BLACK ENTERPRISE MAGAZINE LAUNCHES
THE BLACK ENTERPRISE BUSINESS REPORT

Financial News Reports Airs Three Times Daily

New York, NY (April 18, 2003) - BLACK ENTERPRISE magazine, the nation's award-winning business news publication for African Americans, has collaborated with United Stations Radio Networks, an independent leader in network radio programming, to create The Black Enterprise Business Report, a radio series providing business news and segments on personal finance, career development, and entrepreneurship.

Launched on April 14, 2003, the three daily reports are produced for broadcast during morning-drive, midday, and afternoon-drive times, Monday through Friday. The Black Enterprise Business Report is being offered to all stations but is primarily targeted at urban and urban adult contemporary formats.

In announcing the significance of this new launch, Derrick Godfrey, vice president of business development at Graves Ventures, remarked: "This new radio initiative provides a wonderful platform to further expand the BLACK ENTERPRISE brand, while offering radio stations and their listeners access to the invaluable resources that are synonymous with the BLACK ENTERPRISE name. As we embark on this opportunity, we have fostered an exciting new relationship with our partner, United Stations Radio Networks."

United Stations Radio Networks Inc. is the nation's largest independently owned and operated radio network, offering stations and advertisers a variety of programming for urban radio. Bobby Gailes, United Stations' director of urban programming, notes: "United Stations is proud to be the radio partner associated with BLACK ENTERPRISE. This association follows the network's philosophy of developing and pursuing quality urban programming projects with partners who are recognized leaders in their respective fields."

For more information about The Black Enterprise Business Report, please contact Donna Dick at 212-886-9560.

BLACK ENTERPRISE magazine, your ultimate guide to financial empowerment, is the premier business and investment resource for African Americans. Since 1970, BE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. Monthly, the publication provides 4 million readers with information on entrepreneurship, careers, and financial management. As the definitive source of information for and about African American business markets and its leaders, BE is the authority for business news and trends. The magazine is published by Earl G. Graves Publishing Co. Inc.

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