VISTA III MEDIA ACQUIRES CABLE SYSTEM
IN NORTHEAST MISSISSIPPI
 

Tampa, Florida - Communications Equity Associates ("CEA") announced today that it advised Vista III Media ("Vista III") in the acquisition of a cable television system serving over 3,400 subscribers located in Mississippi. Vista III will combine this system with its other headends in northeast Mississippi into a single-headend with 29,000 subscribers.

Edward H. Frazier, Jr., Senior Vice President of CEA represented the seller in the transaction. Mr. Frazier is based in CEA's Tampa, Florida headquarters.

Founded in 1973, CEA is a leading provider of investment banking services and private equity to the global media and entertainment, communications and information technology industries. With a team of highly experienced personnel worldwide, CEA has an unequaled depth and breadth of industry knowledge, expertise and long-standing industry relationships. CEA has completed over 800 transactions totaling $35 billion in more than 50 countries. CEA's affiliates also manage, co-manage or participate in a worldwide family of private equity funds with committed capital of approximately $1.15 billion for private equity investments in the industries CEA serves. Included in this amount is an ownership interest in the general partner of a $300 million European-based private equity fund. CEA's reputation and track record of success are built on delivering innovative, value-added solutions and services to clients worldwide. CEA Media Group, LLC is a member of the NASD and SIPC.