CAPITOL BROADCASTING COMPANY WINS AWARD FOR HDTV DEVELOPMENT WORK

RALEIGH, NC, APRIL 15, 1997 — A Raleigh, North Carolina television station that has no viewing audience has been named “Broadcaster of the Year” by Television Broadcast magazine. WRAL-HD, an experimental high definition television (HDTV) station owned by Capitol Broadcasting Co., Inc., received the award for its development work in HDTV.

On July 23, 1996, the station became the first commercial television facility in the nation to transmit a high definition television signal. The new technology delivers a wider, sharper, and more colorful picture than existing television. However, television receivers for the new broadcast system will not be available to the consumer until mid 1998.

James F. Goodmon, Chief Executive Officer and President of Capitol, said he was proud to receive the award. “HDTV is the wave of the future and we are pleased to be out front with this amazing new technology. We want our viewers to experience the better signals first.”

Capitol Broadcasting Company, Inc. is a diversified communications company which owns and/or operates WRAL-TV, WRAL-Digital, WRAL-FM, Microspace, the North Carolina News Network, DTV Plus, Wolfpack Sports Marketing, and Capitol Sports Management in Raleigh, NC; WJZY-TV and WFVT-TV in Charlotte, NC; WILM-TV in Wilmington, NC; WRAZ-TV and the Durham Bulls Baseball Club in Durham, NC; and the Myrtle Beach Pelicans Baseball Club in Myrtle Beach, SC; Capitol Broadcasting Company also founded Local TV on Satellite in Raleigh, NC.