FOR IMMEDIATE RELEASE: July 14, 2008

Bonten Media Group to Acquire CBS Affiliate WTVF-TV, Nashville, from Landmark Communications Inc.

New York, NY - Bonten Media Group Inc. today announced that it has entered into a definitive agreement to acquire NewsChannel 5 Network, LLC, the owner and operator of CBS affiliate WTVF-TV in Nashville, TN, from entities owned by Landmark Communications. Terms of the transaction were not disclosed.

Bonten Media Group is a leading television broadcasting company that currently operates sixteen* full power, low power and digital television stations in eight markets across the United States. Bonten Media Group was formed in 2006 by Diamond Castle Holdings, LLC, a New York based private equity firm with $1.85 billion of capital under management, and Randall D. (Randy) Bongarten, a veteran broadcasting executive and former President of Emmis Television, as a platform to acquire and operate local television stations.

"We are thrilled to add WTVF, a market-leading CBS affiliate, to Bonten Media Group's portfolio of high performing television stations," said Randy Bongarten, Chairman and CEO of Bonten Media Group. "This acquisition reflects our confidence in the future of WTVF in particular and of local television in general. We are strong believers in television as the most powerful advertising medium to reach local audiences. WTVF's management team and employees have done a fantastic job developing and managing a strong operation that is well-positioned for continued success."

David Wittels, co-Founder and Senior Managing Director of Diamond Castle, said, "The acquisition of WTVF, our third acquisition since we formed Bonten Media Group, fits perfectly with our strategy of acquiring leading network affiliated stations in attractive markets with strong news positions and opportunities for growth. We have been delighted with our partnership with Randy and his team and look forward to continuing to grow our portfolio of stations, both organically as well as through additional acquisitions."

Lehman Brothers has agreed to provide the debt financing for the transaction. The equity portion of the purchase price has been committed by Diamond Castle Partners IV, L.P. and related entities. UBS Investment Bank acted as financial advisor to Bonten Media Group. The acquisition is subject to approval by the Federal Communications Commission and other customary conditions, and is expected to close within 90 days.

About Bonten Media Group

Bonten Media Group was formed in November 2006 by Diamond Castle Holdings, LLC and Randy Bongarten for the purpose of acquiring and operating local television stations in the United States. Bonten Media Group currently operates sixteen* full power, low power and digital television stations in eight markets, including: WCYB (NBC), WEMT* (FOX) and CW-4 (CW-DT), Tri-Cities, TN/VA; WCTI (ABC), WFXI/WYDO* (FOX) and ENC-TV (IND-DT), Greenville-New Bern, NC; KRCR (ABC), Chico-Redding, CA; KTXS (ABC), KTES-LP (Telemundo) and CW Abilene (CW-DT), Abilene, TX; KECI/KCFW (NBC), Missoula, MT; KTVM (NBC), Butte-Bozeman, MT; KTXE-LP (ABC), San Angelo, TX; and KAEF (ABC), Eureka, CA.

About Diamond Castle Holdings, LLC

Diamond Castle Holdings, LLC is a private equity firm with over $1.85 billion of committed capital under management. Founded in 2004, Diamond Castle specializes in leveraged buyouts, growth capital and equity-like investments in both public and private companies. Diamond Castle targets investments in the following industry sectors: media and communications, energy and power, financial services, healthcare and diversified industries. Diamond Castle has 25 employees located in New York, New York. For more information please visit http://www.dchold.com.

Contact: Randall D. (Randy) Bongarten
Phone: (212) 710-7770
Email: rbongarten@bontenmedia.com

*Bonten Media Group operates WEMT and WFXI/WYDO via JSA/JOA agreements with Esteem Broadcasting.