Tom Calderone Named President of VH1

NEW YORK, October 20: Tom
Calderone, who has been the executive VP and general manager of VH1 since 2005,
will now serve as the company’s president, managing a portfolio that includes
VH1, VH1 Classic, VH1 Soul, VH1.com and all brand extensions.

Calderone will continue to
be responsible for the day-to-day leadership, strategy and management of VH1's
entire on-air and digital businesses. He will continue to be based in New York
and report directly to MTV Networks’ music and Logo group president, Van
Toffler.

"Tom has an
encyclopedic knowledge of music, great instincts in identifying the next
cultural phenomenon for the VH1 audience, a sharp business sense and an
inexplicable love of the Buffalo Bills," said Toffler. "Those
characteristics not only make him a unique and thoughtful leader, but just an
all around good person to have on your team and driving one of your key
brands."

Under Calderone's
leadership, VH1 posted 23 consecutive quarters of growth among total viewers,
with the first quarter of 2008 marking the network's highest rated ever among
the key 18-to-49 demographic. In addition to his responsibilities for VH1,
Calderone will continue to drive growth for Palladia, MTV Networks'
high-definition music channel that boasts 12 million subscribers. He also
serves as chairman of the VH1 Save the Music Foundation, which has donated more
than $40 million worth of music instruments to restore music education programs
to public schools across the country. Calderone also directs VH1 Classic's Rock
Autism initiative.

—By Kristin
Brzoznowski