“Former Radio One COO, Mary Catherine Sneed, Joins Light Media”

6 Feb

      

  

 

“Former Radio One COO, Mary Catherine Sneed, Joins Light Media”

ATLANTA, GA–(PR Newswire – February 6, 2012) – Light Media (OTC Markets: LGMH), Inspirational Media Specialist, announced today that Mary Catherine Sneed, a leading radio industry catalyst and pioneer, has joined its team.  Recognized by RadioInk Magazine as one of the Top 10 Most Powerful Women In Radio in 2004, Mary Catherine Sneed served as Nasdaq-publicly-traded Radio One’s Chief Operating Officer for 8 years (1998-2006).  Mary Catherine Sneed, working side-by-side with Radio One’s Founder (Cathy Hughes) and CEO (Alfred Liggins) built Radio One from 2 to 71 radio stations and over $300 million in revenues.  At the time of Mary Catherine Sneed’s departure from Radio One on June 30, 2006, Radio One’s closing stock price was: $7.40 per share.  Mary Catherine Sneed will advise Light Media on key strategic corporate initiatives, including but not limited to: sales, programming, acquisitions, alliances, etc.

“Mary Catherine Sneed is a Trail-Blazer; and her proven power and relentless drive to turn vision into reality and take a little-known company, like Radio One was in 1998, and turn it into a formidable 71-radio stations one-third of a billion dollars multimedia conglomerate eight years later parallels the storied rise of Clear Channel from micro-cap obscurity to large-cap market leader (see historical reference note below).  Light Media is excited to have Mary Catherine Sneed as a value-added member of its strategic advisory team,” said Danny Wilson, CEO of Light Media.

Historical Reference Note (Media): In 1984, a relatively then unknown micro-cap, publicly-traded media company was in the midst of completing its Initial Public Offering (IPO) at a split-adjusted price of $0.43 per share (6 radio stations).  Still unknown to the masses, that then 1984 $0.43/share penny stock publicly-traded media company evolved to what is known today as “Clear Channel Media and Entertainment” and a stock price at its height in excess of $30/share and an estimated market value of $24 Billion at the time of its privatization in 2008 (exploding from 6 to 850 radio stations).  For more information on Clear Channel  Media and Entertainment, please visit: www.ClearChannel.com.

About Mary Catherine Sneed:  An Auburn University Graduate and leading media executive with over 30 years of all-around radio expertise, Mary Catherine Sneed in 2004 was named by Radio Ink Magazine as one of the Top 10 most powerful women in media worldwide.  Mary Catherine Sneed served as an Executive Vice President at Summit Communications prior to joining Radio One in 1995 and prior to Summit, she successfully programmed radio stations from rock to alternative formats in major markets.  From 1998 to 2006, Mary Catherine Sneed served as Chief Operating Officer of Nasdaq-listed media conglomerate (Radio One) and General Manager of Radio One’s very first Hip-Hop radio station (97.5 FM (Atlanta, GA)), building Radio One from 2 to 71 radio stations nationwide.  To read an insightful article about Mary Catherine Sneed, published by the Washington Post (January 12, 2004) click the following link: Hip-Hop’s Unlikely Voiceor copy/paste the following weblink into your web-browser: http://www.washingtonpost.com/ac2/wp-dyn/A8747-2004Jan11?language=printer

About Light Media:

Light Media (OTC Markets: LGMH), Inspirational Media Specialist, markets, produces and distributes inspirational music, video, video games, print media and entertainment in the Urban Media space through its network of radio, Internet, television, print and special events global business platforms and marketing and alliance partners.  Light Media is also the 20th publicly-traded radio/media conglomerate (member) of the prestigious RBR-TVBR Media Stocks Index (see full  RBR-TVBR Media Index listing at: http://www.rbr.com/media-news/stocks/nasdaq-hits-11-year-high-2-3-12.html ). To listen to Power 105.5/The King, please visit: www.Power105TheKing.com.   For more information, please visit: www.LightMediaHoldings.com.  Light Media Capitalization Structure, as of Q4 (2011): Common Shares Issued: 38,273,500; Common Shares Float; 7,050,000; Common Shares Authorized: 100,000,000.

Cautionary Note Regarding Forward-Looking Statements:

This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995.  Those statements include statements regarding the intent, belief or current expectations of Light Media (OTC: “LGMH”) and members of its management as well as the assumptions on which such statements are based.  Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

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