LEARFIELD APPOINTS FORMER CUMULUS MEDIA EXECUTIVE TO CHIEF FINANCIAL OFFICER

LEARFIELD APPOINTS FORMER CUMULUS MEDIA EXECUTIVE TO CHIEF FINANCIAL OFFICER

JEFFERSON CITY, Mo. (Feb. 15, 2012) – Learfield Communications, Inc. has appointed Marty Gausvik to the role of chief financial officer as announced today by Learfield President and Chief Executive Officer Greg Brown.

Gausvik brings to Learfield more than 25 years in the broadcast media business, holding senior leadership and management positions in the areas of finance and accounting. Prior to overseeing MRG Consulting in Atlanta, which he founded two years ago to assist businesses with debt restructuring, risk management, finance and acquisition analysis, Gausvik served nearly a decade with Cumulus Media Inc., where he was executive vice president and chief financial officer for the Atlanta-based media enterprise from 2000-2009.

“Marty brings to Learfield a wealth of experience as a seasoned veteran in the media industry, and he will be a perfect addition to our senior management team at Learfield,” said Brown. “This is an exciting time for our company, and we are thrilled to have Marty join us.”

In addition to his tenure with Cumulus, Gausvik has served in related senior level financial positions with such companies as Citicasters (Cincinnati), Jacor Communications (Covington, Ky.) and Latin Communications Group (San Jose, Calif.). He is a CPA who started with Arthur Anderson in Cincinnati upon graduating from Ohio University.

“I’m excited to join Learfield, a company that has a tremendous culture and great relationships with its employees, partners and sponsors,” said Gausvik. “This is a terrific opportunity for me, and I look forward to working with the Learfield team in continuing to build a great business.”

Gausvik replaces Paul Schofer, who is leaving Learfield after serving as chief financial officer for the past five years. Schofer will be returning to Kansas City to join the newly opened Kauffman Center for the Performing Arts as its vice president of operations and chief financial officer.

Learfield Communications, originally named Missouri Network, Inc. when it was formed in 1972, was an outgrowth of a graduate thesis by Clyde Lear, who later teamed with Derry Brownfield to create a regional farm radio network. The Company has grown into a diverse media enterprise with more than 350 employees.

Learfield Sports, a primary operating unit, manages multimedia rights for more than 50 leading collegiate institutions, conferences and associations. The Company is also the title sponsor of the coveted Learfield Sports Directors’ Cup, which awards the country’s best athletic departments. Company produced television programming is seen on more than 160 local stations, cable systems and Regional Sports Networks, and it also provides exclusive sports programming to more than 1,000 radio stations nationwide. Learfield News operates Brownfield, the leading agriculture radio network and information service and five state news networks. For additional detail about its history and complete collegiate portfolio, visit www.learfield.com.