Big City Radio Acquires Publishing & Music Internet Assets With Presence in 50 U.S. Hispanic Markets.

Business Editors

NEW YORK--(BUSINESS WIRE)--Nov. 29, 2000

Big City Radio acquires the assets of United Publishers of Florida, Inc. (UPF), owner of Disco Magazine, and LatinMusicTrends.com and producers of Enterese, a leading U.S. Hispanic magazine. Big City Radio intends to merge its existing Internet operations together with the United Publishers publishing and Internet operations.

Disco Magazine is the leading Hispanic music trade magazine in the U.S., with over 160 radio stations reporting their music charts on a weekly basis both in the U.S. and in Puerto Rico. LatinMusicTrends.com is a Hispanic Music Internet website providing updated information on current music trends in over 50 Hispanic markets including all Hispanic music formats.

Enterese is one of the leading U.S. Hispanic entertainment magazines with a paid monthly circulation in excess of 47,000 copies.

Willie Blanco, President of United Publishers of Florida, Inc., was named President and Editor In Chief of Big City Radio's Internet and publishing division. "I am excited to join the growing Big City team," stated Blanco. "I believe that UPF assets together with the TodoAhora.com capabilities enable us to offer a highly attractive portfolio of print and internet products which complement the music and entertainment news-driven radio assets of Big City," he added.

Charles M. Fernandez, President and CEO of Big City Radio commented, "This acquisition gives Big City Radio a presence in print and Internet in over 50 U.S. Hispanic markets. Willie Blanco has over 17 years experience in Hispanic print media. His appointment is further evidence of our belief in innovation. The UPF acquisition, together with our recently announced formation of an in-house radio rep company, now gives us a unique distribution system incorporating radio properties and affiliates, print and internet media."

Big City Radio Inc. owns 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, Chicago and Phoenix, four of the largest radio markets in the U.S. 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 Inc. 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 government 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.