EBC FLAGSTAFF, INC. IS A WHOLLY OWNED SUBSIDIARY OF EQUITY BROADCASTING CORPORATION. EQUITY BROADCASTING CORPORATION (EBC) OR ITS SUBSIDIARIES MAY HAVE BEEN PARTIES TO SEVERAL DISMISSED OR DENIED BROADCAST STATION APPLICATIONS, INCLUDING, AMONG OTHER REASONS, APPLICATIONS DISMISSED OR DENIED FOR (1) ENGINEERING REASONS; (2) LOSING IN A LOTTERY; OR (3) FAILURE TO JUSTIFY AN EXTENSION OF TIME ALLOWED FOR CONSTRUCTION OF A NEW STATION. NONE OF THESE DISMISSALS OR DENIALS, HOWEVER, HAVE INVOLVED ANY CHARACTER QUALIFICATION ISSUES. CERTAIN OF THESE DENIED OR DISMISSED APPLICATIONS INCLUDE THE FOLLOWING: A MAJOR CHANGE APPLICATION FOR WTAM-LP WAS DISMISSED AFTER LOSING A LOTTERY. EXTENSIONS OF TIME WERE DENIED FOR K45EA, PAIA, HI (ABANDONED); W53CJ, CHARLESTON, WV (LATER REINSTATED AND ASSIGNED); K51EM, WAILUKU, HI (LATER REINSTATED AND LICENSED); AND W47BM, ROCHESTER, NY (LATER REINSTATED AND ASSIGNED). AN APPLICATION FOR ASSIGNMENT OF THE CONSTRUCTION PERMIT FOR LOW POWER TELEVISION STATION W69DY, TUNICA, MS TO EBC (FILE NO. BAPTTL-980911IF) WAS DISMISSED BECAUSE THE ASSIGNOR HAD NOT JUSTIFIED AN EXTENSION OF TIME TO CONSTRUCT THE STATION. AN APPLICATION FOR AN EXTENSION OF TIME TO CONSTRUCT K68FR, MOJAVE, CA (FILE NO. BMPTTL-981009JC,) WAS DISMISSED AS MOOT, BECAUSE THE UNDERLYING CONSTRUCTION PERMIT WAS NOT CLOSE TO EXPIRATION. NO QUESTIONS WERE RAISED CONCERNING THE QUALIFICATIONS OF EBC AS A LICENSEE OR ASSIGNOR IN THESE APPLICATIONS. IN ADDITION, EBC AND /OR ITS PRINCIPALS WERE PARTIES TO CERTAIN DISMISSED APPLICATIONS AS RESULTS OF SETTLEMENTS AMONG APPLICANTS FOR THE SEPTEMBER 28, 1999 BROADCAST AUCTION AND HAD DISMISSED APPLICATIONS IN THE AUCTIONS WHERE EBC WAS NOT THE HIGH BIDDER. THESE DISMISSALS DID NOT/WILL NOT IN ANY EVENT INVOLVE CHARACTER ISSUES WHEN THEY DO TAKE PLACE. A PETITION TO DENY HAS BEEN FILED AGAINST WINSTAR BROADCASTING CORPORATION (WINSTAR), A PARTY IN WHICH EQUITY BROADCASTING CORPORATION (EQUITY) HAS AN ATTRIBUTABLE 49 PERCENT INTEREST, ALLEGING THAT EQUITY WAS THE TRUE PARTY IN INTEREST, NOT WINSTAR, IN CONNECTION WITH THE BIDDING IN THE AUCTION AND SUBSEQUENT AWARD TO WINSTAR OF THE PERMIT FOR A NEW TELEVISION STATION ON CHANNEL 21, VIRGINIA BEACH, VIRGINIA. SEE FCC FILE NO. BPCT-960723KW. THIS PETITION, WHICH REMAINS PENDING IS BEING VIGOROUSLY OPPOSED BY WINSTAR.