ACME Communications Completes Purchase of WBUW-TV, Madison, Wisconsin.Business Editors & Entertainment Writers SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Jan. 2, 2003 ACME Communications ACME Communications (NASDAQ: ACME) is a television broadcasting company that owns seven television stations. Six stations are CW Television Network affiliates. The seventh, part of a duopoly in Albuquerque, New Mexico, is a MyNetworkTV affiliate. , Inc. (Nasdaq:ACME), announced today that it completed its previously announced purchase of WBUW-TV, serving Madison, Wisconsin, on Tuesday, December 31, 2002. Madison is the nation's 85th largest television market comprised of approximately 349,000 households. About ACME Communications, Inc. ACME Communications, Inc. owns and operates 11 television stations serving markets covering 5.4% of the nation's television households. The Company is one of the largest affiliates of The WB Television Network. ACME's stations are: KPLR-TV, St. Louis, MO; KWBP-TV, Portland, OR; KUWB-TV, Salt Lake City, UT; KWBQ-TV and KASY-TV, Albuquerque-Santa Fe, NM; WBDT-TV, Dayton, OH; WBXX-TV, Knoxville, TN; WIWB-TV, Green Bay-Appleton, WI; WBUI-TV, Champaign-Springfield-Decatur, IL; WTVK-TV, Ft. Myers-Naples, FL.; WBUW-TV, Madison, WI. All of the Company's stations, except KASY-TV, a UPN UPN User Principal Name (Microsoft Windows 2000) UPN United Paramount Network UPN Unión del Pueblo Navarro (Navarrese People Union) UPN Umgekehrte Polnische Notation affiliate, are WB Network affiliates. On December 30, 2002, the Company announced that it had agreed to sell its St. Louis and Portland stations to Tribune Company. The sale, which is subject to regulatory approvals, is expected to close by the end of March 2003. ACME's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. is also a founder and CEO of The WB Television Network and serves as Chairman and CEO of AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner's Turner TV Networks. ACME's shares are traded on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol: ACME. For more information, please contact either: Tom Allen Executive Vice President and Chief Financial Officer ACME Communications, Inc. 714/245-9499 or Todd St. Onge Brainerd Communicators, Inc. 212/986-6667 |
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