Document:

Exhibit 10.08.07

                            ASSET PURCHASE AGREEMENT
                            ------------------------
                        (KLTX-AM, LONG BEACH, CALIFORNIA)

     This  AGREEMENT  (this  "Agreement")  is  dated as of _______, 2000, by and
among  SALEM MEDIA OF CALIFORNIA, INC. ("Seller") and HI-FAVOR BROADCASTING, LLC
("Buyer").

                                    RECITALS:
                                    ---------

     1.     Seller  owns  and  operates  radio  station KLTX-AM licensed to Long
Beach,  California  (the  "Station"),  and holds the licenses and authorizations
issued  by  the  FCC  for  the  operation  of  the  Station.

     2.     Buyer  desires  to acquire certain assets of the Station, and Seller
is  willing  to  convey  such  assets  to  Buyer.

     3.     The  acquisition  of the Station is subject to prior approval of the
FCC.

     NOW  THEREFORE,  in consideration of the mutual covenants contained herein,
Seller  and  Buyer  hereby  agree  as  follows:

                                    ARTICLE 1
                                    ---------

                                   TERMINOLOGY
                                   -----------

     1.1     ACT.The  Communications  Act  of  1934,  as  amended.
             ----

     1.2     ADJUSTMENT  AMOUNT.As  provided in Section 2.7, the amount by which
             -------------------                -----------
Buyer's  account  is  to  be credited or charged, as reflected on the Adjustment
List.

     1.3     ADJUSTMENT LIST.As provided in Section 2.7, an itemized list of all
             ----------------               -----------
sums  to  be  credited  or  charged  against  the account of Buyer, with a brief
explanation  in  reasonable  detail  of  the  credits  or  charges.

     1.4     ASSUMED  OBLIGATIONS.Such  term  shall  have the meaning defined in
             ---------------------
Section  2.3.
   ---------

     1.5     BUSINESS  DAY.Any calendar day, excluding Saturdays and Sundays, on
             --------------
which  federally  chartered  banks  in  the  city of Los Angeles, California are
regularly  open  for  business.

     1.6     BUYER'S  THRESHOLD  LIMITATION.As  provided in Section 9.3 (b), the
             -------------------------------                ---------------
threshold  dollar  amount  for  the  aggregate  of claims, liabilities, damages,
losses, costs and expenses that must be incurred by Buyer before Seller shall be
obligated  to  indemnify  Buyer.  The  Buyer's Threshold Limitation shall be Ten
Thousand  Dollars  ($10,000).

     1.7     CLOSING.The  closing  with respect to the transactions contemplated
             --------
by  this  Agreement.

     1.8     CLOSING DATE.The date determined as the Closing Date as provided in
             -------------
Section  8.1.
------------

     1.9     DOCUMENTS.This Agreement and all Exhibits and Schedules hereto, and
             ----------
each  other  agreement,  certificate,  or instrument delivered pursuant to or in
connection  with this Agreement, including amendments thereto that are expressly
permitted  under  the  terms  of  this  Agreement.

     1.10     EARNEST  MONEY.The  amount  of  One  Million Dollars ($1,000,000).
              ---------------

     1.11     ENVIRONMENTAL  LAWS.The  Comprehensive  Environmental  Response
              --------------------
Compensation  and Liability Act, the Resource Conservation and Recovery Act, the
Clean Water Act, the Clean Air Act and the Toxic Substances Control Act, each as
amended, and any other applicable federal, state and local laws, statutes, rules
or regulations concerning the treating, producing, handling, storing, releasing,
spilling, leaking, pumping, pouring, emitting or dumping of Hazardous Materials.

     1.12     ESCROW  AGENT.  Jonathan  Block,  Esq.
              --------------

     1.13     ESCROW  AGREEMENT.The  Escrow  Agreement  in  the form attached as
              ------------------
Exhibit  A  which  Seller,  Buyer  and  the  Escrow  Agent  have  entered  into
   -------
concurrently  with  the  execution  of  this  Agreement relating to the deposit,
   ------
holding,  investment  and  disbursement  of  the  Earnest  Money.
   --

     1.14     EXCLUDED  ASSETS.Such  term  shall  have  the  meaning  defined in
              -----------------
Section  2.2.
      -------

     1.15     FCC.Federal  Communications  Commission.
              ----

     1.16     FCC  LICENSES.The  licenses, permits and authorizations of the FCC
              --------------
for  the  operation  of  the  Stations  as  listed  on  Schedule  3.7.
                                                        --------------

     1.17     FCC  ORDER.An  action,  order  or decision of the FCC granting its
              -----------
consent  to  the  assignment  of  the  FCC  Licenses  to  Buyer.

     1.18     FINAL  ACTION.An  action  of  the  FCC that has not been reversed,
              --------------
stayed,  enjoined,  set  aside,  annulled or suspended; with respect to which no
timely  petition for reconsideration or administrative or judicial appeal or sua
                                                                             ---
sponte  action  of the FCC with comparable effect is pending and as to which the
------
time  for filing any such petition or appeal (administrative or judicial) or for
the  taking  of  any  such  sua  sponte  action  of  the  FCC  has  expired.
                            -----------

            1.19     HSR  ACT.  The Hart-Scott-Rodino Antitrust Improvements Act
of  1976,  as  amended.

     1.20     HAZARDOUS  MATERIALS.Toxic  materials, hazardous wastes, hazardous
              ---------------------
substances,  pollutants  or contaminants, asbestos or asbestos-related products,
polychlorinated  biphenyls  ("PCBs"),  petroleum,  crude  oil or any fraction or
distillate  thereof  in  excess  of  legally-defined permissible limits (as such
terms  are  defined  in any applicable federal, state or local laws, ordinances,
rules and regulations, and including any other terms which are or may be used in
any applicable environmental laws to define prohibited or regulated substances).

     1.21     INDEMNIFIED  PARTY.Any party described in Section 9.3(a) or 9.4(a)
              -------------------                       --------------    ------
against  which  any  claim  or  liability may be asserted by a third party which
would  give  rise  to  a  claim for indemnification under the provisions of this
Agreement  by  such  party.

     1.22     INDEMNIFYING PARTY.The party to the Agreement (not the Indemnified
              -------------------
Party)  that,  in  the  event  of a claim or liability asserted by a third party
against  the  Indemnified  Party  which  would  give  rise  to  a  claim  for
indemnification  under the provisions of this Agreement, may at its own expense,
and  upon  written  notice  to  the Indemnified Party, compromise or defend such
claim.

     1.23     LIEN.Any  mortgage, deed of trust, pledge, hypothecation, security
              -----
interest,  encumbrance,  lien,  lease or charge of any kind, whether voluntarily
incurred  or arising by operation of law or otherwise, affecting any Sale Assets
or property, including any written or oral agreement to give or grant any of the
foregoing,  any  conditional  sale  or  other title retention agreement, and the
filing  of  or  agreement  to  give  any financing statement with respect to any
assets  or  property  under the Uniform Commercial Code or comparable law of any
jurisdiction.

     1.24     MATERIAL  ADVERSE  CONDITION.A  condition  which  would materially
              -----------------------------
restrict,  limit,  increase  the  cost  or  burden  of  or  otherwise materially
adversely  affect or materially impair the right of Buyer to the ownership, use,
control,  enjoyment  or  operation  of  the  Stations or the proceeds therefrom;
provided,  however,  that  any  condition  which  requires  that  the Station be
operated  in  accordance  with  a  condition  similar  to those contained in the
present  FCC  licenses issued for operation of the Station shall not be deemed a
Material  Adverse  Condition.

     1.25     OSHA  LAWS.The  Occupational  Safety  and  Health  Act of 1970, as
              -----------
amended,  and  all  other  federal, state or local laws or ordinances, including
orders,  rules  and  regulations  thereunder,  regulating or otherwise affecting
health  and  safety  of  the  workplace.

     1.26     PERMITTED  ENCUMBRANCES.For  purposes  hereof,  "Permitted
              ------------------------
Encumbrances"  shall mean (i) easements, restrictions, and other similar matters
which  will  not materially adversely affect the operation of the Station in the
ordinary  course  of business; (ii) liens for taxes not due and payable or, that
are  being  contested in good faith by appropriate proceedings; (iii) mechanics,
materialmen's,  carriers',  warehousemen's, landlords' or other similar liens in
the  ordinary  course  of  business  for  sums  not  yet  due or which are being
contested  in good faith by appropriate proceedings; (iv) deposits or pledges to
secure  the  performance  of  bids,  tenders, contracts (other than for borrowed
money),  leases, statutory obligations, surety or appeal bonds or other deposits
or  pledges  for purposes of a like general nature made or given in the ordinary
course of business: and (v) liens or mortgages that will be released at Closing;
(vi)  zoning  ordinances  and  regulations,  including  statutes  and ordinances
relating to the liens of streets and to other municipal improvements, which will
not  materially  adversely  affect  the operation of the Station in the ordinary
course  of  business.

     1.27     PERMITTED  LIEN.Any statutory lien which secures a payment not yet
              ----------------
due  that  arises,  and  is  customarily  discharged,  in the ordinary course of
Seller's  business;  any  easement,  right-of-way or similar imperfection in the
Seller's  title  to  its  assets  or  properties  that,  individually and in the
aggregate,  are  not  material  in  character  or  amount and do not and are not
reasonably  expected to materially impair the value or materially interfere with
the  use of any asset or property of the Seller material to the operation of its
business  as  it  has  been  and  is  now  conducted.

     1.28     PURCHASE PRICE.The consideration to be paid by Buyer to Seller for
              ---------------
purchase  of  the  Sale  Assets  in  an  amount  equal to Thirty Million Dollars
($30,000,000).

     1.29     RULES  AND REGULATIONS.The rules of the FCC as set forth in Volume
              -----------------------
47  of  the  Code  of Federal Regulations, as well as such other policies of the
Commission,  whether  contained in the Code of Federal Regulations, or not, that
apply  to  the  Stations.

     1.30     SALE  ASSETS.All  of  the  tangible  and  intangible  assets to be
              -------------
transferred  by  Seller  to  Buyer  as  set  forth  in  Section  2.1.
                                                        ------------

     1.31     SELLER'S  THRESHOLD  LIMITATION.As provided in Section 9.4(b), the
              --------------------------------               --------------
threshold  dollar  amount  for  the  aggregate  of claims, liabilities, damages,
losses, costs and expenses that must be incurred by Seller before Buyer shall be
obligated  to  indemnify  Seller. The Seller's Threshold Limitation shall be Ten
Thousand  Dollars  ($10,000).

     1.32     STATION  AGREEMENTS.The agreements, commitments, contracts, leases
              --------------------
and  other  items  described  in Section 2.1(c), that relate to operation of the
                                 --------------
Station.

     1.33     SURVIVAL  PERIOD.The  term following the Closing Date during which
              -----------------
all  representations,  warranties, covenants and agreements of the parties under
this  Agreement  shall  survive.  The  term  shall  be  twelve  (12)  months.

