SPE INVESTMENT OPPORTUNITIES October 8, 2010 CONFIDENTIAL DRAFT DRAFT AS OF 8 OCT, 10:30AM

CONFIDENTIAL DRAFT SPE Investment Opportunities Description Cash Estimate 1 Opportunity Resulting Equity Position Teleset 2 Buy incremental 1% Obligation to buy remaining 49% Teleset is a production company in Colombia; initial transaction would be to exercise an option to acquire an incremental 1% to gain control; a put for 49% would then become active $1M $15-20M 51% (step up from 50%) 100% (step up from 51%) Notes:1.Cash investment does not assume repayment of any outstanding debt and are very early estimates subject to change should deal progress 2.Included in MRP financial estimates Preliminary discussions are taking place on the following deal

CONFIDENTIAL DRAFT GSNU.S. Cable Network; SPE currently holds 35% $150M Based on early discussions with counterparts, the following deals are strategic if funds are available for investment and if owners are receptive to selling MSM India Maa TV ALL3MEDIA Shine Buy-out existing partners in Indian networks Indian regional (Telugu) TV network UK production company UK production company (exit is currently under consideration assuming we cannot gain control; but consider buy-up if control is feasible) $ M $50M $ M $ M 51% (step up from 35%) 100% (buy out partners’ 38% interest) 51% 51% - 100% 51% - 100% (step up from 20%) Notes:1.Cash investment does not assume repayment of any outstanding debt and are very early estimates subject to change should deal progress 2.Included in MRP financial estimates Description Cash Estimate 1 Opportunity Resulting Equity Position Discovery Networks 2 Several of Discovery's smaller UK cable networks $25M50% SPE Investment Opportunities

CONFIDENTIAL DRAFT OvationU.S. TV network$350M FuelU.S. TV network MGMInternational TV networks $150M $50-100M 100% 50% The following deals may also present expansion opportunities, however counterparts have not yet been engaged to validate interest and strategic fit Description Cash Estimate 1 Opportunity Resulting Equity Position Hallmark-GSN merger If GSN control secured, merge with another U.S. cable network(s) $200 - $300M50% Note:1.Cash investment does not assume repayment of any outstanding debt and are very early estimates subject to change should deal progress Transactions Under Internal Consideration