Levy Named COO of Nickelodeon, MTVN Kids and Family Group

NEW YORK, May 15: Sarah
Kirshbaum Levy has been promoted to COO of Nickelodeon and MTVN Kids and Family
Group, reporting to Cyma Zarghami, the president of Nickelodeon Kids and Family
Group.

In her new role, Levy will oversee the overall finance,
strategic planning and business operations for the company, and will continue
to have day-to-day business management for Nickelodeon's finance, business
development, recreation and magazine departments, as well as the back-office
operations for Nickelodeon's Consumer Products group. She will serve as a key
conduit to MTV Networks and Viacom in representing the Kids and Family Group
businesses.

Levy most recently served as the executive VP of strategy
and business operations at Nickelodeon. During her tenure at Nickelodeon and
MTV Networks, Levy has overseen acquisitions strategies for the division, which
resulted in the addition of Neopets, GoCityKids.com and Noggin. She has
overseen the development of Nickelodeon's long-range business and development
plans, and also played a key role in the development of Nickelodeon's online
and wireless strategies and website integration, and in creating the first
Nickelodeon-branded hotel in Orlando, Florida.

"Sarah is one of the most astute and strategic thinkers
in the business," commented Zarghami. "As our company has grown, so
have the complexities of running it. Sarah is uniquely qualified to help manage
our business growth moving forward, and to ensure that our short and long-term
goals are being met. I am thrilled to have her on my leadership team."