Big City Radio Signs Agreements to Capitalize on Another Chicago Opportunity; Company Moves to Establish a Second Set of Synchronized Radio Stations In Chicago Market.

NEW YORK--(BUSINESS WIRE)--April 20, 1998--Big City Radio, Inc. (YFM:Amex) today announced the signing of agreements to acquire Chicago area radio stations which will be engineered using the Company's Synchronized Total Market Coverage technology (STMC) to create Big City Radio's second set of radio stations in the Chicago market. Terms of the agreements were not disclosed.

Upon completion of the acquisition, Big City Radio's second set of Chicago stations will be synchronized on Chicago's 92.7 FM frequency and, after the complete implementation of the Company's STMC technology, will broadcast to over 90% of Chicago's Arbitron population. Big City Radio already owns and operates Chicago's "Classic Pop" formatted station "FM103.1, Chicago - Heart and Soul", which is in the process of undergoing STMC implementation, and should broadcast to over 90% of Chicago's Arbitron population in the near future. Arbitron is considered a leading independent provider of radio station ratings to the advertising community.

Michael Kakoyiannis, President and Chief Executive Officer of Big City Radio, said "These acquisitions, in conjunction with our already existing Chicago properties, will enable Big City Radio to further leverage ratings and revenue in the third largest radio market in America." The Chicago area radio stations that agreed to be acquired are WCBR-FM, Arlington Heights, IL; WLRT-FM, Kankakee, IL; and WDEK-FM/WLBK-AM, DeKalb, IL. Big City Radio expects to own these stations upon receipt of FCC approval.

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. -0-

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.

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