Jones Media Group to Acquire TM Century

Jones Media Group^®, Ltd. (JMG) and a wholly owned subsidiary have entered into a Merger Agreement with TM Century, Inc., through which TM Century will become a wholly owned subsidiary of JMG. Upon completion of a number of conditions, this transaction is expected to close on Sept. 29, 2006.Subject to the final number of TM Century shares outstanding at closing, it is anticipated that the merger will result in the payment to TM Century stockholders of approximately $4.80 per share, of which approximately $0.34 per share would be held in escrow under the Merger Agreement. This acquisition will allow JMG and TM Century to further broaden their already diverse product offering to their valued clients.

Dallas-based TM Century creates, produces and distributes music-based products for broadcast media use. TM Century's product lines include music compilation libraries and services, production music, commercial jingles, radio and TV station imaging packages, morning show prep and comedy services along with numerous on-line imaging products.

JMG owns and operates a leading independent radio network business. JMG syndicates radio programming and services to approximately 5,700 radio stations throughout the United States and reaches about 1.6 billion weekly listener gross impressions, based on data provided by Arbitron and RADAR.

In addition to providing radio programming and services to radio stations, JMG also provides advertising sales services to third party radio programming producers, including inventory management, commercial scheduling, billing, collections and proof-of-performance affidavit collections via Jones MediaAmerica^®, Inc.

Robert W. Hampton, President of JMG, said "We are pleased to be able to acquire such a quality company with experienced, strong and talented management. TM Century has a long and distinguished history of providing quality products and services to a wide variety of media companies. I am sure that the combination of Jones and TM Century will spawn new, exciting products and services and provide additional opportunities for the associates of each company."

David Graupner, President/CEO of TM Century, said "We were looking for a partner to take TM Century to the next level and a partnership that would be a win-win-win, for our shareholders, our employees and our clients. With Jones, we got it all and then some. The Jones team gets it. They see the future of media more clearly, and more dynamically, than anyone else in the business. I haven't been this excited about going to work in a long time."

For more information about JMG, visit http://www.jones.com/. For more information about TM Century, visit http://www.tmcentury.com/.