
rebar  found;  thence  running  north  45  degrees  36 minutes 15 seconds west a
distance  of  46.10  feet  to  a  rebar  found;  thence running north 07 degrees
minutes  58  seconds  east  a distance of 223.53 feet to an iron pin set; thence
running  north  00  degrees 00 minutes 00 seconds east a distance of 198.88 feet
to  an  iron  pin  set;  thence  running north 21  degrees 44 minutes 40 seconds
east  a  distance  of  159,23  feet  to  an  iron  pin set on that southeasterly
right-of-
wyy  line  of  Spalding  Drive,  said  iron  pin set being the POINT OF BEGINNG.
Said  property  being  shown  on  that  certain  survey  prepared for Ring Radio
Company  by  Hannon,  Meeks  &  Bagwell,  Surveyors  &  Engineers, Inc., bearing
the  seal  and  certification of Mack L. Meeks, Georgia Registered Land Surveyor
No.  1497,  dated  April  20,  1989,  and containing 61.5976 acres more or less.

<PAGE>
                                  SCHEDULE 1.3A
                                  -------------

                                  Cox Licenses
                                  ------------

WSUN(AM),  Plant  City,  Florida          Main  Station  License
     WLP-954               Aural  STL
     Tower  Registration  #1          #1035349
     Tower  Registration  #2          #1035350
     Tower  Registration  #3          #1035351
     STL  Transmit  Tower          #1017603

KLUP(AM),  Terrell  Hills,  Texas          Main  Station  License
     KPM-473               Remote  Pickup
     WMG-488               Aural  STL
     Tower  Registration  #1          #1051210
     Tower  Registration  #2          #1051211

<PAGE>
                                  SCHEDULE 1.3B
                                  -------------

                                  RRC Licenses
                                  ------------

WALR(FM),  Athens,  Georgia          Main  Station  License
     WMV-274               Aural  STL

<PAGE>
                                  SCHEDULE 5.3
                                  ------------

                                    Consents
                                    --------

1.  Approval  of  DOJ  and  FTC  under  the  HSR  Act.

2.  The  consent  of the FCC to the Cox FCC Application, the RRC FCC Application
and  the  Salem  FCC  Application.

<PAGE>
                                  SCHEDULE 5.4
                                  ------------

                             Governmental Approvals
                             ----------------------

Approval  of  DOJ  and  FTC  under  the  HSR  Act.

<PAGE>
                                  SCHEDULE 5.5
                                  ------------

                                   Litigation
                                   ----------

None.

<PAGE>
                                  SCHEDULE 5.7
                                  ------------

            Title to and Consideration of Tangible Personal Property
            --------------------------------------------------------

None.

<PAGE>
                                  SCHEDULE 5.8
                                  ------------

                     Title to and Condition of Real Property
                     ---------------------------------------

None.

<PAGE>
                                  SCHEDULE 5.10
                                  -------------

                                 FCC Compliance
                                 --------------

None.

<PAGE>
                                  SCHEDULE 5.12
                                  -------------

                              Environmental Matters
                              ---------------------

None.

<PAGE>
                                  SCHEDULE 5.14
                                  -------------

                                      Taxes
                                      -----

None.

<PAGE>
Schedule  1.1C
--------------

The  equipment  at  the  KKHT  Spendora  site  consists  of:
1.     Two  Harris  20  kW  transmitters  with  combiner
2.     One  Burke  remote  control
3.     One  TFT  modulation  monitor
4.     One  Mosley  digital  STL  receiver
5.     One  Optimod  digital  processor
6.     One  Zyphyr  III  ISDN
7.     One  25kW  dummy  load
8.     Two  antennas  (main  and  Aux.)
9.     Two  coax  runs,  one  1600  ft.,  one  2,100  ft.

The  equipment  at  the  KKHT  Scott  Road  site  consists  of:
1.     Two  Harris  25  kW  transmitters
2.     One  25kW  dummy  load
3.     One  modulation  monitor
4.     One  Zyphyr  ISDN
5.     One  ERI  antenna
6.     1,200  ft.  of  coax
7.     One  audio  limiter

The  Salem  Station  uses the STL of radio station KENR located on real property
also  leased  by  South  Texas  Broadcasting,  Inc.  After  Closing, Salem shall
reasonably  cooperate  with  Cox to temporarily allow Cox to continue to use STL
equipment  on the property associated with radio station KENR until such time as
alternative  arrangements  can  be  made by Cox.  Notwithstanding the foregoing,
Salem  shall  not  be  obligated  to  transfer  any  tangible  personal property
associated  with  any  STL for the Salem Station unless it is used solely in the
operation  of  the  Salem  Station and is located at the Splendora or Scott Road
antenna  sites.

