LYNCH INTERACTIVE
CORPORATION
                                                                   Press Release
                                                           For Immediate Release

                     LYNCH INTERACTIVE CORPORATION ANNOUNCES
          ACQUISITION OF CABLE SYSTEMS IN UTAH AND PROVIDES ADDITIONAL
                           INFORMATION ON "GOING DARK"

RYE,  New  York,  March  22,  2005 -  Lynch  Interactive  Corporation  (ASE:LIC)
announced  today that its  subsidiary  Central  Telcom  Services,  LLC, based in
Fairview,  Utah, has closed on an agreement with Precis  Communications,  LLC, a
Colorado limited liability company, to acquire a cable television system located
in Sanpete and Sevier  Counties,  Utah.  The  purchase  price of  $3,735,200  is
subject to  adjustment  at  closing.  With the  addition  of these  2,500  cable
subscribers,  Lynch  Interactive  will  expand its cable  services to over 6,100
customers.  Central Telcom Services and its affiliates,  including  Central Utah
Telephone  Company,  offer  Internet  and  telephone  services  and will be well
positioned  to promote  additional  services to their new and existing  customer
base.

In addition,  in response to questions raised by some shareholders about what is
referred  to  as  "going  dark",  it  is  the  Company's  current  intention  to
voluntarily  disseminate press releases,  quarterly  financial  statements,  and
audited annual financial statements to its shareholders and other members of the
general investment  community.  Going dark, for those on Wall Street,  generally
means  deregistering  with the SEC and  being  quoted on the  "bulletin  board,"
instead of a securities exchange.

Interactive is a holding  company with  subsidiaries  in multimedia and actively
seeks acquisitions,  principally in existing business areas. Interactive's World
Wide Web address is http://www.lynchinteractivecorp.com.

     This press release contains certain  forward-looking  statements within the
meaning of Section 27A of the  Securities  Act of 1933, as amended,  and Section
21E of the Securities Exchange Act of 1934, as amended, which are intended to be
covered by the safe harbors created thereby. Although Lynch Interactive believes
that the assumptions underlying the forward-looking  statements contained herein
are reasonable, any of the assumptions could be inaccurate, and therefore, there
can be no assurance that the  forward-looking  statements included in this press
release will prove to be  accurate.  In light of the  significant  uncertainties
inherent in the  forward-looking  statements  included herein,  the inclusion of
such information should not be regarded as a representation by Lynch Interactive
or any other person that the objectives and plans of Lynch  Interactive  will be
achieved.

                                 * * * * * * *

Contact: John A. Cole
         Vice President, Corporate Development,
         Secretary and General Counsel

Release 05-05



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