Classic Communications Retains Waller Capital As Financial Advisor

New York, NY

New York, NY – Classic Communications, Inc. said it has retained Waller Capital Corporation to advise and assist it in exploring the potential sale or exchange of small cable systems and, possibly, a limited number of selected other systems.

Waller Capital Corporation, based in New York City, is the nation’s leading investment bank for the cable television industry, having managed over 250 transactions valued at more than $30 billion. Waller’s past clients have ranged from small, independent operators to large MSOs including, AT&T, AOL Time Warner, Cablevision Systems Corporation and Charter Communications.

Classic Communications, Inc., based in Austin, Texas, provides communications and entertainment services in approximately 600 non-metropolitan markets in Texas, Kansas, Oklahoma, Nebraska, Missouri, Arkansas, Louisiana, Colorado, Ohio and New Mexico. Classic trades on the NASDAQ under the trading symbol “CLSC”.

The Company does not intend to make any further announcements concerning the retention of Waller or any possible transaction involving the systems unless a definitive transaction is approved by the Board of Directors.

For More Information Contact:
Garrett M. Baker – Vice President
Waller Capital Corporation
(212) 632-3600