Farid Suleman, CEO of Infinity Broadcasting, Joins Forstmann Little as Special Limited Partner; Also Named Chief Executive Officer of Citadel Communications.

Business Editors

NEW YORK--(BUSINESS WIRE)--Feb. 20, 2002

Has Extensive Operating and Financial Experience

In Major Media Companies

Forstmann Little & Co. announced today that Farid Suleman has joined the firm as a Special Limited Partner.

He will focus on developing new investments and be involved with selected Forstmann Little portfolio companies. Suleman has also been named Chief Executive Officer of Citadel Communications Corporation and will join the Citadel Board of Directors. Lawrence R. Wilson will continue to serve as Chairman of Citadel and focus on acquisition opportunities.

Suleman has spent the past 16 years in increasingly senior management positions at some of the largest broadcasting and media companies in North America. He was most recently President and Chief Executive Officer of Infinity Broadcasting Corporation, the radio broadcasting and outdoor advertising division of Viacom Inc. and one of the largest radio broadcasters in the U.S. He was also Executive Vice President and Chief Financial Officer of Westwood One, the largest producer and distributor of news, talk, sports and entertainment radio programming in the United States. Suleman had previously been Executive Vice President and Chief Financial Officer of Infinity.

"Farid Suleman is a first-rate executive. His exceptional experience and breadth of knowledge will further strengthen the firm as we manage our current investments and seek new opportunities," said Theodore J. Forstmann, Senior Partner of Forstmann Little. "Farid's strong operating, financial and media industry experience, coupled with his proven ability to drive growth, make him the ideal leader to expand and take Citadel to the next level as a premier media company. We look forward to the many contributions he will bring to Forstmann Little in the years to come."

"I am extremely pleased to partner with Forstmann Little, a firm with an outstanding reputation for integrity and an exceptional track record of success," said Farid Suleman. "This is a wonderful entrepreneurial opportunity for me and I look forward to working with this talented group and to contributing to the firm's success in the years ahead."

Suleman added, "Working with Ted Forstmann and drawing on the firm's unparalleled expertise in helping companies maximize their potential provides an outstanding opportunity to leverage Citadel's existing assets as well as aggressively expand into new strategic growth markets."

Citadel Communications is a radio broadcaster focused primarily on acquiring, developing and operating radio stations in mid-sized markets throughout the United States. The Company owns or operates 140 FM and 65 AM radio stations in 42 markets, including clusters of four or more stations in 32 markets. Citadel was acquired by Forstmann Little in June 2001 in a transaction valued at approximately $2.0 billion.

Since 1978, Forstmann Little has made 29 acquisitions and significant equity investments, returning billions of dollars to its investors. The firm's best-known investments include Gulfstream Aerospace, General Instrument and Ziff-Davis Publishing. In addition to Citadel, current investments include Community Health Systems (NYSE: CYH), a leading rural hospital company; XO Communications, one of the world's fastest-growing providers of broadband communications services; McLeodUSA, the nation's largest independent competitive local exchange carrier; and Yankee Candle Company (NYSE: YCC), the leading designer, manufacturer, wholesaler and retailer of premium scented candles. The firm currently has approximately $2.3 billion in committed capital for future investments.