Confidential Draft [DRAFT] SPE Worldwide Format Business May 2008

1 Non-scripted television represents a compelling growth opportunity for SPE Success requires global coordination and further investment to reach scale We need to manage our investments as a unified global business, including: –Expanded portfolio of content producers  Embassy Row will serve as the cornerstone of domestic development; complemented by investments in third-party EP and production company deals  2waytraffic and our equity stakes in smaller production companies will provide international development capabilities –Global acquisitions team, including executives from Embassy Row and 2waytraffic –Dedicated staff to manage global ad integration –International distribution led by 2waytraffic Executive Summary

2 Demand for Game and Reality Formats Continues to Grow NOTE: A 6-year trend of reality/game shows as a percentage of primetime hours for the 5 major networks. Game / Reality as a % of Primetime Hours Game/reality shows make up 14 of the top 40 primetime programs among Adults and represent 30% of the top 20 primetime programs among Adults 18-49

3 Non-scripted programs are usually less expensive to produce Business Dynamics are Attractive Growth Format business continues to grow as broadcasters increasingly rely on hit non-scripted formats Lower CostInteractivity Polling, voting and games increase viewer engagement and time spent with show brands Global International and domestic markets are closely linked (30% of scripted; 29% of reality broadcast pilots are adapted from international formats) Cross-Platform Shows offer ancillary profits (mobile games, online games, SMS)

4 Competitors are Investing Beyond Captive Production Arms NetworkProduction/Term Deals Est. Production / Term Deal Budget % primetime hours dedicated to reality/game shows (08-09 Season) Notable Series on Primetime Lineup (08-09 Season) None. Partners with Warner Horizon, BBC, Fremantle and Endemol N/A 30% Dancing With the Stars, Wife Swap, Extreme Makeover: Home Edition Magical Elves $10M (approx. over 2 years) 16%Biggest Loser, Deal or No Deal None. Partners with Warner Horizon, BBC, Fremantle and Endemol N/A 40% Idol, Moment of Truth, Are You Smarter Than a 5th Grader? Tom Forman, Jay Bienstock, Laurie Girion, Allison Grodner, Scot Einziger $12.85M (approx. over 2 years and including Forman's deal over 3 yrs.) 9%Survivor, Amazing Race Jay Bienstock and Laurie Girion (broken out from CBS’ overall term deals data) $3.6M (approx. over 2 years) 31%America's Next Top Model

5 Domestic Category Potential Partners Term (Yrs.) Cost / Year (MM)GenreNotes Acquisition Embassy Row (Michael Davies)Acquire$25-75 Game Show/ Reality Acquire Embassy Row New York based global format and digital production company Created “Who Wants to be a Millionaire” & “Power of 10” Executive Producers (1-3 of these partners) Scott St. John2$3Game ShowExecutive Producer of Deal or No Deal Tom Foreman2$2.25 Reality/ Competition US based producer Created “Kid Nation” & EP on “Extreme Makeover Home Edition” Allison Grodner2$2 Reality/ Competition Executive Producer of “Big Brother” Lisa Levenson2$1.5 Reality/ Competition Executive Producer of “The Bachelor” and “The Bachelorette” Production Company Ryan Seacrest3$2 Reality/ Competition Hosts the morning show on KIIS FM in LA, host of “American Idol”, “E! News” co-host and host of American Top 40 Overall deal similar to “Old Reveille Deal” Production Company Rocket Science Laboratories 1$2-5 Reality/ Competition Creator of “Temptation Island”, “Joe Millionaire”, “My Big Fat Obnoxious Fiancé” Overall deal SPE Will Continue to Expand its Network of Domestic Producer Partnerships Acquisition Annual Spend $25–75MM (one-time) $2–6MM $2MM $2-5MM $6–13MM

6 SPE Global Game/Reality Operational Structure Embassy Row Game/Reality Domestic Dev. Execs Cross-genre Domestic Pdtn Cos. (Partners) Cross-genre Domestic EP Partners Reality/ Competition 2waytraffic Game Focus International Dev. Execs Cross-genre International Pdtn Cos. (1) (Investments) Cross-genre Embassy Row 3 new hires (UK/Scandinavia; Australia; South America) 2waytraffic (1)SPTI’s worldwide production and distribution offices are complemented by investments in international production companies including: Starling, France, 75%; Lean-M, Russia, 51%; Shine, UK, 20%; Tuvalu, Netherlands, 51%; Huaso, China, JV Dedicated Staff (New hires) 2waytraffic International Distribution Ad Integration Content Development International Acquisitions Manage all assets as a single business with a dedicated P&L