Providence Makes Investment in NBCU/News Corp. Online Venture

August 9, 2007 World Screen

SAN FRANCISCO/NEW YORK, August 9: According to The New York Times, the private equity firm Providence Equity Partners has acquired a
10-percent stake in the new online video venture from NBC Universal and News
Corporation for $100 million.

The as-yet-unnamed service is expected to launch later this
summer, bringing television and film content to users in an ad-supported
environment, with distribution partners that include AOL, MSN, MySpace and
Yahoo! The Providence investment will be used to accelerate the launch of the
service and to get content ready for online distribution.