Cox Enterprises Extends Tender Offer for Cox Radio and Maintains $4.80 Offer Price

Cox Enterprises Extends Tender Offer for Cox Radio and Maintains $4.80 Offer
Price

Tender Offer Expires May 19, 2009

ATLANTA, May 18 /PRNewswire/ -- Cox Enterprises, Inc. announced today that it
has extended the tender offer by its Cox Media Group, Inc. subsidiary to
acquire all the outstanding shares of Class A common stock of Cox Radio, Inc.
(NYSE: CXR) not otherwise held by Cox Media Group. The tender offer will now
expire at 5:00 p.m., New York City time, on Tuesday, May 19, 2009.

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

"We achieved 97% of the majority of the minority condition and only need
approximately 275,000 additional shares to satisfy that condition," commented
John M. Dyer, Chief Financial Officer of Cox Enterprises. "An additional two
million shares were tendered over the first two-day extension, and we want to
give shareholders two additional days to tender their shares and work through
the mechanics and instructions with their custodian bank or broker."

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 5:00
p.m. on May 15, 2009, approximately 8,472,000 shares had been tendered
pursuant to the offer, which amount includes approximately 485,000 shares
subject to guaranteed deliveries and approximately 327,000 shares tendered by
affiliates. Accordingly, tendered shares represent approximately 97% of the
shares needed to satisfy the majority of the minority condition. If the
majority of the minority condition is not satisfied as of the new expiration
date, Cox Enterprises does not intend to further extend 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, amended and restated offer to purchase 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
Investor, Richard Jacobson, +1-678-645-0111, richard.jacobson@coxinc.com