Exhibit 99.1

For Immediate Release

CMP Susquehanna Radio Holdings Corp. and CMP Susquehanna Corp.
Announce Acceptance of $175.46 Million of Notes in Previously Announced Exchange Offer

Atlanta, Georgia — March 26, 2009 — CMP Susquehanna Radio Holdings Corp. (the “Company”) announced today that CMP Susquehanna Corp. (“CMPSC”), a wholly owned subsidiary of the Company, had accepted for exchange, and issued the new securities being exchanged for, all $175,464,000 aggregate principal amount of outstanding 9 7/8% Senior Subordinated Notes due 2014 of CMPSC (the “Existing Notes”) that were tendered for exchange in the Company’s and CMPSC’s previously announced exchange offer prior to the early participation premium deadline of 5:00 p.m., New York City time, on March 24, 2009 (such date and time, the “Early Participation Deadline”). The Existing Notes accepted for exchange (the “Early Participation Notes”) constitute 93.5% of the total principal amount of Existing Notes outstanding at the commencement of the exchange offer. The Company and CMPSC have waived, with the consent of each holder of Existing Notes that entered into a lock-up agreement with the Company and CMPSC prior to the commencement of the exchange offer, the condition that 98% of the aggregate principal amount of the Existing Notes must be tendered prior to the completion of the exchange offer.

After giving effect to the acceptance of, and the issuance of the new securities being exchanged for, all of the Existing Notes tendered by the Early Participation Deadline, as of March 26, 2009, the Company has reduced the amount of outstanding principal amount of the Existing Notes from $187.6 million to $12.1 million.

The exchange offer and consent solicitation is still set to expire at 12:00 midnight, New York City time, on April 3, 2009 (such date and time, the “Expiration Time”), unless extended or earlier terminated by the Company and CMPSC. Eligible Holders of outstanding Existing Notes who did not tender prior to the Early Participation Deadline still have the opportunity to tender their Existing Notes, in accordance with the terms and conditions of the Exchange Offer, if they do so prior to the Expiration Time.

The exchange offer and consent solicitation are only being made, and copies of the exchange offer documents have only been made available, to holders of Existing Notes that have certified certain matters to CMPSC, including their status as either “qualified institutional buyers,” as that term is defined in Rule 144A under the Securities Act of 1933, or persons other than “U.S. persons,” as that term is defined in Rule 902 under the Securities Act of 1933 (collectively, “Eligible Holders”).

The Company and CMPSC are offering to exchange all of the outstanding Existing Notes held by Eligible Holders in exchange for (1) up to $15 million aggregate principal amount of Variable Rate Senior Subordinated Secured Second Lien Notes due 2014 of CMPSC (the “New Notes”), (2) up to $35 million in shares of Series A preferred stock of the Company (the “New Preferred Stock”), and (3) warrants exercisable for shares of the Company’s common stock representing, in the aggregate, up to 40% of the outstanding common stock on a fully diluted basis (the “New Warrants” and, with the New Notes and New Preferred Stock, the “New Securities”).

Holders of Early Participation Notes received the total exchange amount set forth below for each $1,000 in principal amount of Early Participation Notes:


		Total Exchange Amount
Principal Exchange Amount	Early Participation Amount	(Includes Early Participation Amount)

$63.97 in New Notes	$15.99 in New Notes	$79.96 in New Notes

$149.26 in shares of New Preferred Stock	$37.31 in shares of New Preferred Stock	$186.57 in shares of New Preferred Stock

New Warrants exercisable for 17.06 shares of the Company’s common Stock	New Warrants exercisable for 4.26 shares of the Company’s common Stock	New Warrants exercisable for 21.32 shares of the Company’s common Stock

Eligible Holders of Existing Notes that did not validly tender their Existing Notes prior to the Early Participation Deadline but validly tender their Existing Notes prior to the Expiration Time, and whose notes are accepted for exchange, will receive the principal exchange amount but not the early participation amount.

The following aggregate amounts of New Securities were issued today in exchange for the Early Participation Notes accepted for exchange:


New Notes	New Preferred Stock	New Warrants

$14,031,000 aggregate principal amount	3,273,633 shares	3,740,893 shares of the Company’s common stock

Concurrently with the exchange offer, CMPSC is soliciting consents from Eligible Holders to amendments to the indenture governing the Existing Notes (the “Indenture”) that eliminate substantially all of the restrictive covenants, certain events of default and other related provisions in the Indenture. Each Eligible Holder of Early Participation Notes provided its consent to the amendments with respect to those notes. Consequently, CMPSC, the guarantors named in the Indenture and the trustee under the Indenture executed a supplemental indenture (the “Supplemental Indenture”) that gives effect to those amendments. Holders of Existing Notes that do not tender their Existing Notes in the exchange offer will be bound by the Indenture as it has been supplemented by the Supplemental Indenture.

Eligible Holders may request documents by contacting the information agent for the exchange offer and consent solicitation, Global Bondholders Services Corporation, at (toll-free) 866-873-7700.

Additional details regarding the exchange offer and consent solicitation are available in the Company’s Current Report on Form 8-K filed March 9, 2009 with the Securities and Exchange Commission.

The New Securities have not been and are not expected to be registered under the Securities Act of 1933 or any state securities laws. Therefore, the New Securities may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements of the Securities Act of 1933 and any applicable state securities laws. Further, the New Warrants may only be offered or sold to qualified institutional buyers in reliance on Rule 144A under the Securities Act or to persons in offshore transactions in reliance on Regulation S under the Securities Act.

This press release shall not constitute an offer to purchase any securities or a solicitation of an offer to sell any securities and is issued pursuant to Rule 135c under the Securities Act of 1933. The exchange offer is being made only pursuant to a confidential offering memorandum and consent solicitation statement and related letter of transmittal and consent and only to such persons and in such jurisdictions as is permitted under applicable law.

Certain statements in this release may constitute “forward-looking” statements, which are statements that involve risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from the results expressed or implied in these forward-looking statements, due to various risks, uncertainties or other factors. These factors include, but are not limited to, competition within the radio broadcasting industry, advertising demand in the Company’s markets, the possibility that advertisers may cancel or postpone schedules in response to national or world events, competition for audience share, the Company’s success in executing and integrating acquisitions, its ability to generate sufficient cash flow to meet its debt service obligations and finance operations, and other risk factors described from time to time in the Company’s filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2007. The Company assumes no responsibility to update the forward-looking statements contained in this release as a result of new information, future events or otherwise.

CMP Susquehanna Radio Holdings Corp. is the third-largest privately owned radio broadcasting company in the United States and is believed to be the tenth largest radio broadcasting company overall in the United States based on 2008 revenues. The Company owns 32 radio stations, of which it operates 23 FM and 9 AM revenue generating stations in 9 metropolitan market in the United States. The Company’s headquarters are in Atlanta, Georgia.


For additional information, contact:		Marty Gausvik, Cumulus Media Inc. (404) 949-0700 Global Bondholder Services Corporation (866) 873-7700

CMP Susquehanna Radio Holdings Corp. 8-K