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Leading Communications and Media Lawyer Mace Rosenstein Joins Covington as Partner

March 7, 2007

WASHINGTON, DC, March 7, 2007 — Covington & Burling LLP announced today that Mace Rosenstein has joined the firm as a partner. He will be resident in the firm’s Washington office, and will serve as co-chair of the firm’s Communications and Media practice group.

Mr. Rosenstein’s practice focuses on broadcast station investments, transactions and regulation. He has experience in securing changes in FCC rules in order to facilitate creative business concepts and opportunities, both through waivers and in complex rulemaking proceedings before the FCC. He has assisted in structuring major acquisitions of broadcast properties, and has advised mutual fund managers, investment advisers, and other investors with respect to federal statutory and regulatory provisions pertaining to foreign ownership and multiple and cross-ownership of media properties.

“We are extremely pleased to have Mace join Covington,” said Stuart Stock, chair of Covington’s management committee. “He is a first-rate lawyer and his broad experience will add further strength to our already robust communications and media practice.”

Gerry Waldron, co-chair of the firm’s Communications and Media group also noted, “Mace's deep understanding of the legal and business issues surrounding broadcast television stations and emerging distribution technologies and his experience with ownership and regulatory issues affecting broadcasters will be wonderful assets to our practice.”

“I am delighted to be joining Covington’s Communications and Media practice, with its deep expertise in the business, technological and legal issues relevant to broadcasters in an increasingly competitive digital environment,” said Mr. Rosenstein. “I am looking forward to working with my colleagues at Covington in continuing to bring the highest level of service to media clients.”

Covington has a leading communications and media practice, including broadband, content creation and distribution, corporate transactions, digital media and entertainment, new media, satellite, and wireless. The group recently advised The New York Times Company on the sale of its broadcast media group.

Mr. Rosenstein is a graduate of The University of Chicago Law School and Harvard College.

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