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MTV Networks Appoints Paul Rourke Senior Vice President and Chief Financial Officer, MTV Networks International

Posted on: Thursday, 3 May 2007, 09:00 CDT

NEW YORK, May 3 /PRNewswire/ -- MTV Networks (MTVN), a unit of Viacom , has appointed Paul Rourke as Senior Vice President and Chief Financial Officer, MTV Networks International (MTVNI). In his new role, Rourke will be a key member of the international senior management team, with responsibility for all financial functions and matters across all regional operations and business units. Rourke will continue to be based in New York, and report to Colette Chestnut, Executive Vice President and Chief Financial Officer, MTVN and Alex Ferrari, Chief Operating Officer, MTVNI.

(Photo: http://www.newscom.com/cgi-bin/prnh/20070503/NYTH082 )

"MTV Networks International is presently undergoing a significant restructuring of its international organization to focus resources in high growth business units and markets. I feel that Paul will bring a strong level of financial leadership and expertise to the management team as they continue to expand growth with audiences across borders and platforms," said Chestnut.

"During this period of transformation at MTV Networks International, we are mobilizing resources to build our multiplatform brand portfolios in priority markets and expand our growing revenue areas such as ad sales, digital media, program sales and consumer products. Paul's domestic expertise as well as his background supporting the company's global consumer products business will help position us well for our next phase of international growth," commented Ferrari.

Rourke joined MTVN in July 2006, as Senior Vice President, Corporate Finance. In this role, he was responsible for the company's cash management, global treasury operations and financial operations of MTVN's robust global consumer products business. Prior to joining MTVN, Rourke worked as Senior Vice President of Treasury Operations for CBS Radio, one of the largest major- market radio operators in the United States. Rourke has also served as Treasurer of Scient Inc., a New York-based tech consulting firm, and held a variety of finance positions at marketing and communications company Young & Rubicam Inc.

MTV Networks International is one of the fastest growing units of MTV Networks, which has the world's largest portfolio of media brands, with 135 TV channels and more than 200 digital media services. MTV is the most widely distributed TV brand globally seen 493 million households in 161 countries, while Nickelodeon is the most widely distributed kids' TV brand seen in 211 million TV households.

In 2006, MTVNI achieved numerous milestones that helped the company accelerate growth, including its largest acquisition in the Asia-Pacific region by taking full ownership of MTV Japan. The company launched nine new TV channels and became the top international mobile TV player, with 22 new services launched across brands. The company also launched ground-breaking broadband, cross-platform and social networking services, including nine MTV Overdrives, Flux in the U.K. and Japan, QOOB in Italy, MTV Boombox in Korea and La Zona in Latin America. Nickelodeon also gained tremendous momentum with consumer products topping $1 billion in retail revenue, including the licensing phenomenon Dora the Explorer with $600 million retail sales outside the U.S.

About MTV Networks International

MTVNI includes the premier multimedia entertainment brands MTV: Music Television, VH1, Nickelodeon, TMF (The Music Factory), VIVA, Flux, Paramount Comedy, Comedy Central and Game One. MTV Networks' brands are seen in 493 million households in 161 countries and 32 languages via 136 locally programmed and operated TV channels and more than 200 digital media properties. The company's diverse holdings include interests in television syndication, digital media, publishing, home video, radio, recorded music, licensing & merchandising and two feature film divisions, MTV Films and Nickelodeon Movies.

About MTV Networks

MTV Networks, a unit of Viacom , is one of the world's leading creators of programming and content across all media platforms. MTV Networks, with 136 channels worldwide, owns and operates the following television programming services - MTV: MUSIC TELEVISION, MTV2, VH1, mtvU, NICKELODEON, NICK at NITE, COMEDY CENTRAL, TV LAND, SPIKE TV, CMT, NOGGIN/THE N, VH1 CLASSIC, LOGO, MTVN INTERNATIONAL and THE DIGITAL SUITE FROM MTV NETWORKS, a package of 13 digital services, all of these networks trademarks of MTV Networks. MTV Networks connects with its audiences through its robust consumer products businesses and its more than 200 interactive properties worldwide, including online, broadband, wireless and interactive television services and also has licensing agreements, joint ventures, and syndication deals whereby all of its programming services can be seen worldwide.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070503/NYTH082AP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com

MTV Networks

CONTACT: Mark Jafar, MTV Networks - NY, +1-212-846-8961,mark.jafar@mtvstaff.com; or Rob Hooper, MTV Networks International - London,+44-0-20-7478-6520, hooper.rob@mtvne.com

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

Source: PRNewswire

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