Cox Enterprises Completes Tender Offer for Cox Radio

ATLANTA, May 19 /PRNewswire/ -- Cox Enterprises, Inc., announced today that
its wholly-owned subsidiary, Cox Media Group, Inc., successfully completed its
tender offer to acquire all of the outstanding shares of Class A common stock
of Cox Radio, Inc. (NYSE: CXR) not otherwise owned by Cox Media Group. The
offer expired at 5:00 p.m., New York City time, on Tuesday, May 19, 2009. A
total of approximately 10,327,500 shares of Cox Radio Class A common stock
were tendered, which amount includes approximately 917,500 shares subject to
guaranteed deliveries and approximately 327,000 shares tendered by affiliates,
representing 59.4% of Cox Radio's publicly held Class A shares. Cox Media
Group has accepted for payment all shares validly tendered pursuant to the
tender offer.

Together with the approximately 78% of the equity interest already
beneficially owned by Cox Enterprises, Cox Enterprises will own approximately
72,652,000 shares or 91.4% of the 79,489,544 Cox Radio shares outstanding.
Shareholders who have tendered their shares will receive $4.80 per share for
their shares promptly following the guaranteed delivery period.

"We are pleased that Cox Radio shareholders supported this transaction and, in
so doing, took advantage of an excellent opportunity to obtain liquidity at a
45% premium over the closing price the trading day prior to commencement of
the offer," said Jimmy W. Hayes, President and Chief Executive Officer of Cox
Enterprises. "We believe that private ownership offers advantages that will
assist Cox Radio in attaining its business objectives and managing its capital
structure as well as ensuring that Cox Radio maintains its best-in-class
operations."

Pursuant to the tender offer, as soon as practicable, Cox Enterprises will
implement a short-form merger under Delaware law in which Cox Radio will
become a wholly-owned subsidiary of Cox Enterprises. All remaining public
shareholders, other than those as to which appraisal rights are perfected,
will have the right to receive $4.80 per share for their shares.

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, 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.

SOURCE Cox Enterprises, Inc.

Bobby Amirshahi, +1-678-645-4518, bobby.amirshahi@coxinc.com; or Investors,
D.F. King & Co., Inc., 1-800-578-5378, for Cox Enterprises, Inc.