AT&T U-verse TV to Include ION Media Networks Content
ION's Flagship Network and 24-Hour Diginets to be Added to U-verse TV Lineup
San Antonio, Texas, West Palm Beach, Florida, March 5, 2007
AT&T Inc. (NYSE:T) and ION Media Networks, Inc. (AMEX:ION) today announced a distribution agreement to deliver ION's suite of programming channels as part of the AT&T U-verseSM TV channel lineup.
Under the agreement, AT&T will carry ION Television, ION's flagship network, which features a broad mix of popular series, movies, sports and specials targeted to families and viewers of all ages. Additionally, AT&T U-verse TV will offer ION's recently launched 24-hour diginets, qubo, a bilingual, educational children's network focused on literacy and values, and ION Life, promoting active lifestyles, personal growth and wellness.
"We are pleased to offer ION's portfolio of diversified network programming to our U-verse TV subscribers," said Dan York, head of programming, AT&T Operations, Inc. "ION, qubo and ION Life are welcome additions to our channel lineup and enhance the value of our program offerings."
"We are delighted about initiating our television affiliation with AT&T," said Brandon Burgess, president and CEO, ION Media Networks. "AT&T is making major investments in its next-generation, multimedia consumer platform, and we are excited about the opportunity to deliver ION's content brands to AT&T U-verse customers."
AT&T U-verse TV is delivered by Project Lightspeed, the company's initiative to expand the fiber-optics network deeper into neighborhoods to deliver U-verse TV, AT&T Yahoo!® High Speed Internet U-verse Enabled and, in the future, Voice over IP services. Through its subsidiaries, AT&T expects to reach nearly 19 million households by the end of 2008 as part of its initial deployment, using fiber-to-the-node (FTTN) and fiber-to-the-premises (FTTP) technologies.
Financial and other terms of the agreement were not disclosed.
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AT&T Inc. is a premier communications holding company in the United States and around the world, with operating subsidiaries providing services under the AT&T brand. AT&T is the recognized world leader in providing IP-based communications services to businesses and the U.S. leader in providing wireless, high speed Internet access, local and long distance voice, and directory publishing and advertising through its Yellow Pages and YELLOWPAGES.COM organizations. As part of its three-screen integration strategy, AT&T is expanding video entertainment offerings to include such next-generation television services as AT&T U-verseSM TV. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at www.att.com.
About ION Media Networks, Inc.
ION Media Networks, Inc. owns and operates the nation's largest broadcast television station group, reaching over 90 million U.S. television households via its nationwide broadcast television, cable and satellite distribution systems. Our flagship network currently features popular television series and movies from the award-winning libraries of Warner Bros., Sony Pictures Television, CBS Television and NBC Universal. In addition, we have partnered with RHI Entertainment, which owns over 4,000 hours of acclaimed television content, to provide our network with high-quality primetime programming beginning July 2007. Utilizing our digital multicasting capability, we have launched several new digital TV brands, including qubo, a television and multimedia network for children formed in partnership with Scholastic, Corus Entertainment, Classic Media and NBC Universal, as well as a television and multimedia network dedicated to health and wellness for consumers and families. For more information, please visit www.ionmedia.tv.
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