---FOR IMMEDIATE RELEASE---
October 31, 2005

WESTWOOD ONE / POP RADIO, LP ANNOUNCE PARTNERSHIP

Exclusive sales agreement

In a transaction which was closed on October 31, 2005, Westwood One (NYSE:WON) acquired a substantial equity interest in POP Radio, LP. As a part of the agreement Westwood One was granted exclusive sales rights for POP Radio.

Dick Foreman of Richard A. Foreman Associates, Inc. served as exclusive broker in the transaction and advisor to POP Radio, LP.