Andrew Tisdale Joins Providence Equity Partners

Providence Equity Partners Inc., the leading private equity
investment firm specializing in media, entertainment, communications
and information companies, announced today that Andrew Tisdale has
joined the firm as a Managing Director in the London office. He will
be involved with existing portfolio companies and in developing new
investments for the firm in Europe and internationally.

Mr. Tisdale, 46, joins Providence from Morgan Stanley (NYSE: MS),
where he was Co-Global Head of the Media and Communications Group and
a member of Morgan Stanley´s Management Committee for Investment
Banking. He joined Morgan Stanley in 1990 and served in a variety of
senior positions advising on media and communications transactions in
Europe, the Americas, the Middle East, Asia and Africa.

"Andrew has built an exemplary record over the last 18 years
working closely with the management teams of leading global media and
communications companies to create value," said Jonathan Nelson, Chief
Executive Officer of Providence. "We are delighted to welcome Andrew
to the Providence team and look forward to his contributions as we
continue to pursue new investment opportunities and work with our
portfolio companies."

"We have had the pleasure of working with Andrew on numerous
investments in North America and Europe over the years and have
appreciated first hand his experience and in-depth knowledge of the
media and communications sectors," said John Hahn, a Managing Director
who leads the firm´s investment activities in Europe. "He brings a
wealth of expertise and an exceptional network of relationships across
the industry. He will be a valuable new member of our team."

Prior to being named Co-Global Head of the Media and
Communications Group in 2006, Mr. Tisdale was Co-Head of the Media and
Communications Group for Europe, the Middle East and Africa and
previously served as Co-Head of the same group for North and South
America. From 1996 to 1999, Mr. Tisdale served as head of Morgan
Stanley´s activities in Brazil and previously was based in New York.

"I enjoyed the engaging and rewarding experience I had at Morgan
Stanley working with many fine professionals," said Mr. Tisdale. "I´ve
also enjoyed working with a wide variety of media and communications
companies, and given Providence´s leadership in these sectors and
their commitment to building long-term value for their portfolio
companies, this is clearly a great fit and the right next step in my
career. I have seen the professionals at Providence in action both as
clients and on the other side of transactions, and I have great
respect for their intelligent and thoughtful approach to their work. I
look forward to working with the entire team to build further on the
firm´s market leadership."

In recent years at Morgan Stanley, Mr. Tisdale has worked on media
and communication-related transactions for such clients as Altimo,
Apple Computer, Bertelsmann, Cablevision, Central European Media,
Comcast, Cox Communications, Deutsche Telekom, Fininvest, the Kingdom
of Sweden, Liberty Global, MBC, Metro-Goldwyn-Mayer, RTL, the Republic
of South Africa, Vivendi, and Yandex. He has advised on such recent
transactions as the sale of Wataniya Telecom by KIPCO to Qatar
Telecom, the sale of ProSieben.Sat1 by German Media Partners to KKR
and Permira, the IPO of CTC Media, the offer by Bertelsmann to the
minority shareholders of RTL, the sale of Sportfive to Lagardere, and
the acquisition by Vivendi of BMG Music Publishing.

Mr. Tisdale earned a B.A. degree in French and Economics from
Vanderbilt University in 1984. He earned an M.B.A. from the University
of North Carolina in 1990.

About Providence Equity Partners Inc.

Providence Equity Partners is the leading global private equity
firm specializing in equity investments in media, entertainment,
communications and information companies around the world. The
principals of Providence manage funds with approximately $21 billion
in equity commitments and have invested in more than 100 companies
operating in over 20 countries since the firm´s inception in 1989.
Significant investments include Bresnan Broadband Holdings, Casema,
Com Hem, Digiturk, Education Management Corporation, eircom, Freedom
Communications, Hulu, Idea Cellular, Kabel Deutschland,
Metro-Goldwyn-Mayer, NexTag, Ono, Open Solutions, PanAmSat,
ProSiebenSat.1, Recoletos, TDC, Univision, VoiceStream Wireless,
Warner Music Group, Western Wireless and Yankees Entertainment Sports
Network. Providence is headquartered in Providence, RI (USA) and has
offices in Hong Kong, London, Los Angeles, New Delhi and New York.
Visit www.provequity.com for more information.