June 3, 2005

Deutsche Bank analyst James Dix initiates coverage of twelve radio broadcasting, TV broadcasting and satellite radio stocks

Deutsche Bank Securities Inc. today announced that analyst James Dix has initiated coverage of the following twelve companies within the radio broadcasting, TV broadcasting and satellite radio sectors: ACME Communications (Nasdaq: ACME), Beasley Broadcast Group (Nasdaq: BBGI), Clear Channel Communications (NYSE: CCU), Entercom Communications (NYSE: ETM), Entravision (NYSE: EVC), Hearst-Argyle Television (NYSE: HTV), LIN TV (NYSE: TVL), Radio One (Nasdaq: ROIA), Salem Communications (Nasdaq: SALM), Sirius Satellite Radio (Nasdaq: SIRI), Univision Communications (NYSE: UVN), and XM Satellite Radio Holdings (Nasdaq: XMSR).

"Niche broadcast media should be better than general market broadcast media at fighting technology threats, managing commercial inventory and pushing price increases," said Dix. "For the general market broadcasting stocks, we are looking for catalysts relating to media usage trends, advertising time inventory management, and share gains from non-broadcast media."

Dix forecasts 35 million satellite radio subscribers by 2010. He believes additional data on customer satisfaction and the satellite radio companies' long-term cost structures, as well as better understanding of how satellite radio will position itself against competing technologies, should create investment opportunities.

For further information, please call:  

Renee Calabro
Media Relations

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