Cox Enterprises, Inc. Extends Tender Offer for Cox Radio

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Mon Apr 20, 2009 6:00am EDT

ATLANTA, April 20 /PRNewswire/ -- Cox Enterprises, Inc., through its Cox Media
Group, Inc. subsidiary, announced today that it has extended its tender offer
to acquire all the outstanding shares of Class A common stock of Cox Radio,
Inc. (NYSE: CXR) not otherwise held by Cox Media Group in order to further
discuss and negotiate the terms of the tender offer with Cox Radio's special
committee formed to consider the tender offer.  The tender offer will now
expire at 12:00 midnight New York City time on Friday, May 1, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070925/CLTU013LOGO-b )

The tender offer remains subject to the condition that a majority of the
minority shareholders (those who are not executive officers, directors or
affiliates of Cox Enterprises, Cox Media Group or Cox Radio other than
directors of Cox Radio who constitute the special committee of independent
directors formed to consider the tender offer) tender their shares.  All other
terms and conditions of the tender offer also remain unchanged.  As of 12:00
midnight on April 17, 2009, approximately 457,000 shares have been tendered
pursuant to the offer.

Cox Radio shareholders and other interested parties are urged to read Cox
Enterprises' and Cox Media Group's tender offer statement, as amended from
time to time, and other relevant documents. Cox Radio shareholders can obtain
the tender offer statement and related documents free of charge at the SEC's
web site: www.sec.gov, from Cox Enterprises at 6205 Peachtree Dunwoody Road,
Atlanta, GA 30328, Attn: Corporate Communications, or from D.F. King & Co.,
Inc., the Information Agent for the tender offer, by calling (800) 578-5378.

About Cox Enterprises (www.coxenterprises.com)
Cox Enterprises, Inc. is a leading communications, media and automotive
services company. With revenues exceeding $15 billion and more than 77,000
employees, the company's major operating subsidiaries include Cox
Communications, Inc. (cable television distribution, telephone, high-speed
Internet access, commercial telecommunications, advertising solutions and the
Travel Channel); Manheim, Inc. (vehicle auctions, repair and certification
services and web-based technology products); Cox Media Group, Inc. (television
stations, digital media, newspapers, advertising sales rep firms and
majority-owned, publicly-traded Cox Radio, Inc.); and AutoTrader.com (online
automotive classifieds and related publications). Additionally, Cox's Internet
operations include Kudzu.com and Adify Corporation, a unit of Cox TMI, Inc.

CAUTIONARY STATEMENT: Statements in this document represent the intentions,
plans, expectations and beliefs of Cox Enterprises and involve risks and
uncertainties that could cause actual events to differ materially from the
events described in this document, including risks or uncertainties related to
whether the conditions to the tender offer will be satisfied, and if not,
whether the tender offer and merger will be completed, as well as changes in
general economic conditions, stock market trading conditions, tax law
requirements or government regulation, and changes in the radio broadcast
industry or the business or prospects of Cox Radio. Cox Enterprises wishes to
caution the reader that these factors, as well as factors described or to be
described in Cox Enterprises', Cox Media Group's and Cox Radio's SEC filings
with respect to the transaction, are among the factors that could cause actual
events or results to differ materially from Cox Enterprises' current
expectations described herein. 






SOURCE  Cox Enterprises, Inc.

Media, Bobby Amirshahi, +1-678-645-4518, bobby.amirshahi@coxinc.com, or
Investors, Richard Jacobson, +1-678-645-0111, richard.jacobson@coxinc.com,
both of Cox Enterprises, Inc.
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