Wonder if this will mean any changes to the LPFM broadcasts of George
around the country.


MEDIA RELEASE

FOR IMMEDIATE RELEASE

Monday, 16 February 2009

MEDIAWORKS ACQUIRES GEORGE FM

MediaWorks Radio has acquired the Auckland based radio station George
FM, and also leased the Auckland frequency 96.8FM which the station
broadcasts on. The agreement is between MediaWorks Radio and the urban
Maori authorities; the Manukau Urban Maori Authority (MUMA) and the
Waipareira Trust.

Announcing the arrangement, MUMA Chief Executive Officer Willie Jackson
said: “There is a strong, ongoing relationship between the urban Maori
authorities and MediaWorks. John Tamihere, CEO for Waipareira, and
myself have worked for MediaWorks as talkback hosts for three years now
they are aware of the many commitments that John and I have outside of
RadioLIVE and they have been tremendously supportive of our work. We
will all be working together to ensure Maori language and cultural
objectives on George FM continue to be met,” Mr Jackson said.

MediaWorks Chief Executive Brent Impey said his organisation is also
keen to maintain the cultural and language commitments of the George FM
brand.

“George FM is an urban, dance format station with a proud cultural
heritage. It complements many of our key radio brands, including Mai FM,
The Edge, The Rock and More FM,” said Mr Impey.

“We are keen to retain the station’s successful format and fully support
commitments the station has to fostering the Maori language and
culture,” he said.

The transaction also includes transmission equipment for a number of low
powered FM frequencies throughout the country.

George FM Manager Jef Kay has agreed to stay on for a three month
transition period, during which time MediaWorks executive Emily Turnbull
will assume management responsibilities at the station. Emily Turnbull
has recently returned from London where she worked in radio and
agencies. Prior to that Emily project managed the nationwide rollout of
the More FM brand and the launch of RadioLIVE. There are no other
changes to staffing as a result of the change in ownership.

The purchase is for an undisclosed amount, and is effective 28 February
2009.

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MediaWorks NZ Limited is a subsidiary of HT Media Holdings Limited.

MediaWorks (website: mediaworks.co.nz) is New Zealand’s leading private
sector broadcast and online media company.

Through its specialist divisions – MediaWorks TV, MediaWorks Radio and
MediaWorks Interactive, it owns and operates the TV3 and C4 television
networks, national radio brands The Edge, The Rock, More FM, Kiwi FM,
RadioLIVE, BSport, Solid Gold, The Breeze and Mai FM plus several local
radio stations, and a family of websites.

For further information:

Sussan Turner, Chief Operating Officer, MediaWorks Radio. Phone 021 376 242

Released by Roger Beaumont, Director of Marketing & Communications,
MediaWorks. Phone 021 822 296

Kris Bainbridge
Programme Director, Twisted Radio
107.7 Auckland, 107.5 Hamilton
m 021 122 1843 w twisted.co.nz