LBI Media Holdings/LBI Media Complete Note Exchange Offer

Completes Note Exchange Offer

LBI MEDIA HOLDINGS, INC. and its LBI MEDIA, INC. wholly-owned subsidiary have completed their exchange offer for LBI MEDIA HOLDINGS' outstanding 11% Senior Discount Notes due 2013.

Holders of approximately $10.3 million in principal amount of the notes took part, and about  $0.7 million remain outstanding.  LBI expects to pay the consideration for the notes on OCTOBER 4th, paying pro rata distributions of $4 million in cash, $5 million in principal amount of LBI MEDIA 11 1/2%/13 1/2% PIK Toggle Second Priority Secured Subordinated Notes due 2020, and $1.8 million in principal amount of LBI MEDIA HOLDINGS 11% Senior Notes due 2017.

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