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CHILDREN'S BROADCASTING CORP. FINALIZES AGREEMENT WITH CHILDREN'S RADIO NETWORK

 MINNEAPOLIS, Jan. 22 /PRNewswire/ -- Children's Broadcasting Corp. (CBC) has acquired all intellectual property rights of Children's Radio Network, as announced today by Christopher T. Dahl, president of CBC. CBC is the parent corporation of Children's Satellite Network, also known as Radio AAHS, which broadcasts 24- hour-a-day children's programming from the flagship station in Minneapolis, WWTC (1280 AM). The acquisition of CRN's property, along with the sette?ment of all outstanding claims, represents the final step in securing Radio AAHS' format and programming.
 Launched on May 12, 1990, Radio AAHS has met with tremendous success in Minneapolis. On Oct. 1, 1992, Radio AAHS became part of the Children's Satellite Network, which began broadcasting to affiliates nationwide. Current markets include Abilene, Texas; Phoenix; Denver; Salt Lake City; St. Louis; and Washington. CBC is a publicly-traded company listed under the symbol CHBD in the Minneapolis/St. Paul over-the-counter market.
 -0- 1/22/93
 /CONTACT: Christopher T. Dahl, president of Children's Broadcasting Corp., 612-926-1280; or Leslie Zeller of Wilkinson/Lipsman, 213-651-0852, for Children's Broadcasting Corp./


CO: Children's Broadcasting Corp.; Children's Radio Network ST: Minnesota IN: ENT SU: TNM

MS-BP -- LA017 -- 7996 01/22/93 14:55 EST
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Publication:PR Newswire
Date:Jan 22, 1993
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