STAR MEDIA GROUP LAUNCHES “SMART” IN COLLABORATION
WITH SAVAGE MEDIA GROUP

"Star Media Asset Rocovery Team” counsels financial institutions on maximizing
returns for distressed media investments

 Dallas, TX; April 16, 2009 – Star Media Group, Ltd., one of the nation’s leading media brokerage firms, has launched a new division to advise financial institutions on maximizing their return on investment for economically-challenged media properties, it was announced today by Peter Handy, Managing General Partner of the Dallas-based company.  “SMART” (Star Media Asset Recovery Team) is a one-stop solution that enhances media property values by consolidating companies with similar assets and financial challenges into a single operating entity.  Cash flow is improved dramatically by exploiting economies of scale, asserting fiscal control and employing innovative revenue-building solutions.

“By combining media properties from an investor’s portfolio, Star Media Group’s experienced team of broadcast specialists manages the consolidated company, resulting in a substantial savings in corporate expenses, operational economies of scale and flexibility to package various groups of stations together to maximize asset sale opportunities,” said Mr. Handy.  “The diversified expertise of “SMART’s” team members covers all facets of the radio business, including  operations, financial, brokerage and legal…in all market sizes and formats.”

Star Media is collaborating with Savage Media Group, LLC for its “SMART” venture.  Led by Scott Savage, a 35-year veteran of the radio industry, Savage Media Group was established
in 2006 as a consultancy service for the broadcasting industry. 

“I’m proud to be working with Peter Handy and Star Media Group on this innovative strategy to serve the broadcast investment community,” said Mr. Savage.  “With the industry facing its most difficult economic challenges ever, “SMART” will help clients weather the storm while also creating solid fiscal platforms for the future.” 

Based in Dallas, Savage’s company specializes in the areas of management, sales and marketing and also provides receivership and trustee services.