Press Releases

Barrington Reports Second Quarter Operating Results

August 4, 2008 — Hoffman Estates, IL

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Barrington Broadcasting Group LLC (“Barrington”) announced today its financial results for the three months ended June 30, 2008 and for the six months ended June 30, 2008. Results for the three and six months include results of WGTU and WGTQ, stations that Barrington programs and provides support services, beginning April 1, 2008, the date Tucker Broadcasting of Traverse City, Inc. completed the acquisition of these stations (the “Acquired Stations”). Highlights are as follows:

• Gross revenues for the quarter ended June 30, 2008 increased 1.1% to $34.4 million from $34 million for the quarter ended June 30, 2007. Excluding results of the Acquired Stations, gross revenues decreased $0.5 million, or 1.5%, to $33.5 million. The decrease was primarily due to a decrease in national revenues of $1.1 million, or 10.7%, to $9.1 million. Local revenues decreased $0.3 million, or 1.4%, to $20.9 million. Political revenues increased $0.5 million to $0.7 million for the quarter ended June 30, 2008.
• Net revenues (gross revenues less agency commissions and other direct costs) for the quarter ended June 30, 2008 increased $0.4 million, or 1.4%, to $29.5 million from $29.1 million for the quarter ended June 30, 2007. Excluding results of the Acquired Stations, net revenues decreased $0.4 million, or 1.4%, to $28.7 million
• Operating expenses for the quarter ended June 30, 2008, not including depreciation and amortization, increased 7.5%, or $1.5 million, to $21.7 million from $20.2 million for the quarter ended June 30, 2007. Excluding results of the Acquired Stations, operating expenses increased $1.0 million, or 5.0%, to $21.2 million, primarily as a result of severance costs of $0.7 million related to the workforce reduction initiated and substantially completed in the second quarter.
• Broadcast Cash Flow (as defined herein) for the quarter ended June 30, 2008 decreased 6.4% to $9.8 million from $10.4 million for the quarter ended June 30, 2007. Excluding results of the Acquired Stations, Broadcast Cash Flow decreased 9.6% to $9.4 million.
• Gross revenues for the six months ended June 30, 2008 increased 1.9% to $65.7 million from $64.5 million for the six months ended June 30, 2007. Excluding results of the Acquired Stations, gross revenues increased $0.3 million, or 0.5%, to $64.8 million for the period. The increase was primarily due to an increase in political revenue of $1.9 million to $2.4 million. Local revenues decreased $0.2 million, or 1.4%, to $40.2 million. National revenues decreased $1.9 million, or 9.7%, to $17.4 million.
• Net revenues (gross revenues less agency commissions and other direct costs) for the six months ended June 30, 2008 increased $1.1 million, or 1.9%, to $56.2 million from $55.1 million for the six months ended June 30, 2007. Not including results of the Acquired Stations, net revenues increased $0.3 million, or 0.5%, to $55.4 million
• Operating expenses for the six months ended June 30, 2008, not including depreciation and amortization, increased 6.4%, or $2.6 million, to $43.1 million from $40.5 million for the six months ended June 30, 2007. Excluding results of the Acquired Stations, operating expenses increased $2.1 million, or 5.2%, primarily as a result of severance costs of $.7 million related to the workforce reduction initiated and substantially completed in the second quarter, increased website sales and development costs of $.7 million, an increase in the number of sales personnel, and contractual salary increases in the news department.
• Broadcast Cash Flow for the six months ended June 30, 2008 decreased 3.1% to $16.8 million from $17.3 million for the six months ended June 30, 2007. Excluding results of the Acquired Stations, Broadcast Cash Flow decreased 4.6% to $16.5 million.

For more information regarding this financial information and a definition of Broadcast Cash Flow, see the attachments to this press release.

“Despite the stability of our local sales and growth in our digital media sales, the weakening economy continued to have a negative impact on our national revenues; advertisers canceled national advertising schedules at a higher rate than we have experienced in the past, with particular emphasis on the auto category. We also completed our previously announced transition to new technology and operating structures this quarter, with the goal of driving more efficiency at each of our stations. We remain confident this transition will contribute to both innovation and improved local programming quality and allow us to operate with a lower cost structure”, said K. James Yager, Chief Executive Officer of Barrington Broadcasting.

Conference Call

As previously announced, Barrington will host a conference call to discuss its first quarter results at Noon (EDT) on Tuesday, August 5, 2008. The dial-in information for the earnings call is as follows: 1-800-257-2101. A telephonic replay of the earnings call will be available beginning on –August 5, 2008 at 2:00 PM (EDT) and remain available for 30 days. To access the replay, call 1-800-405-2236 (domestic callers) or 303-590-3000 (international callers) and enter access code 11117707#.

During the conference call, representatives of Barrington may discuss and answer one or more questions concerning Barrington's business and financial matters. The responses to these questions, as well as other matters discussed during the call, may contain information that has not been previously disclosed.

Quarterly Report

The information in this press release should be read in conjunction with the financial statements and footnotes contained in Barrington’s quarterly report for the quarter ended June 30, 2008 which will be posted on Barrington’s website (www.barringtontv.com) on August 13, 2008. Barrington’s results for the quarter ended June 30, 2008 are subject to the completion of its quarterly report for such period.

Non-GAAP Financial Measures

Broadcast Cash Flow, EBITDA and Adjusted EBITDA (each as defined in the attachments to this press release) are non-GAAP financial measures (i.e., they are not measures of financial performance under generally accepted accounting principles) and should not be considered in isolation from or as a substitute for consolidated statements of operations and cash flow data prepared in accordance with GAAP. Broadcast Cash Flow, EBITDA and Adjusted EBITDA, as used herein, are not necessarily comparable to similarly titled measures of other companies. For definitions of and additional information regarding Broadcast Cash Flow, EBITDA and Adjusted

EBITDA and a reconciliation of such measures to the most comparable measures calculated in accordance with GAAP, please see the attachments to this press release.

Broadcast Cash Flow, EBITDA and Adjusted EBITDA are measures commonly used by financial analysts in evaluating performance of companies, including broadcast companies. Accordingly, Barrington believes that Broadcast Cash Flow, EBITDA and Adjusted EBITDA may be useful in assessing Barrington’s operating performance and its ability to meet its debt service requirements. Barrington also believes that these measures allow a standardized comparison between companies in the broadcast industry, while minimizing the differences from depreciation policies, financial leverage and tax strategies.

About Barrington

Barrington was formed in 2003 to acquire and operate television stations in smaller markets across the United States. Barrington currently owns, operates, or supports the operations of twenty three network affiliated television stations. Barrington is owned and controlled by Pilot Group, with management as its partner. Pilot Group is a non-traditional private investment firm founded in 2003 by a group of operating executives who actively help its management partners achieve their goals.

Forward Looking Statements

The statements in this press release that are not historical facts are forward-looking statements that are subject to material risks and uncertainties. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results or developments may differ materially from those in the forward-looking statements as a result of various factors. Such factors include those risks described from time to time in Barrington’s quarterly reports and annual reports which are furnished pursuant to the Indenture dated as of August 11, 2006, by and among Barrington, Barrington Broadcasting Capital Corporation, the guarantors named therein and U.S. Bank National Association, as trustee, as amended, and which are posted on Barrington’s website. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Barrington does not undertake to update any forward-looking statements in this press release or with respect to matters described herein.

For further information contact:

Warren Spector
Chief Financial Officer
Barrington Broadcasting Group LLC
Barrington Broadcasting Capital Corporation
Tel 847-884-1877
Fax 847 755 3045
wspector@barringtontv.com