     1.34     TANGIBLE  PERSONAL  PROPERTY.The  personal  property  described in
              -----------------------------
Section  2.1(a).
    -----------

     1.35     TOWER  COORDINATES.Such  term  shall  have  the meaning defined in
              -------------------
Section  3.14  hereof.
    ---------

                                   ARTICLE II
                                   ----------

                                PURCHASE AND SALE
                                -----------------

     2.1     SALE ASSETS.On the Closing Date, Seller will sell, transfer, assign
             ------------
and  convey to Buyer, and Buyer will purchase from Seller, free and clear of all
Liens,  except Permitted Liens, all of Seller's right, title and interest, legal
and  equitable,  in  and  to the tangible and intangible assets (except Excluded
Assets) used or useful in the operation of the Station as specifically set forth
in  the  following:

          (a)     TANGIBLE  PERSONAL  PROPERTY.  All equipment, parts, supplies,
                  ----------------------------
furniture,  fixtures  and  other  tangible  personal property now or hereinafter
owned  by  Seller  and  used  in the operation of the Station including, but not
limited  to the tangible personal property listed on Schedule 3.6, together with
                                                     ------------
such modifications, replacements, improvements and additional items, and subject
to  such  deletions  therefrom, made or acquired between the date hereof and the
Closing  Date  in  accordance  with  the terms and provisions of this Agreement;

          (b)     LICENSES AND PERMITS.The FCC Licenses and all other assignable
                  ---------------------
or  transferable  governmental  permits,  licenses  and  authorizations (and any
renewals, extensions, amendments or modifications thereof) now held by Seller or
hereafter  obtained  by  Seller between the date hereof and the Closing Date, to
the  extent  such  other  permits, licenses and authorizations pertain to or are
used  in  the  operation  of  the  Stations;

          (c)     STATION  AGREEMENTS.  All  agreements  which  are  listed  on
                  -------------------
Schedule  3.8  as  agreements  which  Buyer  elects  to  assume;  any  renewals,
       ------
extensions,  amendments or modifications of those agreements being assumed which
       --
are  made  in  the  ordinary  course of Seller's operation of the Station and in
accordance  with  the  terms  and  provisions  of  this  Agreement;

          (d)     RECORDS.True and complete copies of all of the books, records,
                  --------
accounts,  files,  logs,  ledgers, reports of engineers and other consultants or
independent  contractors,  pertaining to or used in the operation of the Station
(other  than  corporate  records);

          (e)     MISCELLANEOUS  ASSETS.Any  other tangible or intangible asset,
                  ----------------------
properties  or  rights  of  any  kind  or nature not otherwise described in this
Section  2.1  and now or hereinafter owned or used by Seller in the operation of
     -------
the  Station.

     2.2     EXCLUDED  ASSETS.Notwithstanding any provision of this Agreement to
             -----------------
the  contrary,  Seller  shall not transfer, convey or assign to Buyer, 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"):

          (a)     Any  and  all  cash, cash equivalents, cash deposits to secure
contract  obligations  (except  to  the extent Seller receives a credit therefor
under  Section  2.7, in which event the deposit shall be included as part of the
       ------------
Sale Assets), all inter-company receivables from any affiliate of Seller and all
other  accounts  receivable,  bank  deposits  and  securities  held by Seller in
respect  of  the  Station  at  the  Closing  Date.

          (b)     Any  and  all  claims  of  Seller with respect to transactions
prior  to  the Closing including, without limitation, claims for tax refunds and
refunds  of  fees  paid  to  the  FCC.

          (c)     All  prepaid  expenses (except to the extent Seller receives a
credit  therefor  under Section 2.7, in which event the prepaid expense shall be
                        -----------
included  as  part  of  the  Sale  Assets).

          (d)     All  contracts  of  insurance  and  claims  against  insurers.

          (e)     All  employee  benefit  plans  and  the assets thereof and all
employment  contracts.

          (f)     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.

          (g)     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;  all tangible personal property not specifically assumed by
Buyer  pursuant  to  Section  2.1(a)  above.

          (h)     Seller's  corporate  records except to the extent such records
pertain  to  or  are  used in the operation of the Station, in which case Seller
shall  deliver  materially  accurate  copies  thereof  to  Buyer.

          (i)     All  commitments,  contracts  and  agreements not specifically
assumed  by  Buyer  pursuant  to  Section  2.1(d),  above.
                                  ---------------

     2.3     ASSUMPTION  OF  LIABILITIES.
             ----------------------------

          (a)     At  the  Closing,  Buyer  shall  assume  and agree to perform,
without  duplication  of  Seller's  performance,  the  following liabilities and
obligations  of  Seller  (the  "Assumed  Obligations"):

               (i)     Current  liabilities of Seller for which Buyer receives a
credit  pursuant to Section 2.7, but not in excess of the amount of such credit.
                    -----------

               (ii)     Liabilities  and  obligations  arising under the Station
Agreements,  if any, assumed by and transferred to Buyer in accordance with this
Agreement, but only to the extent such liabilities and obligations relate to any
period  of  time  after  the  Closing.

          (b)     Except  for the Assumed Obligations, Buyer shall not assume or
in  any  manner  be  liable  for  any  duties,  responsibilities, obligations or
liabilities  of  Seller of any kind or nature, whether express or implied, known
or  unknown,  contingent  or  absolute,  including,  without  limitation,  any
liabilities  to  or  in  connection  with  Seller's employees whether arising in
connection  with  the  transaction  contemplated  hereunder  or  otherwise.

     2.4     EARNEST  MONEY.
             ---------------

          (a)     Within five (5) days of the execution of this Agreement, Buyer
shall  deposit  with  Escrow  Agent  under  the Escrow Agreement, in immediately
available  funds,  the  Earnest  Money.  The Escrow Agent shall hold the Earnest
Money  under  the  terms of the Escrow Agreement in trust for the benefit of the
parties  hereto.  Interest  and  other  earnings  on  the Earnest Money shall be
distributed  by  the Escrow Agent to Buyer from time to time upon the request of
Buyer.

          (b)     If  Closing  does  not  occur,  the  Earnest  Money  shall  be
delivered to Seller or returned to Buyer in accordance with Section 10.2, and if
                                                            ------------
Closing  does  occur,  the  Earnest  Money  shall  be  applied to payment of the
Purchase  Price  at  Closing  as  provided  in  Section  2.5.
                                                ------------

     2.5     PAYMENTS.
             ---------

          (a)     The  Purchase  Price  shall  be  paid  by  Buyer  as  follows:

               (i)     At  the  Closing,  the  Earnest  Money  shall, subject to
execution and delivery of the closing documents described in Section 8.2, become
                                                             -----------
the property of Seller and shall, pursuant to the Escrow Agreement, be disbursed
to  Seller  by  cashier's check or wire transfer of immediately available funds.

               (ii)     At  the  Closing  the Purchase Price, less the amount of
the  Earnest  Money  disbursed  to Seller, shall be paid to Seller at Closing by
wire  transfer  of  immediately  available  funds.

          (b)     Buyer  shall  pay to Seller, or Seller shall pay to Buyer, the
Adjustment  Amount  in  accordance  with  Section  2.7.
                                          ------------

     2.6     ALLOCATION OF THE PURCHASE PRICE.Prior to Closing, Buyer and Seller
             ---------------------------------
shall  agree  to an allocation of the Purchase Price. Buyer and Seller shall use
such allocation for all reporting purposes in connection with federal, state and
local income and, to the extent permitted under applicable law, franchise taxes.
Buyer and Seller agree to report such allocation to the Internal Revenue Service
in  the  form  required  by  Treasury  Regulation   1.1060-1T.

     2.7     ADJUSTMENT  OF  PURCHASE  PRICE.
             --------------------------------

          (a)     All  operating  income  and  operating expenses of the Station
shall  be  adjusted and allocated between Seller and Buyer, and an adjustment in
the  Purchase  Price  shall  be  made as provided in this Section, to the extent
necessary  to  reflect  the  principle  that  all  such  income  and  expenses
attributable to the operation of the Station on or before the Closing Date shall
be  for  the  account of Seller, and all income and expenses attributable to the
operation  of  the  Station  after  the closing Date shall be for the account of
Buyer.

          (b)     To  the extent not inconsistent with the express provisions of
this  Agreement, the allocations made pursuant to this Section 2.7 shall be made
                                                       -----------
in  accordance  with  generally  accepted  accounting  principles.

          (c)     For  purposes  of  making  the  adjustments  pursuant  to this
Section,  Buyer  shall  prepare and deliver the Adjustment List to Seller within
thirty  (30)  days  following the Closing Date, or such earlier or later date as
shall  be  mutually agreed to by Seller and Buyer. The Adjustment List shall set
forth the Adjustment Amount. If the Adjustment Amount is a credit to the account
of Buyer, Seller shall pay such amount to Buyer, and if the Adjustment Amount is
a  charge to the account of Buyer, Buyer shall pay such amount to Seller. In the
event  Seller  disagrees  with the Adjustment Amount determined by Buyer or with
any  other  matter  arising  out of this subsection, and Buyer and Seller cannot
within  sixty  (60)  days  resolve the disagreement themselves, the parties will
refer  the  disagreement  to a firm of independent certified public accountants,
mutually acceptable to Seller and Buyer, whose decision shall be final and whose
fees  and  expenses  shall  be  allocated  between and paid by Seller and Buyer,
respectively,  to  the  extent  that such party does not prevail on the disputed
matters  decided  by  the  accountants.

                                   ARTICLE III
                                   -----------

                    REPRESENTATIONS AND WARRANTIES OF SELLER
                    ----------------------------------------

     Notwithstanding anything to the contrary in this Agreement, Seller makes no
representation  or warranty other than as set forth in this Article III.  Seller
hereby  represents  and  warrants  to  Buyer  as  follows:

     3.1     ORGANIZATION  AND  GOOD  STANDING. Seller is a corporation, validly
             ----------------------------------
existing  and  in  good  standing  under the laws of the State of California and
authorized  to  conduct  business  in the State of California and each and every
jurisdiction  where  Seller conducts business. Seller has all requisite power to
own,  operate  and  lease  its properties and carry on its business as it is now
being  conducted  and  as  the  same  will  be  conducted  until  the  Closing.

     3.2     AUTHORIZATION  AND  BINDING  EFFECT OF DOCUMENTS.Seller's execution
             -------------------------------------------------
and  delivery  of,  and the performance of its obligations under, this Agreement
and  each  of  the  other  Documents,  and  the  consummation  by  Seller of the
transactions  contemplated  hereby  and  thereby,  have been duly authorized and
approved by all necessary corporate action on the part of Seller. Seller has the
power  and  authority to execute, deliver and perform its obligations under this
Agreement  and  each  of  the other Documents and to consummate the transactions
hereby  and thereby contemplated. This Agreement and each of the other Documents
have  been,  or at or prior to the Closing will be, duly executed by Seller. The
Documents,  when  executed  and delivered by the parties hereto, will constitute
legal  and valid obligations of Seller enforceable against it in accordance with
their terms, except as may be limited by bankruptcy, insolvency, reorganization,
moratorium  and  similar  laws affecting the enforcement of creditors' rights or
remedies generally, and except as may be limited by general principles of equity
(regardless  of whether enforceability is sought in a proceeding in equity or at
law).

