TVG to be available immediately in the Nations Fastest Growing DBS
TVG to be available immediately in the Nations Fastest Growing DBS Service
"We are truly excited about adding TVG to DISH Network, the nations favorite and fastest growing high power service," said Charlie Ergen, chairman and CEO of EchoStar. "The addition of TVG programming to the substantial majority of our customers is our first significant example of an exciting new interactive service that realizes multiple revenue streams for our shareholders."
"We are very pleased that we have completed this long term affiliation agreement that puts TVG in 3 million homes immediately with a world-class company like Echostar," said Peter C. Boylan III, President and COO of TV Guide, Inc., parent to TVG. "TV Guide has committed substantial resources to build and launch TVG over the past year and believes it has the potential to become a valuable and very important interactive service for multi-channel video operators. "
"This agreement is yet another defining moment in the evolution of racing as mainstream entertainment," said Mark D. Wilson, president and CEO of TVG. "EchoStars DISH Network has the ability to offer our sport to millions of satellite television viewers immediately, facilitating new ways for fans to participate in the sport and opening it to higher levels of popularity as horse racing fans across the country follow their favorites from home."
An official marketing partner of the National Thoroughbred Racing Association (NTRA), TVG features live, hosted thoroughbred, harness and quarter horse racing from Americas premier racetracks. TVG has exclusive long-term agreements with the following racetracks: Aqueduct Race Track, Arlington International, Bay Meadows, Belmont Park, Calder Race Course, Churchill Downs, Del Mar, Ellis Park, Emerald Downs, Fairplex Park, Gulfstream Park, Hollywood Park, Hoosier Park, Keeneland Race Course, Laurel Park, Lone Star Park, Los Alamitos, Oak Tree at Santa Anita, Pimlico, Portland Meadows, Ruidoso Downs, Saratoga Raceway, Saratoga Race Course, Suffolk Downs, Turf Paradise and Turfway Park. Non-exclusive racetrack partners include Fair Grounds, Great Lakes Downs and Northfield Park.
Co-produced with FOX productions, TVGs programming also includes expert commentary, tutorials and behind-the-scenes features on the horses and celebrities of racing. TVGs interactive wagering interface supports pari-mutuel wagering and provides handicapping data, real-time track odds, weather conditions, equipment/jockey changes and more through television, telephone and PC platforms.
EchoStar Communications Corp., includes three interrelated business units:
EchoStar V, EchoStars newest, state-of-the-art, high-power direct broadcast satellite, launched on a Lockheed Martin Atlas IIAS rocket on Sept. 23, 1999. EchoStar V, to be located at 110 degrees West Longitude, will allow DISH Network to offer 500 channels, including high definition television, Dolby Digital surround sound, Internet and high-speed interactive television and data services, all on a single dish.
DISH Network, which currently serves over 3 million customers, is a trademark of EchoStar Communications Corporation. DISH Network is located on the Internet atwww.dishnetwork.com.
TV Guide, Inc. is a global diversified media and communications company that operates three primary business units: TV Guide Entertainment Group, TV Guide Magazine Group, and United Video Group. TV Guide markets and distributes products in the United States to over 100 million cable and satellite homes every week. TV Guide also markets its products internationally in 45 countries. TV Guide magazine and TV Guide Channel are the largest print and electronic guidance products in the world. TV Guide has unparalleled consumer reach with such products and cable/satellite services as:
TV Guide operates several other business units including:
On Oct. 4, 1999, TV Guide, Inc. and Gemstar International Group Limited (NASDAQ: GMST) announced that they have entered into a definitive merger agreement under which TV Guide, Inc. will become a wholly owned subsidiary of Gemstar.
For more information on TVG, contact Rick Baedeker at (303) 464-6010.
For up to date information about TV Guide companies, please access our Internet home page at www.tvguideinc.com. TV Guide trades on the NASDAQ stock market under the symbol TVGIA.