REELZCHANNEL Selects Ascent Media Group to Manage High Definition Television (HDTV) Conversion and Transmission Services for New HD Program Service

Ascent Media Group (Ascent), a leading provider of fully-integrated, end-to-end services for the global digital media supply chain, announced that it is now providing REELZCHANNEL with high definition (HD) transport and transmission services for the network’s new HD program service, as well as a new satellite distribution platform via the Galaxy 17 (C-band) satellite. REELZCHANNEL is now available in 50 million homes, and offers studio shows, interviews and movie features, all of which can now be enjoyed in HD clarity.

Ascent Media provides diverse and redundant fiber optic network transport from REELZCHANNEL’s master control in Albuquerque, NM to Ascent’s satellite earth station (Glenbrook Earth Station) in Stamford, CT. Ascent then delivers a compressed uplink of REELZCHANNEL’s programming, using Cisco PowerVu MPEG-4 compression technology, to Ascent Galaxy 17 satellite space segment platform.

“As the global programming transition to the HD format continues to accelerate, we are well positioned to provide HD conversion and transmission support services to our clients like REELZCHANNEL to deliver the highest quality viewing experience to the end user,“ said Brendan Corrigan, SVP Content Distribution and Transport of Ascent Media Group. “This partnership further illustrates our commitment to leverage our extended connectivity capabilities in order to provide end-to-end solutions to content creators and distributors.”

“With our migration to HD, having a reliable company like Ascent Media supporting our technical needs ensures our viewers will see the movie content they love in the highest quality possible,” said Roger Eman, senior vice president of operations at REELZCHANNEL. “With the recent launch of our new show “Maltin on Movies” and with new shows being added to our programming in the coming weeks and months, we are pleased to have Ascent Media providing a world-class delivery service to showcase our HD produced shows and content.”

About REELZCHANNEL:

REELZCHANNEL—TV About Movies® is the only multiplatform network devoted to delivering entertaining and informative programming that is all about movies, including the celebrities, fashion, music and stories behind the stories without the gossip. REELZCHANNEL is currently available to over 50 million cable and satellite subscribers in the U.S., attracts approximately one million unique visitors to www.reelzchannel.com and delivers content to movie fans through iPhone and iPad apps.

In 2009, Nielsen recognized REELZCHANNEL as the eighth fastest growing network among all 95 cable networks measured in terms of number of homes. Owned by Hubbard Media Group, REELZCHANNEL is headquartered in Albuquerque, N.M.

About Ascent Media Group

Santa Monica, California-based Ascent Media Group, LLC is a wholly-owned subsidiary of Ascent Media Corporation (NASDAQ: ASCMA). With more than 40 facilities worldwide, Ascent Media Group is a leading provider of fully integrated, end-to-end services for the global digital media supply chain. Guided by our entrepreneurial culture, we blend breakthrough creative with emerging technologies to deliver some of the most advanced and innovative media solutions to help film and television studios, independent producers, broadcast networks, cable channels, advertising agencies and other companies make, manage, move and monetize their digital media.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Ascent Media Corporation and its subsidiaries or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors include, among others: the risks and factors described in the statements and reports of Ascent Media Corporation filed or furnished with the Securities and Exchange Commission (and publicly available at the Securities and Exchange Commission’s website, www.sec.gov); general economic and business conditions and industry trends; spending on television advertising, first-run content libraries and existing content libraries; the regulatory and competitive environment of the industries in which Ascent Media Corporation operates; rapid technological changes; future financial performance, including availability, terms and deployment of capital; changes in, or failure to comply with, government regulations, including, without limitation, regulations of the Federal Communications Commission, and adverse outcomes from regulatory proceedings; and competitor responses to Ascent Media Corporation’s products and services, and the overall market acceptance of such products and services, including acceptance of the pricing of such products and services. These forward-looking statements speak only as of the date of this Release. Ascent Media Corporation expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Ascent Media Corporation’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.