     3.3     ABSENCE  OF  CONFLICTS.The  execution  and  delivery  of,  and  the
             -----------------------
performance  of  its  obligations  under,  this  Agreement and each of the other
Documents  by  Seller,  and  the  consummation  of the transactions contemplated
hereby  and  thereby:

          (a)     do  not, to Seller's actual knowledge, in any material respect
(with  or  without  the giving of notice or the passage of time or both) violate
(or result in the creation of any Lien other than a Permitted Lien on any of the
Sale  Assets  under),  any  provision  of  law, rule or regulation or any order,
judgment,  injunction,  decree  or  ruling  applicable  to  each  Seller;

          (b)     do not (with or without the giving of notice or the passage of
time  or  both)  conflict  with  or  result  in  a  breach or termination of, or
constitute  a  default  or  give  rise to a right of termination or acceleration
under  the  Articles  of  Incorporation  or  Bylaws of Seller or pursuant to any
lease,  agreement, commitment or other instrument which Seller is a party to, or
bound  by,  or  by  which  any of the Sale Assets may be bound, or result in the
creation  of any Lien, other than a Permitted Lien, upon any of the Sale Assets.

     3.4     GOVERNMENTAL CONSENTS AND CONSENTS OF THIRD PARTIES.Except for such
             ----------------------------------------------------
consents  as  are required by the FCC and except for the applicable requirements
of the HSR Act, to Seller's actual knowledge, the execution and delivery of, and
the  performance  of its obligations under, this Agreement and each of the other
Documents  by  Seller,  and  the  consummation  by  Seller  of  the transactions
contemplated  hereby  and thereby, do not require the consent, waiver, approval,
permit,  license,  clearance  or  authorization of, or any declaration of filing
with,  any  court  or  public  agency  or other authority, or the consent of any
person  under  any  agreement,  arrangement  or  commitment of a nature to which
Seller  is a party or by which it is bound or by which the Sale Assets are bound
or  to  which  they  are subject to, the failure of which to obtain would have a
material  adverse  effect  on  the Sale Assets or the operation of the Stations.

     3.5     SALE  ASSETS. To Seller's actual knowledge, the Sale Assets include
             -------------
all of the assets, properties and rights of every type and description, tangible
and  intangible,  that  are  used  to  a  material  extent in the conduct of the
business  of  owning  and  operating  the  Station  in  the manner in which that
business  is  now  conducted,  with  the  exception  of  the  Excluded  Assets.

     3.6     TANGIBLE PERSONAL PROPERTY.Except for supplies and other incidental
             ---------------------------
items  which  in  the  aggregate  are  not of material value, to Seller's actual
knowledge, the list of Tangible Personal Property set forth on Schedule 3.6 is a
                                                               ------------
complete  and  correct  list  of  all of the items of tangible personal property
(other  than  Excluded Assets) used to a material extent in the operation of the
Station  in  the  manner  in  which  they  are  now  operated.

     (a)     Seller  has good, marketable and valid title to all of the items of
Tangible  Personal  Property free and clear of all Liens except Permitted Liens,
and  including  the  right  to  transfer  same.

          (b)     To  Seller's  actual  knowledge  and  except  as  set forth on
Schedule  3.6  the  Tangible Personal Property has been maintained in accordance
      -------
with  industry  practices and is in good operating condition subject to ordinary
wear  and  tear.

          (c)     To  Seller's  actual  knowledge the Tangible Personal Property
complies  with  applicable rules and regulations of the FCC and the terms of the
FCC  Licenses.

          (d)     Seller  has  no  knowledge  of  any defect in the condition or
operation  of  any  item  of  the  Tangible Personal Property that is reasonably
likely  to  have  a  material  adverse  effect  on the operation of the Station.

     3.7     FCC  LICENSES.Seller  is  the  holder of the FCC Licenses listed on
             --------------
Schedule 3.7, and except as set forth on such Schedule, the FCC Licenses (i) are
   ---------
valid,  in  good standing and in full force and effect and constitute all of the
licenses,  permits  and  authorizations  required  by  the  Act,  the  Rules and
Regulations  or  the  FCC  for,  or used in, the operation of the Station in all
material  respects as now operated, and (ii) constitute all the current licenses
and  authorizations  issued  by  the FCC to Seller for or in connection with the
current  operation  of  the  Station.  Seller  has no knowledge of any condition
imposed  by the FCC as part of any FCC License which is neither set forth on the
face  thereof  as  issued  by the FCC nor contained in the Rules and Regulations
applicable  generally  to stations of the type, nature, class or location of the
Stations.  The Station is being operated at full authorized power, in accordance
with  the  terms  and  conditions  of  the  FCC Licenses applicable to it and in
accordance  with the Rules and Regulations, except to the extent a failure to so
comply  would  not  constitute  a Material Adverse Condition. No proceedings are
pending  or,  to the knowledge of the Seller, are threatened which may result in
the  revocation,  modification,  non-renewal  or  suspension  of  any of the FCC
Licenses,  the denial of any pending applications, the issuance of any cease and
desist order or the imposition of any fines, forfeitures or other administrative
actions  by  the  FCC  with  respect to the Station or its operation, other than
proceedings  affecting  the  radio  broadcasting industry in general. Seller has
complied  in  all  material  respects  with  all  requirements  to file reports,
applications  and  other documents with the FCC with respect to the Station, and
all  such  reports,  applications  and documents are complete and correct in all
material  respects.  Seller  has  no  knowledge  of  any matters (i) which could
reasonably  be  expected  to  result  in  the suspension or revocation of or the
refusal  to  renew  any  of  the  FCC Licenses or the imposition of any fines or
forfeitures  by  the  FCC,  or  (ii)  against  Seller  which could reasonably be
expected  to  result in the FCC's refusal to grant approval of the assignment to
Buyer of the FCC Licenses or the imposition of any Material Adverse Condition in
connection  with approval of such assignment. To Seller's actual knowledge there
are  not  any  unsatisfied  or otherwise outstanding citations issued by the FCC
with  respect  to  the Station or its operation. Complete and accurate copies of
all  FCC Licenses are attached as a part of Schedule 3.7. The "Public Inspection
                                            ------------
File"  of  the  Station  is  in substantial and material compliance with Section
73.3526  of  the  Rules  and  Regulations.

     3.8     STATION  AGREEMENTS.
             --------------------

          (a)     To  Seller's  actual  knowledge,  Schedule  3.8  sets forth an
                                                    -------------
accurate  and  complete list of all material agreements, contracts, arrangements
or  commitments  in  effect  as  of  the  date hereof, including all amendments,
modifications  and  supplements  thereto  which  the  Station  or  its assets or
properties  are  bound  by,  except  (A)  employee  benefit plans and employment
contracts,  (B) contracts for the sale of time on the Station, and (C) contracts
which  are cancelable by Seller or its assignee without breach or penalty on not
more  than  sixty  (60)  days'  notice.  Complete and correct copies of all such
agreements,  contracts,  arrangements  or  commitments  that  are in writing and
actually  known  to  Seller,  including  all  amendments,  modifications  and
supplements  thereto,  have  been  delivered  to  Buyer.

     (b)     Except  as  set  forth  in  the  Schedules, and with respect to all
Station Agreements being assumed by Buyer, (i) all Station Agreements are legal,
valid  and  enforceable  in  accordance  with their terms, subject to applicable
bankruptcy,  insolvency,  reorganization,  moratorium and similar laws affecting
creditors'  rights  generally,  and  subject,  as  to enforceability, to general
principles  of  equity  regardless  of  whether  enforcement  is  sought  in any
proceeding  at law or in equity; (ii) to the actual knowledge of Seller, neither
Seller,  nor  any party thereto, is in material breach of or in material default
under any Station Agreements; (iii) to the actual knowledge of Seller, there has
not occurred any event which, after the giving of notice or the lapse of time or
both,  would  constitute  a  material  default  under, or result in the material
breach  of,  any Station Agreements which are, individually or in the aggregate,
material  to  the  operation  of the Station; and (iv) Seller holds the right to
enforce  and  receive the benefits under all of the Station Agreements, free and
clear  of  all  Liens  (other than Permitted Liens) but subject to the terms and
provision  of  each  such  agreement.

(c)     Schedule  3.8 indicates, for each Station Agreement listed thereon which
        -------------
is  being  assumed by buyer, whether consent or approval by any party thereto is
required  thereunder  for  consummation of the transactions contemplated hereby.

          3.9     LITIGATION.To  the  actual  knowledge  of  Seller there are no
                  -----------
claims,  investigations  or  administrative,  arbitration  or  other proceedings
pending  or  threatened  against  Seller  which  would,  individually  or in the
aggregate  if  adversely  determined, have a material adverse effect on the Sale
Assets  or the operation of the Station, or which would give any third party the
right  to  enjoin the transactions contemplated by this Agreement. To the actual
knowledge  of  Seller,  there  is  no  basis  for any such claim, investigation,
action,  suit  or  proceeding  which  would, individually or in the aggregate if
adversely  determined,  have  a  material  adverse  effect on the Sale Assets or
operation  of  the  Station.  To  the  actual  knowledge of Seller, there are no
existing  or  pending  orders, judgments or decrees of any court or governmental
agency  affecting  Seller,  the  Station  or  any of the Sale Assets which would
materially  adversely  affect  the  Station's  operations  or  the  Sale Assets.

            3.10     LABOR  MATTERS.
                     ---------------

          (a)     Seller  is not a party to any collective bargaining agreement,
and  there  is  no collective bargaining agreement that determines the terms and
conditions  of  employment  of  any  employees  of  Seller.

          (b)     With  respect  to  the  Station:

               (i)  There  is  no  labor  strike, dispute, slow-down or stoppage
pending  or,  to the actual knowledge of Seller, threatened against the Station;

               (ii) To the actual knowledge of Seller, there are neither pending
nor threatened, any suits, actions, administrative proceedings, union organizing
activities, arbitrations, grievances or other proceedings between Seller and any
employees  of  the  Station  or  any  union  representing such employees; and to
Seller's  actual  knowledge,  there are no existing labor or employment or other
controversies or grievances involving employees of the Station which have had or
are  reasonably likely to have a material adverse effect on the operation of the
Station;

               (iii)  (A)  Seller is in compliance in all material respects with
all  laws,  rules  and  regulations  relating to the employment of labor and all
employment  contractual  obligations,  including those relating to wages, hours,
collective  bargaining,  affirmative  action, discrimination, sexual harassment,
wrongful  discharge  and  the withholding and payment of taxes and contributions
except  for such non-compliance which individually or in the aggregate would not
have  a  material  adverse  effect on the business or financial condition of the
Station;  (B) Seller has withheld all amounts required by law or agreement to be
withheld  from  the  wages  or  salaries of its employees; and (C) Seller is not
liable  to  any  present  or  former employees or any governmental authority for
damages,  arrears  of wages or any tax or penalty for failure to comply with the
foregoing except for such liability which individually or in the aggregate would
not have a material adverse effect on the business or financial condition of the
Station;

               (iv)  Buyer's  consummation  of  the transactions contemplated by
this  Agreement in accordance with the terms hereof shall not, as a result of or
in  connection  with the transactions contemplated hereby, impose upon Buyer the
obligation  to pay any severance or termination pay under any agreement, plan or
arrangement  binding  upon  Seller.

