Equity Media Names Patrick Doran Chief Financial Officer

LITTLE ROCK, Ark., Jan. 22, 2008 (PRIME NEWSWIRE) -- Equity Media Holdings
Corporation (Nasdaq:EMDA) announced today that Patrick Doran has been named
Chief Financial Officer for the company, effective immediately. Doran, who has
over 28 years of diversified financial and operational experience in major
corporations, joined Equity Media in a consulting role in November.

Doran comes to Equity Media from Orbit Brands Corporation, where he served as
interim Chief Financial Officer and consultant. Prior to this, Doran held
several executive positions for CTN Media Group, Inc., including President,
Chief Operating Officer, Chief Financial Officer and Secretary (1997-2006). Mr.
Doran also served as the Vice-President of Operations and Planning for Turner
Pictures Worldwide Distribution (1994-1997) and Vice President-Group Controller
for the Syndication and Licensing group for Turner Broadcasting (1987-1993).
Prior to joining Turner Broadcasting, Mr. Doran held various managerial and
executive positions at Columbia Pictures and MGM Studios.

"We are extremely excited about Pat joining our management team," said Larry
Morton, President and CEO of Equity Media. "Pat's strong finance and media
background, especially on the network operations side, make him a key part of
the development and growth of the Retro Television Network, as well as the long
term development of our television stations."

"I am very pleased to join the talented management team of Equity Media," stated
Doran. "The Company's diverse asset base and tremendous growth potential of the
Retro Television Network present a great opportunity to help formulate and
execute a cutting-edge digital strategy. I am looking forward to working with
all of our partners to facilitate the success of the Retro Television Network."

Doran holds a Bachelor of Business Administration from Baruch College, CUNY in
New York. He has also been a member of the AICPA for over 20 years.

About Equity Media Holdings Corporation

Equity Media Holdings Corporation (Nasdaq:EMDA) is a growing broadcaster with
multiple sources of revenue and value in its operations that include its
Broadcast Station Group, Spectrum Holdings Division and Broadcast Services
Division. Equity Media is one of the largest owners and operators of television
stations in the United States, currently owning stations in 41 markets that
cover more than 32% of the U.S. population. It is the second largest affiliate
group of the top ranked Univision and TeleFutura networks, two networks driven
by the growth of the Hispanic population in the U.S. Equity Media's proprietary
Centralized Automated Satellite Hub (C.A.S.H.) system and Retro Television
Network provide centralized content distribution services, which Equity Media
believes are unique within the media industry. For more information, please
visit www.EMDAholdings.com.

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CONTACT: Equity Media Holdings Corporation
Lindsey McGough
501.219.2400