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EchoStar Announces Agreement to Acquire Sling Media, Inc.

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Posted September 25, 2007

ENGLEWOOD, Colo. and FOSTER CITY, Calif., September 24, 2007
– EchoStar Communications Corporation (NASDAQ: DISH) announced today
that it has agreed to acquire Sling Media, Inc., a privately-held
digital lifestyle products company. EchoStar, through its DISH Network®,
is the third largest pay-TV provider in the United States. The
transaction values Sling Media at approximately $380 million and is
payable in cash and EchoStar options. The transaction is subject to
customary closing conditions, and is expected to close in the fourth
quarter of 2007.

Established in 2004, Sling Media has been a
leading innovator in the digital lifestyle space through the
introduction of the internationally-acclaimed, Emmy award-winning
Slingbox™ and SlingPlayer™ software. Sling Media’s product line is
distributed in over 5,000 retail stores in 11 countries.

In
2006, Sling Media created the Sling Entertainment Group with the
mission of developing entertainment experiences and business models
that reach beyond the Slingbox. The group also fosters and manages
relationships with content creators and owners. Its first initiative,
Clip+Slingâ„¢, dramatically changes the way consumers socialize around TV
by enabling users to clip and share limited segments of their favorite
television programming. 

 “As an early investor in Sling Media,
EchoStar has been pleased with the progress and commitment the company
has made establishing Sling Media and the Slingbox as powerful and
beloved digital media brands,” said Charlie Ergen, CEO and co-founder
of EchoStar. “With today’s increasingly mobile lifestyle, EchoStar’s
acquisition of Sling Media will allow us to offer innovative and
convenient ways for our customers to enjoy their programming on more
displays and locations, including TVs, computers and mobile phones,
both inside and outside of the home. This combination paves the way for
the development of a host of new innovative products and services for
our subscribers, new digital media consumers and strategic partners.”

“We
are psyched to make this announcement. We have worked closely with
EchoStar for more than two years, and have come to realize that both
companies have similar entrepreneurial cultures and mutual dedication
and passion for creating empowering experiences that benefit the
consumer and the media industry,” said Blake Krikorian, co-founder,
chairman and CEO of Sling Media. “By combining strategies, resources
and technologies with EchoStar, Sling Media will be able to rapidly
expand our open multi-platform product offerings, not only for DISH
Network subscribers, but for digital media enthusiasts around the
globe.”

About EchoStar Communications Corporation
EchoStar
Communications Corporation (Nasdaq: DISH) has been a leader for more
than 26 years in satellite TV equipment sales and support worldwide.
The Company’s DISH Network® is the fastest-growing pay-TV provider in
the country since 2000 and currently serves more than 13.585 million
satellite TV customers. DISH Network® offers a premier line of
industry-leading Digital Video Recorders (DVRs) and hundreds of video
and audio channels as well as the most national HD and International
channels in the U.S., Interactive TV, Latino and sports programming.
DISH Network also provides a variety of package and price options
including the lowest all-digital price in America and the DishDVR
Advantage Package. EchoStar is included in the Nasdaq-100 Index (NDX)
and is a Fortune 300 company. Visit www.echostar.com or call 1-800-333-DISH (3474) for more information.

About Sling Media, Inc.
Sling
Media, Inc. is a leading digital lifestyle company offering consumer
services and products that are a natural extension of today’s digital
way of life. Sling Media's product family includes the
internationally-acclaimed, Emmy award-winning Slingboxâ„¢ that allows
consumers to watch and control their living room television shows at
any time, from any location, using PCs, Macs, PDAs and smartphones. For
more information on Sling Media or the Slingbox, visit www.slingmedia.com.


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