Local Insight Media to Acquire Hawaiian Telcom Yellow Pages

ENGLEWOOD, Colo., May 1 /PRNewswire/ — Local Insight Media, L.P. today announced the execution of a definitive agreement to acquire Hawaiian Telcom Yellow Pages. Under the agreement, Local Insight Media will enter into a 50-year publishing agreement to serve as the exclusive, official publisher of print and online directories for Hawaiian Telcom.

HT Yellow Pages is the largest publisher of print and Internet advertising directories in Hawaii, producing 10 print directories for Oahu, Maui, Hawaii and Kauai, and distributing over 1.8 million copies of these directories to Hawaiian businesses and residences. The company also offers Internet-based local search at http://www.htyellowpages.com/, extending the reach of advertisers’ content throughout Hawaii and beyond.

“This acquisition is another significant step in our long-term strategy to aggregate a portfolio of distinctive local media properties,” said Scott Pomeroy, president and CEO of Local Insight Media. “We are well-positioned to build on HT Yellow Pages’ incumbent-leading revenue performance and growth trajectory into 2008. This transaction also provides us with the opportunity to deepen our strategic relationship with the Berry Company, as we continue working together to optimize overall performance and introduce innovative print and digital products into all of our markets.”

With this acquisition, Local Insight Media will have five operating subsidiaries under management, including the incumbent directory companies in Hawaii, Cincinnati, Alaska, Puerto Rico and the Dominican Republic. “As our name suggests, Local Insight Media is absolutely committed to strong local operations,” said Pomeroy. “That is certainly the case in Hawaii, which has a unique culture and business environment. We look forward to working with the local team to help small businesses reach their consumers in new ways.”

The transaction is expected to close in late 2007 or early 2008, subject to regulatory approvals and other customary closing conditions.

Wachovia Securities and Merrill Lynch & Co. served as financial advisors to Local Insight Media on this transaction.

About Local Insight Media

Local Insight Media, L.P., through its subsidiaries, is a leading provider of print directories and Internet-based local search services in the Greater Cincinnati area, Alaska and the Caribbean. Local Insight Media indirectly owns CBD Media LLC, the leading publisher of print and online directories in the Cincinnati-Hamilton metropolitan area; ACS Media LLC, the largest publisher of print and Internet advertising directories in Alaska; and Caribe Servicios de Informacion Dominicana, S.A., the leading publisher of yellow and white pages directories in the Dominican Republic. In addition, Local Insight Media indirectly owns 60% of Axesa Servicios de Informacion, S. en C., the largest directory publisher in Puerto Rico. Local Insight Media, headquartered in Englewood, Colo., provides strategic and management oversight for its operating subsidiaries. For more information, please see http://www.localinsightmedia.com/.

Local Insight Media is a portfolio company of Welsh, Carson, Anderson & Stowe (WCAS), which is one of the largest and most successful private equity investment firms in the United States. Since its founding in 1979, WCAS has organized 14 limited partnerships with total capital of over $16 billion. In addition, Spectrum Equity Investors, the former owner of CBD Media, holds a significant minority stake in Local Insight Media. Spectrum is a private equity firm with over $4 billion of capital under management and specializes in information and business services investments.

Local Insight Media, L.P.

CONTACT: Media, Pat Nichols, +1-303-867-1651, or General Counsel, JohnFischer, +1-303-867-1608, both of Local Insight Media, L.P.

Web site: http://www.htyellowpages.com/

Web site: http://www.localinsightmedia.com/