Dennis H. Leibowitz David Nathanson Jeff Sine Andy Sriubas

General Partner

Prior to founding Act II Partners in 2002, securities analyst Dennis Leibowitz had covered the broadcasting, cable television, wireless, and satellite industries, for Donaldson, Lufkin & Jenrette from 1977 to the merger with Credit Suisse First Boston in October 2000 and then for CSFB. Prior to that, Mr. Leibowitz was an analyst at several other firms and was a trainee at Merrill Lynch upon graduation from the Wharton School, where he obtained a B.S. in Economics. For more than two decades, Institutional Investor voted Mr. Leibowitz one of the top analysts on its All-America Research Team. In 17 of those years, he was ranked No.1 in at least one category. He is a past president of the Media & Entertainment Analysts Society of New York, as well as of the Cable Television Analysts’ Group. Mr. Leibowitz belongs to the New York Society of Security Analysts, and was a director of the International Radio & Television Society. During his tenure at DLJ he was honored with the firm’s Super Achiever Award three times, placing him in the DLJ Hall of Fame, the firm’s highest distinction. Leibowitz has been a guest speaker at numerous industry forums and has appeared on the television program Wall Street Week. For 16 years, Mr. Leibowitz hosted Wall Street’s original and largest wireless industry conference, in New York. He also hosted DLJ’s fourth annual satellite industry conference and, in 1999, acted as host of DLJ’s first annual Media Week.

David Nathanson has served as Vice President, Broadband Strategy and Channel Development, Fox Cable Networks Group, since August, 2001 and General Manager of Fox Sports Digital Nets since April 2001. He has been with FCNG since September 2000, serving as Director, Broadband Strategy. One of the more significant growth areas of News Corporation, FCNG oversees more than 30 domestic cable and satellite networks in which parent Fox Entertainment Group and News Corporation hold interests.

During that time, Mr. Nathanson has helped advance the distribution and placement of FCNG’s broadband businesses, including Interactive Television, Virtual Channels, Video-On-Demand, and T-Commerce. In addition, as the Vice President of Channel Development, he has helped develop new programming services to broaden FCNG’s existing channel portfolio.

As GM of Fox Sports Digital Nets, Mr. Nathanson manages a multi-channel digital sports network aimed at leveling the playing field between DBS and cable television sports programming. The super-regional multiplex includes Fox Sports Digital Atlantic, Fox Sports Digital Central, and Fox Sports Digital Pacific. Fox Sports Digital Nets launched in the summer of 2001 and currently reaches over 3-million cable television subscribers.

Prior to joining FCNG, he was Director of Marketing for News Corporation. As such, he evaluated new media opportunities and strategic alliances. He also built News Corp’s ITV lab that houses all current and emerging Interactive Television technologies.

Before News Corporation, Mr. Nathanson was the Manager of Strategic Planning for Cablevision Systems Corporation’s New Media Division and a Corporate Analyst for Comcast Cable Communications.

Mr. Nathanson graduated with honors from the University of Pennsylvania and is currently enrolled in the fully-employed MBA program at the Anderson School of Management at UCLA. He sits on the Cable & Telecommunications Association for Marketing’s (CTAM) Cable Network ITV Council and is Chairman CablePositive Los Angeles. David was named one of Cable Fax Magazine’s 100 most influential executives in the cable television industry in 2000 and 2001.

Prior to joining UBS Warburg in 2001, Jeff Sine was Managing Director, Head of Global Media at Morgan Stanley Dean Witter & Co. (Morgan Stanley) where he had worked since 1986. At Morgan Stanley, Sine acted as advisor to Time Warner in its merger with AOL and in its acquisition of Turner Broadcasting; he represented Viacom in its merger with CBS and its sale of Simon & Schuster. His group also represented Seagrams in its merger with Vivendi and also lead managed the initial public offerings of Mediaset in Italy; Societe Europeanne des Satellites in Luxembourg; Grupo Prisa in Spain; Austar in Australia and Cox Communications in the United States. Prior to Morgan Stanley, Mr. Sine was a lawyer at Sullivan and Cromwell in New York City. Mr. Sine received his B.A. from American University and his J.D. from the University of Southern California.

Andy Sriubas, Managing Director, Media Investment Banking, UBS Warburg
has over thirteen years of experience in the communications, media and entertainment financing and advisory business, and has important relationships with industry leaders those fields. Mr. Sriubas was a Senior Vice President at Donaldson, Lufkin & Jenrette Securities Corp. ("DLJ") prior to joining UBS.

His clients include many of the largest media and entertainment companies in the world, such as The News Corporation, Ltd., Vivendi / Universal, Viacom, Metro-Goldwyn Mayer, USA Interactive, and Hallmark Entertainment. Prior to DLJ, Mr. Sriubas was a banker at Citicorp Securities. Mr. Sriubas received his B.A. in Economics and B.S. in Finance from Boston College. He is on the board of directors for New York City Boy Scouts of America and a member of the International Radio and Television society.