SageGroup Strategies Forms Broadcasting Industry Division to Help Troubled Broadcasting Companies Nationally and Internationally

Los Angeles, CA; New York City, NY; and Alameda, CA -- March 15, 2005. SageGroup Strategies announces that it has formed a major Broadcasting Industry Division to serve troubled broadcasting companies nationally and internationally. Television stations, radio stations, and other troubled Broadcasting-Industry companies have special aspects and needs with which SageGroup is very experienced and capable.

SageGroup is the largest Professional Troubled-Company Specialist firm in the U.S.A. and the world, with over sixty offices in the U.S.A., Canada, Asia, and Europe, and with several more pending offices. The Firm specializes in helping troubled companies and other complex situations. Its main objectives include to: a) resolve their serious problems; b) reorganize and restructure them in an optimal manner; c) obtain sufficient financing; and/or d) grow and develop the ongoing companies in a positive appropriate manner.

"The Broadcasting Industry is very large and important to the United States and most other countries worldwide," stated Vince Cesarani, a SGS Broadcasting Industry Division Co-Manager with over 20 years of involvement in the Industry. "Television and radio stations are crucial in many ways, including to provide entertainment, news, general information, alerts, advertising, and other types of content to many hundreds of millions of people, companies, and other entities on a daily basis. At any one time this process is negatively affected by the many Broadcasting-Industry companies that are in legal, financial, managerial, and/or other serious trouble. SageGroup looks forward to helping many troubled companies to the benefit of those companies, the Broadcasting Industry, the public, and others."

"During my 13 years of working within the Broadcasting Industry in financial and newsroom positions, I learned that, in spite of the perceived strength of this Industry, there are always stations in trouble and in need of the exact help SageGroup provides," added Bill Nolan, another member of SGS's Broadcasting Industry Division. "SageGroup's staff includes many persons with Industry and/or functional experience and capabilities, all being available to quickly help troubled television stations, radio stations, and other Broadcasting Industry companies to get out of trouble and moving forward well."

SageGroup offers a powerful large group of professionals who are experts at helping companies get out of trouble and move forward. SageGroup's staff includes over 600 highly-qualified specialists, including: financing and financial experts; turnaround experts; troubled-company specialists; marketing specialists; international business experts; attorneys; strategists; CPAs; corporate development specialists; acquisition and strategic alliance experts; corporate executives; operations experts; global sourcing specialists; industry specialists; technologists; and many others.

SageGroup's staff has been involved in hundreds of difficult company situations, including: refinancings; turnarounds; crisis management; debtor programs; spin-outs; restructurings and reorganizations; managed wind-downs and shut-downs; and transitions into being larger, stronger, better-financed, and stronger-management-team-run ongoing companies.

The SGS Broadcasting Industry Division has at least one representative in each SGS Office nationally. For maximum confidentiality, initial inquiries from troubled television stations, radio stations, and other Broadcasting Industry companies and their advisors can be directed to Larry Lindsey, a SGS Managing Director and another of the three SGS Broadcasting Industry Division Co-Managers, at SGS's International Coordination Office, phone number (510) 865-2480.