CURRENTLY, THE MAJORITY STOCKHOLDER OF CBC IS THE CAROLYN C. SMITH CUNNINGHAM TRUST (THE 'TRUST'), WITH MICHAEL ANDERSON SERVING AS THE SOLE TRUSTEE. MR. ANDERSON, IN ADDITION TO HIS TRUSTEE POSITION, HAS LONG HELD DIRECTOR AND OFFICER POSITIONS IN CBC AND ITS LICENSEE ENTITIES REFERENCED IN EXHIBIT 18. THE PARTIES NOTE THAT PENDING BEFORE THE COMMISSION ARE APPLICATIONS TO TRANSFER CONTROL OF CBC FROM MICHAEL ANDERSON AS TRUSTEE OF THE CONTROLLING TRUST TO MICHAEL ANDERSON IN HIS PERSONAL CAPACITY. THE FILE NUMBERS OF THESE APPLICATIONS ARE: BTCCDT- 20130226AFW/AFX/AFY/AFZ/AGC/AGD/AGE (THE 'CBC TRANSFER APPLICATIONS'). FOLLOWING APPROVAL AND CONSUMMATION OF THOSE APPLICATIONS, MR. ANDERSON WILL CONTINUE TO CONTROL CBC, BUT SOLELY IN HIS PERSONAL CAPACITY RATHER THAN AS TRUSTEE OF THE TRUST. BECAUSE OF UNCERTAINTY AS TO WHETHER THE COMMISSION WILL ACT ON THE CBC TRANSFER APPLICATIONS PRIOR TO THE INSTANT APPLICATIONS, APPLICANTS WISH TO CLARIFY THAT THE AUTHORITY SOUGHT BY THE PRESENT APPLICATIONS IS TO TRANSFER CONTROL OF THE OF THE ESTEEM STATIONS TO CBC AS CONTROLLED BY MICHAEL ANDERSON, REGARDLESS OF WHETHER HE IS EXERCISING THAT CONTROL AS AN INDIVIDUAL OR AS TRUSTEE OF THE TRUST. PROVIDING THIS FLEXIBILITY WILL ENSURE A TIMELY CLOSING OF THIS AND RELATED TRANSACTIONS, WHILE AVOIDING THE NEED FOR ADDITIONAL, LARGELY REDUNDANT, APPLICATIONS AT A LATER DATE.