Light Media Replaces Citadel Broadcasting on RBR-TVBR Stock Index
18 Ottobre 2011 - 3:25PM
Marketwired
Light Media (PINKSHEETS: LGMH), Inspirational Media Specialist,
announced today that it has officially replaced Citadel
Broadcasting, (Citadel being recently acquired by Cumulus for
$2.6bln), as the 20th publicly-traded radio/media conglomerate in
the United States, out of 14,000 publicly-traded firms, joining the
ranks of such media behemoths as Radio-One, Beasley Broadcasting
and Salem Communications on the prestigious RBR-TVBR Media Stock
Index. Please see chart for a full listing of RBR/TVBR Media
Stocks, or click the following link to view online:
http://www.rbr.com/media-news/stocks/three-day-winning-streak-snapped-9-28-11.html.
Light Media effectively replaced Citadel Broadcasting on the
RBR-TVBR Media Stocks Index on September 28, 2011.
"RBR-TVBR is read and followed by media executives and investors
nationwide, as a key source of information for radio and tv trends
and opportunities. With BIA/Kelsey Media Research Group estimating
Radio Revenues to grow to $16.6 Billion by 2014, Light Media
believes that its strategy to acquire additional radio stations and
create synergy via integrated and diverse media platforms bodes
well for the future; and replacing Citadel on the RBR-TVBR Media
Stock Index serves as a key stepping stone for stock tier upgrade
to (OTCQB). Light Media is also exploring a program whereby the
company would buy back shares (public float: 7,050,000 shares), at
anytime, to ensure consistency between price per share and
asset/market value. These goals are on par with the company's focus
to create shareholder value and limit dilution, via a steadfast and
focused plan of investing and reinvesting strategically to build
and grow what is now the 20th publicly-traded radio/media
conglomerate in the USA and newest addition to the RBR-TVBR Media
Stock Index," stated Danny Wilson, CEO of Light Media.
About Light Media:
Light Media (PINKSHEETS: LGMH), Inspirational Media Specialist,
markets, produces and distributes inspirational music, video, video
games, print media and entertainment in the Urban Media space
through its network of radio, Internet, television, print and
special events global business platforms and marketing and alliance
partners. For more information, please visit:
www.LightMediaHoldings.com or www.InvaluableMedia.com. Light Media
Capitalization Structure, as of Q3 (2011): Common Shares Issued:
38,273,500; Common Shares Float; 7,050,000; Common Shares
Authorized: 100,000,000. DTCC eligibility application filed.
About Power 105.5... The King:
Light Media's (PINKSHEETS: LGMH) first FM Radio Station. Power
105.5... The King is located in Albany, GA, with music format being
an eclectic mix of: Holy Hip Hop and Contemporary
Gospel music. For more information, please visit:
www.Power105TheKing.com. To listen live (via the Internet --
outside of Metro Albany, GA (24/7), please visit:
www.lifestream.tv/theking (Click 'Play' button to stream online or
on your cellphone or digital device). Follow us on Facebook and
Twitter at:
http://www.facebook.com/pages/Power-105-the-King/108191729261111;
and http://twitter.com/#!/power105theking
Cautionary Note Regarding Forward-Looking
Statements:
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of Light Media (PINKSHEETS: LGMH) and members
of its management as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements.
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