SPE POTENTIAL INVESTMENTS

October 8, 2010

CONFIDENTIALDRAFT

DRAFT AS OF7 OCT, 6:30PM

CONFIDENTIALDRAFT

Transactions Under Discussion

DescriptionCash

Estimate1OpportunityResulting Equity

Position

Teleset2

Buy incremental 1%

Obligation to buy remaining 49%

Teleset is a production company in Colombia; initial transaction would be to exercise an option to acquire an incremental 1% to gain control; a put for 49% would then become active

$1M

$15-20M

51% (step up from 50%)

100% (step up from 51%)

Notes: 1. Cash investment does not assume repayment of any outstanding debt and are very early estimates subject to change should deal progress 2. Included in MRP financial estimates

CONFIDENTIALDRAFT

GSN U.S. Cable Network; SPE currently holds 35%

$150M

Likelihood of deals varies; discussions are in early assessment and analysis phase

MSM India

Maa TV

ALL3MEDIA

Shine

Neo Sports

Buy-out existing partners in Indian networks

Indian regional (Telugu) TV network

Indian general sports network

UK production company

UK production company (exit is currently under consideration assuming we cannot gain control; but consider buy-up if control is feasible)

$150-225M

$50M

$100M

$175-375M

$210-340M

51% (step up from 35%)

100% (buy out partners’ 38% interest)51%

51%

51% - 100%

51% - 100% (step up from 20%)

Notes: 1. Cash investment does not assume repayment of any outstanding debt and are very early estimates subject to change should

deal progress 2. Included in MRP financial estimates

DescriptionCash

Estimate1OpportunityResulting Equity

Position

Discovery Networks2

Several of Discovery's smaller UK cable networks

$25M 51%

Transactions Being Explored

CONFIDENTIALDRAFT

Ovation U.S. TV network$350M

Fuel U.S. TV network

MGM International TV networks

$150M

$50-100M

100%

100%

51%

Likelihood of deals varies

DescriptionCash

Estimate1OpportunityResulting Equity

Position

Hallmark-GSN merger

If GSN control secured, merge with another U.S. cable network(s)

$200 - $300M

51%

Note: 1. Cash investment does not assume repayment of any outstanding debt and are very early estimates subject to change should deal progress

Transactions Under Internal Consideration