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Cox Radio Inc.




Cox Radio Inc is one of the largest radio broadcasting companies in the United States based on revenues. The Company operates, acquires and develops radio stations primarily in markets ranked 10 to 70 based on revenues. A majority of the Company's stations are concentrated in the Sunbelt.
 
Their development philosophy includes a clustering strategy while maintaining a solid station mix across high growth areas. Clustering allows them to serve a broader, more diverse audience and become more involved in they communities with maximum economies of scale. Mixing developing, start up and mature stations allow them to pursue both expansion and cash flow consistency.

They believe in the value of relationships. They view every client relationship like a partnership and truly believe that their success is a result of your success. They are committed to providing close and personal attention to their clients. They take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen. Their continual investment of time and resources in professional continuing education, state of the art computer technology and extensive business relationships is indicative of their commitment to
excellence.

Net income includes a charge of 13.9 million dollars related to the cumulative effect of an accounting change resulting from adoption of Statement of Financial Accounting Standards Goodwill and Other Intangible Assets. Net income for 2001 includes a charge of 0.8 million dollars related to the cumulative effect of an accounting change resulting from adoption of accounting for Derivative Instruments and Hedging Activities.  Intangible assets include FCC licenses, goodwill and other intangible assets.
 
They pride themselves on turning one time customers into long term clients. Experience has proven that by empowering their account executives to deploy whatever resources are both logical and reasonable in providing the advertising and marketing solutions needed to help promotional strategies succeed, their roster of long term clients continues to grow.

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