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ACME Communications Acquires Rights to Four Pending FCC License Applications; Expects Three New WB Network Markets and a Second Station in Portland, OR

Business Wire, July 19, 2000

Business Editors

SANTA ANA, Calif. and ST. LOUIS, Mo.--(BUSINESS WIRE)--July 19, 2000

ACME Communications, Inc. (NASDAQ: ACME), the nation's third largest affiliate group of The WB Television Network, today announced that it has signed four separate definitive agreements with parties who have filed applications with the Federal Communications Commission ("FCC") for new broadcast television station licenses in four markets: Portland, OR (market rank No.23), Richmond, VA (market rank No.60), Flint-Saginaw-Bay City, MI (market rank No.64) and Lexington, KY (market rank No.66). Upon receipt of all FCC approvals, ACME will acquire the licenses and build the television stations. The stations in Richmond, Flint-Saginaw-Bay City and Lexington will become affiliates of The WB Television Network and the station in Portland, where ACME already owns the WB Television Network affiliate, will be independently programmed and represent ACME's second duopoly market. It is expected that the stations will be built and on the air by the end of 2001.

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Doug Gealy, President and Chief Operating Officer of ACME, commented: "This transaction reflects our continued strategy to acquire and build TV stations in attractive mid-sized markets with strong growth potential. The three new WB affiliates will add 1.3% of the country's television households to our current 5.4% market coverage. Overall, these transactions, if approved by the FCC, will expand our station base, strengthen our program acquisition leverage, and increase the revenue-generating potential of our company."

ACME Communications, Inc. currently owns and operates ten television stations: KPLR-TV, St. Louis MO; KWBP-TV, Portland, OR; KUWB-TV, Salt Lake City, UT; KWBQ-TV and KASY-TV, Albuquerque-Santa Fe, NM (the nation's first official duopoly); WBDT-TV, Dayton, OH; WBXX-TV, Knoxville, TN; WIWB-TV, Green Bay-Appleton, WI; WBUI-TV, Champaign-Springfield-Decatur, IL; and WTVK-TV, Ft. Myers-Naples, FL. All of the Company's stations, except KASY-TV, a UPN affiliate, are WB Network affiliates.

Forward-Looking Statements:

The matters discussed in this press release include forward-looking statements. In addition, when used in this press release, the words "expects," "will," and similar expressions are intended to identify forward-looking statements. Such statements are subject to a number of risks and uncertainties. Actual results in the future could differ materially and adversely from those described in the forward-looking statements as a result of various important factors, including (but not limited to) inability to secure FCC approvals, termination of the agreements to acquire the construction permits; costs to acquire, construct and operate the stations, pricing fluctuations in local and national advertising, volatility in programming costs, and other risk factors set forth in the Company's Form S-1 Registration Statement, as amended, initially filed with the Securities and Exchange Commission on July 30, 1999, pursuant to the Securities Act of 1933. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.

Business Services Industry

ACME Communications Acquires Rights to Four Pending FCC License Applications; Expects Three New WB Network Markets and a Second Station in Portland, OR

Business Wire, July 19, 2000

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