The Walt Disney Company Announces Redemption of 2.125% Convertible Senior Notes Due 2023 and Newly Released Third-Party Metrics Validate Last.fm is the Fastest-Growing Free Online Music Network in the U.S.

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City of Industry, CA --(www.USEquityNews.com)-- 03/17/2008 - Media entertainment industry alert provided by U.S. Equity News. The Walt Disney Company (NYSE: DIS) announced recently that it will redeem all of its outstanding 2.125% Convertible Senior Notes due 2023 (CUSIP No. 254687AU0), on April 15, 2008 (the "Redemption Date") at 100% of the principal amount of the Notes plus accrued interest to the Redemption Date. Wells Fargo Bank shall act as the Paying Agent. In lieu of surrendering the Notes for redemption, holders may elect to convert the Notes or any portion thereof which is $1,000 or an integral multiple of $1,000, into shares of Disney Common Stock.


EPIC Corporation, (OTC: EPIO) (the "Company"), a multi-media communications and broadcasting company, announced that it has entered into an exclusive distribution agreement with Carol Angela Davis, Inc. and Global Broadcasting & Syndication Inc., to broadcast original mixed martial arts events, professional boxing and wrestling to twelve European nations to include Germany, Switzerland, Austria, The Alto Adige Province of Italy, Lichtenstein, Luxembourg, Denmark, Croatia, Serbia, Bosnia, Montenegro and Turkey. "The television distribution agreement is a major leap for American sports and our company. I am looking forward to bringing quality broadcasting and sports entertainment to Europe.

Last.fm, the CBS Corporation (NYSE: CBS) -owned social music Web site, recently announced that recently released numbers by Comscore and Nielsen Online show that since it introduced free-on-demand service it has become the fastest growing free online music network in the U.S. The third-party metrics issued by Comscore and Nielsen Online resemble internal numbers released last month by Last.fm showing the site experienced month-over-month growth across the board in terms of unique visits, page views and total minutes spent on the site.

Shares of Sinclair Broadcast Group Inc. (NASDAQ: SBGI) are recently falling, after an analyst said growth opportunities for the television broadcasting company are limited.UBS analyst Lucas Binder says near-term growth in Sinclair's transmission revenue will slow substantially because at least 90 percent of current subscribers are already under contract. Binder says the next chance for an increase in retransmission revenue won't happen until later this year at the earliest, when many of the company's agreements are up for renewal.

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