2003 Accomplishments
Sold Non-Core Assets
- Bravo, Northcoast, WIZ, & Clearview Real Estate
Simplified Ownership Structure
- Own 100% of AMC/IFC/WE
- RPP Owns 100% of FOX Sports Net- Bay Area, Ohio, Florida, Chicago and 50% of New England
Strengthened Liquidity Position
- $990MM in Cash Proceeds and Redemption of 16% of CVC Class A Common Stock at $12.64 per share
- New $825MM Rainbow Credit Facility Closed in December 2003 $91MM Undrawn at 12/31/03
- $2.4B Restricted Group Credit Facility $890MM Undrawn at 12/31/03
$470MM Undrawn at 12/31/02
Greater Clarity for Shareholders
- Realigning Assets with Announced Spin-Off of Rainbow DBS and National Services Businesses
- Simplified Business Model & Dedicated Management Team