New Cable Network Wealth TV to Launch on PanAmSat's Galaxy 13
February 23 2004 - 11:37AM
PR Newswire (US)
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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