Citadel Communications Acquires WHYL-AM/FM in Carlisle for $4.5 Million.

HARRISBURG, Pa. & TEMPE, Ariz.--(BUSINESS WIRE)--Nov. 5, 1998--

- Acquisition Creates Five-Station Harrisburg Cluster -

Citadel Communications Corporation (Nasdaq: CITC) (the Company), and its principal operating subsidiary, Citadel Broadcasting Company (Citadel), announced today that it has entered into a definitive agreement to acquire Zeve Broadcasting Co.'s WHYL AM/FM in Carlisle, Pennsylvania for $4.5 million. The acquisition expands Citadel's presence to five stations in the Harrisburg-Lebanon-Carlisle radio market, the nation's 73rd largest, where Citadel currently owns WRKZ-FM (Harrisburg), WQXAFM (Harrisburg) and WQXA-AM (York).

Commenting on the transaction, Citadel Chairman and Chief Executive Officer, Larry Wilson, stated, "Consistent with our strategy to build attractive station clusters in growing midsized markets, today's agreement provides Citadel the critical mass to better serve our listeners and advertisers in Central Pennsylvania. Lincoln Zeve, the present owner, has built his properties into powerful stations in his service area, and we are delighted that he will join Citadel and continue managing them as he has for more than nine years."

Lincoln Zeve, the founder and President of Zeve Broadcasting, added, "I've had a great nine-and-a-half year run as owner of these stations, and am looking forward to extending my involvement as part of the Citadel team. Citadel has an enviable track record of success in more than 20 mid-sized markets, and I'm confident that with Citadel's operating expertise and my continued on-site management, our partnership will enable these stations to reach new levels of success."

Completion of the transaction, expected to close in the first quarter of 1999, is subject to FCC approval and other customary closing conditions.

Citadel is a radio broadcasting company that, upon completion of pending transactions, will own or operate 81 FM and 37 AM radio stations concentrated in 22 mid-sized markets. The Company owns all of the issued and outstanding common stock of Citadel.

This news announcement contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Key risks are described in the Company's and Citadel's reports filed with the U.S. Securities and Exchange Commission. Readers should note that these statements may be impacted by several factors, including economic changes and changes in the radio broadcast industry generally and, accordingly, the Company's and Citadel's actual performance and results may vary from those stated herein and the Company and Citadel undertake no obligation to update the information contained herein.