Lynch Interactive Corporation Announces Agreement to Acquire Cable Systems in Utah and Grant of FCC Auction 49 Licenses.

Entertainment Editors/Business Editors

RYE, N.Y.--(BUSINESS WIRE)--Nov. 14, 2003

Lynch Interactive Corporation (AMEX: LIC) announced today that its subsidiary Central Telecom Services, LLC, based in Fairview, Utah, has entered into an agreement to acquire eight cable television systems located in central Utah from LB Cable LLC. The acquisition is expected to occur in early January 2004. With the addition of these 1,300 cable subscribers, Lynch Interactive will expand its cable services to over 4,000 customers. Central Telecom Services and its affiliates, including Central Utah Telephone Company, offer Internet and telephone services and will be well positioned to promote additional services to their new and existing customer base.

Eddie Cox, the General Manager of Central Utah Telephone, commented that "we are very excited by the acquisition of these cable systems. We look forward to providing an outstanding level of service to our new customers and expanding our presence in the central Utah area."

Lynch Interactive also announced today that the Federal Communications Commission has granted, subject to timely payment, Lynch 3G Communications Corporation, a wholly-owned subsidiary, four licenses from the Lower 700 MHz Auction No. 49 in the following markets: Dubuque, IA, Gogebic, MI, San Juan, NM, and Chautauqua, NY. The total amount to be paid for these licenses is $620,000 and the total population covered by these licenses is approximately 1.1 million. Each license represents 12 MHz of spectrum. Together with the Auction No. 44 licenses purchased by the Company (Reno, NV, Santa Barbara, CA, Des Moines, IA, Quad Cities area of Davenport and Bettendorf, IA, and Rock Island and Moline, IL, Las Cruses, NM, Elmira, NY; and two RSAs in the western part of New Mexico), the Company will have a total of twelve licenses in the Lower 700 MHz band covering a total population of approximately 2.8 million.

Interactive is a holding company with subsidiaries in multimedia and actively seeks acquisitions, principally in existing business areas. Interactive's World Wide Web address is http://www.lynchinteractivecorp.com.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Although Lynch Interactive believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Lynch Interactive or any other person that the objectives and plans of Lynch Interactive will be achieved.