Exhibit 99.2

Historical Free Cash Flow Reconciliation

Cox Radio, Inc.

	1st Qtr 2003			2nd Qtr 2003			3rd Qtr 2003			4th Qtr 2003			Total Year 2003
Net Income	$	9,377		$	18,068		$	18,445		$	20,735		$	66,625
Adjustments:
Cumulative effect of accounting change		—			—			—			—			—
Deferred income tax expense		2,911			5,879			6,586			3,738			19,114
Other expense		124			115			123			117			479
Other operating expenses, net		(1	)		29			24			836			888
Amortization		30			29			29			29			117
Depreciation		2,944			2,977			2,945			2,848			11,714
Less: Capital Expenditures		(2,726	)		(3,212	)		(2,184	)		(2,427	)		(10,549	)
Free Cash Flow	$	12,659		$	23,885		$	25,968		$	25,876		$	88,388

	Year Ended December 31,
	2002			2001			2000			1999			1998			1997			1996
Net Income	$	45,941		$	20,691		$	305,937		$	55,260		$	23,040		$	49,724		$	14,945
Adjustments:
Cumulative effect of accounting change		13,934			787			—			—			—			—			—
Deferred income tax expense		23,576			(11,487	)		209,482			18,446			5,789			25,187			1,001
Other expense		508			476			579			348			408			701			377
Non-cash mark-to-market unrealized gain		—			—			(1,606	)		—			—			—			—
Other operating expenses, net		313			(2,097	)		(474,502	)		(40,509	)		—			(49,129	)		(2,016	)
Amortization		118			58,243			35,192			21,937			17,560			13,170			5,536
Depreciation		12,096			11,392			7,800			7,175			5,841			4,286			2,533
Less: Capital Expenditures		(11,891	)		(17,001	)		(11,607	)		(6,749	)		(6,898	)		(10,820	)		(3,526	)
Free Cash Flow	$	84,595		$	61,004		$	71,275		$	55,908		$	45,740		$	33,119		$	18,850