Turner Invests in Premiere Star

MUNICH, April 8: Turner Broadcasting System International has acquired
8.5 percent of the German pay-TV platform Premiere Star from Premiere AG.

With its investment, Turner becomes the third-largest shareholder of
Premiere Star, after Premiere AG and HVB Capital Partners. Premiere Star’s
programming packages, Premiere Thema and Premiere Star, include a total of 34
channels with 170,000 subscribers. Turner’s entertainment
channels—Boomerang, Cartoon Network and Turner Classic Movies—have
been part of Premiere Star’s portfolio since its launch in September 2007.

Hans Seger, the chief program officer with Premiere AG, said: “We are
pleased that one of the largest media companies in the world is investing in
Premiere Star. Turner’s commitment indicates Premiere Star’s corporate
potential.”

Wolfram Winter, the general manager of Premiere Star, commented: “We are
gaining another associate who has expert knowledge in media. Premiere and
Turner have been working together successfully since our launch, and this cooperation
with Turner can now be strategically expanded.”

Jeff Kupsky, the president of Turner EMEA, said: “This investment in
Premiere Star once again demonstrates how significant the German market is for
Turner and that we believe in its growth potential.”

“With this strategic investment in Premiere Star we are once again
supporting the German pay-TV market in an important period of growth,” added
Hannes Heyelmann, the channel manager of Turner’s entertainment division in the
German-speaking territories. “We are thrilled to be investing in a company to
whose success we have already contributed with our three pay-TV channels.”

—By Irene Lew