CBS Axes Reality Show After 1 Episode and CTC Media Schedules First Quarter 2008 Earnings Release and Conference Call

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City of Industry, CA --(www.USEquityNews.com)-- 04/11/2008 - Media entertainment industry alert provided by U.S. Equity News. The secret talents of celebrities will remain hidden. CBS (NYSE: CBS) is axing its new reality show "Secret Talents of the Stars" after only one episode. The first airing Wednesday had former "Star Trek" actor George Takei singing "On the Road Again." Only 4.6 million people tuned in -- and thousands tuned away as the hour continued. The reality show also had Clint Black doing standup comedy and Mya tap-dancing. Danny Bonaduce is among the celebrities whose secret talents will be kept to himself. CBS officials say news programming is expected as a temporary replacement.


Children's Place Retail Stores Inc. (NASDAQ: PLCE) said recently its same-store sales fell 3 percent in March compared with a 5 percent increase in the year-ago period. Analysts surveyed by Thomson Financial had expected an increase in same-store sales of 1.7 percent. Same-store sales, or sales at stores open at least a year, is a key indicator of retailer performance since it measures growth at existing stores rather than newly opened ones. Total sales for the five weeks ended April 5 grew to $160.1 million from $155.7 million.

CTC Media, Inc. (NASDAQ: CTCM) will announce its financial results for the first quarter ended March 31, 2008 on Tuesday, April 29, 2008 before U.S. market hours. A replay of the conference call will be available through Tuesday, May 13, 2008 at midnight ET. The replay can be accessed by dialing +1 706 645 9291 or +1 800 642 1687. The passcode for the replay is 42562935. A webcast of the conference call will be archived on the Company's Web site for two weeks.

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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