CSC Media Group CSC MEDIA GROUP CSC Media

CSC Media Group

CSC MEDIA GROUP • CSC Media Group comprise a bouquet of thematic channels in the UK • CSC Media Group is controlled by the venture capital group VSS (60%) with the remainder held by management and the original founders • VSS is conducting a competitive sale process for 100% of the business • SPT is one of the selected parties to move forward in the due diligence process • SPE believes that we are part of a very small number of bidders • NBC Universal, Turner, Cello/Liberty and Scripps are out of the process 2

CONSORTIUM BID APPROACH SPT is proposing to acquire True channels either alone or as part of consortium bid SONY CSC Box TV TRUE CHANNELS • Complimentary audience demographic and brand • Delivers shelf space to increase efficiencies and sweat program assets across portfolio • Sony become #2 movie provider on Sky (after Sky premium movies) • Low cost content model improves opportunity to launch on Freeview • Leverage SPT infrastructure to develop low cost global movie channel proposition MUSIC CHANNELS • Limited strategic fit with Sony portfolio, concern over long term business sustainability • Box TV (Channel 4/Bauer JV) is one of the major music channel players in UK • CSC music channels would position Box TV as #1 linear music channel provider Switch. Over/ KIDS CHANNELS • Potential complimentary genre for SPT but limited in-house expertise Rubis • Kids Channels forecast to achieve 25% market share in 2012 • Digital properties and merchandising forecast to drive growth • Switchover operates FTA kids business in Italy using similar low cost model as CSC • Evaluate option for SPT to take a minority stake (with path to control) Awaiting feedback from VSS to confirm if they are happy to proceed with either stand alone or consortium bid approach 3

CHANNEL 6

UK LOCAL TV • Analogue switchoff has released a one-off supply of DTT capacity in the UK • In Sep 2012 Ofcom plan to utilise this capacity by licensing a number of ‘local’ TV channel franchises across the UK • Franchises will be granted PSB status in exchange for producing socially valuable local programming (approx 2 hrs/day) • PSB status guarantees the channels prominent EPG positions (Slot 108 on Freeview, Slot 117 on Sky) – ONE TIME OPPORTUNITY • London is the largest license reaching over 12 MM people • Submissions are due to Ofcom by August 13 th 5

CHANNEL 6 • Proposed Joint Venture between Archant Ltd (London local news/magazine/ website publisher), management and a strategic investor • Archant is subscribing for 10%-25% of the equity mainly through non-cash consideration • Management includes Richard Horwood (formerly Trinity Mirror) and Clive Jones (formerly head of ITV Networks, GMTV and ITV news) • Strategic investor would have majority stake and control – management stake to be discussed • Unique opportunity to secure premium EPG position on key platforms • Signed NDA and started initial discussions with management • Anticipated total DWM of approx $25 MM-$30 MM • Option to fund SPT share with mix of cash and content • Evaluate alongside CSC Media Group opportunity 6

ANIMAX UK

ANIMAX UK • Premium VOD service targeting UK Anime audience (0. 5 MM Facebook fans) • New business model for SPT – deliver key learnings for development of digital strategy • Test concept in single market to evaluate further territory and brand launches Linear • Animax branded “Anime season” on Sony’s UK channels • Planned Launch: October 2012 Digital on demand streaming service • SVOD £ 5. 99 / month • Planned Launch: October 2012 Key Consumer Offers • Unlimited access to content • Subscription service is ad free for consumers • Simulcast latest shows from Japan • Movies • Added value content from Animax Japan

PARTNER RESPONSIBILITIES Sony Program acquisition and delivery of material Subbing/dubbing (where required) Transcoding and Metadata Service development and operations Billing/Payments (via Invideous) Ad sales (via Dolphin/Videology) Marketing Viz Media

TIMELINES Jul/Aug 2012 Finalise long form agreements • Invideous • Viz Media • Playstation Build service Sep 2012 Beta launch (website) Finalise launch marketing plan Oct 2012 Nov/Dec 2013 VOD launch (website and PS 3) Linear launch Launch marketing activity (London Comicon, Anime Film Festival, Playstation) Launch i. OS and Android apps Xmas marketing push (Facebook, DVD sleeves and Anime magazines) Q 4 FY 13 Launch on TV Player (new OTT platform)

FINANCIALS