Alpha to Co-Locate Six Portland Stations

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Portland, OR - December 17th, 2009

Alpha Broadcasting announced plans to co-locate its six radio properties in the Pacwest Center, 1211 SW Fifth Avenue in downtown Portland.  With a target move-in date of May 1, 2010, radio stations KUFO, KINK, KUPL, KXL, KXTG and KCMD will each broadcast from the 6th floor, with the corporate offices on the 7th floor of the Ashforth-owned building.  In addition, a special performance lounge to be utilized by all the stations will be on the street level, where artists and other personalities who frequently visit the stations will appear.

 "Since our acquisition of these exceptional radio stations, we have been operating out of three separate buildings," commented Alpha’s Chairman/Chief Executive Officer Larry Wilson.  "It is with great pride that we announce that we will be moving to the Pacwest Center in the heart of Portland’s Central Business District.  In our search for a new home, we wanted a building that is environmentally friendly and one that is well served by mass transit.  The Pacwest Center ideally meets these criteria.  It has a LEED-EB rating and the MAX stops right in front of the building.  Getting all our employees into one location is key to our plan to achieve maximum efficiency in our operation.  While KINK has had a live performance lounge for nine years, the new expanded lounge will be the live venue for all recording artists, sports figures, business dignitaries and political figures who visit Alpha headquarters.  We also plan to host special events in the lounge for our largest advertisers."

 Ashforth Pacific, a division of the Ashforth Company now owns and manages over three million square feet on the West Coast. Based in Portland, Oregon, the firm oversees a portfolio which includes Pacwest Center, Lloyd Center Tower, ODS Tower, Liberty Centre, One Pacific Square, Lloyd 700, and Oregon Square as well as The Exchange Building in Seattle and the Orrick Building in San Francisco.

Alpha Broadcasting, headquartered in Portland, Oregon was formed by Larry Wilson, Bob Proffitt and Endeavour Capital, also in Portland.  Wilson founded Citadel Communications Corporation, before it was sold to Forstmann Little & Company in 2001 for $2 billion.