U.S. SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE NO. 17455 / April 3, 2002

   Securities and Exchange Commission v. Scott K. Ginsburg, Mark J.
   Ginsburg and Jordan E. Ginsburg, Civil Action No. 99-8694-CIV-RYSKAMP
   (S.D. Fla. West Palm Beach Div.)

   TWO DEFENDANTS SETTLE SEC'S INSIDER TRADING CHARGES BY AGREEING TO PAY
   OVER $4.7 MILLION IN DISGORGEMENT AND PENALTIES

   The Securities and Exchange Commission announced that on March 30,
   2002, Judge Kenneth L. Ryskamp of the Southern District of Florida
   signed final judgments against Mark J. Ginsburg and Jordan E. Ginsburg
   requiring, among other things, payment of over $4.7 million in
   settlement of the Commission's charges of illegal insider trading
   against them.

   In its complaint, filed on September 9, 1999, the SEC alleges that
   Mark Ginsburg's brother, then a CEO of a radio company, tipped Mark
   Ginsburg with information that EZ Communications, Inc. was for sale in
   July 1996 and that Mark Ginsburg purchased EZ stock and tipped their
   father, Jordan Ginsburg, who also purchased EZ stock prior to the
   announcement of the sale of EZ to American Radio Systems, Inc. The
   SEC's complaint also alleges that, less than a year later, in June
   1997, his brother also tipped Mark Ginsburg with information about the
   sale of Katz Media Group, Inc. at a time when substantial steps had
   been taken by Chancellor Broadcasting and Evergreen Media towards a
   joint tender offer for the shares of Katz Media. According to the
   complaint, Mark Ginsburg purchased 150,000 shares of Katz Media the
   day after receiving the tip from his brother.

   Without admitting or denying the SEC's allegations, Mark Ginsburg and
   Jordan Ginsburg settled the SEC's insider trading charges against them
   by consenting to the entry of final judgments, which (1) permanently
   enjoins Mark Ginsburg against violations of Sections 10(b) and 14(e)
   of the Securities Exchange Act of 1934 ("Exchange Act") and Rules
   10b-5 and 14e-3 thereunder, and requires him to pay disgorgement,
   prejudgment interest, and a civil money penalty pursuant to Section
   21A of the Exchange Act in the total amount of $3,695,902.35; and (2)
   permanently enjoins Jordan Ginsburg against violations of Section
   10(b) of the Exchange Act and Rule 10b-5 thereunder, and requires him
   to pay disgorgement, prejudgment interest, and a civil money penalty
   pursuant to Section 21A of the Exchange Act in the total amount of
   $1,060,647.95.

   The SEC is continuing to litigate against the remaining defendant in
   this case. The SEC acknowledges the valuable assistance provided by