     3.11     EMPLOYEE  BENEFIT  PLANS.Buyer's  consummation of the transactions
              -------------------------
contemplated by this Agreement in accordance with the terms hereof shall not, as
a  result  of or in connection with the transactions contemplated hereby, impose
upon  Buyer  any  obligation  under  any  benefit  plan, contract or arrangement
(regardless  of  whether  they  are written or unwritten and funded or unfunded)
covering  employees  or  former  employees  of  Seller  in connection with their
employment  by  Seller.  For  purposes  of  the Agreement, "benefit plans" shall
include  without limitation employee benefit plans within the meaning of Section
3(3)  of  the  Employee  Retirement  Income  Security  Act  of 1974, as amended,
vacation benefits, employment and severance contracts, stock option plans, bonus
programs  and  plans  of  deferred  compensation.

     3.12     COMPLIANCE WITH LAW.To Seller's actual knowledge, the operation of
              --------------------
the  Station  complies  in  all  material respects with the applicable rules and
regulations  of  the  FCC and all federal, state, local or other laws, statutes,
ordinances, regulations, and any applicable order, writ, injunction or decree of
any  court,  commission,  board,  agency  or  other  instrumentality.

     3.13     ENVIRONMENTAL  MATTERS;  OSHA.
              ------------------------------

          (a)     To Seller's actual knowledge Seller has obtained all material,
environmental,  health  and  safety permits necessary or required for either the
operation  of  the  Station  as  currently operated or the ownership of the Sale
Assets  and  all  such  permits  are  in  full force and effect and Seller is in
compliance  with  all  material  terms  and  conditions  of  such  permits.

          (b)     To Seller's actual knowledge there is no proceeding pending or
threatened  which  may  result  in  the  reversal,  rescission,  termination,
modification  or  suspension  of  any  environmental or health or safety permits
necessary  for  the  operation  of  the  Station  as  currently conducted or the
ownership  of  the  Sale  Assets.

          (c)     To  Seller's actual knowledge, with respect to the Station and
the  Sale  Assets,  Seller  is  in  compliance in all material respects with the
provisions  of  Environmental  Laws.

          (d)     To Seller's actual knowledge, Seller is in material compliance
with  all  OSHA  Laws  applicable  to  the  Sale  Assets.

     3.14     TOWER  COORDINATES.  To  Seller's  actual  knowledge  the  current
              -------------------
vertical  elevation  and  geographical coordinates of the Station's towers ("the
Tower  Coordinates")  are properly registered with the FCC and FAA; and (ii) the
Tower  Coordinates  comply with and correspond to the current vertical elevation
an  geographical  coordinates  authorized  by  the  FAA,  FCC  and  any  other
governmental  authority,  including any federal, state or local authority having
jurisdiction  over  the  Station  or  said  towers.

     3.15     FILING  OF  TAX  RETURNS.Seller  has  filed all federal, state and
              -------------------------
local tax returns which are required to be filed, and has paid all taxes and all
assessments to the extent that such taxes and assessments have become due, other
than  such returns, taxes and assessments, the failure to file or pay would not,
individually  or  in  the  aggregate,  have  a material adverse effect on Buyer.

     3.16     ABSENCE  OF  INSOLVENCY.No insolvency proceedings of any character
              ------------------------
including  without  limitation,  bankruptcy,  receivership,  reorganization,
composition  or  arrangement with creditors, voluntary or involuntary, affecting
the  Seller  or any of the Sale Assets, are pending or, to the best knowledge of
Seller,  threatened,  and  Seller  has  made  no  assignment  for the benefit of
creditors,  nor  taken  any action with a view to, or which would constitute the
basis  for  the  institution  of,  any  such  insolvency  proceedings.

     3.17     BROKER'S  OR  FINDER'S FEES.No agent, broker, investment banker or
              ----------------------------
other person or firm acting on behalf of or under the authority of Seller or any
affiliate  of  Seller  is or will be entitled to any broker's or finder's fee or
any  other commission or similar fee, directly or indirectly, in connection with
the  transactions  contemplated  by  this  Agreement.

     3.18     INSURANCE.There  is  now  in  full force and effect with reputable
              ----------
insurance  companies  fire  and  extended coverage insurance with respect to all
material  tangible  Sale  Assets  and  public  liability  insurance,  all  in
commercially  reasonable  amounts.

                                   ARTICLE IV
                                   ----------

                     REPRESENTATIONS AND WARRANTIES OF BUYER
                     ---------------------------------------

     Buyer  represents  and  warrants  to  Seller  as  follows:

     4.1     ORGANIZATION AND GOOD STANDING.Buyer is a limited liability company
             -------------------------------
duly  organized,  validly  existing  and  in good standing under the laws of the
State of California. Buyer has all requisite corporate power to own, operate and
lease  its properties and carry on its business as it is now being conducted and
as  the  same  will  be  conducted  following  the  Closing.

     4.2     AUTHORIZATION AND BINDING EFFECT OF DOCUMENTS.Buyer's execution and
             ----------------------------------------------
delivery  of,  and  the performance of its obligations under, this Agreement and
each  of  the other Documents, and the consummation by Buyer of the transactions
contemplated  hereby  and thereby, have been duly authorized and approved by all
necessary  corporate  action  on  the  part  of  Buyer.  Buyer has the power and
authority  to  execute, deliver and perform its obligations under this Agreement
and  each  of  the other Documents and to consummate the transactions hereby and
thereby  contemplated. This Agreement and each of the other Documents have been,
or  at  or  prior to the Closing will be, duly executed by Buyer. The Documents,
when executed and delivered by the parties hereto, will constitute the valid and
legally binding agreement of Buyer, enforceable against Buyer in accordance with
their  terms,  except  as  may  be  limited  by bankruptcy, insolvency, or other
similar  laws  affecting  the  enforcement  of  creditors'  rights  or  remedies
generally,  and  except  as  may  be  limited  by  general  principles of equity
(regardless  of  whether such enforceability is sought in a proceeding in equity
or  at  law).

     4.3     ABSENCE  OF  CONFLICTS.Buyer's  execution  and delivery of, and the
             -----------------------
performance  of  its  obligations  under,  this  Agreement and each of the other
Documents  and  the consummation by Buyer of the transaction contemplated hereby
and  thereby:

          (a)     Do  not in any material respect (with or without the giving of
notice or the passage of time or both) violate (or result in the creation of any
claim,  lien,  charge or encumbrance on any of the assets or properties of Buyer
under)  any  provision  of  law,  rule  or  regulation  or  any order, judgment,
injunction,  decree or ruling applicable to Buyer in any manner which would have
a  material  adverse  effect  on  the  assets,  business, operation or financial
condition  or  results  of  operations  of  Buyer;

          (b)     Do not (with or without the giving of notice or the passage of
time  or  both)  conflict  with  or  result  in  a  breach or termination of, or
constitute  a  default  or  give  rise to a right of termination or acceleration
under, the articles of incorporation or bylaws of Buyer or any lease, agreement,
commitment, or other instrument which Buyer is a party to, bound by, or by which
any  of  its  assets  or  properties  may  be  bound.

     4.4     GOVERNMENTAL  CONSENTS AND CONSENTS OF THIRD PARTIES.Except for the
             -----------------------------------------------------
required  consent  of  the  FCC  and the applicable requirements of the HSR Act,
Buyer's execution and delivery of, and the performance of its obligations under,
this  Agreement and each of the other Documents and the consummation by Buyer of
the  transaction  contemplated  hereby  and thereby, do not require the consent,
waiver,  approval,  permit,  license,  clearance  or  authorization  of,  or any
declaration  or  filing  with, any court or public agency or other authority, or
the  consent of any person under any agreement, arrangement or commitment of any
nature  to  which Buyer is a party or by which it is bound, the failure of which
to  obtain  would  have  a  material  adverse  effect  on  the assets, business,
operation  or  financial  condition  or  results  of  operations  of  Buyer.

     4.5     QUALIFICATION.
             --------------

          (a)     Buyer  has  no  knowledge  after  due  inquiry  of  any  facts
concerning  Buyer or any other person with an attributable interest in Buyer (as
such  term  is defined under the Rules and Regulations) which, under present law
(including  the  Act)  and the Rules and Regulations, would (i) disqualify Buyer
from  being  the holder of the FCC Licenses, the owner of the Sale Assets or the
operator  of  the  Station upon consummation of the transactions contemplated by
this  Agreement,  or  (ii)  raise  a  substantial  and material question of fact
(within  the  meaning  of  Section  309(e)  of  the  Act)  respecting  Buyer's
qualifications.

          (b)     Without  limiting  the  foregoing  Subsection (a), Buyer shall
                                                     --------------
make  the affirmative certifications provided in Section III of FCC Form 314, or
as may be required on any form required by the FCC to obtain its consent to this
transaction,  at the time of filing of such form with the FCC as contemplated by
Section  5.2.
------------

     4.6     BROKER'S  OR  FINDER'S FEES.No agent, broker, investment banker, or
             ----------------------------
other  person or firm acting on behalf of or under the authority or Buyer or any
affiliate of Buyer is or will be entitled to any broker's or finder's fee or any
other  commission  or  similar  fee,  directly or indirectly, in connection with
transactions  contemplated  by  this  Agreement.

     4.7     LITIGATION.There are no legal, administrative, arbitration or other
             -----------
proceedings  or  governmental  investigations  pending  or,  to the knowledge of
Buyer,  threatened  against  Buyer  that would give any third party the right to
enjoin  the  transactions  contemplated  by  this  Agreement.

