FOR IMMEDIATE RELEASE

March 25, 2002

CEA ANNOUNCES SALE OF LEWIS COUNTY CABLE AND
HENDERSON CABLE TELEVISION, INC.

 

Communications Equity Associates, LLC ("CEA") announced today that it represented Lewis County Cable and Henderson Cable TV in the sale of their systems to Time Warner Cable. The systems serve approximately 1,150 subscribers in Lewis County and Henderson, New York.

Bob Berger, Senior Vice President, represented the sellers in this transaction. Berger is based in CEA's Denver office.

CEA is an investment and merchant banking firm specializing in the media, communications, technology and entertainment industries with particular emphasis on cable television, broadcast, outdoor advertising, telecommunications, towers, information technology, converging media and entertainment. With over 170 personnel in offices worldwide, the company has been a leader providing these services since 1973. CEA group companies also manage a worldwide family of funds with committed capital of over $680 million for private equity investments in the communications, entertainment and converging media industries. With offices in New York, Philadelphia, Tampa, Boston, Denver, London, Munich, Paris, Dusseldorf, Madrid, Singapore, Sydney, Mumbai and Prague, CEA is the only investment and merchant bank with true worldwide presence that is focused exclusively on the media, communications and entertainment industries. CEA is a member of the National Association of Securities Dealers, Inc., and its professional associates are registered with the NASD. Member SIPC. CEA International Ltd. is regulated by the Financial Services Authority.

 

CONTACT:
Bob Berger (303) 694-3090