Earthworks Entertainment to Launch 24/7 Oldies Radio Network Featuring Super Jock Larry Lujack
20 Maggio 2009 - 3:00PM
Marketwired
Earthworks Entertainment, Inc. (PINKSHEETS: EWKS) announced today
that it has signed an agreement with Hit Parade Radio, Inc. to
launch a 24/7 Oldies Radio Network in Texas featuring Larry Lujack.
Earthworks Entertainment is making an equity investment in the
product and will be responsible for the operation and launch of the
concept across the USA scheduled for September 2009.
"I can't be happier than to work again with my long time friend
John Rook in the development of the Oldies Network," said
Earthworks CEO Steven Humphries. Rook and Humphries (then Steve
Rivers) worked together at KROY in Sacramento in the late 1970s
prior to Humphries joining the General Cinema radio group (former
owners of Z-93 Atlanta, KRBE-Houston, WGCL, Cleveland,
WIFI-Philadelphia and WEFM-Chicago) as the National Program
Director.
Rook added, "The oldies format will feature the legendary Larry
Lujack in prime time morning drive who worked with me at WLS and
WCFL in Chicago. The format will be based out of the DFW Metroplex,
with offices and studios located there."
Humphries added, "With the tough economic times ahead for the
broadcast industry, providing a quality live music format targeted
toward the 50+ audience (the same audience that embraces Rush
Limbaugh), Hit Parade radio is a natural for broadcasters that are
looking to cut cost, but at the same time provide a quality
programming product."
Rook commented, "On Hit Parade Radio, you'll hear artists that
you don't hear on other popular oldies radio formats. Our target is
the recession proof 50+ adult that has discretionary dollars to
spend."
Earthworks Entertainment is also in the process of negotiating
an affiliate relations and sales agreement with a major radio
network group to distribute Hit Parade Radio.
Hit Parade Radio President John Rook said, "Hall of Fame
inductee Larry Lujack was key to my success as a programmer. Steve
Humphries (aka Steve Rivers) played a big role in my success as a
consultant. Teaming them with others who have made major
contributions to radio is a home run for the Hit Parade
format."
Rook further stated, "We will be announcing additional major,
national recognized on-air talent in the near future."
Earthworks management expects to sign more than 100 stations in
the first 12 to 18 months, which will generate more than $5.0
million in revenue for the Hit Parade Radio Network. For a demo of
the programming log onto www.earthworksentertainment.com
The statements contained in this press release that are not
historical facts are forward-looking statements within the meaning
of Section 21E of the Securities Exchange Act of 1934 ("the
Securities Act"), as amended and the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements may be
identified by, among other things, the use of forward-looking
terminology such as "believes," "expects," "may," "will," "should,"
or "anticipates" or the negative thereof or other variations
thereon or comparable terminology, or by discussions of strategy
that involve risks and uncertainties. In particular, our statements
regarding the anticipated growth of the company from our subsidiary
divisions, the anticipated longer-term growth of our business, and
the timing of the projects and trends in future operating
performance are examples of such forward-looking statements. The
forward-looking statements include risks and uncertainties,
including, but not limited to, the timing of revenues due to the
uncertainty of market acceptance and other factors, including
general economic conditions, not within our control. The factors
discussed herein and expressed from time to time in our filings
with the Securities and Exchange Commission could cause actual
results to be materially different from those expressed in or
implied by such statements. The forward-looking statements are made
only as of the date of this filing and we undertake no obligation
to publicly update such forward-looking statements to reflect
subsequent events or circumstances.
Contact: Tom Derby 877-381-5720
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