                                    ARTICLE V
                                    ---------

                     TRANSACTIONS PRIOR TO THE CLOSING DATE
                     --------------------------------------

     5.1     CONDUCT  OF  THE  STATION'S  BUSINESS  PRIOR  TO  THE CLOSING DATE.
             -------------------------------------------------------------------
Seller  covenants  and  agrees  with  Buyer that between the date hereof and the
Closing  Date,  unless  the  Buyer  otherwise agrees in writing (which agreement
shall  not  be  unreasonably  withheld  or  delayed),  Seller  shall:

          (a)     Use  reasonable  commercial efforts to maintain insurance upon
all  of  the tangible Sale Assets in such amounts and of such kind comparable to
that  in  effect  on  the  date hereof with respect to such Sale Assets and with
respect to the operation of the Station, with insurers of substantially the same
or  better  financial  condition;

          (b)     Operate  the Station and otherwise conduct its business in all
material  respects  in  accordance  with  the  terms  or  conditions  of its FCC
Licenses,  the  Rules  and  Regulations,  the  Act  and  all  other  rules  and
regulations,  statutes,  ordinances  and  orders of all governmental authorities
having  jurisdiction  over  any  aspect  of the operation of the Station, except
where  the  failure  to so operate the Station would not have a material adverse
effect  on  the Sale Assets or the operation of the Station or on the ability of
Seller  to  consummate  the  transactions  contemplated  hereby;

      (c)     Comply in all material respects with all Station Agreements now or
hereafter  existing which are material, individually or in the aggregate, to the
operation  of  the  Station;

          (d)     Promptly  notify Buyer of any material default by, or claim of
default  against,  any  party  under  any Station Agreements which are material,
individually or in the aggregate, to the operation of the Station, and any event
or  condition  which,  with notice or lapse of time or both, would constitute an
event  of  default  under  such  Station  Agreements;

          (e)     Not  mortgage,  pledge  or  subject  to  any Lien other than a
Permitted  Lien  (except  in  the  ordinary  course of business) any of the Sale
Assets;

          (f)     Not  sell,  lease  or otherwise dispose of, nor agree to sell,
lease  or  otherwise dispose of, any of the Sale Assets, except for dispositions
in  the  ordinary  course  of  business;

          (g)     Not  amend  or  terminate any Station Agreement, other than in
the  ordinary  course  of  business;

          (h)     Not  introduce  any  material  change  with  respect  to  the
operation  of the Station including, without limitation, any material changes in
the broadcast hours of the Station or any other material change in the Station's
programming  policies,  except such changes as in the sole discretion of Seller,
exercised  in  good  faith  after  consultation  with Buyer, are required by the
public  interest;

          (i)     Notify  Buyer of any material litigation pending or threatened
against  Station or any material damage to or destruction of any assets included
or  to be included in the Sale Assets of which Seller receives actual knowledge.

     5.2     GOVERNMENTAL CONSENTS.Seller and Buyer have filed with the FCC such
             ----------------------
applications and other documents in the name of Seller or Buyer, as appropriate,
as may be necessary or advisable to obtain the FCC Order. Seller and Buyer shall
take  all commercially reasonable steps necessary to prosecute such filings with
diligence  and  shall  diligently  oppose  any  objections  to,  appeals from or
petitions  to reconsider such approval of the FCC, to the end that the FCC Order
and  a Final Action with respect thereto may be obtained as soon as practicable;
provided,  however,  that in the event the application for assignment of the FCC
Licenses  has  been  designated for hearing, either Buyer or Seller may elect to
terminate  this Agreement pursuant to Section 10.1(c). Buyer shall not knowingly
                                      ---------------
take, and Seller covenants that Seller shall not knowingly take, any action that
party  knows  or  has  reason  to  know would materially and adversely affect or
materially delay issuance of the FCC Order or materially and adversely affect or
materially  delay  its  becoming  a  Final  Action  without  a  Material Adverse
Condition,  unless such action is requested or required by the FCC, its staff or
the  Rules  and  Regulations.  Should  Buyer or Seller become aware of any facts
which  could  reasonably  be  expected  to  materially  and  adversely affect or
materially  delay issuance of the FCC Order without a Material Adverse Condition
(including  but  not  limited  to,  in  the case of Buyer, any facts which would
reasonably  be  expected to disqualify Buyer from controlling the Station), such
party  shall promptly notify the other party thereof in writing and both parties
shall  cooperate  to take all steps necessary or desirable to resolve the matter
expeditiously  and  to  obtain  the FCC's approval of matters pending before it.

            5.3       HSR.  Within five (5) business days after the execution of
                      ---
this  Agreement,  Buyer  and  Seller  shall  make  any required filings with the
Federal Trade Commission and the United States Department of Justice pursuant to
the  HSR  Act  (including  a request for early termination of the waiting period
thereunder), and shall thereafter promptly respond to all requests received from
such  agencies  for  additional  information  or  documentation.

     5.4     OTHER  CONSENTS.Seller  shall  use  its  reasonable best efforts to
             ----------------
obtain the consent or waivers to the transactions contemplated by this Agreement
required under any assumed Station Agreements; provided that Seller shall not be
required  to pay or grant any material consideration in order to obtain any such
consent  or  waiver.

     5.5     TAX  RETURNS  AND PAYMENTS.All taxes pertaining to ownership of the
             ---------------------------
Sale Assets or operation of the Station prior to the Closing Date will be timely
paid;  provided that Seller shall not be required to pay any such tax so long as
the validity thereof shall be contested in good faith by appropriate proceedings
and  Seller shall have set aside adequate reserves with respect to any such tax.

     5.6     ACCESS  PRIOR  TO  THE CLOSING DATE.Prior to the Closing, Buyer and
             ------------------------------------
its  representatives  may  make  such reasonable investigation of the assets and
business  of  the  Station as it may desire; and Seller shall give to Buyer, its
engineers,  counsel,  accountants  and  other  representatives reasonable access
during  normal  business  hours  throughout  the  period prior to the Closing to
personnel  and  all  of the assets, books, records and files of or pertaining to
the  Station.

     5.7     CONFIDENTIALITY.All information, data and materials furnished or to
             ----------------
be  furnished to either party with respect to the other party in connection with
this  transaction  or  pursuant  to  this  Agreement is confidential. Each party
agrees  that  prior  to  Closing  (a)  it  shall  not disclose or otherwise make
available, at any time, any such information, data or material to any person who
does  not have a confidential relationship with such party; (b) it shall protect
such  information,  data  and material with a high degree of care to prevent the
disclosure  thereof;  and  (c)  if,  for  any  reason,  this  transaction is not
consummated,  all  information,  data  or  material  concerning  the other party
obtained  by  such  party, and all copies thereof, will be returned to the other
party.
               \
     5.8     REASONABLE BEST EFFORTS.Subject to the terms and conditions of this
             ------------------------
Agreement,  each  of  the parties hereto will use its reasonable best efforts to
take  all  action and to do all things necessary, proper or advisable to satisfy
any  condition to the parties' obligations hereunder in its power to satisfy and
to  consummate  and  make  effective  as  soon  as  practicable the transactions
contemplated  by  this  Agreement.

     5.9     FCC REPORTS.Seller shall continue to file, on a current basis until
             ------------
the  Closing  Date,  all reports and documents required to be filed with the FCC
with  respect to the Station. Seller shall provide Buyer with copies of all such
filings  within  five  business  days  of  the  filing  with  the  FCC.

     5.10     CONVEYANCE  FREE  AND  CLEAR  OF LIENS.At or prior to the Closing,
              ---------------------------------------
Seller shall obtain executed releases, in suitable form for filing and otherwise
in  form  and  substance  reasonably  satisfactory  to  Buyer,  of  any security
interests  granted  in the Sale Assets and properties as security for payment of
loans  and  other  obligations  or  judgments and of any other Liens on the Sale
Assets.  At  the  closing,  Seller shall transfer and convey to Buyer all of the
Sale  Assets  free  and  clear  of  all  Liens  except  Permitted  Liens.

                                   ARTICLE VI
                                   ----------

                           CONDITIONS PRECEDENT TO THE
                          OBLIGATIONS OF BUYER TO CLOSE
                          -----------------------------

     Buyer's  obligation to close the transaction contemplated by this Agreement
is  subject to the satisfaction, on or prior to the Closing Date, of each of the
following  conditions,  unless  waived  by  Buyer  in  writing:

     6.1     ACCURACY  OF  REPRESENTATIONS AND WARRANTIES;  CLOSING CERTIFICATE.
             -------------------------------------------------------------------

          (a)     The representations and warranties of Seller contained in this
Agreement or in any other Document shall be complete and correct in all material
respects  on  the date hereof and at the Closing Date with same effect as though
made  at  such  time  except  for changes that are not materially adverse to the
Station  or  the  Sale  Assets  taken  as  a  whole.

          (b)     Seller  shall  have  delivered  to Buyer on the Closing Date a
certificate  that  (i) the condition specified in Section 6.1(a) is satisfied as
                                                  --------------
of  the  Closing Date, and (ii) except as set forth in such certificate (none of
which  exceptions shall be materially adverse to the Station, the Sale Assets or
Seller's  ability  to  consummate  the  transaction  contemplated  hereby),  the
condition  specified  in  Section  6.2  is  satisfied  as  of  the Closing Date.
                          ------------

     6.2     PERFORMANCE  OF  AGREEMENTS.Seller  shall  have  performed  in  all
             ----------------------------
material  respects  all of its covenants, agreements and obligations required by
this  Agreement and each of the other Documents to be performed or complied with
by  it  prior  to  or  upon  the  Closing  Date.

     6.3     FCC  AND  OTHER  CONSENTS.
             --------------------------

          (a)     The  FCC  Order  shall have been issued by the FCC without any
Material  Adverse  Condition.

          (b)     Seller  shall have satisfied all material conditions which the
FCC  Order or any order, ruling or decree of any judicial or administrative body
relating  thereto  or  in  connection  therewith  specifies  and  requires to be
satisfied  by  Seller  prior  to  transfer  of  the  FCC  Licenses  to  Buyer.

          (c)     All  other  material  authorizations,  consents, approvals and
clearances  of  federal, state or local governmental agencies required to permit
the  consummation  by  Buyer  of the transactions contemplated by this Agreement
including, without limitation, the assignment of any FCC Authorization requested
by  Buyer,  shall  have  been  obtained;  all  material statutory and regulatory
requirements  for  such  consummation  shall  have  been  fulfilled; and no such
authorizations,  consents,  approvals or clearances shall contain any conditions
that  individually  or  in the aggregate would have a material adverse effect on
the  operations  of  the  Station.

     6.4     ADVERSE PROCEEDINGS. Neither Buyer nor any affiliate of Buyer shall
             -------------------
be  subject  to  any  ruling,  decree, order or injunction restraining, imposing
material  limitations on or prohibiting (i) the consummation of the transactions
contemplated  hereby  or  (ii)  its  participation in the operation, management,
ownership  or  control  of  the  Station; and no litigation, proceeding or other
action  seeking  to obtain any such ruling, decree, order or injunction shall be
pending.  No  governmental authority having jurisdiction shall have notified any
party to this Agreement that consummation of the transaction contemplated hereby
would constitute a violation of the laws of the United States or of any state or
political  subdivision  or  that  it intends to commence proceedings to restrain
such  consummation  or  to force divestiture, unless such governmental authority
shall  have withdrawn such notice. No governmental authority having jurisdiction
shall  have  commenced  any  such  proceeding.

     6.5     OPINION  OF  SELLER'S  FCC  COUNSEL.Buyer  shall have received from
             ------------------------------------
Seller's  FCC  counsel an opinion, dated the Closing Date, in form and substance
reasonably  satisfactory  to  Buyer's  FCC  counsel,  to  the  effect  that:

          (a)     The  FCC  Licenses  listed  on Schedule 3.7 are valid, in good
                                                 ------------
standing and in full force and effect and include all material licenses, permits
and  authorizations  which  are  necessary  under  the Rules and Regulations for
Seller  to  operate  the Station in the manner in which the Station is currently
being  operated.

          (b)     To  counsel's  knowledge, no condition has been imposed by the
FCC  as  part  of  any FCC License which is not set forth on the face thereof as
issued by the FCC or contained in the Rules and Regulations applicable generally
to  stations  of  the  type,  nature,  class  or  location  of  the  Station.

