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THE
BAYLISS FOUNDATION ANNOUNCES RESTRUCTURING Pacific Grove, CA - August 20, 2010 — The John Bayliss Broadcast Foundation today announced a series of changes to ensure the perpetuation of its educational mission to support students beginning a career in radio. The Foundation will transfer the administration of its scholarship program and funding to a third-party organization specializing in educational scholarships, which will be identified and announced in the near future. The Board of Directors will appoint a liaison committee to work with this organization and will continue operating under this new structure until industry conditions permit a return to a self-governing independent entity. In addition, the Board announced that Executive Director Kit Hunter Franke, who has overseen the intern and scholarship programs for 25 years with great distinction, will assist with the transition and then pursue other opportunities. "During these challenging economic times for our industry, preserving the funding for our mission is our most important goal," said Gary Fries, Chairman of the Bayliss Foundation Board of Directors. "We believe these forward-looking actions will allow us to continue our important work of encouraging and supporting young people interested in radio. I thank the Board of Directors for their time and dedication, and we look forward to continuing our tradition of awarding scholarships to bright young students." The Foundation was created in honor of John Bayliss, a 25-year radio industry veteran who generously shared his appreciation for the medium by encouraging college students to pursue a career in radio. Since 1985, the Foundation has distributed more than $1.2 million in scholarships to 345 exceptional students. These students were selected to receive the Bayliss Radio Scholarship because of their academic achievement and extracurricular radio activities, their passion for radio and their desire to contribute to the overall advancement of the radio industry. "My husband would be proud and overwhelmed to see the Foundation's incredible impact and the accomplishments of our scholarship recipients," said Alice Bayliss, wife of John Bayliss. "Kit has done a tremendous job of managing our program and I want to thank her and the entire Board of Directors for their many years of inspiring service. John believed in helping the next generation and, with these changes, weíll be able to continue his lifeís work." Media Contact: 
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