Broadcaster,  10/31/2006

Standard Radio Acquires Minority Position in ''

Standard Radio Inc., a subsidiary of Standard Broadcasting, Inc., announced today that it is acquiring a minority ownership in Travelwire Inc., the company behind, a leading Canadian publisher of travel specials.

Gary Slaight, Chairman and CEO of Standard Broadcasting, said: "When we were first introduced to, we loved the concept and saw it as a great addition to our portfolio of existing Internet properties. With Internet advertising growing at such a rapid pace, Standard Interactive wants to offer its advertisers even more alternatives to reach their target demographics".

Through the website, over 95,000 Canadians a month discover where to find outstanding travel deals departing from Canada.

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