Global Media Exchange (GMX), the online, B2B professional video marketplace powered by Ascent Media Group, today announced that Mara Sternthal has been promoted from Senior Vice President, Business Development to General Manager in order to further establish its position as one of the fastest-growing, online platforms enabling content owners and right holders to connect, find, buy and sell professionally-produced video content in a secure environment.

The promotion serves as recognition of Sternthal’s role in overseeing the launch of GMX and bringing the proposition to market. Sternthal played a leading role in defining the GMX platform as an innovative way to buy and sell feature film and TV content, complementing current traditional sales efforts with a year-round, 24/7 market presence. In addition to developing the website in cooperation with the product team, Sternthal built and leads a team of 20 sales reps who have registered member companies with a global footprint in 68 countries. Her responsibilities include identifying and implementing new revenue models, and overseeing an internal organization that supports these efforts. Sternthal reports to William Niles, EVP, General Counsel and Secretary of Ascent Media.

“Mara has been instrumental in providing the strategic vision and acumen responsible for GMX becoming a leading global online marketplace for content buyers and sellers,” said Niles. “Mara’s extensive experience in all aspects of content distribution, enable her to anticipate and respond to the needs of GMX clients. Her industry expertise, relationships, and proven leadership skills will be invaluable as she takes GMX to the next level.”

“The company’s rapid growth within its first year of operation is yet another validation of the GMX model and industry need for an online global marketplace that enables content owners and distributors to turbo-charge current sales efforts, monetize libraries economically and efficiently, while reaching tertiary markets and audiences around the world,” said Sternthal.

Launched on October 1, 2009, GMX’s mission is to bring together and generate new licensing opportunities for thousands of media companies and professionals from around the world, at an affordable cost. To date, GMX has secured over 750 registered content buyers and sellers including The MGM Channel, Discovery Networks, Starz Entertainment, Al Jazeera Documentary Channel, Televisa Digital, Globo, Fox Latin American Channels, NBC Universal Global Networks France, Lifetime TV, Disney Channel, and The Food Network.

About GMX:

GMX–The Global Media Exchange, LLC is a wholly-owned subsidiary of Ascent Media Group, LLC. GMX, an online media content marketplace, supports content buyers by providing broad and deep access to media content. GMX enables content sellers to market and promote their content to buyers worldwide, and allows buyers to find titles and related information more quickly, while efficiently managing and controlling the acquisition process. Available to registered users 24/7, the GMX media content marketplace enables users to leverage current sales and acquisition efforts, complementing attendance at traditional markets and conferences with a year-round online presence.

About Ascent Media Group :

Santa Monica, California-based Ascent Media Group, LLC is a wholly-owned subsidiary of Ascent Media Corporation (NASDAQ: ASCMA). With more than 40 facilities worldwide, Ascent Media Group is a leading provider of fully integrated, end-to-end services for the global digital media supply chain. Guided by our entrepreneurial culture, we blend breakthrough creative with emerging technologies to deliver some of the most advanced and innovative media solutions to help film and television studios, independent producers, broadcast networks, cable channels, advertising agencies and other companies make, manage, move and monetize their digital media.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Ascent Media Corporation and its subsidiaries or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors include, among others: the risks and factors described in the statements and reports of Ascent Media Corporation filed or furnished with the Securities and Exchange Commission (and publicly available at the Securities and Exchange Commission’s website, www.sec.gov); general economic and business conditions and industry trends; spending on television advertising, first-run content libraries and existing content libraries; the regulatory and competitive environment of the industries in which Ascent Media Corporation operates; rapid technological changes; future financial performance, including availability, terms and deployment of capital; changes in, or failure to comply with, government regulations, including, without limitation, regulations of the Federal Communications Commission, and adverse outcomes from regulatory proceedings; and competitor responses to Ascent Media Corporation’s products and services, and the overall market acceptance of such products and services, including acceptance of the pricing of such products and services. These forward-looking statements speak only as of the date of this Release. Ascent Media Corporation expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Ascent Media Corporation’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Copyright Business Wire 2010