<PAGE>
Schedule  1.2C
--------------

1.     Splendora  Antenna  Site  Lease - dated June 1, 1998, between South Texas
Broadcasting,  Inc  and  Sonsinger  Broadcasting  Company  of  Houston,  LP.

2.     Scott  Road Antenna Site Lease - dated March 3, 1995 by and between South
Texas  Broadcasting,  Inc.  and  the  Lessor  as  set  forth  therein.

3.     The  Salem  Station  uses  the  STL of radio station KENR located on real
property  also  leased  by  South Texas Broadcasting, Inc.  After Closing, Salem
shall  reasonably cooperate with Cox to temporarily allow Cox to continue to use
STL equipment on the property associated with radio station KENR until such time
as  alternative arrangements can be made by Cox.  Notwithstanding the foregoing,
Salem  shall  not  be  obligated  to  transfer any real property or interests in
leases of real property associated with any STL for the Salem Station except for
the  lease  set  forth  in  paragraphs  1  and  2  of  this  Schedule.

<PAGE>
Schedule  1.3C
--------------

1.     BLH-980617KB

2.     WDT939

Prior  to  Closing,  Salem  intends  to  file  an FCC form 302-FM Application to
license  the  Scott  Road  Antenna  Site  for  auxiliary  use.

The  Salem  Station  uses the STL of radio station KENR located on real property
also  leased  by  South  Texas  Broadcasting,  Inc.  After  Closing, Salem shall
reasonably  cooperate  with  Cox to temporarily allow Cox to continue to use STL
equipment  on the property associated with radio station KENR until such time as
alternative  arrangements  can  be  made by Cox.  Notwithstanding the foregoing,
Salem  shall  not  be obligated to transfer any licenses associated with any STL
for  the  Salem  Station  unless it is used solely in the operation of the Salem
Station.

<PAGE>
Schedule  7.3
-------------

1.     Approval  of  DOJ  and  FCC  under  the  HSR  Act.

2.     The  consent  of  the  FCC.

<PAGE>
Schedule  7.4
-------------

1.     Approval  of  DOJ  and  FCC  under  the  HSR  Act.

2.     The  consent  of  the  FCC.

<PAGE>
Schedule  7.5
-------------

Salem  is  currently involved in a proceeding between it and the Comptroller for
the  State  of  Texas regarding a refund of sales taxes paid by Salem which were
alleged by the Comptroller to have been owed by a predecessor in interest to the
Salem  Station.  Salem  does  not  anticipate  that  the proceeding will have an
adverse  effect  on  this  transaction,  the  Salem Assets or Salem's ability to
perform  its  obligations  hereunder.

<PAGE>
Schedule  7.8
-------------

None.

<PAGE>
Schedule  7.9
-------------

Prior  to  Closing,  Salem  intends  to  file  an FCC form 302-FM Application to
license  the  Scott  Road  Antenna  Site  for  auxiliary  use.

The  Salem  Station  uses the STL of radio station KENR located on real property
also  leased  by  South  Texas  Broadcasting,  Inc.  After  Closing, Salem shall
reasonably  cooperate  with  Cox to temporarily allow Cox to continue to use STL
equipment  on the property associated with radio station KENR until such time as
alternative  arrangements  can  be  made by Cox.  Notwithstanding the foregoing,
Salem  shall  not  be obligated to transfer any licenses associated with any STL
for  the  Salem  Station  unless it is used solely in the operation of the Salem
Station.

<PAGE>
Schedule  7.10
--------------

None.

<PAGE>
Schedule  7.12
--------------

None.

<PAGE>
Schedule  7.14
--------------

Salem  is  currently involved in a proceeding between it and the Comptroller for
the  State  of  Texas regarding a refund of sales taxes paid by Salem which were
alleged by the Comptroller to have been owed by a predecessor in interest to the
Salem  Station.  Salem  does  not  anticipate  that  the proceeding will have an
adverse  effect  on  this  transaction,  the  Salem Assets or Salem's ability to
perform  its  obligations  hereunder.

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