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Overview Liberman Broadcasting, Inc. (LBI) is the largest privately held, minority-owned Spanish-language broadcaster in the United States. LBI was established in 1987 by José and Lenard Liberman. The father and son partnership brings a combined 55+ years of operating experience in the broadcasting industry. José Liberman is an industry pioneer, having owned and operated the first Spanish-language FM radio station west of the Mississippi which went on the air in the mid 1970’s. Lenard Liberman manages LBI's day-to-day operations, and together with his father, has primary responsibility for LBI’s strategic direction.

Lincoln Financial Media is a wholly owned subsidiary of Lincoln National Life Insurance Company, an insurance and financial services company. Beginning with its first radio station in 1934, LINCOLN FINANCIAL® broadcasting now boasts 15 radio stations, all in top 50 markets. Each division is a proven success at serving our audiences, advertisers, investors, and employees. Lincoln Financial Media is based in Greensboro, NC.

Lotus Communications Corp. is one of the largest privately owned Radio Station Groups in the United States. It was founded in 1962 by Howard A. Kalmenson, with the purchase of KWKW, one of Los Angeles' original Spanish language radio stations. Lotus currently owns and operates a total of 27 radio stations in Arizona, California, Nevada, and Texas. The formats consist of 13 English, 13 Spanish, and 1 Farsi. Lotus also owns three low-power television stations in: Phoenix, Arizona; Tampa, Florida and Houston, Texas.Lotus are very proud of being able to maintain the Company as a privately owned enterprise, providing a "home" for over 400 full-time and part-time employees.

Founded in 2001, Max Media LLC acquires, builds and operates television and radio stations throughout the United States. Headquartered in Virginia Beach, Virginia, Max was formed by Gene Loving, the current Chairman and CEO, John Trinder, the current President and COO, Chuck McFadden, a senior advisor to Max, Tim Robertson, a senior advisor to Max and a founder of The Family Channel, and David Wilhelm, the current CFO. Management and the equity sponsors, Quad-C Management, Colonnade Capital and Golden Gate Capital, have committed approximately $175 million of equity to fund acquisitions and development of de novo broadcast properties. Management’s strategy is to selectively acquire development-stage and troubled media properties in desirable markets and improve the ratings, revenues and cash flow. The management team has been successful in this strategy by emphasizing increased marketing focus and applying innovative programming expertise. Mr. Loving and Mr. Trinder have previously built, operated and sold two companies with similar strategies of acquiring small market radio and television stations and improving operations with professional management and technical improvements. In 1979, Loving and Trinder started TVX Broadcast Group, which went public in 1985 and was sold to Paramount Communications in 1991 for $500 million. Subsequently, they, along with Mr. McFadden, founded Max Media Properties LLC in 1991 and sold it to Sinclair Broadcasting in 1998 for $270 million.

Metro Traffic delivers best-in-class traffic programming and services -- plus news, sports and weather -- with nationwide operations, cutting-edge technology, and the best talent in the business. No one delivers more comprehensive traffic reports than Metro Traffic. We are committed to providing the very best traffic service to our affiliates and their audiences and to our advertising customers. Only Metro Traffic can deliver commercials embedded directly in traffic reports that are read live by experienced and trusted traffic reporters.For decades, Metro Traffic and its units have been in the business of providing real-time traffic to broadcasters. Metro is the parent of a variety of well-known regional brands, including Shadow Traffic and SmartRoute Systems. And in late 2009, we added a new brand to the family – California’s Sigalert.com.

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