Encompass Digital Media to Acquire Ascent Media Corp.’s (ASCMA) Content Distribution Business

QualityStocks would like to highlight Ascent Media Corporation (Nasdaq: ASCMA; OTC: ASCMB), a holding company whose primary subsidiary is Ascent Media Group, LLC, a Delaware limited liability company ("Ascent Media"), which provides creative and technical services to the media and entertainment industries.

In the company’s news Friday,

Encompass Digital Media, a US-based digital media services provider, announced that it will purchase the global content distribution business of Ascent Media Corp. for approximately $113 million in cash and assumption of about $7 million in debt.

The acquisition will create a leading global provider of critical outsourced media services to cable channels, broadcasters, media companies and others. The transaction will also greatly expand Encompass’ scale and geographic footprint by combining its core operations in Los Angeles and Atlanta with Ascent’s broadcast facilities in New York, Minnesota, Burbank, Singapore and London.

The company will benefit from a high quality and diversified client base consisting of major media companies, cable and sports networks, as well as government entities such as the Department of Defense. Some of the company’s corporate clients include: A&E Networks, Disney, ESPN, NHL Network, BBC Worldwide, MTV, NFL Network, Discovery Networks, CNN and CNBC.

Acquiring Ascent’s content distribution business will significantly enhance Encompass’ ability to meet the needs of broadcasters and media companies looking to benefit from the latest technology and rationalize costs with a credible global partner. The president and chief operating officer of Encompass, Bill Tillson, said, “Encompass will be unique in our ability to provide such a broad range and scope of mission-critical services with the highest level of performance and technical expertise on which our clients rely.”

About QualityStocks

QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 750,000+ subscribers that receive The Daily Stock Newsletters.

To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.