ATLANTA, GA--(Marketwire - Oct 18, 2011) - 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.
