News Corp. CEO Rupert Murdoch sells 2M shares and Disney Interactive Studios Launches DGamer Community With Disney/Walden Media's The Chronicles of Narnia: Prince Caspian on Nintendo DS(TM)

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City of Industry, CA --(www.USEquityNews.com)-- 05/16/2008 - Media entertainment industry alert provided by U.S. Equity News. The chairman and chief executive of media conglomarate News Corp. (NYSE: NWS) Inc. sold 2 million shares of common stock, according to a Securities and Exchange Commission filing Wednesday. In a Form 4 filed with the SEC, Rupert Keith Murdoch sold the shares Tuesday for $18.82 apiece, or $37.6 million. Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.


The New York Times won three accolades for its Web sites and USA Recently won two as the "EPpy Awards" were announced Thursday. Also among the 13th annual EPpy Awards for media Web sites, from Editor & Publisher and Mediaweek magazines, was one for The Associated Press for its Katrina recovery coverage. Cars.com won for best classified Web site with more than 1 million visitors, while The FanHouse from Time Warner Inc.'s (NYSE: TWX) AOL was named best sports blog. Metromix.com won for best overall design among smaller sites.

Disney Interactive Studios (NYSE: DIS) recently announced the availability of DGamer in North America for Nintendo DS(TM) users in conjunction with the launch of the Nintendo DS version of Disney/Walden Media's The Chronicles of Narnia: Prince Caspian. DGamer from Disney is the first-of-its-kind online community developed exclusively for Disney video gamers. Players can now use their Nintendo DS handhelds to interact with each other while on the go via the Nintendo Wi-Fi Connection and online through the DGamer Web site (www.DGamer.com). The integrated service is scheduled to be included at no additional cost on subsequent Nintendo DS titles from Disney. DGamer is also scheduled to be available in other international regions by 2009.

EPIC Corporation (OTC: EPIO) (the "Company"), a multi-media communications and broadcasting company, announced that two shareholders have returned 15 Million shares of EPIC's common stock to the Company and the shares have been cancelled and returned to authorized but unissued shares. The issued and outstanding shares of the Company is now 11,262,023 shares. The Company, in exchange for the cancellation of the shares, agreed to issue the shareholders shares in the newly formed EPIC Communications Corp., a majority owned subsidiary of the Company, which is to become the multi-media communications and broadcasting operating company.

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