HDNet Announces Acquisition of Certain HDTV Television Series from Paramount Domestic

[Gregg Lengling]

DALLAS, Dec 12, 2002 (BUSINESS WIRE) -- HDNet announced today that it has reached an output agreement with Paramount Domestic Television, giving HDNet the high-definition television (HDTV) broadcast rights to certain series, originally produced in HDTV.

Under the agreement, HDNet gains high-definition satellite and cable telecast rights for a number of Paramount television series shot in HD. HDNet will begin broadcasting several of the shows in early 2003. Initial series are "That's Life," "Big Apple," "Some of My Best Friends," "Love and Money, " "Wolf Lake," and "First Monday."

"We are very excited to be working with Paramount," said Mark Cuban, co-founder and president of HDNet. "They have certainly helped raise the bar for HD programming, and we look forward to working with them for many years."