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New Cable Network Wealth TV to Launch on PanAmSat's Galaxy 13 Lifestyles and Entertainment Network Joins America's Premier HD Neighborhood WILTON, Conn., Feb. 23 /PRNewswire-FirstCall/ -- PanAmSat Corporation today announced that Herring Broadcasting, Inc. has selected Galaxy 13 to provide satellite delivery of its Wealth TV channel to cable and DBS providers throughout North America. Galaxy 13 is the home of the industry's first and leading high-definition television (HDTV) neighborhood featuring such powerhouse broadcasters as Cinemax HD, HBO HDTV, HDNet, Starz! HD and TNT HD. "By choosing PanAmSat as its springboard, Wealth TV is assured to reach millions of HDTV households across the U.S.," said Mike Antonovich, senior vice president of Global Sales and Marketing for PanAmSat. "Galaxy 13 is the place to be for the distribution of HDTV programming into U.S. cable television systems. No other satellite comes close to offering the same HDTV reach and performance as Galaxy 13. We are honored that Herring Broadcasting has chosen to launch their first HD channel on the Galaxy fleet. When programmers think HDTV distribution, they think Galaxy 13." Located at 127 degrees west longitude in the U.S. cable arc, Galaxy 13 is part of PanAmSat's "Power of Five" antenna program, which provides qualified cable operators with simultaneous access to five Galaxy neighborhood satellites. It is also one of the industry's most advanced satellites and the first of three HD satellites that PanAmSat will deploy above the U.S. by mid-2005. Only a few weeks ago, Galaxy 13 moved into position and took over the duties of Galaxy 9, which is now a new Galaxy in-orbit spare. In addition to its roster of HD programmers, Galaxy 13 also includes some of theindustry's premier video broadcasters including Charter Communications, E! and the Starz Encore thematic channels. "Our agreement with PanAmSat demonstrates our commitment to high-definition programming and maximizes the ease for cable companies and DBS providers to carry Wealth TV," said Robert Herring, Sr, president of Herring Broadcasting. "We are excited to have Wealth TV in the industry's number-one HD neighborhood and look forward to working with PanAmSat." About Wealth TV Herring Broadcasting, Inc. is launching the "Wealth TV" network on June 1, 2004. Wealth TV is a lifestyles and entertainment network designed to have broad appeal, providing a behind the scenes look into how the wealthy achieved and enjoy their success. Wealth TV is launching numerous new programs in true high definition (HD) format. Visit Wealth TV at http://www.wealthtv.net/. About PanAmSat PanAmSat Corporation (NASDAQ:SPOT) is one of the world's top three satellite operators managing a global fleet of 30 satellites, 25 of which are wholly-owned by the Company, for the delivery of news, sports and other television programming. In total, this fleet is capable of reaching more than 98 percent of the world's population through cable television systems, broadcast affiliates, direct-to-home operators, Internet service providers and telecommunications companies. In addition, PanAmSat supports the largest concentration of satellite-based business networks in the US, as well as specialized communications servicesin remote areas throughout the world. PanAmSat is 81 percent owned by HUGHES Electronics Corporation. For more information, visit the company's web site at http://www.panamsat.com/. About Hughes Hughes Electronics Corporation is a world-leading provider of digital multichannel television entertainment, broadband satellite networks and services, and global video and data broadcasting. Hughes is 34 percent owned by Fox Entertainment Group, which is approximately 82 percent owned by News Corporation Ltd. DATASOURCE: PanAmSat Corporation CONTACT: Kathryn Lancioni of PanAmSat Corporation, +1-203-210-8649, Web site: http://www.panamsat.com/ http://www.wealthtv.net/

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