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Technology Stocks : Liberty Livewire - LWIRA

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To: Xenogenetic who started this subject8/30/2000 10:39:13 PM
From: Xenogenetic   of 50
 
Triumph Communications to Provide New Backhaul Services For DIRECTV(R) Local Channel Delivery

NEW YORK, Aug. 30 /PRNewswire/ -- Triumph Communications(SM), a major provider of private digital fiber video networks, announced today that it has been awarded a contract to provide additional video backhaul services for delivery of local television broadcast channels to DIRECTV, Inc., the nation's leading provider of digital television entertainment. Triumph Communications is wholly-owned by Liberty Livewire Corporation (Nasdaq: LWIRA - news).

Triumph currently uses its fiber network to deliver 68 local broadcast television stations from 17 select markets across the country where DIRECTV is currently offering local channel services. As a result of this new contract, Triumph will provide DIRECTV with fiber delivery to an additional 36 local broadcast television stations from 9 new markets. The addition of these new channels will expand the private fiber-optic video network that Triumph has designed and implemented for DIRECTV to over 22,000 miles.

Operationally, Triumph will hub together each of the local television stations with which DIRECTV has retransmission agreements. Triumph will then encode and transmit the signals on the Triumph Network, which will be delivered real-time to the DIRECTV® Los Angeles Broadcast Center.

In addition to fiber delivery, Triumph will continue to provide DIRECTV with quality video service. Triumph currently monitors all the local channels it delivers to DIRECTV from its 24/7/365 Video Service Center (VSC). Triumph's VSC is located in New York City and is responsible for the monitoring and troubleshooting of the local channel signals it delivers to DIRECTV.

DIRECTV, Inc.

DIRECTV, Inc. is the nation's leading provider of digital television entertainment with more than 8.7 million customers, including customers subscribing to the PRIMESTAR By DIRECTV service. DIRECTV is a registered trademark of DIRECTV, Inc., a unit of Hughes Electronics Corporation. Hughes Electronics is the world's leading provider of digital television entertainment, and satellite and wireless systems and services. The earnings of Hughes Electronics, a unit of General Motors Corporation, are used to calculate the earnings per share attributable to the General Motors Class H common stock (NYSE: GMH - news). Visit DIRECTV on the World Wide Web at www.directv.com.

About Triumph Communications(SM)

Triumph Communications(SM), a Liberty Livewire company, is a design engineering company and a provider of video transmission services, including both satellite and fiber capabilities and is most noted for its seamless migration from analog to digital transmission. Triumph provides transmission services in varying bandwidths to accommodate all methods of video service. Services are available for full time and occasional use. Information about Triumph's services is available at www.triumphco.com.

About Liberty Livewire Corporation

Liberty Livewire Corporation provides a wide range of traditional audio and video post-production, transmission, library services, Internet hosting, and audio/video distribution services via satellite and fiber to worldwide clients in the feature film, television and advertising industries. The company also provides interactive television service under the brand name HyperTv® with Livewire. The company has facilities in Los Angeles, New York, Atlanta, London, San Francisco, Singapore, and Barcelona. Liberty Livewire is a subsidiary of Liberty Media Group.

SOURCE: Triumph Communications
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