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Satellite

Pegasus Extends Tender Offer

3/22/2004 5:25 AM Eastern

Pegasus Communications Corp. said late Sunday that its Pegasus Satellite Communications Inc. subsidiary has extended its pending cash tender offer for the aggregate principal amount of up to $100 million of outstanding debt securities maturing 2005-07.

The offer’s expiration date was extended from 5 p.m. EST March 19 to 5 p.m. EST March 29, unless further extended. In addition, the company extended the deadline for holders to withdraw tenders until 5 p.m. EST March 29, unless further extended.

Banc of America Securities LLC is the offer’s exclusive dealer/manager.

September