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truTV is television's destination for real-life stories told from an exciting and dramatic first-person perspective and features high-stakes, action-packed originals that give viewers access to places and situations they can't normally experience. Among truTV's primetime fan favorites are the original series Black Gold, The Smoking Gun Presents: World's Dumbest..., The Principal's Office, Speeders, Disorder in the Court, Forensic Files, Operation Repo, Most Shocking and Most Daring. Turner Broadcasting System, Inc., a Time Warner company, creates and programs branded news, entertainment, animation and young adult media environments on television and other platforms for consumers around the world.

Crown Media Holdings, Inc. owns and operates cable television channels in the U.S. dedicated to high-quality, broad appeal, entertainment programming. The Company currently distributes Hallmark Channel in the U.S. to 86 million subscribers through more than 5,300 cable systems and communities as well as direct-to-home satellite services across the country. Our popular and award-winning programming includes classic series, original movies, mini-series and first-run presentations from third parties. We believe that the demand for and appeal of Hallmark Channel has been confirmed by the steady and significant growth in the number of our subscribers, our television ratings and the number of companies who choose to advertise on Hallmark Channel. Hallmark Channel currently ranks among the top ten cable networks in terms of ratings and household dlelivery for both Total Day and Prime Time among all 73 ad-supported cable channels according to Nielsen. Crown Media Holdings also operate a second 24-hour linear channel, Hallmark Movie Channel in botyh Standard and High-Definition formats. Hallmark Movie Channel airs programming primarily from longer form programming which also airs on Hallmark Channel. Hallmark Movie Channel is distributed to 16 million subscribers.Crown Media derives revenues primarily from subscriber fees paid by television distributors for the right to carry the Hallmark Channel, the sale of advertising time on our channels. For 2008, our revenues were $281.8.3 million, reflecting a 20% increase in revenues as compared to 2007. The success of our programming generates increases in ratings, supports distribution expansion and provides for increased CPM’s to consistently deliver strong growth in advertising revenues. For the first time in our history, Crown Media reported significant positive EBITDA of $66.2 million for the year.

DIRECTV delivers satellite-based television services to U.S. customers in homes and businesses. Our operations include some of the world's most advanced technologies in the delivery of a seamless viewing experience.DIRECTV Latin America is a leading provider of satellite television services throughout Latin America. DTVLA is comprised of: PanAmericana, which provides services in Venezuela, Argentina, Chile, Colombia, Puerto Rico and certain other countries in the region through our wholly-owned subsidiary, DIRECTV Latin America, LLC, or DLA LLC; our 74% owned subsidiary Sky Brasil Servicos Ltda., which we refer to as Sky Brazil; and our 41% equity method investment in Innova, S. de R.L. de C.V., or Sky Mexico. As of September 30, 2007, PanAmericana had approximately 1.6 million subscribers, Sky Brazil had approximately 1.4 million subscribers and Sky Mexico had approximately 1.5 million subscribers.

Discovery Communications (Nasdaq: DISCA, DISCB, DISCK) is the world's number one nonfiction media company reaching more than 1.5 billion cumulative subscribers in over 180 countries. Discovery empowers people to explore their world and satisfy their curiosity through 100-plus worldwide networks, led by Discovery Channel, TLC, Animal Planet, Science Channel, Investigation Discovery, Planet Green and HD Theater, as well as leading consumer and educational products and services, and a diversified portfolio of digital media services.

FX Networks operates cable channel FX, which reaches more than 90 million US homes with a slate of edgy and award-winning original programming. Its top shows include Nip/Tuck and Rescue Me, along with off-kilter comedy It's Always Sunny in Philadelphia. The network fills out its schedule with syndicated reruns (including That 70's Show, The Practice, and Spin City) and movies. The FX channel was launched in 1994; FX Networks is a unit of News Corporation's Fox Entertainment Group.

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