Radio One, Inc. Announces That Peter D. Thompson Has Been Named Chief Financial Officer and Equity Media Holdings Corporation Amends Credit Facilities with Silver Point Finance and Wells Fargo Foothill

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City of Industry, CA --(www.USEquityNews.com)-- 02/21/2008 - Media entertainment industry alert provided by U.S. Equity News. Radio One, Inc. (NASDAQ: ROIAK) announced recently that effective immediately Peter D. Thompson has assumed the role of Chief Financial Officer, reporting to Alfred C. Liggins, III. Mr. Thompson brings over 20 years of financial experience to Radio One, both as a public accountant and with the 13 years spent at Universal Music in the United Kingdom, five of them as CFO of this enterprise. As CFO, he managed a team of 120, including the IT department, handled SOX and SEC compliance issues and spearheaded expense savings and EBITDA growth.


EPIC Corporation (OTC: EPIO) announced that it has entered into an agreement to purchase a television station in Northern California. EPIC's objective is to have a direct satellite link to market its original sports and entertainment programing potentially reaching over 4,000 independent stations nationwide that have a market for original and affordable programing. The company has received its booking, management and managers license for boxing and martial arts events.

Recently, Equity Media Holdings Corporation (NASDAQ: EMDA) entered into a new credit facility with Silver Point Finance, LLC and Wells Fargo Foothill, Inc. This agreement refinances the existing credit facility with the same parties and provides Equity Media with the release of certain reserves. In order to comply with certain provisions of the new agreement, the company agreed to pursue the sale of certain assets.

ION Media Networks, Inc. (AMEX: ION) announced recently that it has entered into an agreement with Twentieth Television to air the David E. Kelley hit television series, "Boston Legal," on ION Television, beginning this Fall. The agreement marks a milestone in the network's commitment to popular and diverse entertainment. "'Boston Legal' will be to ION Television what Denny Crane is to Crane, Poole & Schmidt - bold, outrageous and positively entertaining," said Brandon Burgess, Chairman and CEO, ION Media Networks.

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