Pilat Media signs LOI with FOX Television Stations

Press Release: 17 May 2005

Pilat Media Global signs Letter of Intent with FOX Television Stations Pilat Media Global plc. ("Pilat Media" or the "Company"), the London-based AIM-listed supplier of business management software to broadcasters around the world, announces the signing of a Letter of Intent (LOI) with the USA broadcast group FOX Television Stations, Inc (FTS).

As provided in the LOI and subject to the negotiation and execution of a definitive agreement, Pilat Media's IBMS (Integrated Broadcast Management System) has been selected as FTS' preferred central programming, advertising sales and traffic system. Starting immediately under the LOI, Pilat will begin a pilot implementation of one of IBMS' modules (Sales Proposals) at one of FTS' stations and in parallel the parties will negotiate the contract for the full installation, customization and implementation of IBMS as a central business system for the whole station group. Whilst there is no certainty that such a contract will eventually be signed, the LOI gives Pilat Media a unique opportunity to win one of its largest contracts to date. This will confirm Pilat as a leading supplier of broadcast management systems and facilitate its continued penetration into the US broadcast market, especially amongst large station groups.

Fox Television Stations, Inc., a wholly owned division of News Corporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV), is one of the largest broadcast groups in the United States, with annual revenues in the region of $ 3.0 billion. FTS operates thirty-five local television stations, covering over 40% of all American television households, and handles advertising sales for 11 regional sports networks.

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