          (c)     No  proceedings  are  pending  or, to counsel's knowledge, are
threatened  which  may  result  in the revocation, modification, non-renewal of,
suspension  of,  or  the imposition of a Material Adverse Condition upon, any of
the  FCC  Licenses,  the denial of any pending applications, the issuance of any
cease  and  desist  order  or  the imposition of any fines, forfeitures or other
administrative  actions  by  the FCC which would materially adversely affect the
continued  operation  of the Station, other than proceedings affecting the radio
broadcasting  industry  in  general.

     In  rendering such opinion, counsel shall be entitled to rely upon Seller's
representations and warranties in this Agreement and to limit its inquiry to its
files  and such FCC files and records as are available to it as of 10:00 o'clock
A.M.  Eastern  time  the  business  day  immediately preceding the Closing Date.
Counsel  may  state  that,  as  to any factual matters embodied in, or forming a
basis  for  any legal opinion expressed in, such opinion, counsel's knowledge is
based  solely  on  such  inquiry.

     6.6     OTHER  CONSENTS.Seller  shall have obtained in writing and provided
             ----------------
to Buyer on or before the Closing Date, without any condition materially adverse
to  Buyer  or  the Station, the material consents or waivers to the transactions
contemplated  by  this  Agreement  required under those Station Agreements which
Buyer  has  elected  to  assume.

6.7     DELIVERY  OF  CLOSING DOCUMENTS.Seller shall have delivered or caused to
---     --------------------------------
be  delivered  to Buyer on the Closing Date each of the Documents required to be
delivered  pursuant  to  Section  8.
                         -----------

     6.8     NO  CESSATION  OF  BROADCASTING.
             -------------------------------

          (a)     Between  the  date  hereof  and  the Closing Date, the Station
shall  not  have  for a period of more than ten (10) continuous days, (i) ceased
broadcasting  on  its  authorized  frequency, (ii) lost substantially all of its
normal  broadcasting  capability  or (iii) been broadcasting at a power level of
50%  or  less of its FCC authorized level. Seller shall promptly notify Buyer of
the occurrence of any one or more of the foregoing events or conditions, and the
non-fulfillment  of  the condition precedent set forth in this Subsection caused
by  the  occurrence  of  the events specified in Seller's notice shall be deemed
waived  by  Buyer  unless,  within  fifteen  (15)  days after Buyer's receipt of
Seller's  written  notice,  Buyer  notifies  Seller  in writing to the contrary.

          (b)     In  addition,  during  the five (5) days immediately preceding
the  Closing  Date,  the  Station  shall  have  been operating continuously with
substantially  all of its normal broadcasting capability except for cessation or
reductions for insignificant periods of time resulting from occurrences (such as
lightning strikes) over which Seller has no control. Seller shall have the right
to  delay  Closing  for  a  period  not  to  exceed  thirty  (30) days if Seller
reasonably  determines  that any action to restore the Station substantially all
of its normal broadcasting capability can be completed during such delay period.

                         ARTICLE  VII
                         ------------

                           CONDITIONS PRECEDENT OF THE
                          OBLIGATION OF SELLER TO CLOSE
                          -----------------------------

     The  obligation  of  Seller  to  close the transaction contemplated by this
Agreement  is  subject  to the satisfaction, on or prior to the closing Date, of
each  of  the  following  conditions,  unless  waived  by  Seller  in  writing:

     7.1     ACCURACY  OF  REPRESENTATIONS  AND  WARRANTIES.
             -----------------------------------------------

          (a)  The  representations  and  warranties  of Buyer contained in this
Agreement  shall  be  complete  and correct in all material respects on the date
hereof  and at the Closing Date with the same effect as though made at such time
except  for  changes  that  are  not  materially  adverse  to  Seller.

          (b)  Buyer  shall  have  delivered  to  Seller  on  the Closing Date a
certificate  that  (i) the condition specified in Section 7.1(a) is satisfied as
                                                  --------------
of  the  Closing Date, and (ii) except as set forth in such certificate (none of
which  exceptions  shall  be materially adverse to Buyer's ability to consummate
the  transaction  contemplated  hereby), the conditions specified in Section 7.2
                                                                     -----------
are  satisfied  as  of  the  Closing  Date.

     7.2     PERFORMANCE  OF  AGREEMENTS.Buyer  shall  have  performed  in  all
             ----------------------------
material  respects  all of its covenants, agreements and obligations required by
this  Agreement and each of the other Documents to be performed or complied with
by  it  prior  to  or  upon  the  Closing  Date.

     7.3.     FCC  AND  OTHER  CONSENTS.
              --------------------------

          (a)     The  FCC  Order  shall have been issued by the FCC without any
condition  materially  adverse  to  Seller.

          (b)     Conditions  which the FCC Order or any order, ruling or decree
of  any  judicial  or  administrative  body  relating  thereto  or in connection
therewith  specifies  and requires to be satisfied by Buyer prior to transfer of
the  FCC  Licenses  to  Buyer  shall  have  been  satisfied  by  Buyer.

          (c)     All  other  authorizations, consents, approvals and clearances
of  all  federal,  state  and local governmental agencies required to permit the
consummation  by Seller of the transactions contemplated by this Agreement shall
have  been  obtained;  all  statutory  and  regulatory  requirements  for  such
consummation  shall  have  been fulfilled; and no such authorizations, consents,
approvals or clearances shall contain any conditions that individually or in the
aggregate  would  have  any  material  adverse  effect  on  Seller.

     7.4     ADVERSE  PROCEEDINGS.Seller  shall  not  be  subject to any ruling,
             ---------------------
decree,  order  or  injunction  restraining, imposing material limitations on or
prohibiting  the  consummation  of  the  transactions  contemplated  hereby.  No
governmental authority having jurisdiction shall have notified any party to this
Agreement  that  consummation  of  the  transactions  contemplated  hereby would
constitute  a  violation  of  the  laws  of the United States or of any state or
political  subdivision  or  that  it intends to commence proceedings to restrain
such  consummation  or  to force divestiture, unless such governmental authority
shall  have withdrawn such notice. No governmental authority having jurisdiction
shall  have  commenced  any  such  proceeding.

     7.5     DELIVERY  OF  CLOSING DOCUMENTS AND PURCHASE PRICE.Buyer shall have
             ---------------------------------------------------
delivered  or  caused  to be delivered to Seller on the Closing Date each of the
Documents  required  to  be  delivered pursuant to Section 8.3, and Seller shall
                                                   -----------
have  received  payment of the Purchase Price with the form of payment set forth
in  Section  2.5.
    ------------

                                  ARTICLE VIII
                                  ------------

                                     CLOSING
                                     -------

     8.1     TIME  AND  PLACE.Unless  otherwise  agreed  to  in  advance  by the
             -----------------
parties,  Closing  shall take place in person or via facsimile at the offices of
Seller in Camarillo, California, or at such other place as the parties agree, at
10:00  A.M.  Pacific  Time on the date (the "Closing Date") that is the later of
(i) the fifth Business Day after the Applicable Date or (ii) the date as soon as
practicable  following  satisfaction  or  waiver  of  the  conditions  precedent
hereunder.  The "Applicable Date" shall be the date on which issuance of the FCC
Order  without any Material Adverse Condition or condition materially adverse to
Seller  has  become  effective.

     8.2     DOCUMENTS TO BE DELIVERED TO BUYER BY SELLER.At the Closing, Seller
             ---------------------------------------------
shall  deliver  or  cause  to  be  delivered  to  Buyer  the  following:

          (a)     Certified  resolutions  of  Sellers'  Boards  of Directors and
Shareholder  approving  the execution and delivery of this Agreement and each of
the  other  Documents  and  authorizing  the  consummation  of  the transactions
contemplated  hereby  and  thereby.

          (b)     The  certificate  required  by  Section  6.1(b).
                                                  ---------------

          (c)     A  bill  of  sale  and  other  instruments  of  transfer  and
conveyance  transferring  to  Buyer  the  Tangible  Personal  Property.

          (d)     Executed  releases,  in suitable form for filing and otherwise
in  form  and  substance  reasonably  satisfactory  to  Buyer,  of  any security
interests  granted in the Sale Assets as security for payment of loans and other
obligations  and  of  any  other  Liens  (other  than  Permitted  Liens).

          (e)     An  instrument  or  instruments  assigning to Buyer all right,
title  and  interest  of  Seller  in  and  to  all  Station  Agreements.

          (f)     An instrument assigning to Buyer all right, title and interest
of  Seller in the FCC Licenses, all pending applications relating to the Station
before  the  FCC,  and  any  remaining  Sale  Assets  not  otherwise  conveyed.

          (g)     An  instrument  assigning  to  Buyer  all  rights,  title  and
interest  of  Seller  to  the  assets  described  in  Section  2.1(e)  hereof.
                                                      ---------------

          (h)     The  opinion  of Seller's FCC counsel, dated the Closing Date,
to  the  effect  set  forth  in  Section  6.5.
                                 ------------

          (i)     Such  additional information and materials as Buyer shall have
reasonably  requested,  including without limitation, evidence that all consents
and  approvals  required as a condition to Buyer's obligation to close hereunder
have  been  obtained.

     8.3     DOCUMENTS  TO BE DELIVERED TO SELLER BY BUYER.At the Closing, Buyer
             ----------------------------------------------
shall  deliver  or  cause  to  be  delivered  to  Seller  the  following:

          (a)     Certified  resolutions  of  Buyer's  member  and  sole manager
approving  the  execution  and  delivery of this Agreement and each of the other
Documents  and  authorizing  the  consummation  of  the transaction contemplated
hereby  and  thereby.

          (b)     The  Purchase  Price  as  set  forth  in  Section  2.5.
                                                            ------------

          (c)     The  agreement  of  Buyer  assuming  the obligations under any
Station  Agreements  being  assumed  by  Buyer.

          (d)     The  certificate  required  under  Section  7.1(b).
                                                     ---------------

               (e)     Such additional information and materials as Seller shall
have  reasonably  requested.

                                   ARTICLE IX
                                   ----------

                   SURVIVAL OF REPRESENTATIONS AND WARRANTIES;
                   -------------------------------------------
                                 INDEMNIFICATION
                                 ---------------

     9.1     SURVIVAL  OF  REPRESENTATION  AND  WARRANTIES.All  representations,
             ----------------------------------------------
warranties, covenants and agreements contained in this Agreement or in any other
Document shall survive the Closing for the Survival Period and the Closing shall
not  be  deemed  a  waiver  by  either party of the representations, warranties,
covenants  or  agreements  of  the  other party contained herein or in any other
Document.  No  claim  may  be brought under this Agreement or any other Document
unless  written  notice  describing in reasonable detail the nature and basis of
such  claim  is given on or prior to the last day of the Survival Period; except
for  claims  by  Buyer  for  any  amounts owed by Seller to Buyer under  Section
                                                                         -------
9.3(a)(iv)  and  Section 9.3(a)(v), which claims may be made at any time. In the
     -----       -----------------
event  such  a  notice  is  so  given, the right to indemnification with respect
thereto under this Article shall survive the Survival Period until such claim is
finally  resolved  and any obligations with respect thereto are fully satisfied.
Notwithstanding  the  foregoing,  the  provisions for survival and the making of
claims  shall  not apply to the agreements whereby Buyer assumes the obligations
under  Subsection  8.3(c), each of which agreements shall be governed by its own
       ------------------
terms.

