SOURCE: Mega Media Group, Inc.

Mega Media Group, Inc.

April 13, 2009 13:06 ET

Mega Media Group, Inc., Signs a Multi-Year Lease for WDCN to Broadcast Pulse87 in the Washington, D.C. Market

NEW YORK, NY--(Marketwire - April 13, 2009) - Mega Media Group, Inc. (OTCBB: MMDA) ( announced that it has signed a multi-year air lease agreement for the WDCN-LP 87.7 frequency with Signal Above, LLC. Under the terms of the agreement, revenue will be shared between the parties with certain minimum lease fees paid by Mega Media Group, Inc. Pulse87 will start broadcasting on WDCN during the 2nd quarter of 2009 to the Washington, D.C. market.

Commenting on the announcement, Alex Shvarts, CEO, stated, "This is another milestone for the growth and expansion of our Pulse87 brand. Washington, D.C. is the #9 radio market with annual billings in 2008 of $310 million. The diversity of the Washington, D.C. Market will work well for our unique lifestyle music format. We will continue to implement our business plan expansion by signing these revenue sharing agreements. These agreements allow us to enter markets without the upfront capital burden of purchasing frequencies. This strategy allows us to operate at a much lower cost of entry and achieve quicker returns to our bottom line. We continue in talks with other markets for similar opportunities."

About Mega Media Group

Launched in 2004, Mega Media Group is a multimedia holding company focused on becoming a premier player in global entertainment and media, through content production, distribution and syndication. Our goal is to provide unique and cutting edge programming by bridging traditional radio broadcasting with the online social media space. Through our subsidiaries we produce and distribute original content for broadcasting.

MMG Operates Through Four Subsidiaries:

Echo Broadcasting Group -- operates Pulse 87 (WNYZ 87.7FM), a Rhythmic Top 40 Radio station serving the New York Tri-State Area. -- Music Social Network to Launch in April 2009. Skeleton Key Entertainment -- Music Recording and Branding Division. Mega Media Studios and Film -- Video and Film production Studios

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Safe Harbor Statement:

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Mega Media Group's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statements. All information provided in this press release is as of April 13, 2009, and Mega Media Group undertakes no duty to update such information, except as required under applicable law.

Contact Information

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