FOX Put

• FOX Did Not Exercise its Right to Put its 40% Interest in RPP
  • Does Not Renew Until December 2005
• FOX Did Put its 50% Interests in FOX Sports Net Chicago and FOX Sports Net Bay Area to RPP
• Value will be Determined Through Negotiation or an Independent Appraisal Process
• Form of Payment Decided After Valuation
• RPP Payment Options Include:
  • CVC Stock
  • 3-Year Interest Only Bullet Note Issued by RPP With No Impact on CVC Covenants
  • IPO
  • Cash

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