SURW Surewest Communications (MM)

ROSEVILLE, Calif., Feb. 28 /PRNewswire-FirstCall/ -- Leading independent telecommunications holding company SureWest Communications (NASDAQ:SURW) today announced that it has completed the previously announced sale of its Directory Publishing business to GateHouse Media, Inc. (NYSE:GHS). (Logo: http://www.newscom.com/cgi-bin/prnh/20050908/SFSUREWESTLOGO ) GateHouse Media acquired 100% of the stock of SureWest Directories, a wholly owned subsidiary of SureWest Communications, for an aggregate cash purchase price of $110.0 million, including $3.5 million of working capital, for a net purchase price of $106.5 million. GateHouse Media will become the publisher of the official directory of SureWest Telephone. About SureWest Communications Serving the Northern California region for more than 90 years, SureWest Communications (http://www.surewest.com/) is one of the nation's leading integrated communications providers. SureWest's bundled offerings include an array of advanced digital video, high-speed Internet, local and long distance telephone, PCS wireless and directories services. SureWest's fiber-to-the- premise IP-based network features high-definition video and Internet speeds of up to 50 Mbps. Contact: Karlyn Oberg Director of Investor Relations 916-786-1799 http://www.newscom.com/cgi-bin/prnh/20050908/SFSUREWESTLOGO http://photoarchive.ap.org/ DATASOURCE: SureWest Communications CONTACT: Karlyn Oberg, Director of Investor Relations, SureWest Communications, +1-916-786-1799, or Web site: http://www.surewest.com/

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