Confidential Draft SPE Worldwide Format Business May 27, 2008

1 Non-scripted television represents a compelling growth opportunity for SPE Success requires global coordination and further investment to reach scale We need to manage our investments as a unified global business, including: –Expanded portfolio of content producers  Embassy Row will serve as the cornerstone of domestic development; complemented by investments in third-party EP and production company deals  2waytraffic and our equity stakes in smaller production companies will provide international development capabilities –Global acquisitions team, including executives from Embassy Row and 2waytraffic –Dedicated staff to manage global ad integration –International distribution led by 2waytraffic Executive Summary

2 Demand for Game and Reality Formats Continues to Grow NOTE: A 6-year trend of reality/game shows as a percentage of primetime hours for the 5 major networks. Game / Reality as a % of Primetime Hours Game/reality shows make up 14 of the top 40 primetime programs among Adults and represent 30% of the top 20 primetime programs among Adults 18-49

3 Non-scripted programs are usually less expensive to produce Business Dynamics are Attractive Growth Format business continues to grow as broadcasters increasingly rely on hit non-scripted formats Lower CostInteractivity Polling, voting and games increase viewer engagement and time spent with show brands Global International and domestic markets are closely linked (30% of scripted; 29% of reality broadcast pilots are adapted from international formats) Cross-Platform Shows offer ancillary profits (mobile games, online games, SMS)

4 Network Number of weekly primetime hours that are reality/game shows (08-09 Season) Percentage of primetime hours that are reality/game shows (08-09 Season) (1) Notable Series on Primetime Lineup (08-09 Season) 6 ½30% Dancing With the Stars (2 ½ hours) Wife Swap (1 hour) Super Nanny (1 hour) Extreme Makeover: Home Edition (1 hour) Opportunity Knocks (1 hour) 523% Biggest Loser (2 hours) Deal or No Deal (2 hours) America’s Toughest Jobs (1 hour) 640% (2) Cops (1 hour) America’s Most Wanted (1 hour) Don’t Forget the Lyrics (1 hour) Kitchen Nightmares (1 hour) Moment of Truth (1 hour) Are You Smarter Than a 5th Grader? (1 hour) 29% Survivor (1 hour) Amazing Race (1 hour) 323% (3) America's Next Top Model (2 hours) Stylista (1 hour) Networks are Investing In Non-scripted Programming (1)Based on a 22 hour week unless otherwise noted; based on Fall programming (2)Fox based on 15 hours (does not program the hour); excludes American Idol which debuts in January (3)CW based on 13 hours (programs 8-10 M-F (10 hrs) plus 3 hrs on Sunday)

5 Domestic Category Potential Partners Term (Yrs.) Cost / Year (MM)GenreNotes Acquisition Embassy Row (Michael Davies)Acquire$25-75 Game Show/ Reality Acquire Embassy Row New York based global format and digital production company Created “Who Wants to be a Millionaire” & “Power of 10” Executive Producers (1-3 of these) Scott St. John2$3Game ShowExecutive Producer of Deal or No Deal Tom Foreman2$2.25 Reality/ Competition US based producer Created “Kid Nation” & EP on “Extreme Makeover Home Edition” Allison Grodner2$2 Reality/ Competition Executive Producer of “Big Brother” Lisa Levenson2$1.5 Reality/ Competition Executive Producer of “The Bachelor” and “The Bachelorette” Production Company Ryan Seacrest3$3-$5 Reality/ Competition Hosts the morning show on KIIS FM in LA, host of “American Idol”, “E! News” co-host and host of American Top 40 Overall deal similar to “Old Reveille Deal” Production Company (1 of these) Rocket Science Laboratories 1$2-3.5 Reality/ Competition Creator of “Temptation Island”, “Joe Millionaire”, “My Big Fat Obnoxious Fiancé” Overall deal Jay and Tony2$2-3.5 Reality Competition EPs on “High School Musical: Summer Sessions,” “Here Come the Newlyweds,” “Dane Cook’s Tourgasm” Overall deal SPE Will Continue to Expand its Network of Domestic Producer Partnerships Acquisition Annual Spend $25–75MM (one-time) $2–6MM $3-5MM $2-3.5MM $7–15MM

6 SPE Global Game/Reality Operational Structure Embassy Row Game/Reality Domestic Dev. Execs Cross-genre Domestic Prod Cos (Partners) Cross-genre Domestic EP Partners Reality/ Competition 2waytraffic Game Focus International Dev. Execs Cross-genre International Prod Cos (1) (Investments) Cross-genre Embassy Row 3 new hires (UK/Scandinavia; Australia; South America) 2waytraffic (1)SPTI’s worldwide production and distribution offices are complemented by investments in international production companies including: Starling, France; Lean-M, Russia (51%); Shine, UK (20%); Tuvalu, Netherlands (51%); Huaso, China (JV) Dedicated Staff (New hires) 2waytraffic (And existing SPTI Staff) International Distribution Ad Integration Content Development International Acquisitions Manage all assets as a single business with a dedicated P&L