     9.2     INDEMNIFICATION  IN  GENERAL.Buyer and Seller agree that the rights
             -----------------------------
to indemnification and to be held harmless set forth in this Agreement shall, as
between  the  parties  hereto  and  their  respective successors and assigns, be
exclusive  of  all  rights  to indemnification and to be held harmless that such
party (or its successors or assigns) would otherwise have by statute, common law
or  otherwise.

     9.3     INDEMNIFICATION  BY  SELLER.
             ----------------------------

          (a)     Subject  to the provisions of Subsection (b) below and Section
                                                --------------           -------
10.2  below,  Seller  shall  indemnify  and hold harmless Buyer and any officer,
----
director,  agent,  employee  and  affiliate  thereof with respect to any and all
----
demands,  claims,  actions,  suits,  proceedings, assessments, judgments, costs,
----
losses, damages, liabilities and expenses (including reasonable attorneys' fees)
---
relating  to  or  arising  out  of:

               (i)  Any  breach  or  non-performance  by  Seller  of  any of its
representations, warranties, covenants or agreements set forth in this Agreement
or  any  other  Documents;  or

               (ii)  The  ownership or operation by Seller of the Station or the
Sale  Assets  on  or  prior  to  the  Closing  Date;  or

               (iii)  All other liabilities and obligations of Seller other than
the  Assumed  Obligations;  or

               (iv)  Noncompliance  by  Seller  with  the provisions of the Bulk
Sales  Act,  if  applicable,  in  connection  with  the transaction contemplated
hereby;  or

          (b)     Except  for  any amounts owed by Seller to Buyer under Section
                                                                         -------
9.3(a)  (iv),  and Section 2.7, if Closing occurs, Seller shall not be obligated
 -----------       -----------
until  the  aggregate amount of such claims, liabilities, damages, losses, costs
and  expenses  exceeds  Buyer's  Threshold Limitation, in which case Buyer shall
then  be  entitled  to  indemnification  of  the  entire  aggregate  amount.

     9.4     INDEMNIFICATION  BY  BUYER.
             ---------------------------

          (a)     Subject  to the provisions of Subsection (b) below and Section
                                                --------------           -------
10.2  below,  Buyer  shall  indemnify  and hold harmless Seller and any officer,
----
director,  agent,  employee  and  affiliate  thereof with respect to any and all
----
demands,  claims,  actions,  suits,  proceedings, assessments, judgments, costs,
----
losses, damages, liabilities and expenses (including reasonable attorneys' fees)
---
relating  to  or  arising  out  of:

               (i)  Any  breach  or  non-performance  by  Buyer  of  any  of its
representations, warranties, covenants or agreements set forth in this Agreement
or  any  other  Document;  or

               (ii)  The ownership or operation of the Station after the Closing
Date;  or
               (iii)  All  other  liabilities  or  obligations  of  Buyer.

          (b)     Except  for  any amounts owed by Buyer to Seller under Section
                                                                         -------
2.7,  if Closing occurs, Buyer shall not be obligated until the aggregate amount
 --
of  such  claims,  liabilities,  damages,  losses,  costs  and  expenses exceeds
Seller's  Threshold  Limitation,  in which case Seller shall then be entitled to
indemnification  of  the  entire  aggregate  amount.

     9.5     INDEMNIFICATION  PROCEDURES.In  the event that an Indemnified Party
             ----------------------------
may  be entitled to indemnification hereunder with respect to any asserted claim
of,  or obligation or liability to, any third party, such party shall notify the
Indemnifying  Party  thereof,  describing  the  matters  involved  in reasonable
detail,  and  the  Indemnifying  Party  shall  be entitled to assume the defense
thereof  upon  written  notice  to the Indemnified Party with counsel reasonably
satisfactory  to the Indemnified Party; provided, that once the defense  thereof
is  assumed  by  the  Indemnifying  Party, the Indemnifying Party shall keep the
Indemnified  Party  advised  of  all developments in the defense thereof and any
related  litigation, and the Indemnified Party shall be entitled at all times to
participate in the defense thereof at its own expense. If the Indemnifying Party
fails  to  notify the Indemnified Party of its election to defend or contest its
obligation  to  indemnify  under this Article IX, the Indemnified Party may pay,
                                      ----------
compromise,  or  defend  such a claim without prejudice to any right it may have
hereunder.

                                    ARTICLE X
                                    ---------

                         TERMINATION; LIQUIDATED DAMAGES
                         -------------------------------

     10.1     TERMINATION.If  Closing  shall  not have previously occurred, this
              ------------
Agreement  shall  terminate  upon  the  earliest  of:

          (a)     the  giving  of  written  notice from Seller to Buyer, or from
Buyer  to  Seller,  if:

               (i)  Seller gives such termination notice and is not at such time
in  material default hereunder, or Buyer gives such termination notice and Buyer
is  not  at  such  time  in  material  default  hereunder;  and

               (ii)  Either:

                    (A)  any  of  the  representations  or  warranties contained
herein  of  Buyer  (if such termination notice is given by Seller), or of Seller
(if  such  termination  notice is given by Buyer), are inaccurate in any respect
and  materially  adverse  to the party giving such termination notice unless the
inaccuracy  has  been induced by or is the result of actions or omissions of the
party  giving  such  termination  notice;  or

                    (B)  Any  material  obligation  to be performed by Buyer (if
such  termination  notice  is given by Seller) or by Seller (if such termination
notice is given by Buyer) is not timely performed in any material respect unless
the  lack  of timely performance has been induced by or is the result of actions
or  omissions  of  the  party  giving  such  termination  notice;  or

                    (C)  Any  condition  (other  than  those  referred  to  in
foregoing  Clauses  (A)  and  (B))  to  the  obligation to close the transaction
           ------------       ---
contemplated  herein  of  the  party giving such termination notice has not been
timely  satisfied;  and  any  such  inaccuracy,  failure  to  perform  or
non-satisfaction  of  a  condition  neither  has been cured nor satisfied within
twenty  (20)  days  after  written  notice  thereof  from  the party giving such
termination  notice  nor  waived in writing by the party giving such termination
notice.

          (b)     Written  notice from Seller to Buyer, or from Buyer to Seller,
at  any  time  after one year from the date this Agreement is executed; provided
that  termination  shall not occur upon the giving of such termination notice by
Seller  if  Seller  is  at  such  time in material default hereunder or upon the
giving  of such termination notice by Buyer if Buyer is at such time in material
default  hereunder.

          (c)     Written  notice from Seller to Buyer, or from Buyer to Seller,
at  any  time  following  a  determination  by  the FCC that the application for
consent  to  assignment  of  the  FCC  Licenses has been designated for hearing;
provided  that  the  party which is the subject of the hearing (or whose alleged
actions  or  omissions resulted in the designation for hearing) may not elect to
terminate  under  this  subsection  (c).

          (d)     The  written  election  by  Buyer  under  Article  XI.
                                                            -----------

     10.2     OBLIGATIONS  UPON  TERMINATION.
              ------------------------------

          (a)  In  the  event  this  Agreement is terminated pursuant to Section
                                                                         -------
10.1(a)(ii)(A)  or  (B),  the  aggregate liability of Buyer for breach hereunder
   -----------      ---
shall be limited as provided in Subsections (c) and (e), below and the aggregate
                                -----------------------
liability  for  Seller  for  breach  hereunder  shall  be limited as provided in
Subsections  (d)  and  (e), below. In the event this Agreement is terminated for
      --------------------
any  other  reason,  neither  party  shall  have  any  liability  hereunder.

          (b)  Upon  termination  of  this Agreement, Buyer shall be entitled to
the return of the Earnest Money from the Escrow Agent under the Escrow Agreement
(i) if such termination is effected by Buyer's giving of valid written notice to
Seller  pursuant  to  Subsections  10.1(a),  (b)  (c)  or  (d),  or (ii) if such
                      ----------------------------------------
termination  is  effected  by  Seller's  giving of valid written notice to Buyer
pursuant to Subsections 10.1(a)(ii)(C), 10.1(b) or 10.1(c). If Buyer is entitled
            ----------------------------------------------
to  the return of the Earnest Money, Seller shall cooperate with Buyer in taking
such  action  as  is required under the Escrow Agreement in order to effect such
return  from  the  Escrow  Agent.

          (c)     If  this  Agreement  is terminated by Seller's giving of valid
written  notice  to  Buyer  pursuant  to Subsection 10.1(a)(ii)(A) or (B), Buyer
                                         --------------------------------
agrees  that  (i)  Buyer  shall  pay Seller upon such termination, as liquidated
damages  and  not as a penalty, the sum ("Liquidated Damages Amount") of (A) Two
Million  Dollars  ($2,000,000),  plus  (B) the amount of the Earnest Money; (ii)
Seller shall be entitled to collect the Liquidated Damages Amount by receiving a
disbursement  from the Escrow Agent equal to the Earnest Money; and (iii) Seller
shall  be  entitled  to pursue any other remedy available to Seller at law or in
equity  to recover the Liquidated Damages Amount from Buyer, provided that total
monetary  damages  to  which  Seller  shall  be  entitled  shall  not exceed the
Liquidated  Damages  Amount.  SELLER'S  RECEIPT OF THE LIQUIDATED DAMAGES AMOUNT
SHALL  CONSTITUTE PAYMENT OF LIQUIDATED DAMAGES HEREUNDER AND NOT A PENALTY, AND
SHALL  BE  SELLER'S SOLE REMEDY AT LAW OR IN EQUITY FOR BUYER'S BREACH HEREUNDER
IF  CLOSING DOES NOT OCCUR. BUYER AND SELLER EACH ACKNOWLEDGE AND AGREE THAT THE
LIQUIDATED  DAMAGE  AMOUNT  IS REASONABLE IN LIGHT OF THE ANTICIPATED HARM WHICH
WILL  BE  CAUSED BY BUYER'S BREACH OF THIS AGREEMENT, THE DIFFICULTY OF PROOF OF
LOSS,  THE  INCONVENIENCE AND NON-FEASIBILITY OF OTHERWISE OBTAINING AN ADEQUATE
REMEDY,  AND  THE  VALUE  OF  THE  TRANSACTION  TO  BE  CONSUMMATED  HEREUNDER.

          (d)     Notwithstanding  any  provision  of  this  Agreement  to  the
contrary, if this Agreement is terminated by Buyer's giving of written notice to
Seller  pursuant to Section 10.1(a) (ii) (A) or (B), Buyer shall not be entitled
                    --------------- ---------------
to  damages  or  indemnification  from  Seller.

          (e)     In  any  dispute between Buyer and Seller as to which party is
entitled  to  all  or a portion of the Earnest Money, the prevailing party shall
receive,  in  addition  to  that  portion  of  the  Earnest Money to which it is
entitled,  an  amount  equal  to interest on that portion at the rate of 10% per
annum,  calculated  from  the  date  the  prevailing party's demand for all or a
portion  of  the  Earnest  Money  is  received  by  the  Escrow  Agent.

