<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>form8-kpr.txt
<DESCRIPTION>LIC FORM 8-K EXHIBIT 99 - PR
<TEXT>
                                                                Exhibit 99.1


LYNCH INTERACTIVE
CORPORATION


                                                                   Press Release
                                                           For Immediate Release


                    LYNCH INTERACTIVE REPURCHASES $10 MILLION
                  CONVERTIBLE NOTE FROM CASCADE INVESTMENT, LLC

     Rye, New York, November 29, 2002 - Lynch Interactive Corporation (ASE: LIC)
announced today the repurchase from Cascade  Investment,  LLC, of $10 million in
principal  amount of its 6%  convertible  notes at 105%.

     The notes, which were convertible into Lynch Interactive's  common stock at
a  conversion  price of  $42.50  per  share,  representing  235,294  shares,  or
approximately  7.7%  of the  outstanding  shares  of  common  stock  on a  fully
converted basis. We thank Cascade for their investment in Lynch as well as their
continuing  interest in our company's  rural ILEC endeavors.

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

Contact:
Robert E. Dolan
Chief Financial Officer
John Fikre
Vice President-Corporate Development
(914) 921-8821 Release 02-12


                 401 Theodore Fremd Avenue, Rye, New York 10580
                     Tel: 914-921-8821 - Fax: 914-921-6410

</TEXT>
</DOCUMENT>