FOR IMMEDIATE RELEASE

October 16, 2007

Contact: Waldo Glasman
Managing Director
(212) 218-5091

wglasman@ceaworldwide.com

TV Panorama Partners with Rede INTEGRAÇÃO

Communications Equity Associates (“CEA”) announced today that it advised on the structuring of a partnership between Rede Integração (“RI”), a Brazilian TV network affiliated with Rede Globo in the Triângulo Mineiro region, and TV Panorama (“TVP”), a TV station affiliated with Rede Globo in the City of Juiz de Fora.  The partnership terms include: i) The acquisition of a 50% equity interest in TVP by RI’s controlling shareholders, ii) The creation of a synergistic platform encompassing certain operating aspects of both companies, iii) Dr. Omar Resende Peres will continue to serve as TVP’s President, and iv) Mr. Rogerio Nery de Siqueira Silva, RI’s CEO, will oversee TVP’s operations. 

RI is a pioneer in the Brazilian TV market as well as Rede Globo’s first affiliate station, since 1970.  RI covers a population of approximately three million in the Triângulo Mineiro region, State of Minas Gerais, with TV stations in the cities of Uberlândia, Araxá and Ituiutaba. 

TVP is Rede Globo’s affiliate station in the City of Juiz de Fora, State of Minas Gerais.  TVP covers a population of approximately two million.  TVP’s radio station (Radio Panorama) and newspaper (Jornal Panorama da Mata) will continue to be owned and managed by Dr. Omar Resende Peres.

CEA advised RI on the negotiation and structuring of the transaction.  Waldo Glasman, Managing Director of CEA’s Latin America Group, led the CEA team of bankers who executed the transaction.  Mr. Glasman is based in CEA’s New York office.

Founded in 1973, CEA is a leading provider of investment banking services and private equity to the global media, entertainment, communications and information technology industries.  With a team of highly experienced personnel worldwide, CEA has an unequaled depth and breadth of industry knowledge, expertise and long-standing industry relationships.  CEA has completed over 900 transactions with an aggregate value of approximately US$40 billion in over 50 countries.  CEA’s affiliates also manage a worldwide family of funds with committed capital of over US$1.15 billion for private equity investments.  CEA’s reputation and track record of success are built on delivering innovative, value-added solutions and services to clients worldwide.

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