Atlanta, August 1, 2008 – Cox Radio, Inc. (NYSE: CXR) announced today the Company completed its acquisition of six radio stations serving the Athens, Georgia market on August 1, 2008. The stations – WNGC-FM, WGMG-FM, WPUP-FM, WGAU-AM, WRFC-AM and WXKT-FM – will expand Cox Radio's portfolio to 86 stations clustered in 19 markets.

"I am pleased to welcome these six stations into the Cox Radio family of market-leading clusters in the Southeast," said Robert F. Neil, president and chief executive officer of Cox Radio. "We look forward to building on the successful track record of these stations with both listeners and advertisers in this market."

About Cox Radio
Cox Radio is one of the largest radio companies in the United States based on revenues. Cox Radio owns, operates or provides sales and marketing services for 86 stations (71 FM and 15 AM) clustered in 19 markets, including major markets such as Atlanta, Houston, Miami, Orlando, San Antonio and Tampa. Cox Radio shares are traded on the New York Stock Exchange under the symbol: CXR.

Forward-Looking Statements
Statements in this release, including statements relating to the operation of newly-acquired radio stations, are "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which are statements that relate to future plans, objectives, expectations, performance, and similar projections, as well as any facts or assumptions underlying these statements or projections. Actual results may differ materially from the results expressed or implied in these forward-looking statements due to various risks, uncertainties or other factors. These factors include our success in executing and integrating the newly acquired stations, competition and advertising demand in the market and other risk factors described from time to time in Cox Radio's filings with the Securities and Exchange Commission, including Cox Radio's Annual Report on Form 10-K for the year ended December 31, 2007. Cox Radio assumes no responsibility to update the forward-looking statements contained in this release as a result of new information, future events or otherwise.

Contact:

Analysts and Investors Neil Johnston Vice President & Chief Financial Officer Cox Radio, Inc. 678-645-4310

News Media Bobby Amirshahi Corporate Communications 678-645-4518