THE INSTANT TRANSACTION INVOLVES THE TRANSFER OF CONTROL OF A LICENSEE FROM ONE COMMONLY-CONTROLLED ENTITY TO ANOTHER.  THE TRANSFEROR, NORTHEAST BROADCASTING COMPANY, INC. ('NEBCO'), HAS THE FOLLOWING SHAREHOLDERS: STEVEN A. SILBERBERG, WITH AN 88.2% EQUITY INTEREST, EDWARD F. FLANAGAN, WITH AN 8.9% EQUITY INTEREST, AND LISA BURGESS, WITH A 2.9% EQUITY INTEREST.  NEBCO'S OWNERSHIP OF THE LICENSEE IS BEING TRANSFERRED TO OREGON TRAIL BROADCASTING LLC ('OREGON TRAIL').  MR. SILBERBERG OWNS 68.2%, MR. FLANAGAN OWNS 8.9% AND MS. BURGESS OWNS 2.9% OF OREGON TRAIL.  AS THE THREE PARTIES CONTROL BOTH TRANSFEROR AND TRANSFEREE, THERE IS NO NEED FOR AND THE PARTIES HAVE NOT ENTERED INTO A FORMAL WRITTEN AGREEMENT TO MEMORIALIZE THE TRANSFER OF CONTROL TRANSACTION.