Notice Regarding Time Extension

Pursuant to section V(A) of the Proposed Final Judgment filed in this matter,⁽¹⁾ Plaintiff United States submits this notice to the Court that it has extended the period for the Defendants to divest the Cleveland Free Times Assets and the New Times LA Assets (as defined in section II of the Proposed Final Judgment). The Defendants have requested, and the United States has agreed to, extensions of time to allow the Defendants to complete the divestiture of the Cleveland Free Times Assets and New Times LA Assets.

With respect to the Cleveland Free Times Assets, the United States, after consulting with the State Attorneys General, has agreed to an extension until March 10, 2003, by which the Defendants shall submit to the United States and State Attorneys General, pursuant to section VII(A) of the Proposed Final Judgment, a definitive divestiture agreement for the Cleveland Free Times Assets.

With respect to the New Times LA Assets, the United States, after consulting with the State Attorneys General, has agreed to an extension until March 14, 2003, by which the Defendants shall submit to the United States and State Attorneys General, pursuant to section VII(A) of the Proposed Final Judgment, a definitive divestiture agreement for the New Times LA Assets. The United States reserves its right, under the Proposed Final Judgment, to review and approve the divestiture agreements and approve the Acquirers of the Cleveland Free Times Assets and the New Times LA Assets.

Dated: February 26, 2003

I hereby certify that I served a copy of the foregoing Notice Regarding Time Extension via First Class United States Mail, this 26th day of February, 2003, on:

FOOTNOTES

1. Section V(A) of the Proposed Final Judgment states:
Defendants are ordered and directed, within thirty (30) calendar days after the filing of the Complaint in this matter, to divest the Divestiture Assets in a manner consistent with this Final Judgment to an Acquirer or Acquirersacceptable to the United States in its sole discretion, after consultation with the State Attorneys General. The United States, in its sole discretion, after consultation with the State Attorneys General, may agree to an extension of this time period for any divestiture of up to thirty (30) additional calendar days, and shall notify this Court in such circumstances.