Big City Radio Acquires Fourth Signal for New York Country Station Y-107.

NEW YORK--(BUSINESS WIRE)--April 27, 1998--Big City Radio, Inc. (YFM:Amex) today announced the signing of an agreement to acquire WRNJ-FM, Belvidere, NJ, which will become the fourth station in the Company's New York area New Country Y-107. WRNJ-FM, which broadcasts at 107.1, was purchased from Radio New Jersey, Inc. for an undisclosed sum.

Michael Kakoyiannis, President and Chief Executive Officer of Big City Radio, said "This strategic acquisition should magnify Big City Radio's benefits from future FCC rulings that allow for additional signal upgrades, and should enable our New York area country music station to almost immediately expand its penetration in Northwestern New Jersey--a strong area for the country format and an area where traditional New York stations have limited coverage. We anticipate that this will make the station more attractive to advertisers, thereby potentially increasing our New York station's ratings and revenue."

Coincident with the signing of the acquisition agreement, Big City Radio and Radio New Jersey entered into a Local Marketing Agreement (LMA) that enables Big City Radio to immediately begin broadcasting New Country Y-107's country music programming on WRNJ-FM. Upon the completion of the transaction, Big City Radio will further integrate WRNJ-FM by applying the Company's Synchronized Total Market Coverage (STMC) technology. The Company anticipates that the STMC integration of WRNJ-FM will be completed by the end of the second quarter.

Big City Radio is currently implementing its Synchronized Total Market Coverage (STMC) technology on three Company-owned radio stations in the New York metro area, three in the Los Angeles metro area, and two in the Chicago metro area. The Company's properties include New York's WWVY-FM, WWXY-FM, and WWZY-FM, all trimulcasting on 107.1 FM to form "New Country Y-107"; New York's news/talk WRKL-AM, Rockland County; Los Angeles' KLYY-FM, KSYY-FM and KVYY-FM, all trimulcasting on 107.1 FM to form "Southern California's Modern Rock Y-107", and Chicago's WXXY-FM and WYXX-FM, simulcasting on 103.1 FM to form "FM103.1, Chicago - Heart and Soul".

Big City Radio recently announced acquisition agreements that would enable the Company to establish a second set of synchronized radio stations in the Chicago market.

Big City Radio, Inc. acquires radio broadcast properties in or adjacent to major metropolitan markets and utilizes innovative engineering techniques and low-cost, ratings-driven operating strategies to develop these properties into successful metropolitan radio stations. Big City Radio currently owns and operates radio stations in New York, Los Angeles, and Chicago, the three largest radio markets in the United States. Stuart Subotnick, Chairman of Big City Radio, Inc. and a general partner of Metromedia Company, is a majority shareholder of the Company's Common Stock.

Statements in this news release relating to matters that are not historical facts are forward-looking statements. Such forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Big City Radio to be materially different from those expressed or implied by such forward-looking statements. Such factors include shifts in population and other demographics, changes in audience tastes, the level of competition for advertising dollars, priorities of advertisers, fluctuations in operating costs, new laws and governmental regulations and policies, changes in broadcast technical requirements, changes in the willingness of financial institutions and other lenders to finance radio station acquisitions and operations, and other factors which are described in the Company's Securities and Exchange Commission filings.

CONTACT: Media Contact:

New Country Y-107

Jason Steinberg, 914/592-1071

or

Investor Contact:

G. A. Kraut Company

Eric Leeds, 212/696-5600