Westwood One Responds to Press Release Issued by Pompano Helicopters

Westwood One Responds to Press Release Issued by Pompano Helicopters

NEW YORK, April 9 /PRNewswire-FirstCall/ -- Westwood One (NYSE:WON) today responded to the April 9, 2008 press release issued by Pompano Helicopters, Inc. that falsely characterized its lawsuit against Westwood One pending in the United States District Court for the Southern District of Florida.

Pompano Helicopters formerly provided aircraft services to Westwood One's subsidiary, Metro Networks, pursuant to several contracts that were terminated in 2000 and 2001. In October 2007, Pompano Helicopters filed a Complaint against Westwood One. The Complaint's principal claim is that, in May 2000, Westwood One supposedly interfered with a possible sale of Pompano Helicopters' assets to a third party. Westwood One responded to the Complaint with a motion to dismiss, arguing that the allegations of the Complaint were barred by the four- and two-year statutes of limitations applicable to Pompano Helicopters' claims. Judge William J. Zloch issued his decision on that motion on April 3, 2008, dismissing three counts of the Complaint as time- barred, including the claim pertaining to the supposed sale of Pompano Helicopters' assets. The Court invited a future motion for summary judgment to determine whether the remaining counts are also barred by the statute of limitations, after discovery has clarified when the conduct at issue in those counts occurred. A copy of Judge Zloch's opinion can be found on the Westwood One company website by clicking the following link: http://www.westwoodone.com/pg/jsp/aboutus/pressreleases.jsp.

Pompano Helicopters' press release falsely states that its lawsuit seeks "$362 million" in damages. In fact, for the now-dismissed asset-sale count, the Complaint sought less than $6 million in damages. The remaining counts of the Complaint have no claims for actual damages, aside from an allegation that they seek, in the aggregate, "in excess of" $60,000 in compensatory damages. Moreover, Judge Zloch did not find that Pompano Helicopters had "provided sufficient cause for the lawsuit to be brought to trial." Instead, Judge Zloch dismissed three counts of the Complaint and invited a future summary judgment motion to address the remaining counts.

The case has not yet entered discovery. Westwood One believes that the remaining claims in the Complaint are without merit and it intends to defend the litigation vigorously. Westwood One is also evaluating its legal options with respect to the false statements in the Pompano Helicopters' release.

About Westwood One

Westwood One (NYSE:WON) is a platform-agnostic content company providing over 150 news, sports, music, talk, entertainment programs, features and live events to numerous media partners. Through its subsidiaries, Metro Networks/Shadow Broadcast Services, Westwood One provides local content to the radio and TV industries and to the Web. This content includes news, sports, weather, traffic, video news services and other information. SmartRoute Systems manages traffic information centers for state and local departments of transportation, and markets traffic and travel content to wireless, Internet, in-vehicle navigation systems and voice portal customers. Westwood One serves more than 5,000 radio stations. For more information please visit www.westwoodone.com.

First Call Analyst:
FCMN Contact:

Source: Westwood One

CONTACT: David Hillman, Westwood One, +1-212-641-2075

Web site:

http://www.westwoodone.com/

-------
Profile: intent