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To: Jeffrey L. Henken who wrote (1668)	7/15/1999 3:39:00 PM
From: Brian D. Potts	Read Replies (1) \| Respond to of 3514

More News on GAAY Maybe it'll drop another nickel. I still insist this will be a winner!!! (just not today) (COMTEX) B: Triangle Broadcasting Company Inc. and Palm Springs Telev B: Triangle Broadcasting Company Inc. and Palm Springs Television Studios Announced an Agreement to Purchase KPSP-TV PALM SPRINGS, Calif., Jul 15,1999 (ENTERTAINMENT WIRE via COMTEX) -- Triangle Broadcasting Company Inc. (OTCBB:GAAY) and Palm Springs Television Studios Executive Vice President, Dick Weiner announced an agreement in principle has been reached to purchase KPSP-TV Palm Springs, Calif. from JB Broadcasting subject to FCC approval. Weiner said, "We are very excited about the prospect of having a flagship station here in Palm Springs which is currently broadcasting throughout the Coachella Valley on the Time Warner and Media One cable systems." This station will be the origination point for the broadcasts of AuctionsTelevision and BingoTelevision and it will continue to provide the market with Bloomberg Television financial news. KPSP-TV will be the home of Palm Springs Television Production Center which is a commercial and program production house. This Production Center will serve advertisers and outside producers wanting to tape in the Palm Springs area in state of the art facilities. Towards that end Palm Springs Television Studios Production Center will have the latest in technology for all formats ofpost-production edit suites. Dick Weiner concluded, "Palm Springs is an ideal year round television shooting paradise. Palm Springs Television Production Center will have full remote capabilities making it possible for producers and advertisers alike to take full advantage of capturing this unique environment on tape." Forward looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in the company's filings with the Securities and Exchange Commission. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Roger Asquith, 760/322-1217, Fax 760/322-9707 WEB PAGE: businesswire.com GEOGRAPHY: CALIFORNIA INDUSTRY CODE: ENTERTAINMENT TELECOMMUNICATIONS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.