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Wednesday, March 5, 2008

Ascent Media Expands Relationship With WWE(R); Inks Agreements For Additional Space And HD-Capable Fiber Links

Courtesy of Ascent Media Group:

STAMFORD, Conn., March 5 -- Ascent Media, a provider of services to the media and entertainment industry, announced today that it has completed agreements with World Wrestling Entertainment, Inc. that expand the existing relationship between the two companies.

Under the agreements, WWE is utilizing dedicated studio space at Ascent Media's Harbor Plaza facility for the creation of wraparound elements that are included in WWE syndicated programming packages. In addition, Ascent Media is providing new HD-capable fiber optic links between the new studio space and the existing WWE studio in Harbor Plaza, and to the WWE technical facility elsewhere in Stamford.

"WWE has deservedly earned a reputation as one of the most innovative and most imaginative forces in sports entertainment," said Peter Brickman, Managing Director of Content Distribution for North America for Ascent Media. "We're pleased that they have once again placed their confidence in the ability of our personnel and resources to meet their new production needs."

"Because of the varied nature of our programming, it's important that we have access to the highest-quality, most reliable production environment," said Steven Lazas, vice president of broadcast operations for WWE. "Our relationship with Ascent Media has continued to expand because of their proven ability to deliver the technical skills and the breadth of resources we need to grow our business."

About Ascent Media Group

Santa Monica, California-based Ascent Media Group is a wholly-owned subsidiary of Discovery Holding Company (NASDAQ:DISCA) (NASDAQ:DISCB) , which, through its Creative Services and Network Services divisions, provides creative and technical media services to the media and entertainment industries. Through more than 75 facilities in California, New York, London, Singapore and other locations throughout the world, Ascent Media Group provides effective solutions for the creation, management and distribution of content to major motion picture studios, independent producers, broadcast networks, cable channels, advertising agencies and other companies that produce, own and/or distribute entertainment, news, sports, corporate, educational, industrial and advertising content. More information about Ascent Media Group is available at http://www.ascentmedia.com/.

About World Wrestling Entertainment, Inc.

Additional information on World Wrestling Entertainment, Inc. (NYSE:WWE) can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/

Trademarks: All WWE programming, talent names, images, likenesses, slogans, wrestling moves, and logos are the exclusive property of World Wrestling Entertainment, Inc. ECW is a trademark of WWE Libraries, Inc. All other trademarks, logos and copyrights are the property of their respective owners.