1. 1 1. Executive Summary 2. Networks 3. Distribution & Ad Sales 4. Production 5. Appendix

2. 2 Objectives Grow our first-run syndication business Maximize feature film revenues [Will add bullets for Keith and Amy]

3. 3 Market conditions and competitor response create an opportunity to expand our first-run business Competing distributors have decreased first-run offerings in response to defaults by local station customers 69% of our own local station customers are in financial distress yet still demonstrate an appetite for quality first-run shows As Cable nets shift programming dollars to originals, we’re using new strategies to offset downward price pressure Cable and Satellite operators are requiring a full commitment to day-and-date product in exchange for shelf space and marketing Early windows represent upside to our MRP, but requires FCC waiver for key Cable / Satellite clients Market Considerations [Will add bullets for Keith and Amy]

4. 4 Distribution & Ad Sales Financial Summary Profit ContributionRevenueEBIT [U.S. & International (includes Ad Sales)] [New Create]

5. 5 U.S. Distribution – Key Strategic Goals Leverage Dr. Oz as the cornerstone for growth in our first-run syndication business Secure a premium deal for FY10 slate Grow feature revenue in PPV / VOD through day-and-date and early windows Maximize library sales for film and TV product

6. 6 U.S. Distribution – Key Initiatives and Market Considerations

7. 7 U.S. Distribution Sales – Total Licensing Revenue SPT will generate $X million in total current and library revenue for SPE [$ to be updated] Profit Contribution$XXX FY10 Q2/BDGT. FY11 MRP/Prior FY12 MRP/Prior FY13 MRP

8. 8 U.S. Distribution – Revenue by Platform TV Syndication Free TV/Basic Cable Pay TV [$ to be updated]

9. 9 U.S. Distribution – Revenue by Platform: PPV/VOD EBITMarket Trends [$ to be updated] [Placeholder %s] [Make sure to account for high box office titles]

10. 10 “Seinfeld” FY10 Q2/BDGT. FY11 MRP/Prior FY12 MRP/Prior FY13 MRP EBIT [$ to be updated Add totals at end] [Add strategy and assumptions]

11. 11 U.S. Distribution Sales – FY10 Slate [To be updated] SPT will generate over $450 million in TV sales from the FY11 slate NOTE: Film slate assumptions still in process

12. 12 U.S. TV and Digital Library Revenue by Division FY10 Q2/BDGT. FY11 MRP/Prior FY12 MRP/Prior FY13 MRP [$ to be updated Add totals at end]