     10.3     TERMINATION  NOTICE.Each  notice  given  by  a  party  pursuant to
              --------------------
Section  10.1  to  terminate  this  Agreement  shall specify the Subsection (and
      -------
clause  or  clauses  thereof)  of  Section 10.1 pursuant to which such notice is
                                   ------------
given.

                                   ARTICLE XI
                                   ----------

                                    CASUALTY
                                    --------

     Upon the occurrence of any casualty loss, damage or destruction material to
the  operation  of  the Station prior to the Closing, Seller shall promptly give
Buyer  written notice setting forth in detail the extent of such loss, damage or
destruction  and  the  cause  thereof  if known. Seller shall use its reasonable
efforts  to  promptly commence and thereafter to diligently proceed to repair or
replace  any  such  lost,  damaged or destroyed property. In the event that such
repair  or  replacement  is not fully completed prior to the Closing Date, Buyer
may  elect  to  postpone  the  Closing  until  Seller's  repairs have been fully
completed  or  to consummate the transactions contemplated hereby on the Closing
Date,  in  which event Seller shall assign to Buyer the portion of the insurance
proceeds  (less  all reasonable costs and expenses, including without limitation
attorney's  fees,  expenses  and  court costs incurred by Seller to collect such
amounts),  if  any,  not  previously expended by Seller to repair or replace the
damaged  or  destroyed  property  (such  assignment  of  proceeds  to take place
regardless  of  whether  the  parties close on the scheduled or deferred Closing
Date) and Buyer shall accept the damaged Sale Assets in their damaged condition.
In  the  event the loss, damage or destruction causes or  will cause the Station
to be off the air for more than seven (7) consecutive days or fifteen (15) total
days,  whether or not consecutive, then Buyer may elect either (i) to consummate
the  transactions contemplated hereby on the Closing Date, in which event Seller
shall assign to Buyer the portion of the insurance proceeds (less all reasonable
costs  and  expenses, including without limitation attorney's fees, expenses and
court costs, incurred by Seller to collect such amounts), if any, not previously
expended  by  Seller to repair or replace the damaged or destroyed property, and
Buyer  shall  accept the damaged Sale Assets in their damaged condition, or (ii)
to  terminate  this  Agreement.

                                   ARTICLE XII
                                   -----------

                               CONTROL OF STATION
                               ------------------

             Between  the  date  of  this  Agreement and the Closing Date, Buyer
shall  not  control, manage or supervise the operation of the Station or conduct
of its business, all of which shall remain the sole responsibility and under the
control  of  Seller,  subject  to  Seller's  compliance  with  this  Agreement.

                                  ARTICLE XIII
                                  ------------

                                  MISCELLANEOUS
                                  -------------

     13.1     FURTHER  ACTIONS.From  time  to  time  before,  at  and  after the
              -----------------
Closing,  each  party,  at  its  expense and without further consideration, will
execute  and  deliver  such  documents to the other party as the other party may
reasonably  request  in  order  more  effectively to consummate the transactions
contemplated  hereby.

     13.2     ACCESS  AFTER  THE CLOSING DATE.After the Closing and for a period
              --------------------------------
of twelve (12) months, Buyer shall provide Seller, Seller's counsel, accountants
and other representatives with reasonable access during normal business hours to
the books, records, property, personnel, contracts, commitments and documents of
the  Station pertaining to transactions occurring prior to the Closing Date when
requested  by  Seller,  and  Buyer  shall  retain such books and records for the
normal document retention period of Buyer. At the request and expense of Seller,
Buyer  shall  deliver  copies  of  any  such  books  and  records  to  Seller.

     13.3     PAYMENT  OF  EXPENSES.
              ---------------------

          (a)     Any  fees assessed in connection with the filings contemplated
by  Sections  5.2and 5.3 or consummation of the transactions contemplated hereby
    -------------   ----
shall  be  shared  equally  between  Seller  and  Buyer.

          (b)     All  state or local sales or use, stamp or transfer, grant and
other  similar taxes payable in connection with consummation of the transactions
contemplated hereby shall be paid by the party primarily liable under applicable
law  to  pay  such  tax.

          (c)     Except as otherwise expressly provided in this Agreement, each
of  the parties shall bear its own expenses, including the fees of any attorneys
and accountants engaged by such party, in connection with this Agreement and the
consummation  of  the  transactions  contemplated  herein.

     13.4     SPECIFIC PERFORMANCE. Seller acknowledges that the Station is of a
              --------------------
special,  unique,  and  extraordinary  character,  and  that  any breach of this
Agreement  by  Seller  could  not be compensated for by damages. Accordingly, if
Seller  shall  breach  its  obligations  under  this  Agreement,  Buyer shall be
entitled, in addition to any of the remedies that it may have, to enforcement of
this Agreement (subject to obtaining any required approval of the FCC) by decree
of  specific  performance  or  injunctive relief requiring Seller to fulfill its
obligations  under  this  Agreement. In any action by Buyer to equitably enforce
the  provisions  of this Agreement, Seller shall waive the defense that there is
an  adequate  remedy at law or equity and agrees that Buyer 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.

     13.5     NOTICES.  All  notices,  demands  or  other  communications  given
              -------
hereunder  shall  be  in writing and shall be sufficiently given if delivered by
courier  or  sent by registered or certified mail, first class, postage prepaid,
or  by  telex,  cable,  telegram,  facsimile machine or similar written means of
communication,  addressed  as  follows:

          (a)     If  to  Seller,  to:

Salem  Communications  Corporation
4880  Santa  Rosa  Road,  Suite  300
Camarillo,  CA  93012
Attention:  Edward  G.  Atsinger  III

     (b)     if  to  Buyer,  to:

               c/o  R.S.  Hinz
                                    25233  Anza  Drive
                                    Valencia,  CA  91355

or  such  other  address with respect to any party hereto as such party may from
time  to  time  notify  (as  provided above) to the other party hereto. Any such
notice,  demand  or  communication  shall be deemed to have been given (i) if so
mailed,  as  of  the  close  of  the third (3rd) business day following the date
mailed, and (ii) if personally delivered or otherwise sent as provided above, on
the  date  received.

     13.6   ENTIRE  AGREEMENT.This Agreement, the Schedules and Exhibits hereto,
            ------------------
and  the  other  Documents  constitute  the  entire  agreement and understanding
between  the  parties  hereto  with  respect  to  the  subject matter hereof and
supersede  any  prior  negotiations,  agreements, understandings or arrangements
between  the  parties  with  respect  to  the  subject  matter  hereof.

     13.7     BINDING EFFECT; BENEFITS.Except as otherwise provided herein, this
              -------------------------
Agreement  shall  inure to the benefit of and be binding upon the parties hereto
and  their  respective  successors  or  assigns

     13.8     ASSIGNMENT.This  Agreement  and  any rights hereunder shall not be
              -----------
assignable by either party hereto without the prior written consent of the other
party.

     13.9     GOVERNING  LAW.This Agreement shall in all respects be governed by
              ---------------
and  construed in accordance with the laws of the State of California, including
all  matters  of  construction,  validity  and  performance.

     13.10     BULK  SALES.Buyer  hereby  waives  compliance  by Seller with the
               ------------
provisions  of the Bulk Sales Act and similar laws of any state or jurisdiction,
if  applicable.  Seller shall, in accordance with Article IX, indemnify and hold
                                                  ----------
Buyer  harmless from and against any and all claims made against Buyer by reason
of  such  non-compliance.

     13.11     AMENDMENTS AND WAIVERS.No term or provision of this Agreement may
               -----------------------
be amended, waived, discharged or terminated orally but only by an instrument in
writing  signed  by  the  party  against whom the enforcement of such amendment,
waiver,  discharge  or  termination  is  sought

IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date
first  written.

<TABLE>
<CAPTION>

<S>                                    <C>
"SELLER"                               "BUYER "
SALEM MEDIA OF CALIFORNIA, INC.        HI-FAVOR BROADCASTING, LLC

By:/S/ Edward G. Atsinger III          By:/s/ R.S. Hinz
   --------------------------             ------------------------------------
Name:  Edward G. Atsinger III          R.S. Hinz, as Trustee of the Roland and
Title:  President                      Lila Hinz Living Trust UTD 12/16/86,
                                       Sole Member

</TABLE>

LIST OF SCHEDULES
-------------------

<TABLE>
<CAPTION>

<S>                                          <C>

SCHEDULE 3.6                                 Tangible Personal Property
SCHEDULE 3.7                                 FCC Licenses
SCHEDULE 3.8                                 Station Agreements

</TABLE>

**  Buyer and Seller shall use all commercially reasonable efforts to reasonably
agree  upon  Schedules  to this Agreement, drafts of which shall be delivered by
Seller  to  Buyer  on  or  before  July  7,  2000.<PAGE>

                                                              EXHIBIT 10.56

                           FIRST AMENDMENT TO LEASE

     THIS FIRST AMENDMENT TO LEASE is made and entered into on April 26, 2000
between EFAX.COM, a Delaware corporation, Tenant and Patterson Associates, LLC,
Landlord, with reference to the following facts:

                              RECITALS:
                              --------

     WHEREAS Landlord has lease approximately 5,168 square feet at the property
known as 5385 Hollister Avenue, a portion of Building 1, to Tenant pursuant to
that certain lease {"Lease") dated February 3, 2000.

     WHEREAS, Tenant and Landlord desire to expand the space covered by the
Lease by approximately 781 square feet. The adjusted area of the premises is
5,949 square feet and is further depicted by cross-hatching on Exhibit B
attached hereto and made a part hereof.

     NOW THEREFORE, in consideration of the foregoing, the benefits to be
derived by both parties hereto and other good and valuable consideration, the
receipts and sufficiency of which are hereby acknowledged by the parties
hereto, intending to be legally bound hereby, Tenant and Landlord hereby agree
the Lease shall incorporate the following offices, with terms, as follows:

Commencement
   Date        Offices     Square Feet   Monthly Rent  Total Monthly Rent
------------  ---------    -----------   ------------  ------------------
Existing      Existing     5,168         $6,031.06     $6,031.06
1/1/00        C132 & C128    503         $  589.00     $6,620.06
4/16/00       C124 & C129    278         $   325.00    $6,945.06
                           -----
                           5,949

     Lessor and Lessee agree that this Amendment and the Lease constitute all
agreements between the parties. In the event of a discrepancy between the Lease
and the terms of this Amendment, the terms of this Amendment shall prevail.

     IN WITNESS WHEREOF, the Lessee and Lessor have executed this Amendment as
of the date first written above.

                                LESSOR
                                Patterson Associates, LLC

                             by: /s/  Jeffrey C. Bermant
                                -------------------------
                                Name: Jeffrey C. Bermant
                                Title: Manager

                                LESSEE

                                eFax.com

                             by: /s/ Michael Crandell
                                --------------------------
                                 Name: Michael Crandell
                                 Title: Exec. V.P. Technology

<PAGE>   27

           [GRAPHIC OF FLOOR PLAN DEPICTED HERE]

<PAGE>   28

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